Southern Missouri Bancorp reported first quarter fiscal 2027 net income of $19.1 million, a 22% increase over the prior year. The results were supported by expanding net interest margins and a lower provision for credit losses, while the company continued to see steady growth in its loan and deposit portfolios.
Key Highlights
- Net interest margin expanded 13 basis points year-over-year to 3.70%, driven by lower funding costs.
- Gross loan balances reached $4.5 billion, representing 6.3% growth over the last twelve months.
- Provision for credit losses decreased to $3.0 million compared to $4.5 million in the same quarter last year.
- Tangible book value per share increased 11.9% annually to $48.52 as of September 30, 2026.