Sector: Financials | Industry: Banks |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 2991 Oak Grove Road POPLAR BLUFF MO 63901 |
Tel: | 1-573-7781800 |
Website: | https://investors.bankwithsouthern.com/corporate-profile/default.aspx |
IR: | See website |
Key People | ||
Greg A. Steffens Chairman of the Board, Chief Executive Officer | Martin J. Weishaar Chief Legal Officer | Matthew T. Funke President, Chief Administrative Officer, Director |
L. Douglas Bagby Vice Chairman of the Board | Stefan Chkautovich Chief Financial Officer, Executive Vice President, Principal Accounting Officer | Justin G. Cox Regional President, West region |
Kimberly A. Capps Chief Operations Officer | Lance Greunke Chief Risk Officer | Brett A. Dorton Chief Strategies Officer | Mark E. Hecker Chief Credit Officer |
Business Overview |
Southern Missouri Bancorp, Inc. is a bank holding company and the parent company of Southern Bank (Bank). The Bank is primarily engaged in providing a full range of banking and financial services to individuals and corporate customers in its market areas. The principal business of the Bank consists of attracting retail deposits from the general public and using such deposits along with wholesale funding from the Federal Home Loan Bank of Des Moines, (FHLB), and brokered deposits, to invest in one- to-four-family residential mortgage loans, mortgage loans secured by commercial real estate, commercial non-mortgage business loans, construction loans, and consumer loans. These funds are also used to purchase mortgage-backed and related securities (MBS), municipal bonds, and other permissible investments. The Bank conducts its business from its headquarters in Poplar Bluff, as well as about 62 full-service branch offices and three limited-service branch offices. |
Financial Overview |
For the nine months ended 31 March 2024, Southern Missouri Bancorp Inc interest income increased 50% to $183.7M. Net interest income after loan loss provision increased 37% to $101.7M. Net income applicable to common stockholders increased 55% to $36.5M. Net interest income after loan loss provision reflects Loans receivable increase of 45% to $164.1M, Mortgage-backed securities increase from $3.7M to $10.6M. |
Employees: | 665 as of Jun 30, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $476.61M as of Mar 31, 2024 |
Annual revenue (TTM): | $237.99M as of Mar 31, 2024 |
EBITDA (TTM): | $84.36M as of Mar 31, 2024 |
Net annual income (TTM): | $51.95M as of Mar 31, 2024 |
Free cash flow (TTM): | $59.24M as of Mar 31, 2024 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 11,277,737 as of Jun 30, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |