NASDAQ: SMBC SOUTHERN MISSOURI BANCORP, INC. 8-K

SMBC reports Q4 net income up 28.5% to $20.3M, raises dividend 8% to $0.27/share

Filed July 22, 2026 · Period ending July 21, 2026 · ~1 min read

Key Changes

high

Q4 FY2026 net income of $20.3M ($1.83/share) rose 28.5% YoY; full-year net income of $71.8M ($6.43/share) up 22.6%, driven by higher net interest income and lower expenses.

Exhibit 99.1 view on EDGAR →
high

Board raised quarterly dividend 8% to $0.27/share (from $0.25), payable Aug 31 to shareholders of record Aug 14; marks 129th consecutive quarterly dividend.

Item 8.01 verify on EDGAR →
high

Net interest margin expanded 20 bps YoY to 3.67% as cost of interest-bearing liabilities fell 29 bps, though Q4 included a $603K interest reversal on a nonaccrual agricultural loan.

Exhibit 99.1 view on EDGAR →
medium

Nonperforming assets rose to $33.5M (0.64% of total assets) from $23.7M (0.47%) a year earlier, driven by three borrower relationships including two agricultural production credits.

Exhibit 99.1 view on EDGAR →
medium

Gross loans grew $291.2M (7.1%) for the full year, outpacing deposit growth of $126.5M (3.0%), raising the average loan-to-deposit ratio to 99.7% from 94.5%.

Exhibit 99.1 view on EDGAR →

Summary

Southern Missouri Bancorp reported strong fourth-quarter fiscal 2026 results, with net income of $20.3 million ($1.83 per diluted share) up 28.5% from the prior-year quarter. Full-year net income reached $71.8 million ($6.43 per share), a 22.6% increase driven by net interest margin expansion, lower expenses, and higher noninterest income.

The Board raised the quarterly dividend 8% to $0.27 per share, the 129th consecutive quarterly payout since inception, signaling confidence in the earnings trajectory and capital position. Net interest margin expanded 20 basis points year-over-year to 3.67% as funding costs fell, though the quarter included a $603,000 interest reversal on a nonaccrual agricultural loan.

Nonperforming assets rose to 0.64% of total assets from 0.47% a year earlier, concentrated in three borrower relationships (one commercial, two agricultural). The allowance for credit losses remains adequate at 199% of nonperforming loans. Loan growth of 7.1% outpaced deposit growth of 3.0%, pushing the loan-to-deposit ratio to 99.7%. Retail holders should monitor credit quality trends in the agricultural portfolio and the bank's ability to fund continued loan growth without margin pressure.

Section-by-Section Diff

Event · Item 2.02 — Results of Operations and Financial Condition

~97 words

SMBC announced preliminary Q4 FY2026 results, a $0.27 quarterly dividend, and scheduled an investor conference call.

1 Added

Added Q4 FY2026 preliminary results and dividend medium

Added in current filing · verify on EDGAR →

On July 21, 2026, Southern Missouri Bancorp, Inc., the parent corporation of Southern Bank, issued a press release announcing preliminary fourth quarter of fiscal 2026 results, its quarterly dividend of $0.27 per common share, and the timing and other information regarding its investor conference call.

The company disclosed preliminary fourth quarter fiscal 2026 financial results and declared a quarterly dividend of $0.27 per common share. The 8-K does not provide the specific financial metrics or results details, which are contained in the attached press release exhibit. An investor conference call was also scheduled to discuss the results.

Event · Item 8.01 — Other Events

~100 words

Item 8.01 — Other Events filed; see Key Changes for terms.

2 Added

Added Quarterly dividend declaration medium

Added in current filing · verify on EDGAR →

On July 21, 2026, the Board of Directors of Southern Missouri Bancorp, Inc. (the “Company”) declared its 129th consecutive quarterly dividend on common stock since the inception of the Company. The dividend of $0.27 per common share will be payable on August 31, 2026, to stockholders of record at the close of business on August 14, 2026.

The Board declared a quarterly dividend of $0.27 per common share, marking the 129th consecutive quarterly dividend since the company's inception. The dividend will be paid on August 31, 2026 to shareholders of record as of August 14, 2026. The unbroken 129-quarter streak demonstrates consistent capital return to shareholders.

Show 1 minor / wording change

Added Earnings conference call low

Added in current filing · verify on EDGAR →

In other matters, the Company will host a conference call to discuss the release on July 23, 2026, at 9:30 a.m., central time. The call will be available live to interested parties by calling (toll free) 1-800-715-9871 in the United States. Participants should use participant access code 3159664.

The company will host a conference call on July 23, 2026 at 9:30 a.m. central time to discuss an earnings or results release. Investors can participate via the toll-free number provided.

Event · Exhibit 99.1

~8,400 words View exhibit on EDGAR ↗

Southern Missouri Bancorp reported Q4 FY2026 net income of $20.3M ($1.83/share), up 28.5% YoY, and declared a quarterly dividend of $0.27/share.

3 Added

Added Net interest margin expansion high

Added in current filing · view on EDGAR →

Net interest margin for the quarter was 3.67%, up from 3.47% reported for the year ago period, and unchanged from the third quarter of fiscal 2026, the linked quarter. Net interest income increased $4.1 million, or 10.1%, as compared to the same quarter a year ago, and increased $1.3 million, or 2.9%, as compared to the third quarter of fiscal 2026, the linked quarter. Net interest income in the fourth quarter of fiscal 2026 included a $603,000 reversal of accrued interest related to an agricultural production relationship placed on nonaccrual status, reducing net interest margin by approximately five basis points.

Net interest margin expanded 20 basis points year-over-year to 3.67%, driven by a 29 basis point decrease in the cost of interest-bearing liabilities, partially offset by a 6 basis point decrease in yield on interest-earning assets. Net interest income rose $4.1 million (10.1%) versus the prior-year quarter, though Q4 included a $603,000 interest reversal on a nonaccrual agricultural loan that reduced NIM by approximately 5 basis points.

Added Nonperforming assets increase medium

Added in current filing · view on EDGAR →

Nonperforming loans (NPLs) were $27.7 million, or 0.63% of gross loans, at June 30, 2026, as compared to $23.0 million, or 0.56% of gross loans, at June 30, 2025. Nonperforming assets (NPAs) were $33.5 million, or 0.64% of total assets, at June 30, 2026, as compared to $23.7 million, or 0.47% of total assets, at June 30, 2025. ... The year-over-year increase in NPLs was primarily attributable to three borrower relationships: one commercial relationship consisting of multiple related loans collateralized by commercial real estate and equipment; one consisting of two related agricultural production loans secured by crops and equipment; and the other, which was added during the quarter ended June 30, 2026, consisting of several related agricultural production loans secured by crop insurance claims, restricted cash, crops, and equipment.

Nonperforming assets rose to $33.5 million (0.64% of total assets) from $23.7 million (0.47%) a year earlier, driven by three borrower relationships: one commercial real estate/equipment relationship, and two agricultural production relationships (one added in Q4 2026). The allowance for credit losses remained adequate at 199% of NPLs and 1.25% of gross loans.

Added Loan and deposit growth medium

Added in current filing · view on EDGAR →

Gross loan balances increased by $69.4 million during the fourth quarter, and increased by $291.2 million, or 7.1%, for the full fiscal year 2026. ... Deposit balances increased by $66.9 million during the fourth quarter, and increased by $126.5 million, or 3.0%, for the full fiscal year 2026.

Gross loans grew $291.2 million (7.1%) for the full fiscal year 2026, with $69.4 million added in Q4 alone, primarily in 1-4 family residential, agriculture real estate, multi-family, commercial and industrial, and commercial real estate. Deposits increased $126.5 million (3.0%) for the year, with $66.9 million in Q4, though loan growth outpaced deposit growth, raising the average loan-to-deposit ratio to 99.7% from 94.5% a year earlier.