Southern Missouri Bancorp Reports Preliminary Q4 Net Income Of $13.5M, Down 13.0% From Prior Year; EPS $1.19, Est $0.99
Portfolio Pulse from Benzinga Newsdesk
Southern Missouri Bancorp (SMBC) reported preliminary Q4 net income of $13.5M, down 13.0% from the prior year, with EPS of $1.19, beating estimates of $0.99. The decrease was due to lower net interest and noninterest income. For the full fiscal year 2024, net income increased by $10.9M to $50.2M, with EPS rising to $4.42 from $3.85 in fiscal 2023.
July 29, 2024 | 9:53 pm
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Southern Missouri Bancorp (SMBC) reported a 13% decrease in Q4 net income to $13.5M, with EPS of $1.19 beating estimates of $0.99. The decrease was due to lower net interest and noninterest income. However, full-year net income increased by $10.9M to $50.2M, with EPS rising to $4.42 from $3.85 in fiscal 2023.
Despite a 13% decrease in Q4 net income, SMBC's EPS of $1.19 beat estimates of $0.99, which is likely to have a positive short-term impact on the stock price. The full-year net income increase and higher EPS also contribute to a positive outlook.
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