Southern Missouri Bancorp Declares $0.25 Quarterly Dividend, 128th Consecutive
Southern Missouri Bancorp (NASDAQ: SMBC), parent company of Southern Bank, declared a $0.25 per share quarterly dividend payable May 29. The dividend marks the 128th consecutive quarterly payment since the company's inception.
Southern Missouri Bancorp, Inc. (NASDAQ: SMBC), a community banking company operating through its subsidiary Southern Bank, declared a quarterly cash dividend of $0.25 per common share on April 21, 2026. The dividend marks the 128th consecutive quarterly payment since the company's inception. Read more dividend announcements.
The dividend will be paid on May 29, 2026, to stockholders of record at the close of business on May 15, 2026. The board's decision to maintain the quarterly payout demonstrates continued confidence in the Poplar Bluff, Missouri-based institution's financial position.
| Dividend Details | Information |
|---|---|
| Amount | $0.25 per share |
| Record Date | May 15, 2026 |
| Payment Date | May 29, 2026 |
| Frequency | Quarterly |
Quarterly Financial Performance
The dividend declaration accompanied the company's preliminary third quarter fiscal 2026 results. Southern Missouri Bancorp reported preliminary net income of $17.8 million for the quarter ended March 31, 2026, up $2.1 million or 13.3% from the same period in the prior fiscal year.
Earnings per fully diluted common share came in at $1.60 for the third quarter, an increase of $0.21 or 15.1% compared to $1.39 per share in the year-ago period. The annualized return on average assets reached 1.41%, while return on average common equity hit 12.6%.
Net interest margin for the quarter stood at 3.67%, reflecting the company's ability to manage the spread between interest income and interest expense. The provision for credit losses increased $1.1 million from the year-ago period, primarily driven by higher reserves on agriculture loans amid ongoing pressure in the agricultural sector.
Balance Sheet Expansion
Gross loan balances totaled $4.3 billion as of March 31, 2026, up $298.9 million or 7.4% from the prior year and $95.8 million or 2.3% from December 31, 2025. Deposit balances increased to $4.1 billion, growing $79.5 million or 1.9% year-over-year and $32.6 million or 0.8% from the prior quarter.
Total assets reached $5.1 billion at quarter-end, reflecting an increase of $121.9 million or 2.4% for the first nine months of fiscal 2026. The growth primarily reflected increases in net loans receivable and investment securities.
Tangible book value per share stood at $45.80 as of March 31, 2026, having increased $5.43 or 13.5% compared to the same date in the prior year. During the third quarter, the company repurchased 156,000 shares of common stock at an average price of $61.97 per share, totaling $9.7 million.