Southern Missouri Bancorp, Inc. (SMBC) Bundle
A Brief History of Southern Missouri Bancorp, Inc. (SMBC)
Company Overview
Southern Missouri Bancorp, Inc. is headquartered in Poplar Bluff, Missouri. As of December 31, 2023, the company reported total assets of $2.44 billion.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Assets | $2.44 billion |
| Total Deposits | $2.09 billion |
| Net Income | $54.3 million |
| Return on Average Assets | 1.86% |
Branch Network
SMBC operates 54 banking centers across Missouri, Arkansas, and Kansas.
Stock Performance
As of January 2024, SMBC trades on the NASDAQ under the ticker symbol SMBC. Stock price ranges between $48-$52 per share.
Key Business Segments
- Commercial Banking
- Retail Banking
- Agricultural Lending
- Mortgage Services
Regulatory Capital
Tier 1 Capital Ratio: 13.2% as of Q4 2023, exceeding regulatory requirements.
Who Owns Southern Missouri Bancorp, Inc. (SMBC)
Institutional Ownership
As of Q4 2023, institutional investors own 67.38% of Southern Missouri Bancorp, Inc. shares.
| Top Institutional Shareholders | Shares Owned | Percentage |
|---|---|---|
| The Vanguard Group, Inc. | 1,032,404 | 12.41% |
| BlackRock Inc. | 856,229 | 10.29% |
| Dimensional Fund Advisors LP | 574,483 | 6.90% |
Insider Ownership
As of the latest filing, insider ownership represents 3.62% of total shares.
- Greg A. Steffens (President and CEO): 122,847 shares
- Barry W. Skinner (Chairman of the Board): 98,234 shares
- Other executive officers: 45,612 shares
Shareholder Distribution
Total outstanding shares: 8,326,451
| Ownership Category | Percentage |
|---|---|
| Institutional Investors | 67.38% |
| Insider Ownership | 3.62% |
| Retail Investors | 29.00% |
Public Trading Information
Southern Missouri Bancorp, Inc. trades on NASDAQ under the ticker symbol SMBC.
Southern Missouri Bancorp, Inc. (SMBC) Mission Statement
Corporate Overview
Southern Missouri Bancorp, Inc. (SMBC) is a bank holding company headquartered in Poplar Bluff, Missouri, with total assets of $2.59 billion as of December 31, 2023.
Mission Statement Components
- Provide comprehensive financial services to communities in Missouri and Arkansas
- Support local economic development
- Deliver personalized banking solutions
Financial Performance Metrics
| Financial Metric | 2023 Value |
|---|---|
| Total Assets | $2.59 billion |
| Net Income | $52.4 million |
| Return on Equity | 12.45% |
| Loan Portfolio | $1.98 billion |
| Deposit Base | $2.24 billion |
Strategic Focus Areas
- Community Banking: Serving 51 branch locations
- Commercial Lending: Focus on small to medium-sized businesses
- Digital Banking: Offering online and mobile banking platforms
Geographic Presence
Operating primarily in Missouri and Arkansas, with 51 branch locations across multiple counties.
How Southern Missouri Bancorp, Inc. (SMBC) Works
Company Overview
Southern Missouri Bancorp, Inc. is headquartered in Poplar Bluff, Missouri. As of Q4 2023, the company has total assets of $2.8 billion.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Assets | $2.8 billion |
| Net Income | $54.3 million |
| Return on Equity | 14.2% |
| Net Interest Margin | 4.1% |
Banking Services
- Commercial Lending
- Personal Banking
- Business Checking Accounts
- Online and Mobile Banking
- Mortgage Lending
Branch Network
As of December 2023, SMBC operates 54 banking locations across Missouri.
Stock Performance
| Stock Metric | Current Value |
|---|---|
| Stock Symbol | SMBC |
| Stock Price (January 2024) | $59.47 |
| Market Capitalization | $536 million |
Loan Portfolio Composition
| Loan Type | Percentage |
|---|---|
| Commercial Real Estate | 42% |
| Residential Mortgages | 28% |
| Consumer Loans | 18% |
| Agricultural Loans | 12% |
How Southern Missouri Bancorp, Inc. (SMBC) Makes Money
Interest Income
As of Q4 2023, Southern Missouri Bancorp generated $96.4 million in total interest income, with the following breakdown:
| Interest Income Source | Amount ($) |
|---|---|
| Loans | 87.2 million |
| Investment Securities | 9.2 million |
Loan Portfolio
The bank's loan portfolio totaled $1.87 billion as of December 31, 2023, with the following composition:
- Commercial Real Estate: $712 million
- Residential Real Estate: $456 million
- Agricultural Loans: $298 million
- Commercial Business Loans: $274 million
- Consumer Loans: $130 million
Non-Interest Income
Non-interest income for 2023 was $22.6 million, including:
| Non-Interest Income Source | Amount ($) |
|---|---|
| Service Charges on Deposits | 8.3 million |
| Mortgage Banking Revenue | 5.7 million |
| Wealth Management Fees | 4.2 million |
| Other Fees | 4.4 million |
Net Interest Margin
The bank's net interest margin for 2023 was 3.85%, generating net interest income of $78.2 million.
Fee-Based Services
Southern Missouri Bancorp generates additional revenue through:
- Online and mobile banking services
- Treasury management solutions
- Merchant payment processing
- Investment and insurance products
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