Southern Missouri Bancorp, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2011; Declares Quarterly Dividend, Payable on February 29, 2012
January 25, 2012 at 08:51 pm
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Southern Missouri Bancorp, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended December 31, 2011. For the quarter, the company reported net interest income of $7,322,000 against $4,764,000 a year ago. Net income available to common shareholders was $2,553,000, or $0.95 per diluted share against net income attributable to common shareholders of $5,448,000, or $2.56 per diluted share a year ago. Return on average assets was 1.44% against 3.75% a year ago. Return on average common equity was 17.1% against 58.1% a year ago.
For the six months, the company reported net interest income of $14,799,000 against $9,278,000 a year ago. Net income available to common shareholders was $5,173,000, or $2.12 per diluted share against net income attributable to common shareholders of $6,623,000, or $3.11 per diluted share a year ago. Return on average assets was 1.53 against 2.39% a year ago. Return on average common equity was 19.3% against 35.6% a year ago.
The company announced that he Board of Directors, on January 17, 2012, declared its quarterly dividend of $0.12 cash dividend will be paid on February 29, 2012, to shareholders of record at the close of business on February 15, 2012.
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.
Southern Missouri Bancorp, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2011; Declares Quarterly Dividend, Payable on February 29, 2012