Southern Missouri Bancorp, Inc. Reports Earnings Results for the Second Quarter Ended December 31, 2020
January 26, 2021 at 05:45 pm
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Southern Missouri Bancorp, Inc. announced earnings results for the second quarter ended December 31, 2020. For the second quarter, the company announced net interest income was USD 23.527 million compared to USD 19.377 million a year ago. Net income was USD 12.048 million compared to USD 7.717 million a year ago. Basic earnings per share from continuing operations was USD 1.33 compared to USD 0.84 a year ago. Diluted earnings per share from continuing operations was USD 1.32 compared to USD 0.84 a year ago.
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. 
