SMBC earnings analysis
What we found in SMBC's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Southern Missouri Bancorp, Inc. reported strong results for Q3 2026, with revenue of $50.245 million and diluted EPS of $1.60, exceeding analyst expectations. Driven by a 13.3% increase in net income year-over-year to $17.8 million, the company demonstrated positive momentum in net interest income as well as effective management of credit losses despite rising provisions.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Exceeds Estimates
- Actual revenue was $50.245 million, above estimates of $49.96 million.
- Strong EPS Performance
- Diluted EPS of $1.60 surpassed expectations of $1.53, representing a 15.1% year-over-year increase.
- Net Income Growth
- Net income rose to $17.8 million, a 13.3% increase compared to the prior year.
- Improved Operating Margin
- Operating margin improved to 28.7% in Q2, driving profitability.
- Asset Growth
- Total assets increased to $5.141 billion, up 2.4% from the previous quarter.
- Significant Loan Growth
- Net loans receivable increased by $217.5 million, reaching $4.3 billion.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Increased Provision for Credit Losses
- The provision for credit losses was raised to $8.3 million in Q3 2026, a 105.3% increase year-over-year.
- Nonperforming Loans Rising
- Nonperforming loans increased to $30.135 million, up from $23.040 million in June 2025.
- Economic Uncertainties
- Management cited significant economic uncertainties impacting loan performance and quality.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $1.6
- Operating margin
- 28.7%
- Segment
- Commercial and Industrial Loans
- Segment
- Residential Real Estate Loans
- Segment
- Agricultural Loans
- Segment
- Multi-Family Rental Real Estate
What they said about what is next.
Management anticipates continued growth through loan origination and deposit strategies.
The filing reads better than the one before it.
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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