Southern Missouri Bancorp, Inc. (SMBC) Stock

Southern Missouri Bancorp, Inc. (SMBC) is a Financials stock trading at $73.03 (as of 2026-09-02), with a market capitalization of $804.42M and a trailing P/E of 12.0. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Southern Missouri Bancorp, Inc. is a bank holding company for Southern Bank, providing banking and financial services to individuals and corporate customers in the United States. Services include business banking and financing, personal banking such as deposits, mortgages and loans, plus investing, insurance, and related account and digital banking offerings through its branch network.

Understand Southern Missouri Bancorp, Inc.: how it makes money

Southern Missouri Bancorp runs Southern Bank, a community bank in Missouri offering business loans, mortgages, deposits, and investment services to local individuals and small businesses. Profit comes from the spread between loan yields and the cost of its retail deposits. The loan book skews toward small commercial and agricultural borrowers, fully funded by a locally gathered deposit base.

Every basis point of net interest spread between what local borrowers pay and what retail depositors earn flows almost directly to the bottom line; the bank's entire profit model lives or dies on that margin.

Business quality (Solid): Solid small-community-bank profile: 31% operating margin and 12% ROE are reasonable for a $100M-revenue lender, though credit trends are the variable to watch.

Valuation: At 12× earnings, SMBC trades in line with the Banking average (13×).

Bull case

Deposit repricing widens the spread: Management flagged that deposit repricing could support further margin expansion on top of the 31% operating margin already delivered this quarter, giving the net-interest-income engine room to grow without new lending volume.
Five percent buyback floors value: A new authorization to repurchase approximately 5% of shares outstanding gives the board a direct lever to support per-share value if the stock lags peers.
CRE workout shows recovery upside: A specialty commercial real estate workout generated a $2 million recovery and returned one loan to accrual, demonstrating the bank can extract real value from problem assets rather than simply writing them down.

Bear case

Credit quality is deteriorating: Non-performing assets and classified loans increased during the quarter. If the trend persists, higher provision charges will erode the 31% operating margin that currently supports the 12% ROE.
Yields risk resetting lower: Seasonal paydowns and higher prepayments already constrained loan growth this quarter, and as fixed-rate loans mature, yields may reset lower, compressing the very spread the bank depends on for earnings.

Valuation — source: SEC EDGAR (first-party)
Price	$73.03
Market Cap	$804.42M
P/E Ratio	12.0
EV / EBITDA	8.5
Price / Book	1.40
Price / Sales	2.81
FCF Yield	9.4%
DCF Value (model)	$102.62
DCF Upside vs Price	40.5%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$277.37M
Net Margin	21.1%
Revenue Growth (YoY)	1.5%
EPS Growth (YoY)	15.1%
FCF Growth (YoY)	25.6%

Valuation vs Sector & Industry
Stock P/E	12.0
Sector P/E (Financials)	14.9
Industry P/E (Banking)	12.7
vs Sector	-19.8%
vs Industry	-5.8%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	BlackRock, Inc. ($59.31M)
Institutional Holders Tracked	10

Company
Sector	Financials
Industry	Banking
CEO	Greg A. Steffens
Employees	693
Country	US
IPO Date	1994-04-12

Southern Missouri Bancorp, Inc. earnings call transcripts

SMBC Q2 FY26 earnings call transcript (reported 2026-01-21) · analysis

All SMBC earnings calls

Related Companies (Banking; 8 comparable banks)

Data as of 2026-09-02.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.