Earnings Call Summary | Southern Missouri Bancorp(SMBC.US) Q1 2024 Earnings Conference
Earnings Call Summary | Southern Missouri Bancorp(SMBC.US) Q1 2024 Earnings Conference
The following is a summary of the Southern Missouri Bancorp, Inc. (SMBC) Q1 2024 Earnings Call Transcript:
以下是南密苏里银行股份有限公司（SMBC）2024年第一季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
Southern Missouri Bancorp's net interest margin stabilized in the third quarter, with net interest income slightly above the previous quarter due to a larger average balance sheet.
The company increased its core earnings year-over-year in spite of a challenging rate environment and higher operating expenses.
The reported diluted earnings per share for the third quarter was $0.99.
A securities loss trade resulted in a loss of over $800,000 in non-interest income.
Tangible book value per share grew by 12.9% over the last 12 months, resulting in a value of $35.51.
Gross loans increased by $39 million quarter over quarter and by $291 million year over year.
南密苏里银行的净利率在第三季度趋于稳定，由于平均资产负债表扩大，净利息收入略高于上一季度。
尽管利率环境艰难，运营费用增加，但该公司的核心收益同比增长。
第三季度报告的摊薄后每股收益为0.99美元。
证券亏损交易导致非利息收入损失超过80万美元。
在过去的12个月中，每股有形账面价值增长了12.9％，价值为35.51美元。
贷款总额同比增长了3,900万美元，同比增长了2.91亿美元。
Business Progress:
业务进展：
The company strategically sold $18.4 million worth of bonds, reinvesting the proceedings into higher-yielding fixed-rate securities expected to recover the realized loss within 2 years.
The bank saw growth in various loan sectors, including commercial and residential real estate, multifamily, and filled construction.
Southern Missouri Bancorp has made modest stock repurchases, buying about 4,400 shares at an average price over $42. The bank has 302,000 shares remaining in its current repurchase authorization.
Despite a slight increase in some negatively-graded loans, the bank's asset quality remained strong, with loans past due decreasing compared to the previous quarter.
The company has been focused on recruiting community bankers in the new Kansas City and St. Louis markets, leading to a modest increase in non-interest expenses.
There are plans to explore merger and acquisition opportunities to expand in certain markets and potentially diversify into new platforms and offerings.
该公司战略性地出售了价值1,840万美元的债券，将这些资金再投资于收益率更高的固定利率证券，预计将在2年内收回已实现的亏损。
该银行的各个贷款领域均出现增长，包括商业和住宅房地产、多户住宅和填补建筑。
南密苏里银行进行了适度的股票回购，以超过42美元的平均价格购买了约4,400股股票。该银行目前的回购授权中还剩30.2万股股票。
尽管一些负评级的贷款略有增加，但该银行的资产质量仍然强劲，过期贷款与上一季度相比有所减少。
该公司一直专注于在堪萨斯城和圣路易斯的新市场招聘社区银行家，这导致非利息支出略有增加。
计划探索并购机会，在某些市场进行扩张，并有可能分散到新平台和产品领域。
More details: Southern Missouri Bancorp IR
更多详情： 南密苏里银行 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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译文内容由第三方软件翻译。