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:
以下是南密蘇里銀行股份有限公司（SMBC）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
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.
南密蘇里銀行的淨利率在第三季度趨於穩定，由於平均資產負債表擴大，淨利息收入略高於上一季度。
儘管利率環境艱難，運營費用增加，但該公司的核心收益同比增長。
第三季度報告的攤薄後每股收益爲0.99美元。
證券虧損交易導致非利息收入損失超過80萬美元。
在過去的12個月中，每股有形賬面價值增長了12.9％，價值爲35.51美元。
貸款總額同比增長了3,900萬美元，同比增長了2.91億美元。
Business Progress:
業務進展：
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.
該公司戰略性地出售了價值1,840萬美元的債券，將這些資金再投資於收益率更高的固定利率證券，預計將在2年內收回已實現的虧損。
該銀行的各個貸款領域均出現增長，包括商業和住宅房地產、多戶住宅和填補建築。
南密蘇里銀行進行了適度的股票回購，以超過42美元的平均價格購買了約4,400股股票。該銀行目前的回購授權中還剩30.2萬股股票。
儘管一些負評級的貸款略有增加，但該銀行的資產質量仍然強勁，過期貸款與上一季度相比有所減少。
該公司一直專注於在堪薩斯城和聖路易斯的新市場招聘社區銀行家，這導致非利息支出略有增加。
計劃探索併購機會，在某些市場進行擴張，並有可能分散到新平台和產品領域。
More details: Southern Missouri Bancorp IR
更多詳情： 南密蘇里銀行 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.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。