Southern Missouri Bancorp Inc 2025年季度报告

FORM 10-Q (Mark One)☐QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the quarterly period ended December 31, 2024 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 Commission file number0-23406 Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that theregistrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes☐No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data filerequired to be submitted pursuant to Rule 405 of regulation S-T (§232.405 of this chapter) during the preceding12 months (or for such shorter period that the registrant was required to submit such files). Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definition of “large accelerated filer,” “accelerated filer,” and“smaller reporting company” in Rule 12b-2 of the Exchange Act (check one): Large accelerated filer☐Accelerated filer☐Non-accelerated filer☐Smaller reportingcompany☐Emerging growthcompany☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extendedtransition period for complying with any new or revised financial accounting standards provided pursuant to section13(a) of the Exchange Act. ☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12 b-2 of theExchange Act) Yes☐No☐ Indicate the number of shares outstanding of each of the registrant’s classes of common stock, as of thelatest practicable date: ClassOutstanding at February 7, 2025Common Stock, Par Value $.0111,277,167 shares SOUTHERN MISSOURI BANCORP, INC.FORM 10-Q INDEX PART I.Financial InformationPAGE NO.Item 1.Condensed Consolidated Financial Statements3-Condensed Consolidated Balance Sheets3-Condensed Consolidated Statements of Income4-Condensed Consolidated Statements of Comprehensive Income5-Condensed Consolidated Statements of Stockholders’ Equity6-Condensed Consolidated Statements of Cash Flows7-Notes to Condensed Consolidated Financial Statements8Item 2.Management’s Discussion and Analysis of Financial Condition and Results ofOperations45Item 3.Quantitative and Qualitative Disclosures about Market Risk62Item 4.Controls and Procedures65PART II.OTHER INFORMATION66Item 1.Legal Proceedings66Item 1a.Risk Factors66Item 2.Unregistered Sales of Equity Securities and Use of Proceeds66Item 3.Defaults upon Senior Securities66Item 4.Mine Safety Disclosures66Item 5.Other Information66Item 6.Exhibits67-Signature Page69 PART I:Item 1: Condensed Consolidated Financial Statements SOUTHERN MISSOURI BANCORP, INC.CONDENSED CONSOLIDATED BALANCE SHEETSDECEMBER 31, 2024 AND JUNE 30, 2024 SOUTHERN MISSOURI BANCORP, INCCONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOMEFOR THE THREE- AND SIX- MONTH PERIODS ENDED DECEMBER 31, 2024 AND 2023 (Unaudited) SOUTHERN MISSOURI BANCORP, INCCONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITYFOR THE THREE- AND SIX- MONTH PERIODS ENDED DECEMBER 31, 2024 AND 2023 (Unaudited) SOUTHERN MISSOURI BANCORP, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) Note 1: Basis of Presentation The accompanying unaudited interim condensed consolidated financial statements have been prepared in accordancewith accounting principles generally accepted in the United States of America for interim financial information andwith the instructions to Form 10-Q and Rule 10-01 of Securities and Exchange Commission (“SEC”) RegulationSX. Accordingly, they do not include all of the information and footnotes required by accounting principlesgenerally accepted in the United States of America for complete financial statements. In the opinion of management,all material adjustments (consisting only of normal recurring accruals) considered necessary for a fair presentationhave been included. The condensed consolidated balance sheet of the Company as of June 30, 2024, has beenderived from the audited consolidated balance sheet of the Company as of that date. Operating results for the three-and six- month periods ended December 31, 2024, are not necessarily indicative of the results that may be expectedfor the entire fiscal year. For additional information, refer to the audited consolidated financial statements includedin the Company’s June 30, 2024, Form 10-K, which was filed with the SEC. The accompanying condensed consolidated financial statements include the accounts of the Company and itswholly-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated inconsolidation. Certain amounts reported