Southern Missouri Bancorp (SMBC) delivered earnings and revenue surprises of 6.45% and 0.21%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
Poplar Bluff, Missouri, April 29, 2024 (GLOBE NEWSWIRE) -- Southern Missouri Bancorp, Inc. (“Company”) (NASDAQ: SMBC), the parent corporation of Southern Bank (“Bank”), today announced preliminary net income for the third quarter of fiscal 2024 of $11.3 million, an increase of $8.9 million or 369%, as compared to the same period of the prior fiscal year. The increase was attributable primarily to the Citizens Bancshares, Co., Kansas City, Missouri (“Citizens”) merger related charges that reduced
Jefferies (JEF) furthers its strategic alliance with SMBC in the Canadian market to capitalize on enhanced M&A opportunities. With this move, the company seeks to gain a competitive edge in the Canada region.