Southern Missouri Bancorp Reports Preliminary Fiscal 2013 Second Quarter And Year-to-date Results, Declares Dividend Of $0.15 Per Common Share, Schedules Conference Call To Discuss Results For January 29 At 3:30pm CST

Poplar Bluff, Missouri, Jan. 25, 2013 (GLOBE NEWSWIRE) -- Highlights:

·         Preliminary fiscal year 2013 second quarter earnings per common share (diluted) reported at $.72, down from $.95 in the year ago period, as average fully-diluted common shares outstanding increased from 2.7 million in the year ago period to 3.4 million in the current quarter, and net income available to common shareholders decreased to $2.4 million, as compared to $2.6 million in the year ago period.  The increase in average shares outstanding was a result of the common stock offering completed in November 2011.  Earnings per common share (diluted) were up $.01, as compared to the $.71 earned in the first quarter of fiscal 2013, the linked quarter.

·         For the second quarter of fiscal 2013, the Company generated an annualized return on average assets of 1.32% and an annualized return on average common equity of 12.5%, as compared to 1.44% and 17.1%, respectively, for the same period of the prior year.  In the first quarter of fiscal 2013, the linked quarter, the annualized return on average assets was 1.41%, and the annualized return on average common equity was 12.6%. 

·         Net interest margin for the second quarter of fiscal 2013 was 4.17%, up from the 4.12% reported for the year ago period, but down from the net interest margin of 4.30% for the first quarter of fiscal 2013, the linked quarter.

·         Noninterest income was up 24.3% for the second quarter of fiscal 2013, compared to the year ago period, and up 5.5% from the first quarter of fiscal 2013, the linked quarter.

·         Noninterest expense was up 14.3% for the second quarter of fiscal 2013, compared to the year ago period, and up 7.6% from the first quarter of fiscal 2013, the linked quarter.

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