Southern Missouri Bancorp (SMBC) Registration Filing summary

Company overview and business model

• Operates as a bank holding company with a full-service community banking subsidiary, offering retail deposits and a range of loans and investments through 62 full-service branches and additional offices as of December 31, 2024.

• Regulated by the Missouri Division of Finance and the Federal Reserve Board; deposits insured by the FDIC.

• Principal activities include originating residential and commercial mortgage loans, business loans, construction loans, consumer loans, and investing in MBS and municipal bonds.

• As of December 31, 2024: total assets $4.9B, total loans $4.0B, total deposits $4.2B, stockholders' equity $512.4M.

Financial performance and metrics

• Financial and business information is incorporated by reference from recent SEC filings, including the Annual Report on Form 10-K for the fiscal year ended June 30, 2024, and the Quarterly Report on Form 10-Q for the period ended December 31, 2024.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used for general corporate purposes, including financing acquisitions, redeeming or repurchasing securities, funding subsidiaries, and repaying or refinancing debt.

• Proceeds may be temporarily invested or used to reduce indebtedness until allocated for corporate purposes.

• The timing and amount of use will depend on market conditions and funding needs.