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, Southern Bank, serving customers through 62 full-service branches, two limited-service branches, and two loan production offices as of December 31, 2024.

• Engages in attracting retail deposits and wholesale funding to invest in residential and commercial mortgage loans, business loans, construction loans, consumer loans, and permissible securities.

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

• Reported total assets of $4.9 billion, total loans of $4.0 billion, total deposits of $4.2 billion, and stockholders' equity of $512.4 million as of December 31, 2024.

Financial performance and metrics

• Financial information and risk factors are incorporated by reference from the Annual Report on Form 10-K for the fiscal year ended June 30, 2024, and subsequent quarterly and current reports.

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 other purposes.