Southern Missouri Bancorp Inc (NASDAQ: SMBC) is a Midwest regional bank holding company that operates through its subsidiary bank to accept deposits and originate loans. It makes money primarily on net interest income, the spread between interest earned on loans and securities and interest paid on deposits and borrowings, supplemented by fee income from fiduciary and investment management services offered through its Southern Wealth Management division. The company also originates loans held for sale and records gains on those sales. Southern Missouri Bancorp derives substantially all of its revenue in the form of dividends from its subsidiary bank, as stated in its FY2025 10-K filed September 11, 2025. The bank holds certificates of deposit totaling $1.65 billion and Federal Home Loan Bank advances of $104.1 million as of June 30, 2025. The company has grown through acquisitions, including Fortune Financial Corporation in February 2022.

Revenue model

Net interest income from loan and securities portfolios, gains on sales of loans held for sale, fiduciary and investment management fees through Southern Wealth Management, and fee-based banking services. The holding company receives substantially all revenue as dividends from its subsidiary bank.

Products and services

Commercial and consumer lending, real estate loans (one-to-four family, construction, and other), certificates of deposit, deposit accounts, loans held for sale, fiduciary and investment management services (Southern Wealth Management division), and bank-owned life insurance (BOLI).

Customers and end markets

Retail and commercial banking customers in Midwest regional markets. End markets include real estate (residential and commercial), construction, and consumer lending. Customers include individual depositors, homebuyers, and commercial borrowers.

Value-chain role

Deposit-taking and lending intermediary. Originates, holds, and sells loans. Outsources some data processing to third-party providers. Offers trust and wealth management services as ancillary products.

Geographic exposure

Midwest United States regional footprint, with operations in diverse markets as described in the FY2025 10-K filed September 11, 2025. Specific state or branch count details are not provided in the available filing excerpts.

Source: SEC 10-K, filed 2025-09-11

Industry: Savings Institutions, Not Federally Chartered Peers: Greystone Housing Impact Investors LP Bridgewater Bancshares Inc Federal National Mortgage Association Greene County Bancorp Inc Guild Holdings Co loanDepot Inc Luther Burbank Corp Rocket Companies Inc