Southern Missouri Bancorp Inc. announced consolidated preliminary earnings results for the first quarter ended September 30, 2009. The company reported preliminary results of net income available to common shareholders for the first quarter of fiscal 2010 of $1.1 million, an increase of $154,000, or 16.6%, as compared to $927,000 in net income available to common shareholders earned during the same period of the prior fiscal year. First quarter earnings were $0.52 per diluted common share, an increase of 23.8%, as compared to $0.42 per diluted common share earned during the same period of the prior fiscal year. The Company's net interest income for the three-month period ended September 30, 2009, was $4.1 million, an increase of $619,000, or 17.9%, as compared to the same period of the prior fiscal year. The increase reflected the company's growth initiatives, which resulted in a 17.1% increase in the average balance of interest-earning assets (and a 16.2% increase in interest-bearing liabilities), and an expansion of net interest rate spread. Return on average assets was 0.97% compared to 0.88% for the same period a year ago. Return on average common equity was 13.0% compared to 12.0% for the same period a year ago.

Southern Missouri Bancorp Inc., Annual General Meeting, Oct 19, 2009, at 09:00 Central Daylight. Location: Greater Poplar Bluff Area Chamber of Commerce Building, 1111 West Pine Street, Poplar Bluff, MO 63901, United States. Agenda: To approve the election of three directors, each for a term of three years; to approve the advisory (non-binding) resolution to approve executive compensation; and to approve the ratification of the appointment of BKD, LLP as company's independent auditors for the fiscal year ending June 30, 2010.

Southern Missouri Bancorp Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended June 30, 2009. Net income available to common shareholders for the fourth quarter was $902,000, a decrease of $128,000, or 12.4%, as compared to $1.0 million in net income available to common shareholders earned during the same period of the prior fiscal year. Fourth quarter earnings were $0.43 per diluted common share, a decrease of 6.5% as compared to $0.46 per diluted common share earned during the same period of the prior fiscal year. Before an effective dividend on preferred shares of $135,000, net income for the quarter ended June 30, 2009, was $1.0 million, an increase of $7,000, or 0.7%, compared to the same period of the prior fiscal year. The increase was due primarily to a $308,000 increase in net interest income, a $180,000 decrease in loan loss provisions, a $41,000 decrease in income tax provisions, and a $40,000 increase in noninterest income, mostly offset by a $563,000 increase in noninterest expense. Net interest income for the quarter was $3.6 million against $3.3 million reported last year. For the quarter return on average assets was 0.90% against 1.01% and return on average common equity was 11.2% against 13.3% reported in the same period last year. Net income available to common shareholders for fiscal 2009 was $3.5 million, a decrease of $67,000, or 1.9%, as compared to $3.6 million in net income available to common shareholders earned during the prior fiscal year. Earnings for the fiscal year were $1.67 per diluted common share, an increase of 2.5% as compared to $1.63 per diluted common share earned during the prior fiscal year. Before an effective dividend on preferred shares of $289,000, net income for the fiscal year ended June 30, 2009, was $3.8 million, an increase of $222,000, or 6.1%, compared to the prior fiscal year. The increase was due primarily to a $2.3 million increase in net interest income and a $63,000 decrease in income tax provisions, partially offset by a $1.3 million increase in noninterest expense, a $592,000 decrease in noninterest income, and a $280,000 increase in loan loss provisions. Net interest income for the year was $14.1 million against $11.8 million reported last year. For the quarter return on average assets was 0.87% against 0.92% and return on average common equity was 11.4% against 12.1% reported in the same period last year.