Southern Missouri Bancorp, Inc. reported unaudited consolidated earnings results for the fourth quarter ended June 30, 2018. For the quarter, the company reported net interest income of $15,903,000 against $13,542,000 a year ago. Total interest income was $20,147,000 against $16,345,000 a year ago. Net income available to common stockholders was $5,636,000 against $3,713,000 a year ago. Basic and diluted earnings per common share were $0.63 against diluted per share of $0.49 per share a year ago. Return on average assets was 1.21% against 0.97% a year ago. Return on average common stockholders' equity was 11.4% against 10.5% a year ago.

For the full year, the company preliminary reported earnings of $2.39 per diluted share, up from $2.07 a year ago. That's an increase of $0.32 or 15.5%. That improvement is attributable to a good year-over-year increase in earning assets, the result of acquisitions and organic growth, slight core margin expansion, additional discount accretion and improvements in company core noninterest income and noninterest expense.

For the year 2019, the company continues to expect an 18% to 20% effective tax rate in the new fiscal year.