EX-11 5 ex-11.htm ex-11.htm
EXHIBIT 11
 
Statement Regarding Computation of Per Share Earnings
 
SOUTHERN MISSOURI BANCORP, INC. AND SUBSIDIARY
 
STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS
 
   
Year Ended June 30,
 
   
2014
   
2013
   
2012
 
                   
Basic
   Average shares outstanding
    3,308,180       3,291,440       2,796,279  
                         
   Net income
  $ 10,081,101     $ 10,067,215     $ 10,098,263  
   Less: effective dividend on preferred shares
    -       -       94,365  
   Less: effective dividend on preferred shares
    200,000       345,115       424,184  
   Net income available to common stockholders
  $ 9,881,101     $ 9,722,100     $ 9,579,714  
   Basic earnings per share available to common
      stockholders
  $ 2.99     $ 2.95     $ 3.43  
                         
Diluted
   Average shares outstanding
    3,308,180       3,291,440       2,796,279  
   Net effect of dilutive securities – based on the
      treasury stock method using the period end market
      price, if greater than average market price
    92,027       84,113       92,634  
       Total
    3,400,207       3,375,553       2,888,913  
                         
   Net income
  $ 10,081,101     $ 10,067,215     $ 10,098,263  
   Less: effective dividend on preferred shares
    -       -       94,365  
   Less: effective dividend on preferred shares
    200,000       345,115       424,184  
   Net income available to common stockholders
  $ 9,881,101     $ 9,722,100     $ 9,579,714  
   Diluted earnings per share available to common
      stockholders
  $ 2.91     $ 2.88     $ 3.32