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Southern Missouri Bancorp, Inc.

SMBC

2026 Q1

Financial Services

Impact of Contract Renegotiation on Expenses and Revenue Recovery

The company recognized $572,000 in expenses related to a significant contract renegotiation, which reduced after-tax net income by $444,000 in Q1 2026.
Management expects an less than 18-month earn-back period for the renegotiation expenses due to increased revenues from bank card interchange income.
The renegotiation was on a contingency basis and resulted in a favorable outcome, positively impacting future revenue streams.
Approximately $1 million in consulting expenses related to the contract renegotiation have been recognized, reflecting strategic cost management efforts.

Southern Missouri Bancorp, Inc.

SMBC

2025 Q4

Financial Services

3mo

Earnings Growth

$1.39 diluted EPS

We earned $1.39 diluted in the June quarter, which remained unchanged from the linked March quarter, but up $0.20 from the June 2024 quarter or about 17% growth year-over-year.

Mercantile Bank Corporation

MBWM

2025 Q3

Financial Services

Impact of Eastern Michigan Acquisition on Future Cost Savings and Integration Timeline

Management expects the core merger of Eastern Michigan Financial Corporation to be completed by February 2027, with most cost savings realized post-merger.
The acquisition is projected to generate double-digit earnings accretion but cause mid-single-digit tangible book value dilution.
Cost savings from the merger are anticipated to be more significant after the core conversion, with some initial expenses in 2026.
The delay in the full integration process is due to the planned core system conversion, which is set for early 2027.
Management highlighted that upfront costs related to the acquisition will be about $1 million in the fourth quarter, assuming closing by quarter-end.
The acquisition is expected to enhance the bank’s growth prospects and operational efficiency over the medium term.

Old Second Bancorp, Inc.

OSBC

2025 Q3

Financial Services

Impact of Evergreen Acquisition on Profitability and Capital Ratios

The acquisition of Bancorp Financial and Evergreen Bank Group significantly impacted Q3 earnings, with adjusted net income excluding acquisition-related costs reaching $28.4 million.
Day 2 provision on non-PCD loans related to Evergreen was $13.2 million pretax, highlighting the integration's immediate credit impact.
Despite the acquisition costs of $11.8 million, tangible book value increased, and the capital ratios remained resilient, with tangible equity ratio only declining by 42 basis points.
Management expects the earn-back period for the Evergreen deal to be significantly shorter than the initially estimated three years, due to strong performance and integration.
Loan purchase accounting accretion contributed $1.3 million, but is expected to be a small contributor going forward, indicating limited ongoing impact.
The acquisition has led to a substantial increase in total loans by $1.27 billion, primarily from the Evergreen deal, boosting net interest margin and profitability.

Old Second Bancorp, Inc.

OSBC

2025 Q2

Financial Services

3mo

Impact of Evergreen Bank Acquisition on Capital and Profitability

The acquisition of Evergreen Bank closed on July 1, 2025, and has resulted in less capital consumption than initially expected.
The company repurchased approximately 327,000 shares in a private transaction at $18 per share after the deal closure.
The acquisition has positively influenced book value and capital ratios, with a 144 basis point increase in tangible common equity over the past year.
Management emphasizes that the transaction's fair value adjustments are minimal, simplifying future financial reporting and integration efforts.

Community Healthcare Trust Incorporated

CHCT

2025 Q2

Financial Services

2mo

Revenue Impact from Interest Reversal

$1.7 million

Other operating interest revenue in the second quarter was negatively impacted by the reversal of $1.7 million of interest receivables from this tenant.

Civista Bancshares, Inc.

CIVB

2025 Q2

Financial Services

3mo

Impact of Core System Conversion on Leasing Division's Fee Income

A $757,000 positive nonrecurring adjustment related to the finalization of the leasing division's core system conversion contributed to second quarter results.
Excluding this adjustment, leasing fee income was lower, and the division's revenue was affected by the system upgrade.
Management expects leasing fee income to rebound in the second half of the year due to accelerated depreciation benefits and pipeline improvements.

Gladstone Land Corporation

LAND

2025 Q2

Financial Services

2mo

Impact of Lease Structure Modifications on Revenue Recognition

Lease renegotiations are ongoing, with plans to revert some leases back to fixed rents depending on crop performance and market conditions.
Participation rents are projected to generate most of the income in the fourth quarter, with some recognition spilling into 2026, impacting quarterly earnings patterns.
Management emphasizes that lease structures are flexible and subject to future negotiations, depending on crop yields, prices, and external factors.

Peoples Bancorp Inc.

PEBO

2025 Q3

Financial Services

Impact of Investment Securities Sales on Earnings and Portfolio Strategy

Peoples Bancorp sold approximately $75 million of investment securities at a loss of $2.7 million in Q3 2025, negatively impacting EPS by $0.06.
The sale was part of a strategic move to increase yields by divesting lower-yielding securities.
Management reinvested about half of the proceeds into higher-yielding securities, indicating a proactive yield enhancement approach.
The securities sale resulted in a recognized loss, but management views it as an opportunistic move to optimize the portfolio.
This activity reflects a broader strategy to manage interest rate risk and improve investment portfolio performance.

NBT Bancorp Inc.

NBTB

2025 Q2

Financial Services

2mo

Impact of the Evans Merger on Business and Capital Position

Post-merger, tangible book value per share increased by 9% to $24.57 as of June 30, 2025.
Tangible equity ratio recovered to pre-merger levels within 10 months.
Capital strength supports strategic growth initiatives and future M&A evaluations.

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Impact of Contract Renegotiation on Expenses and Revenue Recovery

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