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,
	2012		2011		2010
Basic    Average shares outstanding		2,796,279		2,088,833		2,083,458
Net income	$	10,098,263	$	11,470,031	$	4,625,588
Less: effective dividend on preferred shares		94,365		-		-
Less: effective dividend on preferred shares		424,184		511,814		510,006
Net income available to common stockholders	$	9,579,714	$	10,958,217	$	4,115,582
Basic earnings per share available to common       stockholders	$	3.43	$	5.25	$	1.98
Diluted    Average shares outstanding		2,796,279		2,088,833		2,083,458
Net effect of dilutive stock options - based on the       treasury stock method using the period end market       price, if greater than average market price		92,634		52,258		21,834
Total		2,888,913		2,141,091		2,105,292
Net income	$	10,098,263	$	11,470,031	$	4,625,588
Less: effective dividend on preferred shares		94,365		-		-
Less: effective dividend on preferred shares		424,184		511,814		510,006
Net income available to common stockholders	$	9,579,714	$	10,958,217	$	4,115,582
Diluted earnings per share available to common       stockholders	$	3.32	$	5.12	$	1.95