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