Southside Bancshares Inc reports results for the quarter ended in December - Earnings Summary

Southside Bancshares

27/01/2023 14:30

* Southside Bancshares Inc  SBSI.OQ  reported quarterly
adjusted
earnings of 87 cents​​ per share for the quarter ended in
December. The mean expectation of four analysts for the quarter
was for earnings of 85 cents per share.
    * Revenue rose 12.8% to $67.61 million from a year ago;
analysts
expected $69.41 million. 
    * Southside Bancshares Inc's reported EPS for the quarter
was 87
cents​.
    * The mean earnings estimate of analysts had fallen by
about 0.9%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Southside Bancshares Inc shares had fallen by 0.6% this
quarter.
    * The company reported quarterly net income of $27.67
million.
    * Wall Street's median 12-month price target for Southside
Bancshares Inc is $36.75 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data January
27 at 02:30 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.85           0.87           Beat
 Sep. 30 2022      0.87           0.84           Missed
 Jun. 30 2022      0.76           0.79           Beat
 Mar. 31 2022      0.70           0.77           Beat