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

Southside Bancshares

26/01/2024 14:31

* Southside Bancshares Inc  SBSI.OQ  reported quarterly
adjusted
earnings of 57 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 87 cents.  The mean expectation of
four analysts for the quarter was for earnings of 67 cents per
share. Wall Street expected results to range from 64 cents to 72
cents per share.
    * Revenue fell 15.7% to $56.99 million from a year ago;
analysts
expected $64.82 million. 
    * Southside Bancshares Inc's reported EPS for the quarter
was 57
cents​.
    * The company reported quarterly net income of $17.32
million.
    * Southside Bancshares Inc shares had fallen by 0.9% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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." 
    * The average consensus recommendation for the banks peer
group is
also "hold"

Wall Street's median 12-month price target for Southside
Bancshares Inc is $32.90 
This summary was machine generated from LSEG data January 26 at
02:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.67           0.57           Missed
 Sep. 30 2023      0.73           0.60           Missed
 Jun. 30 2023      0.69           0.81           Beat
 Mar. 31 2023      0.79           0.83           Beat