Southside Bancshares Inc reports results for the quarter ended in January 1 - Earnings Summary

Southside Bancshares

24/10/2024 17:00

* Southside Bancshares Inc  SBSI.OQ  reported quarterly
adjusted
earnings of 68 cents​​ per share for the quarter ended January
1, higher than the same quarter last year, when the company
reported EPS of 60 cents.  The mean expectation of
three analysts for the quarter was for earnings of 73 cents per
share. Wall Street expected results to range from 72 cents to 75
cents per share.
    * Revenue fell 0.7% to $63.64 million from a year ago;
analysts
expected $68.40 million. 
    * Southside Bancshares Inc's reported EPS for the quarter
was 68
cents​.
    * The company reported quarterly net income of $20.52
million.
    * Southside Bancshares Inc shares had risen by 0.4% this
quarter and gained 7.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 11.7%
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," 3
"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 $37.00 
This summary was machine generated from LSEG data October 24 at
04:00 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
 Sep. 30 2024      0.73           0.68           Missed
 Jun. 30 2024      0.64           0.81           Beat
 Mar. 31 2024      0.68           0.71           Beat
 Dec. 31 2023      0.67           0.57           Missed