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

Southside Bancshares

25/07/2024 15:21

* Southside Bancshares Inc  SBSI.OQ  reported quarterly
adjusted
earnings of 81 cents​​ per share for the quarter ended in
January, identical to the same quarter last year.  The mean
expectation of three analysts for the quarter was for earnings
of 64 cents per share. Wall Street expected results to range
from 63 cents to 65 cents per share.
    * Revenue rose 1.2% to $65.17 million from a year ago;
analysts
expected $64.84 million. 
    * Southside Bancshares Inc's reported EPS for the quarter
was 81
cents​.
    * The company reported quarterly net income of $24.67
million.
    * Southside Bancshares Inc shares had risen by 14.5% this
quarter and gained 1.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.5%
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 $31.00 
This summary was machine generated from LSEG data July 25 at
02:21 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
 Jun. 30 2024      0.64           0.81           Beat
 Mar. 31 2024      0.68           0.71           Beat
 Dec. 31 2023      0.67           0.57           Missed
 Sep. 30 2023      0.73           0.60           Missed