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

Southside Bancshares

25/07/2023 14:32

* Southside Bancshares Inc  SBSI.OQ  reported quarterly
adjusted
earnings of 81 cents​​ per share for the quarter ended in June.
The mean expectation of four analysts for the quarter was
for earnings of 69 cents per share.
    * Revenue rose 7% to $64.38 million from a year ago;
analysts
expected $65.50 million. 
    * Southside Bancshares Inc's reported EPS for the quarter
was 81
cents​.
    * The mean earnings estimate of analysts had fallen by
about 5.8%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * Southside Bancshares Inc shares had risen by 8.1% this
quarter and lost 21.5% so far this year.
    * The company reported quarterly net income of $24.89
million.
    * Wall Street's median 12-month price target for Southside
Bancshares Inc is $31.00 
    * 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 LSEG Refinitiv data July
25 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.69           0.81           Beat
 Mar. 31 2023      0.79           0.83           Beat
 Dec. 31 2022      0.85           0.87           Beat
 Sep. 30 2022      0.87           0.84           Missed