Southside Bancshares, Inc.

SBSI

US84470P1093

Banks

Market Closed - Nasdaq Other stock markets 16:00:00 2024-07-16 EDT			5-day change	1st Jan Change
31.11 ^USD	+4.71%		+15.31%	-0.67%

05-17	Southside Bancshares, Inc. Names Keith Donahoe as New President	CI
05-09	Southside Bancshares, Inc. Declares Regular Quarterly Cash Dividend, Payable on June 6, 2024	CI

Southside Bancshares, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022

January 27, 2023 at 05:45 am

Southside Bancshares, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported net interest income was USD 56.84 million compared to USD 49.4 million a year ago. Net income was USD 27.67 million compared to USD 28.69 million a year ago. Basic earnings per share from continuing operations was USD 0.87 compared to USD 0.89 a year ago. Diluted earnings per share from continuing operations was USD 0.87 compared to USD 0.88 a year ago.
For the full year, net interest income was USD 212.34 million compared to USD 189.56 million a year ago. Net income was USD 105.02 million compared to USD 113.4 million a year ago. Basic earnings per share from continuing operations was USD 3.27 compared to USD 3.48 a year ago. Diluted earnings per share from continuing operations was USD 3.26 compared to USD 3.47 a year ago.

Latest news about Southside Bancshares, Inc.

Southside Bancshares, Inc. Names Keith Donahoe as New President	05-17	CI
Southside Bancshares, Inc. Declares Regular Quarterly Cash Dividend, Payable on June 6, 2024	05-09	CI
Tranche Update on Southside Bancshares, Inc.'s Equity Buyback Plan announced on July 25, 2023.	04-26	CI
Transcript : Southside Bancshares, Inc., Q1 2024 Earnings Call, Apr 25, 2024	04-25
Earnings Flash (SBSI) SOUTHSIDE BANCSHARES Posts Q1 Revenue $65.8M	04-25	MT
North American Morning Briefing : More Tech -2-	04-25	DJ
Southside Bancshares, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	04-25	CI
Southside Bancshares, Inc. and Southside Bank Announce Management Changes	03-06	CI
Southside Bancshares Insider Sold Shares Worth $450,932, According to a Recent SEC Filing	03-06	MT
Southside Bancshares Ups Quarterly Dividend 2.9% to $0.36 per Share, Payable Feb. 29 to Shareholders of Record Feb. 15	02-01	MT
Southside Bancshares, Inc. Increases Regular Quarterly Cash Dividend, Payable on February 29, 2024	02-01	CI
Transcript : Southside Bancshares, Inc., Q4 2023 Earnings Call, Jan 26, 2024	01-26
Tranche Update on Southside Bancshares, Inc.'s Equity Buyback Plan announced on July 25, 2023.	01-26	CI
Southside Bancshares Q4 Earnings, Revenue Fall	01-26	MT
North American Morning Briefing : Intel Drags Down -2-	01-26	DJ
Southside Bancshares, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	01-26	CI
Southside Bancshares, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	01-26	CI
Southside Bancshares, Inc. Appoints William Sheehy and Herbert C. Buie as Director Emeritus	12-26	CI
Southside Bancshares, Inc. Declares Fourth Quarter 2023 Cash Dividend on Common Shares, Payable on December 7, 2023	11-02	CI
Southside Bancshares, Inc. Declares Special Cash Dividend, Payable on December 7, 2023	11-02	CI
Transcript : Southside Bancshares, Inc., Q3 2023 Earnings Call, Oct 26, 2023	23-10-26
Tranche Update on Southside Bancshares, Inc.'s Equity Buyback Plan announced on July 25, 2023.	23-10-26	CI
Bond Yields, Middle East Turmoil Drag Exchange-Traded Funds, Equity Futures Lower Pre-Bell Thursday	23-10-26	MT
Southside Bancshares Q3 Earnings, Revenue Fall	23-10-26	MT
North American Morning Briefing : Nasdaq Futures -2-	23-10-26	DJ

Chart Southside Bancshares, Inc.

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Company Profile

Southside Bancshares, Inc. is a bank holding company for Southside Bank. The Company operates through approximately 55 branches, 13 of which are located in grocery stores, in addition to wealth management and trust services, and/or loan production, brokerage or other financial services offices. It is a community-focused financial institution that offers a full range of financial services to individuals, businesses, municipal entities and nonprofit organizations in the communities that it serves. Its consumer loan services include 1-4 family residential loans, home equity loans, home improvement loans, automobile loans and other consumer related loans. Its commercial loan services include commercial real estate loans and municipal loans. The Company's trust and wealth management services include investment management, administration of irrevocable, revocable and testamentary trusts, and custodian services, primarily for individuals and, to a lesser extent, partnerships and corporations.

Sector

Banks

Calendar

2024-07-25 - Q2 2024 Earnings Release

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Russell 2000

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Ratings for Southside Bancshares, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

31.11 USD

Average target price

31.33 USD

Spread / Average Target

+0.72%

Consensus

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Quarterly earnings - Rate of surprise

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