Southside Bancshares

Southside Bancshares, Inc. is a bank holding company, which engages in the provision of financial services to individuals, businesses, municipal entities, and non-profit organizations. It offers checking, saving and retirement accounts, certificate of deposits, debit, credit cards, mobile banking, loans, mortgage and equity lending, identity theft prevention, electronic banking, healthcare banking, and business loans. The company was founded on August 11, 1982 and is headquartered in Tyler, TX.

Earnings data Q1 2021

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Earnings data Q2 2023

Earnings data Q3 2023

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Southside Bancshares (SBSI) reports robust Q4 earnings and growth opportunities

Southside Bancshares (SBSI) demonstrated strong financial performance with solid earnings, efficient operations, and effective cost management.
The company's focus on asset quality, liquidity management, and risk mitigation strategies positions it well for future growth.
While facing challenges in sustaining loan growth and managing expenses, Southside Bancshares (SBSI) has opportunities to drive revenue expansion and enhance profitability.
Overall, Southside Bancshares (SBSI) shows resilience and strategic foresight in navigating market dynamics and maximizing shareholder value.

Southside Bancshares reports solid Q1 earnings amidst growth challenges

Southside Bancshares reported solid profitability metrics in Q1 2023, with net income of $26 million and an EPS of $0.83. Despite challenges in loan and deposit growth, the company maintains strong asset quality metrics and efficient capital allocation.
Strategic adjustments in pricing and liquidity measures reflect proactive management of challenges, while the focus on share repurchases demonstrates confidence in the company's financial strength. Opportunities exist for Southside Bancshares to capitalize on potential market demand and enhance shareholder value.
Challenges in loan and deposit growth require strategic initiatives to navigate competitive pressures effectively. The company anticipates ongoing challenges in deposit growth due to intense market competition, emphasizing the need for innovative strategies and proactive management.

Southside Bancshares posts solid Q2 results amidst growth opportunities

Southside Bancshares delivered a strong performance in Q2 2023, driven by solid loan growth and deposit expansion.
While facing challenges in noninterest income and expenses, the company aims to enhance operational efficiency.
Opportunities lie in continued loan growth, construction loan advances, and maintaining a balanced asset mix.

Southside Bancshares reports strong Q3 earnings, eyes future growth

Southside Bancshares delivered solid financial performance in Q3 2023, with strong asset quality and capital ratios.
While facing challenges such as provision for credit losses and margin compression, the company is well-positioned for future growth.
Opportunities lie in anticipated loan growth, deposit strategies, and managing deposit betas to mitigate risks.

Southside Bancshares posts solid Q4 earnings amidst growth opportunities

Southside Bancshares delivered a strong financial performance in Q4 2023, driven by solid loan growth and robust asset quality metrics.
While facing challenges in the securities portfolio and net interest margin, the company's strong deposit growth and capital ratios position it well for future opportunities.
By focusing on diversification, margin improvement, and cost efficiency, Southside Bancshares can navigate challenges and capitalize on growth prospects in 2024.
Investors should monitor the company's strategic initiatives and financial discipline to assess its ability to sustain profitability and drive shareholder value.

Southside Bancshares reports solid Q1 performance amidst growth challenges

Southside Bancshares' Q1 performance showed solid net income and return on equity.
Cost-saving initiatives and strategic planning highlight a focus on efficiency and growth.
Challenges include margin pressure, expense management, and revenue generation.
Opportunities lie in revenue enhancement, cost optimization, and strategic initiatives.

Southside Bancshares reports robust Q2 performance and outlines growth strategies

Southside Bancshares delivered a strong performance in Q2 2024, showcasing growth in net income, loans, and net interest margin, supported by effective cost-saving initiatives.
The company's focus on expense management, revenue diversification, and strategic expansion in lending markets highlights a commitment to sustainable growth and shareholder value creation.
While facing challenges in managing margin impact and expense control, Southside Bancshares is well-positioned to capitalize on opportunities for revenue growth and market expansion.

Southside Bancshares reports solid Q3 performance amidst growth opportunities

Southside Bancshares delivered a solid performance in Q3 2024, maintaining strong asset quality and capital ratios.
While facing challenges like a decrease in noninterest income and potential expense growth, the company remains optimistic about growth opportunities.
Anticipated M&A activity, focus on higher-yielding assets, and strategic initiatives position Southside Bancshares for future success.

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Southside Bancshares, Inc. is a bank holding company, which engages in the provision of financial services to individuals, businesses, municipal entities, and non-profit organizations. It offers checking, saving and retirement accounts, certificate of deposits, debit, credit cards, mobile banking, loans, mortgage and equity lending, identity theft prevention, electronic banking, healthcare banking, and business loans. The company was founded on August 11, 1982, and is headquartered in Tyler, TX.

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Southside Bancshares, Inc. (NASDAQ:SBSI ) Q2 2024 Earnings Conference Call July 25, 2024 12:00 PM ET Company Participants Suni Davis - CRO Lee Gibson - President and CEO Julie Shamburger - CFO Conference Call Participants Woody Lay - KBW Brett Rabatin - Hovde Matt Olney - Stephens Operator Good day, and thank you for standing by, and welcome to Southside Bancshares, Inc. Second Quarter 2024 Earnings Call. [Operator Instructions] Please be advised that today's conference is being recorded.

Southside Bancshares, Inc. (SBSI) Q2 2024 Earnings Call Transcript

TYLER, Texas, July 25, 2024 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside” or the “Company”) (NASDAQ: SBSI) today reported its financial results for the quarter ended June 30, 2024. Southside reported net income of $24.7 million for the three months ended June 30, 2024, a decrease of $0.2 million, or 0.9%, compared to $24.9 million for the same period in 2023. Earnings per diluted common share remained the same at $0.81 for both of the three-month periods ended June 30, 2024 and 2023. The annualized return on average shareholders' equity for the three months ended June 30, 2024, was 12.46%, compared to 13.32% for the same period in 2023.  The annualized return on average assets was 1.19% for the three months ended June 30, 2024, compared to 1.29% for the same period in 2023.

Southside Bancshares, Inc. Announces Financial Results for the Second Quarter Ended June 30, 2024

TYLER, Texas, July 11, 2024 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside”) (NASDAQ: SBSI), the holding company for Southside Bank, announced today it will release its second quarter financial results before the market opens on Thursday, July 25, 2024. Southside will host a conference call to discuss its results on Thursday, July 25, 2024, at 11:00 a.m. CDT.

Southside Bancshares, Inc. Announces Second Quarter Earnings Call

Southside Bancshares, Inc. (NASDAQ:SBSI ) Q1 2024 Earnings Conference Call April 25, 2024 12:00 PM ET Company Participants Lindsey Bailes - VP of IR Lee Gibson - President and CEO Julie Shamburger - CFO Conference Call Participants Brett Rabatin - Hovde Group Matt Olney - Stephens Woody Lay - KBW Operator Good day, and thank you for standing by. Welcome to the Southside Bancshares Fourth Quarter 2024 Earnings Call.

Southside Bancshares, Inc. (SBSI) Q1 2024 Earnings Call Transcript

Southside Bancshares (SBSI) came out with quarterly earnings of $0.71 per share, missing the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $0.84 per share a year ago.

Southside Bancshares (SBSI) Q1 Earnings and Revenues Lag Estimates

TYLER, Texas, April 25, 2024 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside” or the “Company”) (NASDAQ: SBSI) today reported its financial results for the quarter ended March 31, 2024. Southside reported net income of $21.5 million for the three months ended March 31, 2024, a decrease of $4.5 million, or 17.4%, compared to $26.0 million for the same period in 2023. Earnings per diluted common share decreased $0.12, or 14.5%, to $0.71 for the three months ended March 31, 2024, from $0.83 for the same period in 2023. The annualized return on average shareholders' equity for the three months ended March 31, 2024, was 11.02%, compared to 13.92% for the same period in 2023. The annualized return on average assets was 1.03% for the three months ended March 31, 2024, compared to 1.38% for the same period in 2023.

Southside Bancshares, Inc. Announces Financial Results for the First Quarter Ended March 31, 2024

TYLER, Texas, April 11, 2024 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside”) (NASDAQ: SBSI), the holding company for Southside Bank, announced today it will release its first quarter financial results before the market opens on Thursday, April 25, 2024. Southside will host a conference call to discuss its results on Thursday, April 25, 2024 at 11:00 a.m. CDT.

Southside Bancshares, Inc. Announces First Quarter Earnings Call

Southside Bancshares (SBSI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Southside Bancshares (SBSI) Upgraded to Strong Buy: What Does It Mean for the Stock?

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Southside Bancshares (SBSI) have what it takes?

Why Southside Bancshares (SBSI) is a Great Dividend Stock Right Now

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Why Southside Bancshares (SBSI) is a Top Dividend Stock for Your Portfolio

Southside Bancshares (SBSI) is a Top Dividend Stock Right Now: Should You Buy?

Southside Bancshares (SBSI) announces a quarterly dividend hike of 2.9%. Given the strong liquidity and balance sheet position, this looks sustainable.

Southside Bancshares (SBSI) Hikes Dividend Payout by 2.9%

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