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.

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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.

TYLER, Texas, Nov. 07, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Southside Bancshares, Inc., (NASDAQ:SBSI), parent company of Southside Bank declared a regular quarterly cash dividend of $0.36 per common share. The cash dividend of $0.36 is scheduled for payment on December 6, 2024, to common stock shareholders of record on November 21, 2024.

Southside Bancshares, Inc. Declares Cash Dividend

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Southside Bancshares (SBSI) Stock Undervalued Right Now?

TYLER, Texas, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (NASDAQ: SBSI) (the “Company” or “Southside”), the parent company of Southside Bank, announced today that it is transferring the listing of its common stock to the New York Stock Exchange (“NYSE”) from the Nasdaq Global Select Market (“Nasdaq”). Southside's common stock is expected to begin trading on the NYSE on November 15, 2024, under the existing ticker symbol of “SBSI”. Southside expects its common stock to continue to trade on Nasdaq until the close of the market on November 14, 2024.

Southside Bancshares, Inc. Announces Transfer of Listing of Common Stock to the New York Stock Exchange

Loan growth will likely recover after the third quarter's poor performance. My optimism is based on the current condition of the local economy. Recent securities restructuring will lift the margin. However, interest rate cuts will pressure the margin. The December 2025 target price suggests an 11% price upside.

Southside Bancshares: Earnings Outlook Remains Positive, Maintaining A Buy Rating

Southside Bancshares, Inc. (NASDAQ:SBSI ) Q3 2024 Earnings Conference Call October 24, 2024 12:00 PM ET Company Participants Lindsey Bailes - VP, IR Lee Gibson - President and CEO Julie Shamburger - CFO Conference Call Participants Brett Rabatin - Hovde Wood Lay - KBW Matt Olney - Stephens Operator Ladies and gentlemen, thank you for standing by. Welcome to Southside Bancshares Third Quarter 2020 Earnings Call.

Southside Bancshares, Inc. (SBSI) Q3 2024 Earnings Call Transcript

TYLER, Texas, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside” or the “Company”) (NASDAQ: SBSI) today reported its financial results for the quarter ended September 30, 2024. Southside reported net income of $20.5 million for the three months ended September 30, 2024, an increase of $2.1 million, or 11.2%, compared to $18.4 million for the same period in 2023. Earnings per diluted common share increased $0.08, or 13.3%, to $0.68 for the three months ended September 30, 2024, from $0.60 for the same period in 2023. The annualized return on average shareholders' equity for the three months ended September 30, 2024, was 10.13%, compared to 9.50% for the same period in 2023. The annualized return on average assets was 0.98% for the three months ended September 30, 2024, compared to 0.93% for the same period in 2023.

Southside Bancshares, Inc. Announces Financial Results for the Third Quarter Ended September 30, 2024

TYLER, Texas, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside”) (NASDAQ: SBSI), the holding company for Southside Bank, announced today it will release its third quarter financial results before the market opens on Thursday, October 24, 2024. Southside will host a conference call to discuss its results on Thursday, October 24, 2024, at 11:00 a.m. CDT.

Southside Bancshares, Inc. Announces Third Quarter Conference 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).

All You Need to Know About Southside Bancshares (SBSI) Rating Upgrade to Strong Buy

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TYLER, Texas, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Southside Bank, a subsidiary of Southside Bancshares, Inc. (Nasdaq: SBSI), has announced the opening of a new Loan Production Office (LPO) at 9595 Six Pines Drive, Bld 8, Level 2, Ste 8210 in The Woodlands. The Bank indicated their new LPO, opened on September 3, 2024, will specifically target the Commercial & Industrial (C&I) sector and business owners in greater North Houston and the surrounding areas. This expansion represents Southside's continued commitment to providing exceptional financial solutions and strengthening their presence in key Texas markets.

Southside Bank Opens Commercial Loan Office in The Woodlands

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