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, Feb. 01, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Southside Bancshares, Inc., (NASDAQ:SBSI), parent company of Southside Bank, approved a 2.9% increase to the regular quarterly cash dividend of $0.01, to $0.36 per common share and declared a regular quarterly cash dividend of $0.36 per common share. The cash dividend of $0.36 is scheduled for payment on February 29, 2024, to common stock shareholders of record on February 15, 2024.

Southside Bancshares, Inc. Increases and Declares Cash Dividend

Southside Bancshares, Inc. (SBSI) Q4 2023 Earnings Call Transcript

Southside Bancshares (SBSI) came out with quarterly earnings of $0.57 per share, missing the Zacks Consensus Estimate of $0.64 per share. This compares to earnings of $0.88 per share a year ago.

Southside Bancshares (SBSI) Lags Q4 Earnings and Revenue Estimates

TYLER, Texas, Jan. 26, 2024 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside” or the “Company”) (NASDAQ: SBSI) today reported its financial results for the quarter and year ended December 31, 2023. Southside reported net income of $17.3 million for the three months ended December 31, 2023, a decrease of $10.4 million, or 37.4%, compared to $27.7 million for the same period in 2022. Earnings per diluted common share decreased $0.30, or 34.5%, to $0.57 for the three months ended December 31, 2023, from $0.87 for the same period in 2022. The annualized return on average shareholders' equity for the three months ended December 31, 2023, was 9.31%, compared to 15.08% for the same period in 2022.  The annualized return on average assets was 0.85% for the three months ended December 31, 2023, compared to 1.47% for the same period in 2022.

Southside Bancshares, Inc. Announces Financial Results for the Fourth Quarter and Year Ended December 31, 2023

TYLER, Texas, Jan. 12, 2024 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside”) (NASDAQ: SBSI), the holding company for Southside Bank, announced today it will release its fourth quarter and year end financial results before the market opens on Friday, January 26, 2024. Southside will host a conference call to discuss its results on Friday, January 26, 2024 at 11:00 a.m. CST.

Southside Bancshares, Inc. Announces Fourth Quarter And Year End Earnings Call

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TYLER, Texas, Nov. 02, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Southside Bancshares, Inc., (NASDAQ:SBSI), parent company of Southside Bank declared a regular quarterly cash dividend of $0.35 per common share. In a separate action, the Board declared a special cash dividend of $0.02 per common share. The combined cash dividend of $0.37 is scheduled for payment on December 7, 2023, to common stock shareholders of record on November 22, 2023.

Southside Bancshares, Inc. Declares Fourth Quarter And Special Cash Dividends

Southside Bancshares, Inc. (SBSI) Q3 2023 Earnings Call Transcript

Southside Bancshares (SBSI) came out with quarterly earnings of $0.60 per share, missing the Zacks Consensus Estimate of $0.77 per share. This compares to earnings of $0.84 per share a year ago.

Southside Bancshares (SBSI) Q3 Earnings and Revenues Lag Estimates

TYLER, Texas, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside” or the “Company”) (NASDAQ: SBSI) today reported its financial results for the quarter ended September 30, 2023. Southside reported net income of $18.4 million for the three months ended September 30, 2023, a decrease of $8.5 million, or 31.5%, compared to $27.0 million for the same period in 2022. Earnings per diluted common share decreased $0.24, or 28.6%, to $0.60 for the three months ended September 30, 2023, from $0.84 for the same period in 2022. The annualized return on average shareholders' equity for the three months ended September 30, 2023, was 9.50%, compared to 14.23% for the same period in 2022. The annualized return on average assets was 0.93% for the three months ended September 30, 2023, compared to 1.43% for the same period in 2022.

Southside Bancshares, Inc. Announces Financial Results for the Third Quarter Ended September 30, 2023

Southside Bancshares (SBSI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Southside Bancshares (SBSI) to Report a Decline in Earnings: What to Look Out for

TYLER, Texas, Oct. 12, 2023 (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 26, 2023. Southside will host a conference call to discuss its results on Thursday, October 26, 2023 at 11:00 a.m. CDT.

Southside Bancshares, Inc. Announces Third Quarter Earnings Call

NEW YORK--(BUSINESS WIRE)-- #KBRA--On August 11, 2023, KBRA affirmed the senior unsecured debt rating of BBB+, the subordinated debt rating of BBB, and the short-term debt rating of K2 for Tyler, Texas-based Southside Bancshares, Inc. (NASDAQ: SBSI) (“the company”). KBRA also affirmed the deposit and senior unsecured debt ratings of A-, the subordinated debt rating of BBB+, and the short-term deposit and debt ratings of K2 for the bank subsidiary, Southside Bank. The Outlook for all long-term ratings i.

KBRA Releases Surveillance Report for Southside Bancshares, Inc.

Southside Bancshares (SBSI) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Will Southside Bancshares (SBSI) Gain on Rising Earnings Estimates?

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Southside Bancshares, Inc. (NASDAQ:SBSI ) Q2 2023 Earnings Conference Call July 25, 2023 12:00 PM ET Company Participants Lindsey Bailes - Vice President of Investor Relations Lee Gibson - President & Chief Executive Officer Julie Shamburger - Chief Financial Officer Conference Call Participants Brady Gailey - KBW Graham Dick - Piper Sandler Brett Rabatin - Hovde Group Matt Olney - Stephens Operator Good day, and thank you for standing by. And welcome to Southside Bancshares, Inc. Second Quarter 2023 Earnings Conference Call.

Southside Bancshares, Inc. (SBSI) Q2 2023 Earnings Call Transcript

Southside Bancshares (SBSI) came out with quarterly earnings of $0.82 per share, beating the Zacks Consensus Estimate of $0.69 per share. This compares to earnings of $0.79 per share a year ago.

Southside Bancshares (SBSI) Surpasses Q2 Earnings and Revenue Estimates

TYLER, Texas, July 25, 2023 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside” or the “Company”) (NASDAQ: SBSI) today reported its financial results for the quarter ended June 30, 2023. Southside reported net income of $24.9 million for the three months ended June 30, 2023, a decrease of $0.5 million, or 2.0%, compared to $25.4 million for the same period in 2022. Earnings per diluted common share increased $0.02, or 2.5%, to $0.81 for the three months ended June 30, 2023, from $0.79 for the same period in 2022. The annualized return on average shareholders' equity for the three months ended June 30, 2023 was 13.32%, compared to 13.33% for the same period in 2022.  The annualized return on average assets was 1.29% for the three months ended June 30, 2023, compared to 1.42% for the same period in 2022.

Southside Bancshares, Inc. Announces Financial Results for the Second Quarter Ended June 30, 2023

Earnings Preview: Southside Bancshares (SBSI) Q2 Earnings Expected to Decline

Southside Bancshares, Inc. (SBSI) Q1 2023 Earnings Call Transcript.

Southside Bancshares, Inc. (SBSI) Q1 2023 Earnings Call Transcript

Southside Bancshares (SBSI) came out with quarterly earnings of $0.84 per share, beating the Zacks Consensus Estimate of $0.82 per share. This compares to earnings of $0.79 per share a year ago.

Southside Bancshares (SBSI) Q1 Earnings Top Estimates

TYLER, Texas, April 25, 2023 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside” or the “Company”) (NASDAQ: SBSI) today reported its financial results for the quarter ended March 31, 2023. Southside reported net income of $26.0 million for the three months ended March 31, 2023, an increase of $1.0 million, or 4.2%, compared to $25.0 million for the same period in 2022. Earnings per diluted common share increased $0.06, or 7.8%, to $0.83 for the three months ended March 31, 2023, from $0.77 for the same period in 2022. The annualized return on average shareholders' equity for the three months ended March 31, 2023 was 13.92%, compared to 11.42% for the same period in 2022.  The annualized return on average assets was 1.38% for the three months ended March 31, 2023, compared to 1.40% for the same period in 2022.

Southside Bancshares, Inc. Announces Financial Results for the First Quarter Ended March 31, 2023

Southside Bancshares (SBSI) Reports Next Week: Wall Street Expects Earnings Growth

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