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.

Southside Bancshares, Inc. (SBSI) CEO Lee Gibson on Q4 2021 Results - Earnings Call Transcript

Southside Bancshares (SBSI) delivered earnings and revenue surprises of 17.33% and 2.70%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Southside Bancshares (SBSI) Q4 Earnings and Revenues Beat Estimates

TYLER, Texas, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside” or the “Company”) (NASDAQ: SBSI) today reported its financial results for the quarter and year ended December 31, 2021. Southside reported net income of $28.7 million for the three months ended December 31, 2021, a decrease of $0.9 million, or 3.0%, compared to $29.6 million for the same period in 2020. Earnings per diluted common share were $0.88 for the three months ended December 31, 2021, compared to $0.89 for the same period in 2020. The annualized return on average shareholders' equity for the three months ended December 31, 2021 was 12.67%, compared to 13.77% for the same period in 2020.  The annualized return on average assets was 1.57% for the three months ended December 31, 2021, compared to 1.64% for the same period in 2020.

Southside Bancshares, Inc. Announces Financial Results for the Fourth Quarter and Year Ended December 31, 2021

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.

Earnings Preview: Southside Bancshares (SBSI) Q4 Earnings Expected to Decline

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Southside Bancshares has invested half of its assets in cash and securities. The loan book represents just $3.6B of the $7.1B balance sheet.

Southside Bancshares: A Quality Bank, But A Bit Too Expensive Right Now

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TYLER, Texas, Dec. 20, 2021 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (the “Company”) (NASDAQ:SBSI), the holding company of Southside Bank (the “Bank”), announced the appointment of Alton L. Frailey to the Company's board of directors on November 24, 2021, effective January 1, 2022, increasing the size of the Company's board to 17 members. Mr. Frailey was also appointed to the Bank's board of directors, effective January 1, 2022, increasing the size of the Bank board to 18 members.

Alton Frailey Appointed to Southside Bancshares, Inc. Board of Directors

Southside Bancshares (SBSI) has been struggling lately, but the selling pressure may be coming to an end soon.

Southside Bancshares (SBSI) Sees Hammer Chart Pattern: Time to Buy?

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WAFD, TTE, and SBSI made it to the Zacks Rank #1 (Strong Buy) income stocks list on December 3, 2021.

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Southside Bancshares (SBSI) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

What Makes Southside Bancshares (SBSI) a New Strong Buy Stock

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Powell hinting a faster pace of tapering might result in an earlier-than-expected rate hike. Hancock Whitney (HWC), HomeStreet (HMST) and Southside Bancshares (SBSI) are poised to benefit.

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Southside Bancshares (SBSI)'s Technical Outlook is Bright After Key Golden Cross

Southside Bancshares, Inc. (SBSI) CEO Lee Gibson on Q3 2021 Results - Earnings Call Transcript

Southside Bancshares (SBSI) delivered earnings and revenue surprises of 40.63% and 6.04%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Southside Bancshares (SBSI) Q3 Earnings and Revenues Surpass Estimates

Southside Bancshares (NASDAQ:SBSI) reported its Q3 earnings results on Tuesday, October 26, 2021 at 06:00 AM. Here's what investors need to know about the announcement.

Recap: Southside Bancshares Q3 Earnings

TYLER, Texas, Oct. 26, 2021 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside” or the “Company”) (NASDAQ: SBSI) today reported its financial results for the quarter ended September 30, 2021. Southside reported net income of $29.3 million for the three months ended September 30, 2021, an increase of $2.2 million, or 8.2%, compared to $27.1 million for the same period in 2020. Earnings per diluted common share were $0.90 and $0.82 for the three months ended September 30, 2021 and 2020, respectively. The annualized return on average shareholders' equity for the three months ended September 30, 2021 and 2020 was 12.89%. The annualized return on average assets was 1.61% for the three months ended September 30, 2021, compared to 1.48% for the same period in 2020.

Southside Bancshares, Inc. Announces Financial Results for the Third Quarter Ended September 30, 2021

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I remain cautious about equity valuations. Bank valuations today are in line with historic averages.

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TYLER, Texas, Aug. 20, 2021 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc., (NASDAQ:SBSI) (the “Company”), the holding company of Southside Bank, announced today that the Company has delivered a redemption notice to Wilmington Trust, National Association, as trustee (the “Trustee”), to give notice of redemption as of August 24, 2021 to each holder of the Company's outstanding 5.50% Fixed-to-Floating Rate Subordinated Notes due 2026 (the “Notes”) in the aggregate principal amount of $100 million with a redemption date of September 30, 2021 (the “Redemption Date”). The Notes will be redeemed in full at 100% of the principal amount plus any accrued and unpaid interest up to, but excluding, the Redemption Date. Interest on the Notes will cease to accrue on and after the Redemption Date.

Southside Bancshares, Inc. Announces Call for Redemption of 5.50% Fixed-to-Floating Rate Subordinated Notes Due 2026

Southside Bancshares has a strong balance sheet with a low nonperforming assets to total assets ratio. The bank grew earnings in 2020 despite the challenging conditions.

Southside Bancshares: Strong Balance Sheet And Tailwinds

Southside Bancshares, Inc. (SBSI) CEO Lee Gibson on Q2 2021 Results - Earnings Call Transcript

Southside Bancshares (SBSI) delivered earnings and revenue surprises of -7.14% and -1.87%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Southside Bancshares (SBSI) Misses Q2 Earnings and Revenue Estimates

Shares of Southside Bancshares (NASDAQ:SBSI) remained unaffected after the company reported Q2 results. Quarterly Results Earnings per share were unchanged year over year to $0.65, which missed the estimate of $0.69.

Recap: Southside Bancshares Q2 Earnings

TYLER, Texas, July 23, 2021 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside” or the “Company”) (NASDAQ: SBSI) today reported its financial results for the quarter ended June 30, 2021. Southside reported net income of $21.3 million for the three months ended June 30, 2021, a decrease of $0.2 million, or 1.1%, compared to $21.6 million for the same period in 2020. Earnings per diluted common share were $0.65 for the three months ended June 30, 2021 and 2020. The annualized return on average shareholders' equity for the three months ended June 30, 2021 was 9.73%, compared to 10.82% for the same period in 2020. The annualized return on average assets was 1.20% for the three months ended June 30, 2021, compared to 1.17% for the same period in 2020.

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