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SBSI

Southside Bancshares Inc

$41.19

Earnings Summary

Revenue
$57.1Mn
Net Profits
$51.08Mn
Net Profit Margins
89.45%
PE Ratio
12.38

Highlights

Revenue:

Southside Bancshares Inc’s revenue jumped 1.41% since last year same period to $57.1Mn in the Q2 2022. On a quarterly growth basis, Southside Bancshares Inc has generated -3.79% fall in its revenue since last 3-months.

Net Profits:

Southside Bancshares Inc’s net profit jumped 139.61% since last year same period to $51.08Mn in the Q2 2022. On a quarterly growth basis, Southside Bancshares Inc has generated 104.34% jump in its net profits since last 3-months.

Net Profit Margins:

Southside Bancshares Inc’s net profit margin jumped 136.29% since last year same period to 89.45% in the Q2 2022. On a quarterly growth basis, Southside Bancshares Inc has generated 112.4% jump in its net profit margins since last 3-months.

PE Ratio:

Southside Bancshares Inc’s price-to-earnings ratio after this Q2 2022 earnings stands at 12.38.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the Southside Bancshares Inc post its latest quarter earnings

EPS Estimate Current Quarter
0.8
EPS Estimate Current Year
0.8

Highlights

EPS Estimate Current Quarter:

Southside Bancshares Inc’s earning per share (EPS) estimates for the current quarter stand at 0.8 - a 5.26% jump from last quarter’s estimates.

EPS Estimate Current Year:

Southside Bancshares Inc’s earning per share (EPS) estimates for the current year stand at 0.8.

Key Ratios

Key ratios of the Southside Bancshares Inc post its Q2 2022 earnings

Earning Per Share (EPS)
0.79
Return on Assets (ROA)
0.01
Return on Equity (ROE)
0.13
Dividend Per Share (DPS)
1.34

Highlights

Earning Per Share (EPS):

Southside Bancshares Inc’s earning per share (EPS) jumped 21.54% since last year same period to 0.79 in the Q2 2022. This indicates that the Southside Bancshares Inc has generated 21.54% annual rate of jump in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Southside Bancshares Inc’s return on assets (ROA) stands at 0.01.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Southside Bancshares Inc’s return on equity (ROE) stands at 0.13.

Dividend Per Share (DPS):

Southside Bancshares Inc declared 1.34 dividend per share during the earnings announcement for Q2 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-04-28
0.7
0.77
10%
2022-07-29
0.76
0.79
3.95%

Company Information

Southside Bancshares, Inc. is a bank holding company headquartered in Tyler, Texas, with approximately $7.19 billion in assets as of September 30, 2020. Through its wholly-owned subsidiary, Southside Bank, Southside currently operates 57 branches and a network of 79 ATMs/ITMs throughout East Texas, Southeast Texas, Dallas/Fort Worth and Austin. Serving customers since 1960, Southside Bank is a community-focused financial institution that offers a full range of financial products and services to individuals and businesses. These products and services include consumer and commercial loans, mortgages, deposit accounts, safe deposit boxes, treasury management, wealth management, trust services, brokerage services and an array of online and mobile services.

Organisation
Southside Bancshares Inc
Headquarters
Tyler, Texas, US
Employees
832
Industry
Finance
CEO
Lee Gibson