Southside Bancshares Q2 2024 GAAP EPS $0.81 Beats $0.64 Estimate, Sales $65.165M Beat $64.845M Estimate

7/25/24 5:59:44 AM ET

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Southside Bancshares (NASDAQ:SBSI) reported quarterly earnings of $0.81 per share which beat the analyst consensus estimate of $0.64 by 26.56 percent. The company reported quarterly sales of $65.165 million which beat the analyst consensus estimate of $64.845 million by 0.49 percent. This is a 1.22 percent increase over sales of $64.380 million the same period last year.

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Recent Analyst Ratings for
$SBSI

Date	Price Target	Rating	Analyst
7/29/2024	$31.00 → $37.00	Market Perform	Hovde Group
5/9/2024	$35.00 → $31.00	Market Perform	Hovde Group
12/20/2021	$45.00	Equal-Weight	Stephens
7/26/2021	$42.00 → $39.00	Market Perform	Hovde Group

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Southside Bancshares, Inc. Declares Cash Dividend
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. About Southside Bancshares, Inc. Southside Bancshares, Inc. is a bank holding company headquartered in Tyler, Texas, with approximately $8.36 billion in assets as of September 30, 2024, that wholly-owns Southside Bank. Southside Bank currently operates 53 branches and a network of 72 ATMs/ITMs throughout East Texas, Southeast Texas and the
11/7/24 5:00:00 PM ET
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Southside Bancshares, Inc. Announces Transfer of Listing of Common Stock to the New York Stock Exchange
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. "We are excited to announce the transfer of Southside's stock listing to the NYSE," said Lee R. Gibson, Chief Executive Officer
11/4/24 9:00:00 AM ET
$SBSI
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Southside Bancshares, Inc. Announces Financial Results for the Third Quarter Ended September 30, 2024
Third quarter net income of $20.5 million;Third quarter earnings per diluted common share of $0.68;Annualized return on third quarter average assets of 0.98%;Annualized return on third quarter average tangible common equity of 13.69%(1); andNonperforming assets remain low at 0.09% of total assets. 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 p
10/24/24 5:45:00 AM ET
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Southside Bank Opens Commercial Loan Office in The Woodlands
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. Amos McDonald has been appointed as Southside Bank Market President for North Hous
9/3/24 4:15:00 PM ET
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Alton Frailey Appointed to Southside Bancshares, Inc. Board of Directors
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. Residing in the greater Houston area, Mr. Frailey is President of Alton L. Frailey & Associates, LLC, specializing in leadership development, community engagement, school board team building and executive
12/20/21 4:30:00 PM ET
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Southside Bancshares, Inc. Named A Top 10 Banking Powerhouse
TYLER, Texas, Jan. 12, 2021 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside”) (NASDAQ:SBSI), the holding company of Southside Bank, has been named one of the Top 10 Banking Powerhouses in America by Bank Director. The 2021 RankingBanking study of performance powerhouse banks (the “Study”) also ranked Southside as one of the top three banks in America for creating long-term value, named the board of directors the best in Texas, and identified Southside as the best bank to work for in Texas. According to the Federal Deposit Insurance Corporation, there are currently just over 5,000 federally-insured banking institutions in America. Bank Director, the leading information resource
1/12/21 9:15:00 AM ET
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Southside Bancshares, Inc. Declares Cash Dividend
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. About Southside Bancshares, Inc. Southside Bancshares, Inc. is a bank holding company headquartered in Tyler, Texas, with approximately $8.36 billion in assets as of September 30, 2024, that wholly-owns Southside Bank. Southside Bank currently operates 53 branches and a network of 72 ATMs/ITMs throughout East Texas, Southeast Texas and the
11/7/24 5:00:00 PM ET
$SBSI
Major Banks
Finance
Southside Bancshares, Inc. Announces Financial Results for the Third Quarter Ended September 30, 2024
Third quarter net income of $20.5 million;Third quarter earnings per diluted common share of $0.68;Annualized return on third quarter average assets of 0.98%;Annualized return on third quarter average tangible common equity of 13.69%(1); andNonperforming assets remain low at 0.09% of total assets. 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 p
10/24/24 5:45:00 AM ET
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Southside Bancshares, Inc. Announces Third Quarter Conference Call
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. The call will be hosted by Lee R. Gibson, CEO, Julie Shamburger, CFO, and Lindsey Bailes, VP, Investor Relations. Following prepared remarks there will be a question and answer session for the analyst community. The Conference Call Details The conference call can be accessed by webcast, for listen-only mode, h
10/10/24 4:15:00 PM ET
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Southside Bancshares Q2 2024 GAAP EPS $0.81 Beats $0.64 Estimate, Sales $65.165M Beat $64.845M Estimate

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Recent Analyst Ratings for $SBSI

$SBSI Press Releases

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Southside Bancshares, Inc. Declares Cash Dividend

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

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

$SBSI SEC Filings

SEC Form 25 filed by Southside Bancshares Inc.

Southside Bancshares Inc. filed SEC Form 8-K: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year, Financial Statements and Exhibits

SEC Form CERT filed by Southside Bancshares Inc.

$SBSI Insider Purchases

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$SBSI Market Insights

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Buie Herbert C bought $64,715 worth of shares (1,990 units at $32.52), increasing direct ownership by 0.49% to 407,501 units (SEC Form 4)

Sammons John F Jr bought $96,191 worth of shares (3,555 units at $27.06), increasing direct ownership by 11% to 30,576 units (SEC Form 4)

Southside Bancshares Q2 2024 GAAP EPS $0.81 Beats $0.64 Estimate, Sales $65.165M Beat $64.845M Estimate

On May 16, Southside Bancshares Appointed Keith Donahoe To Serve As Co's President

Southside Bancshares Q1 2024 GAAP EPS $0.71 Beats $0.68 Estimate, Sales $63.072M Miss $67.725M Estimate

$SBSI Leadership Updates

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Southside Bank Opens Commercial Loan Office in The Woodlands

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

Southside Bancshares, Inc. Named A Top 10 Banking Powerhouse

$SBSI Insider Trading

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Regional President, NTX Drennan Mark W covered exercise/tax liability with 33 shares, decreasing direct ownership by 0.53% to 6,243 units (SEC Form 4)

Regional President, ETX Green Jared C. covered exercise/tax liability with 53 shares, decreasing direct ownership by 1% to 4,179 units (SEC Form 4)

CAO Pinkley April covered exercise/tax liability with 76 shares, decreasing direct ownership by 3% to 2,892 units (SEC Form 4)

$SBSI Analyst Ratings

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Hovde Group reiterated coverage on Southside Banc with a new price target

Hovde Group reiterated coverage on Southside Banc with a new price target

Stephens initiated coverage on Southside Banc with a new price target

$SBSI Financials

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Southside Bancshares, Inc. Declares Cash Dividend

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

Southside Bancshares, Inc. Announces Third Quarter Conference Call

$SBSI Large Ownership Changes

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SEC Form SC 13G/A filed by Southside Bancshares Inc. (Amendment)

SEC Form SC 13G/A filed

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