SBSISouthside Bancshares Inc
SBSI
Southside Bancshares Inc96
Mkt Cap
$982.43MVolume
135,741.0052W High
$34.5352W Low
$26.32PE Ratio
14.54SBSI Fundamentals
Price
$34.35Prev Close
$33.03Open
$32.9250D MA
$31.71Beta
0.79Avg. Volume
87,287.96EPS (Annual)
$2.29P/B
1.20Rev/Employee
$536,313.70$1,571.57
Poll
Earnings Recap
• Reported GAAP EPS of $0.78 up 9.86% YoY • Reported revenue of $70.28M up 9.69% YoY • Southside Bancshares Inc. expects further savings on funding costs during the second quarter after the redemption in February of its $93 million subordinated notes due 2030, which had an interest rate of 7.51%.
Bullish
Southside Bancshares Inc. achieved increased net income and diluted EPS, driven by strong loan growth and an improved net interest margin. Asset quality also improved with a significant decrease in nonperforming assets.
Bearish
Southside Bancshares Inc. faced increased noninterest expense and a higher provision for credit losses. The company also saw a rise in brokered deposits and a decrease in retail deposits, with 38.4% uninsured deposits.