Southside Bancshares Inc reports results for the quarter ended December 31 - Earnings Summary

• Southside Bancshares Inc SBSI.N reported quarterly adjusted earnings of 71 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 57 cents. The mean expectation of four analysts for the quarter was for earnings of 72 cents per share. Wall Street expected results to range from 70 cents to 73 cents per share.

• Revenue rose 15.8% to $65.99 million from a year ago; analysts expected $68.12 million.

• Southside Bancshares Inc's reported EPS for the quarter was 71 cents​.

• The company reported quarterly net income of $21.79 million.

• Southside Bancshares Inc shares had risen by 2.9% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.2% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the banks peer group is also "hold"

Wall Street's median 12-month price target for Southside Bancshares Inc is $38.00

This summary was machine generated from LSEG data January 29 at 02:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)