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Southside Bancshares(SBSI) - 2024 Q3 - Quarterly Results
2024-10-23 22:38
EXHIBIT 99.1 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%; (1) • Annualized return on third quarter average tangible common equity of 13.69% ; and • Nonperforming assets remain low at 0.09% of total assets. Tyler, Texas (October 24, 2024) Southside Bancshares, Inc. ("Southside" or the "Co ...
Southside Bancshares, Inc. Announces Third Quarter Conference Call
GlobeNewswire News Room· 2024-10-10 20:15
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 ...
All You Need to Know About Southside Bancshares (SBSI) Rating Upgrade to Strong Buy
ZACKS· 2024-09-26 17:01
Southside Bancshares (SBSI) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. Individu ...
Southside Bank Opens Commercial Loan Office in The Woodlands
GlobeNewswire News Room· 2024-09-03 20:15
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 commitm ...
Southside Bancshares(SBSI) - 2024 Q2 - Quarterly Report
2024-07-26 18:33
Table of Contents FORM 10-Q (Mark One) OR Commission file number: 000-12247 903-531-7111 (Registrant's telephone number, including area code) Securities Registered Pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Y ...
Southside Bancshares(SBSI) - 2024 Q2 - Earnings Call Transcript
2024-07-25 21:37
Southside Bancshares, Inc. (NASDAQ:SBSI) Q2 2024 Earnings Conference Call July 25, 2024 12:00 PM ET Company Participants Suni Davis - CRO Lee Gibson - President and CEO Julie Shamburger - CFO Conference Call Participants Woody Lay - KBW Brett Rabatin - Hovde Matt Olney - Stephens Operator Good day, and thank you for standing by, and welcome to Southside Bancshares, Inc. Second Quarter 2024 Earnings Call. [Operator Instructions] Please be advised that today's conference is being recorded. I would now like to ...
Southside Bancshares, Inc. Announces Financial Results for the Second Quarter Ended June 30, 2024
Newsfilter· 2024-07-25 09:45
| --- | --- | --- | --- | |---------------------------------------------------------------------|------------------------------------|-------|-------------| | | Six Months Ended \nJune 30, \n2024 | | 2023 | | Income Statement: | | | | | Total interest income | $ 206,944 | | $ 167,724 | | Total interest expense | 99,988 | | 60,455 | | Net interest income | 106,956 | | 107,269 | | Provision for (reversal of) credit losses | (427 | ) | (114 | | Net interest income after provision for (reversal of) credit losse ...
Southside Bancshares, Inc. Announces Financial Results for the Second Quarter Ended June 30, 2024
GlobeNewswire News Room· 2024-07-25 09:45
TYLER, Texas, July 25, 2024 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. ("Southside" or the "Company") (NASDAQ: SBSI) today reported its financial results for the quarter ended June 30, 2024. Southside reported net income of $24.7 million for the three months ended June 30, 2024, a decrease of $0.2 million, or 0.9%, compared to $24.9 million for the same period in 2023. Earnings per diluted common share remained the same at $0.81 for both of the three-month periods ended June 30, 2024 and 2023. The annua ...
Southside Bancshares, Inc. Announces Second Quarter Earnings Call
GlobeNewswire News Room· 2024-07-11 20:45
TYLER, Texas, July 11, 2024 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. ("Southside") (NASDAQ: SBSI), the holding company for Southside Bank, announced today it will release its second quarter financial results before the market opens on Thursday, July 25, 2024. Southside will host a conference call to discuss its results on Thursday, July 25, 2024, at 11:00 a.m. CDT. The call will be hosted by Lee R. Gibson, CEO, Julie Shamburger, CFO, and Suni Davis, CRO. Following prepared remarks there will be a ques ...
Southside Bancshares, Inc. Announces Second Quarter Earnings Call
Newsfilter· 2024-07-11 20:45
About Southside Bancshares, Inc. Those interested in participating in the question and answer session, or others who prefer to call-in, can register using this online form to receive the dial-in number and unique code to access the conference call seamlessly. While not required, it is recommended that those wishing to participate register 10 minutes prior to the conference call to ensure a more efficient registration process. The call will be hosted by Lee R. Gibson, CEO, Julie Shamburger, CFO, and Suni Dav ...