Southside Bancshares, Inc. (NASDAQ:SBSI) is reporting second quarter financial results on Wednesday 22nd July 2020, before market open.
According to analysts surveyed by Thomson Reuters, SBSI is expected to report 2Q20 income of $ 0.37 per share from revenue of $ 57.66 million.
For the full year, analysts anticipate top line of $ 238.53 million, while looking forward to income of $ 1.59 per share bottom line.
Previous Quarter Performance
Southside Bancshares, Inc. reported income for the first quarter of $ 0.12 per share, from the revenue of $ 60.20 million. The quarterly earnings reduced 78.57 percent while revenues enlarged 18.83 percent compared with the same quarter last year.
According to street consensus, SBSI was expected to report 1Q20 income of $ 0.48 per share from revenue of $ 54.95 million. The bottom line results missed street analysts by $ 0.36 or 75 percent, at the same time, top line results outshined analysts by $ 5.25 million or 9.55 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of Southside Bancshares, Inc.
Stock Performance
According to the previous trading day, closing price of SBSI was $ 27.64, representing a 16.43 % increase from the 52 week low of $ 23.74 and a 27.05 % decrease over the 52 week high of $ 37.89.
The company has a market capital of $ 912.44 million and is part of the Financial Services sector and Banks – Regional – US industry.
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Recent Stock Dividend Announcement
On May 7, 2020, the board of directors authorized quarterly dividend of $ 0.31 per share to holders of record as of the close of business on May 21, 2020, with payment date of June 4, 2020 and ex-dividend date on May 20, 2020.
Conference Call
Southside Bancshares, Inc. will be hosting a conference call at 10:00 AM eastern time on 22nd July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.southside.com
Southside Bancshares, Inc. operates as the bank holding company for Southside Bank that provides a range of financial services to individuals, businesses, municipal entities, and nonprofit organizations. Its deposit products include savings, money market, and interest and noninterest bearing checking accounts, as well as certificates of deposit.
