Southside Bancshares Inc reports results for the quarter ended June 30 - Earnings Summary

• Southside Bancshares Inc SBSI.N reported quarterly adjusted earnings of 72 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 81 cents. The mean expectation of four analysts for the quarter was for earnings of 68 cents per share. Wall Street expected results to range from 64 cents to 71 cents per share.

• Revenue rose 1.9% to $66.41 million from a year ago; analysts expected $68.00 million.

• Southside Bancshares Inc's reported EPS for the quarter was 72 cents​.

• The company reported quarterly net income of $21.81 million.

• Southside Bancshares Inc shares had risen by 4.2% this quarter and lost 3.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.5% 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 "buy."

• Wall Street's median 12-month price target for Southside Bancshares Inc is $32.00, about 4.2% above its last closing price of $30.66

This summary was machine generated from LSEG data July 25 at 01:31 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)