SBSI Earnings Prediction
The chart below shows how SBSI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, SBSI sees a -2.54% change in stock price 10 days leading up to the earnings, and a +0.65% change 10 days following the report. On the earnings day itself, the stock moves by -0.36%. This data can give you a slight idea of what to expect for the next quarter's release.
SBSI Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
63.23M
14.45%
0.37%
Gross Margin
--
--
--
Operating Margin
41.83%
18.36%
9.59%
Net Margin
34.46%
9.92%
5.77%
EPS
0.71
24.56%
4.41%
No Data Available
SBSI Earnings Analysis
Southside Bancshares Inc Corporation (SBSI.O) Earnings Conference Call
Positive
Net Income Increase: Net income for the year ended December 31, 2024, increased by $1,800,000 to $88,500,000, representing a 2.1% growth compared to 2023, with diluted earnings per share rising by $0.09 to $2.91.
Net Income Increase: In Q4, net income reached $21,800,000, up $1,300,000 or 6.1% on a linked quarter basis, with diluted earnings per share increasing by $0.03 to $0.71.
Loan Growth Analysis: Total loans at year-end were $4,660,000,000, reflecting a linked quarter increase of $83,500,000 or 1.8%, and a year-over-year increase of $137,100,000 or 3%.
Deposit Growth Analysis: Deposits increased by $218,500,000 or 3.4% on a linked quarter basis, driven primarily by a $156,800,000 or 14.6% increase in public fund deposits in December.
Non-Interest Income Growth: Non-interest income, excluding net loss on the sales of AFS securities, increased by $2,200,000 or 21.6% for the linked quarter, primarily due to growth in swap fee income and mortgage servicing fee income.
Negative
Net Interest Margin Decline: Net interest margin decreased 12 basis points to 2.83% from 2.95% linked quarter, indicating a decline in profitability from interest-earning assets.
Net Interest Income Decline: Net interest income decreased by $1,800,000 or 3.2% compared to the linked quarter, reflecting challenges in generating income from loans and securities.
Rising Operational Costs: Non-interest expense increased by $1,800,000 or 5% on a linked quarter basis, driven primarily by higher salaries and employee benefits, indicating rising operational costs.
AFS Securities Loss Increase: The net unrealized loss in the AFS securities portfolio increased by $28,900,000 to $53,500,000, highlighting deteriorating asset values and potential future losses.
Operational Efficiency Decline: The fully taxable equivalent efficiency ratio increased to 54% from 51.9%, suggesting a decline in operational efficiency and higher costs relative to income.
SBSI FAQs
How does SBSI typically perform around its earnings report dates?
Is Southside Bancshares Inc (SBSI) Q4 2024 Earnings Call Summary positive or negative?
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SBSI Earning Call Sentiment
Earnings call transcript: Southside Bancshares Q4 2024 earnings miss
SBSI.O
1.66%Positive
The earnings call presented mixed signals: moderate financial growth and improved non-interest income were offset by a decrease in net interest margin and unclear guidance on share buybacks and NIM expansion. The Q&A highlighted management's reluctance to provide specific guidance, which could unsettle investors. Despite some positive aspects, such as reduced non-performing assets and increased deposits, the overall sentiment remains neutral due to the lack of clear strategic direction and potential uncertainties in financial metrics.
