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Southside Bancshares (SBSI)
NYSE:SBSI
Earnings Data
Report Date
Jul 23, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.68Last Year’s EPS
0.81Same Quarter Last Year
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Apr 29, 2025
|% Change Since: -1.38%
|Next Earnings Date:Jul 23, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook with several positive aspects, such as net income, a strong loan pipeline, and an improved net interest margin, offset by challenges like loan reductions, a decline in noninterest income, and increased nonperforming assets. The sentiment appears balanced with optimism about future growth and economic conditions.Company Guidance
In the first quarter of 2025, Southside Bancshares, Inc. reported net income of $21.5 million, translating to diluted earnings per share of $0.71. The company achieved an annualized return on average assets of 1.03% and an annualized return on average tangible common equity of 14.14%. Despite a 2% reduction in loans linked quarter, primarily due to a $94.4 million payoff in the CRE portfolio, the company remains optimistic about mid-single-digit loan growth for the year. The net interest margin improved by three basis points to 2.86%, supported by a restructuring of $120 million in securities and a decrease in funding costs. The loan pipeline is robust at $1.9 billion, marking the largest in recent years, with an expected closure rate of 25% to 30%. Credit quality remains strong, with nonperforming assets at 0.39% of total assets, although there was an increase in classified loans to $67 million. Expenses came in lower than anticipated, with noninterest expense decreasing to $37.1 million and the efficiency ratio increasing slightly to 55%. The company repurchased 196,419 shares at an average price of $26.82 post-quarter-end, with approximately 387,000 shares remaining in the current buyback authorization.Net Income and Earnings Per Share
Southside Bancshares reported a solid first quarter with net income of $21.5 million and diluted earnings per share of $0.71.
Loan Pipeline Growth
The loan pipeline is the largest in the last 24 to 36 months, exceeding $1.9 billion, with a balanced mix of 45% term loans and 55% construction loans.
Net Interest Margin Improvement
A restructuring of $120 million in securities and an increase in the net of brokered and public fund deposits resulted in a three basis point increase in net interest margin to 2.86%.
Strong Credit Quality
Despite an increase in nonperforming assets, credit quality remains strong with nonperforming assets at 0.39% of total assets.
Repurchase of Shares
After the quarter end, Southside Bancshares repurchased 196,419 shares at an average price of $26.82 per share.
Positive Market Outlook
The Texas economy is anticipated to grow at a faster pace than the overall projected US growth rate, contributing to overall market optimism.
SBSI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SBSI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 29, 2025 | $28.17 | $28.32 | +0.53% |
Jan 29, 2025 | $31.91 | $30.68 | -3.85% |
Oct 24, 2024 | $32.42 | $31.64 | -2.41% |
Jul 25, 2024 | $30.21 | $32.87 | +8.81% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Southside Bancshares (SBSI) report earnings?
Southside Bancshares (SBSI) is schdueled to report earning on Jul 23, 2025, TBA Not Confirmed.
What is Southside Bancshares (SBSI) earnings time?
Southside Bancshares (SBSI) earnings time is at Jul 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SBSI EPS forecast?
SBSI EPS forecast for the fiscal quarter 2025 (Q2) is 0.68.