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

• Southside Bancshares Inc SBSI.N reported quarterly adjusted earnings of 93 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 16 cents. The mean expectation of five analysts for the quarter was for earnings of 79 cents per share. Wall Street expected results to range from 74 cents to 82 cents per share.

• Revenue rose 9.3% to $74.03 million from a year ago; analysts expected $72.67 million.

• Southside Bancshares Inc's reported EPS for the quarter was 93 cents​.

• The company reported quarterly net income of $27.98 million.

• Southside Bancshares Inc shares had risen by 5.2% this quarter and gained 4.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.2% 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," 5 "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 $34.00, about 7% above its last closing price of $31.63

This summary was machine generated from LSEG data October 29 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)