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Southside Bancshares SBSI Q1 2024 earnings

Reported April 25, 2024 · Before market open

Revenue$62.7MMiss by $5.0M
EPS$0.71Beat by $0.03
Revenue estimate$67.7M
EPS estimate$0.68

Next report

Oct 23, 2026 (in 3 months)
Revenue estimate$73.2M
EPS estimate$0.77

Financials

Q1 2024

Income statement

See full
Revenue$63.1M-3.5%
Net income$21.5M-17.4%
EPS (diluted)$0.71-14.5%

Balance sheet

See full
Cash & equivalents$469.4M+51.2%
Total debt$483.4M-5.1%
Total equity$787.9M+4.9%
Total assets$8.4B+7.2%

Cash flow

See full
Operating cash flow$58.3M+147%
CapEx$2.6M+17.5%
Free cash flow$55.7M+160%

Valuation & ratios

Valuation

as of 03/31/24
See full
Market cap$884.56M-13.3%
Enterprise value$898.58M-26.3%
P/E10.8×+1.1×
P/S3.6×-0.4×

Profitability

See full
Net margin33.1%-7.9pp

Returns & leverage

See full
Return on equity10.7%-3.1pp
Debt / equity0.6×-0.1×

Versus estimates

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Questions, answered.

When did Southside Bancshares report Q1 2024 earnings?
Southside Bancshares (SBSI) reported Q1 2024 earnings on April 25, 2024 before market open.
What were Southside Bancshares's Q1 2024 revenue and EPS?
Southside Bancshares reported revenue of $62.7M and eps of $0.71 for Q1 2024.
Did Southside Bancshares beat estimates in Q1 2024?
Revenue missed the consensus estimate of $67.7M by $5.0M. EPS beat the consensus estimate of $0.68 by $0.03.
Where can I find Southside Bancshares's Q1 2024 SEC filings?
You can read the 10-Q periodic report (0000705432-24-000069) directly on SEC EDGAR. The filing index links above go to sec.gov.