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Southside Bancshares SBSI Q2 2024 earnings

Reported July 25, 2024 · Before market open

Revenue$64.8MMiss by $43.0K
EPS$0.81Beat by $0.17
Revenue estimate$64.8M
EPS estimate$0.64

Next report

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

Financials

Q2 2024

Income statement

See full
Revenue$65.2M+1.2%
Net income$24.7M-0.9%
EPS (diluted)$0.810.0%

Balance sheet

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Cash & equivalents$452.0M+118%
Total debt$730.8M+106%
Total equity$801.0M+4.7%
Total assets$8.4B+7.1%

Cash flow

See full
Operating cash flow$16.5M-52.1%
CapEx$1.1M+9.0%
Free cash flow$15.4M-53.9%

Valuation & ratios

Valuation

as of 06/30/24
See full
Market cap$835.53M+4.7%
Enterprise value$1.11B+17.9%
P/E10.2×+2.6×
P/S3.4×+0.3×

Profitability

See full
Net margin32.9%-7.2pp

Returns & leverage

See full
Return on equity10.5%-3.6pp
Debt / equity0.9×+0.4×

Versus estimates

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Questions, answered.

When did Southside Bancshares report Q2 2024 earnings?
Southside Bancshares (SBSI) reported Q2 2024 earnings on July 25, 2024 before market open.
What were Southside Bancshares's Q2 2024 revenue and EPS?
Southside Bancshares reported revenue of $64.8M and eps of $0.81 for Q2 2024.
Did Southside Bancshares beat estimates in Q2 2024?
Revenue missed the consensus estimate of $64.8M by $43.0K. EPS beat the consensus estimate of $0.64 by $0.17.
Where can I find Southside Bancshares's Q2 2024 SEC filings?
You can read the 10-Q periodic report (0000705432-24-000175) directly on SEC EDGAR. The filing index links above go to sec.gov.