NYSE$SBSI
Southside Bancshares Inc · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Financial results reported a decrease in net income due to increases in the provision for credit losses and noninterest expense, which were partially offset by increases in interest income and noninterest income, as well as decreases in interest expense and income tax expense.
Southside Bancshares reported a net income of $4.0 million for the quarter ended March 31, 2020, a decrease of $14.9 million, or 79.0%, compared to the same period in 2019. Earnings per diluted common share decreased $0.44, or 78.6%, to $0.12 for the three months ended March 31, 2020, from $0.56 for the same period in 2019.
- First quarter provision for credit losses of $25.2 million, largely due to worsening economic forecast related to COVID-19.
- Linked quarter loans increased $32.8 million, or 0.9%, to $3.60 billion.
- Linked quarter nonperforming assets as a percent of total assets decreased to 0.24% from 0.26%.
- Linked quarter tax-equivalent net interest margin increased 5 basis points to 3.03% from 2.98%.
Headline financials
Revenue & EPS history
Southside Bancshares · Revenue · Quarterly
$60.2M
Forward guidance
Southside does not anticipate meaningful loan growth for the remainder of the year due to the current COVID-19 related economic forecast for 2020.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2020
-0.1%
Avg return
Earnings day
+0.0%
Avg return
5 days after
+1.0%
Avg return
30 days after
41%
27 / 66 earnings
Positive
+18.4%
Q2 2023
Best reaction
-10.7%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.3% | -2.6% | -1.7% | |
| Q4 2025 | -0.1% | +3.3% | -3.0% | |
| Q3 2025 | -0.5% | +1.1% | +5.5% | |
| Q2 2025 | -0.4% | -2.2% | -0.8% | |
| Q1 2025 | +0.5% | +0.0% | -0.4% | |
| Q4 2024 | -3.9% | -5.5% | -5.9% | |
| Q3 2024 | -3.2% | -2.6% | +7.2% | |
| Q2 2024 | +7.6% | +10.5% | +7.0% | |
| Q1 2024 | -3.9% | -6.1% | -6.3% | |
| Q4 2023 | +5.7% | +0.9% | -6.8% | |
| Q3 2023 | -3.5% | -5.5% | -0.7% | |
| Q2 2023 | +18.4% | +17.5% | +7.8% | |
| Q1 2023 | -3.4% | -4.1% | -17.6% | |
| Q4 2022 | +2.5% | +5.8% | +7.9% | |
| Q3 2022 | -10.7% | -4.8% | -0.3% | |
| Q2 2022 | +5.3% | +6.1% | +3.2% | |
| Q1 2022 | -0.3% | +0.3% | +0.7% | |
| Q4 2021 | +0.2% | +0.4% | -0.5% | |
| Q3 2021 | +5.3% | +5.2% | +11.7% | |
| Q2 2021 | -2.1% | -0.2% | +3.7% | |
| Q1 2021 | +6.5% | +6.6% | +12.5% | |
| Q4 2020 | -3.9% | -3.4% | +4.9% | |
| Q3 2020 | +3.0% | -3.3% | +14.8% | |
| Q2 2020 | +3.5% | -0.7% | +0.9% | |
| Q1 2020 | -3.8% | -2.2% | -2.1% | |
| Q4 2019 | -1.2% | +2.1% | -10.8% | |
| Q3 2019 | +1.0% | +1.1% | -0.0% | |
| Q2 2019 | +3.0% | +5.3% | -2.0% | |
| Q1 2019 | +3.6% | +1.3% | -1.0% | |
| Q4 2018 | -1.7% | -0.2% | +6.1% | |
| Q3 2018 | -0.7% | +2.9% | +5.8% | |
| Q2 2018 | -3.1% | -2.1% | +0.8% | |
| Q1 2018 | -5.1% | -6.2% | -2.0% | |
| Q4 2017 | +3.5% | +1.9% | +4.9% | |
| Q3 2017 | -4.7% | -3.9% | -7.2% | |
| Q2 2017 | -2.4% | -1.5% | -7.0% | |
| Q1 2017 | +1.8% | +1.3% | -2.8% | |
| Q4 2016 | -9.4% | -7.3% | -4.9% | |
| Q3 2016 | -0.1% | -3.4% | +17.3% | |
| Q2 2016 | -6.6% | -5.1% | -0.7% | |
| Q1 2016 | +4.6% | — | — | |
| Q4 2015 | +1.1% | — | — | |
| Q3 2015 | +1.6% | — | — | |
| Q2 2015 | +1.0% | — | — | |
| Q1 2015 | -1.1% | — | — | |
| Q4 2014 | +2.8% | — | — | |
| Q3 2014 | -0.2% | — | — | |
| Q2 2014 | +2.4% | — | — | |
| Q1 2014 | +4.8% | — | — | |
| Q4 2013 | +0.2% | — | — | |
| Q3 2013 | -0.3% | — | — | |
| Q2 2013 | -0.5% | — | — | |
| Q1 2013 | +1.0% | — | — | |
| Q4 2012 | -1.5% | — | — | |
| Q3 2012 | -0.7% | — | — | |
| Q2 2012 | -0.9% | — | — | |
| Q1 2010 | -3.2% | — | — | |
| Q1 2011 | -3.2% | — | — | |
| Q1 2012 | +1.1% | — | — | |
| Q4 2011 | -0.2% | — | — | |
| Q4 2009 | -0.2% | — | — | |
| Q4 2010 | -0.2% | — | — | |
| Q3 2010 | -2.2% | — | — | |
| Q3 2011 | -2.2% | — | — | |
| Q2 2011 | -4.5% | — | — | |
| Q2 2010 | -4.5% | — | — |
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