NYSE$SBSI
Southside Bancshares Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Reported a decrease in net income compared to the same period in 2021, driven by a provision for credit losses, but highlighted by loan growth and strong asset quality metrics.
Southside Bancshares reported a net income of $25.0 million for Q1 2022, a decrease of $9.1 million compared to Q1 2021. Earnings per diluted common share were $0.77, compared to $1.04 in the same period last year. The results were highlighted by linked quarter loan growth, net of PPP loans, of 4.8%, continued strong asset quality metrics and an efficiency ratio of 48.15%.
- First quarter net income of $25.0 million.
- Linked quarter loan growth, net of Paycheck Protection Program (“PPP”) loans, of 4.8%.
- Annualized return on first quarter average assets of 1.40%.
- Nonperforming assets remain low at 0.16% of total assets.
Headline financials
Revenue & EPS history
Southside Bancshares · Revenue · Quarterly
$59.6M
Forward guidance
The economic conditions and growth prospects for the markets we serve continue to reflect a solid and positive outlook. The DFW and Austin markets remain among the highest performing markets in the nation. This contributed to our outstanding loan growth during the first quarter. Our loan pipeline remains strong and we remain encouraged about loan growth prospects despite the headwinds of future expected loan payoffs.
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 2022
-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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro