NYSE$SBSI
Southside Bancshares Inc · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Net income and earnings per share increased, driven by a decrease in interest expense, an increase in noninterest income and a decrease in income tax expense.
Southside Bancshares reported a solid second quarter with net income of $21.6 million and earnings per share of $0.65. The results reflect the strength of the balance sheet, capital position, and underlying earnings.
- Second quarter diluted earnings per share of $0.65, an increase of 18.2% compared to same period in 2019.
- Second quarter net income of $21.6 million, an increase of 15.8% compared to same period in 2019.
- Linked quarter deposits increased $331.4 million.
- Nonperforming assets remain low at 0.24% of total assets.
Headline financials
Revenue & EPS history
Southside Bancshares · Revenue · Quarterly
$59.5M
Forward guidance
Southside Bancshares expects lower loan growth for the remainder of the year due to the uncertainty of COVID-19, but continues to look for loan growth opportunities. The freeze of all future benefit accruals will result in a reduction in retirement expense of approximately $2 million during 2021.
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 Q2 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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