NYSE$SBSI
Southside Bancshares Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Reported financial results for the quarter ended June 30, 2022.
Southside Bancshares reported a net income of $25.4 million for the second quarter of 2022, an increase of $4.1 million, or 19.2%, compared to the same period in 2021. Earnings per diluted common share increased $0.14, or 21.5%, to $0.79 for the three months ended June 30, 2022, from $0.65 for the same period in 2021.
- Second quarter net income of $25.4 million.
- Linked quarter loan growth, net of Paycheck Protection Program (“PPP”) loans, of 4.6%.
- Linked quarter net interest margin (FTE) increased to 3.30%.
- Nonperforming assets remain low at 0.16% of total assets.
Headline financials
Revenue & EPS history
Southside Bancshares · Revenue · Quarterly
$60.2M
Forward guidance
The economic conditions and growth prospects for the markets we serve, even against the headwinds of inflation, continue to reflect a solid and positive overall outlook. Increasing interest rates and rising building costs have taken some of the steam out of the highly robust single family housing market, however there continues to be a shortage of housing in several Texas markets. Loan growth during the first half of the year has been extremely strong. Some of the second quarter loan growth may have a short duration and we anticipate modestly higher loan pay-offs in the second half of this year when compared to the first half. As a result we anticipate loan growth in the second half of the year will slow from the levels we experienced during the first half of the year.
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 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% | — | — |
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