NYSE$SBSI

Southside Bancshares Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported a net income of $27.0 million for the third quarter ended September 30, 2022.

Southside Bancshares, Inc. reported a net income of $27.0 million for the third quarter ended September 30, 2022, a decrease of $2.4 million, or 8.0%, compared to the same period in 2021. Earnings per diluted common share decreased $0.06, or 6.7%, to $0.84 for the three months ended September 30, 2022, from $0.90 for the same period in 2021.

  • Third quarter net income of $27.0 million.
  • Linked quarter loan growth, net of Paycheck Protection Program (“PPP”) loans, of 2.6%.
  • Linked quarter net interest margin increased to 3.15% and net interest margin (FTE) increased to 3.36%.
  • Nonperforming assets remained low at 0.16% of total assets.

Headline financials

Total Revenue

$65.8M

Previous: $61M+7.9%
EPS (adj)

$0.84

Previous: $0.90-6.7%
ROAA

1.4%

Previous: 1.6%-11.2%
ROAE

14.2%

No prior period
Capital Expenditures

-$8.37M

Previous: -$6.49M-28.9%
Free Cash Flow

$18.6M

Previous: $22.8M-18.6%
Net Income

$27M

Previous: $29.3M-8.0%
Operating Income

$45.7M

Previous: $42.7M+7.1%
Gross Profit

$64.3M

Previous: $55.9M+15.0%
Cash & Equivalents

$195M

Previous: $87.1M+123.9%
Total Assets

$7.45B

Previous: $7.14B+4.5%
Stock-Based Comp

$760K

Previous: $829K-8.3%

Revenue & EPS history

Southside Bancshares · Revenue · Quarterly

$65.8M

Q3 2022+7.9%vs Q3 2021
Beat estimate in 0 of 14 quarters(0%)
ActualEstimate

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 Q3 2022

Historical avgQ3 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

Earnings price reactions
QuarterReport dateReaction (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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