NYSE$SBSI

Southside Bancshares Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Net income and earnings per diluted common share increased slightly.

Southside Bancshares, Inc. reported net income of $17.3 million for Q4 2019, a slight decrease compared to $17.4 million for the same period in 2018. Earnings per diluted common share increased to $0.51 from $0.50 in the same period of 2018. The annualized return on average assets was 1.03% for the quarter.

  • Linked quarter loans increased by $68.3 million, or 2.0%, reaching $3.57 billion.
  • Linked quarter nonperforming assets as a percent of total assets decreased from 0.45% to 0.26%.
  • Net income for the fourth quarter was $17.3 million, with earnings per diluted common share at $0.51.
  • The annualized return on average assets for the fourth quarter was 1.03%.

Headline financials

Total Revenue

$53.6M

Previous: $52.5M+2.1%
EPS (adj)

$0.51

Previous: $0.50+2.0%
ROAA

1.0%

No prior period
ROAE

8.4%

No prior period
ROATCE

12.0%

No prior period
Net Interest Margin (FTE)

3.0%

No prior period
Net Interest Spread (FTE)

2.7%

No prior period
Efficiency Ratio (FTE)

53.9%

No prior period
NPA / Total Assets

0.3%

No prior period
Loan Loss Reserve / Loans

0.7%

No prior period
Loan Loss Reserve / Nonaccrual Loans

499.6%

No prior period
Loan Loss Reserve / NPAs

142.1%

No prior period
Net Charge-offs to Loans

0.3%

No prior period
Equity to Total Assets

11.9%

No prior period
CET1 Capital Ratio

14.1%

No prior period
Tier 1 Capital Ratio

15.5%

No prior period
Total Capital Ratio

18.4%

No prior period
Tier 1 Leverage Ratio

10.2%

No prior period
Tangible Equity Ratio

9.0%

No prior period
Avg Equity to Avg Assets

12.3%

No prior period
Yield on Earning Assets

4.1%

No prior period
Rate on Interest Liabilities

1.5%

No prior period
Earning Assets / Interest Liab

128.0%

No prior period
Noninterest Exp / Avg Assets

1.9%

No prior period
Capital Expenditures

$4.43M

Previous: $4.58M-3.2%
Net Income

$17.3M

Previous: $17.4M-0.3%
Operating Income

$20.2M

No prior period
Stock-Based Comp

$634K

Previous: $691K-8.2%

Revenue & EPS history

Southside Bancshares · Revenue · Quarterly

$53.6M

Q4 2019+2.1%vs Q4 2018
Beat estimate in 5 of 16 quarters(31%)
ActualEstimate

Forward guidance

Southside Bancshares opened its 60th branch in Kingwood, Texas, and plans to expand its lending operations in the Houston area, pending regulatory approval, reflecting confidence in the Texas economy.

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 Q4 2019

Historical avgQ4 2019

-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%

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