NYSE$SBSI

Southside Bancshares Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported record net income and strong asset quality metrics.

Southside Bancshares, Inc. reported a record fourth quarter net income of $29.6 million, a 70.6% increase compared to the same period in 2019. Earnings per diluted common share increased to $0.89, up from $0.51 in the same period of the previous year. The increase in net income was driven by an increase in net interest income and a decrease in provision for credit losses.

  • Record fourth quarter net income of $29.6 million, an increase of 70.6%, compared to the same period in 2019.
  • Record annual net income of $82.2 million, an increase of 10.2%, compared to the same period in 2019.
  • Annualized return on fourth quarter average assets of 1.64%.
  • Nonperforming assets remained low at 0.25% of total assets.

Headline financials

Total Revenue

$59.6M

Previous: $53.6M+11.1%
EPS (adj)

$0.89

Previous: $0.51+74.5%
ROAA

1.6%

Previous: 1.0%+59.2%
Net Interest Margin (FTE)

3.2%

Previous: 3.0%+7.4%
Efficiency Ratio (FTE)

47.4%

Previous: 53.9%-12.1%
NPA / Total Assets

0.3%

Previous: 0.3%-3.8%
Capital Expenditures

$1.22M

Previous: $4.43M-72.5%
Free Cash Flow

$39.1M

No prior period
Net Income

$29.6M

Previous: $17.3M+70.6%
Operating Income

$33.8M

Previous: $20.2M+67.6%
Cash & Equivalents

$87.4M

No prior period
Total Assets

$7.01B

No prior period
Stock-Based Comp

$767K

Previous: $634K+21.0%

Revenue & EPS history

Southside Bancshares · Revenue · Quarterly

$59.6M

Q4 2020+11.1%vs Q4 2019
Beat estimate in 4 of 16 quarters(25%)
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 Q4 2020

Historical avgQ4 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

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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