Shares of Southside Bancshares Inc. (NASDAQ: SBSI) plummeted by 5.26% on Wednesday after the Texas-based bank reported weaker-than-expected financial results for the third quarter of 2024.
For the three months ended September 30th, Southside Bancshares posted earnings of $0.68 per diluted share, missing analysts' consensus estimate of $0.73 per share. The company's revenue came in at $63.6 million, falling short of the projected $68.4 million.
The disappointing results marked a decline from the same period a year earlier when the bank reported earnings of $0.60 per share on revenue of $64.1 million. Analysts had anticipated Southside Bancshares to show improved financial performance, but the company's Q3 2024 figures fell short of expectations.
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。