Stock Track | Southside Bancshares Stock Plunges on Q3 Earnings, Revenue Misses

Stock Track

Oct 24, 2024

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.

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(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.</p>\n\n<p>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.</p>\n\n<p>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.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SBSI","symbol_name":"Southside Bancshares","start_time":0,"source_url":"","article_id":"1158034632","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1158034632","pubTimestamp":1729777048,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Southside Bancshares Inc.  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. 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