Southside Bancshares Q4 EPS $0.57 Misses $0.66 Estimate, Sales $56.99M Miss $64.82M Estimate
Portfolio Pulse from totan@benzinga.com
Southside Bancshares (NASDAQ:SBSI) reported Q4 earnings of $0.57 per share, missing the consensus estimate of $0.66 by 13.64%, and a 34.48% decrease from last year's $0.87 per share. Sales were $56.99M, missing the $64.82M estimate by 12.09%, and down 15.71% from $67.61M in the same period last year.
January 26, 2024 | 10:51 am
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Southside Bancshares reported lower-than-expected Q4 earnings and sales, with a significant decrease compared to the previous year.
Missing both earnings and sales estimates significantly, especially with a year-over-year decrease, is likely to negatively impact investor sentiment and could lead to a short-term decline in $SBSI's stock price.
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IMPORTANCE 90
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