Southside Bancshares Q1 2024 GAAP EPS $0.71 Beats $0.68 Estimate, Sales $63.072M Miss $67.725M Estimate
Portfolio Pulse from Benzinga Newsdesk
Southside Bancshares (NASDAQ:SBSI) reported Q1 2024 earnings of $0.71 per share, surpassing the $0.68 estimate, but sales of $63.072M fell short of the $67.725M forecast. This represents a 14.46% decrease in earnings and a 3.54% decrease in sales from the same period last year.
April 25, 2024 | 10:05 am
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Southside Bancshares reported a mixed Q1 2024 with earnings beating estimates but sales missing expectations, indicating a year-over-year decline in both metrics.
The mixed results with an earnings beat but a sales miss could lead to neutral short-term stock price movement. Investors might be encouraged by the earnings beat, but concerned about the sales miss and year-over-year declines.
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