Southside Bancshares Q2 2024 GAAP EPS $0.81 Beats $0.64 Estimate, Sales $65.165M Beat $64.845M Estimate
Portfolio Pulse from Benzinga Newsdesk
Southside Bancshares (NASDAQ:SBSI) reported Q2 2024 earnings per share (EPS) of $0.81, surpassing the analyst estimate of $0.64 by 26.56%. The company also reported sales of $65.165 million, beating the estimate of $64.845 million by 0.49%. This represents a 1.22% increase from the same period last year.
July 25, 2024 | 9:59 am
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POSITIVE IMPACT
Southside Bancshares reported strong Q2 2024 earnings, with EPS of $0.81 beating estimates by 26.56% and sales of $65.165 million exceeding expectations. This positive performance is likely to boost investor confidence and drive the stock price up in the short term.
The significant beat on EPS and the slight beat on sales indicate strong financial performance, which is likely to positively impact the stock price. The 26.56% EPS beat is particularly notable and should boost investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100