Benzinga | Jul 22, 2020 07:16AM EDT

Recap: Southside Bancshares Q2 Earnings

Shares of Southside Bancshares (NASDAQ:SBSI) were unchanged after the company reported Q2 results.

Quarterly Results

Earnings per share rose 18.18% year over year to $0.65, which beat the estimate of $0.37.

Revenue of $59,464,000 higher by 9.34% year over year, which beat the estimate of $57,660,000.

Outlook

Southside Bancshares hasn't issued any earnings guidance for the time being.

Southside Bancshares hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Jul 22, 2020

Time: 10:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/42mixcoh

Recent Stock Performance

52-week high: $37.89

52-week low: $23.74

Price action over last quarter: down 3.76%

Company Description

Southside Bancshares Inc is a financial institution offering financial services to individuals, businesses, municipal entities, and non-profit organizations. It provides various services such as personal banking, business banking, mortgage and equity lending, wealth management and trust, and brokerage. The bank generates its revenue in the form of interest income, gains on sales of assets, and fee income.