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Southside Bancshares Inc   (SBSI)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 

SBSI's Net Income Growth by Quarter and Year

Southside Bancshares Inc 's Net Income results by quarter and year




SBSI Net Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 17.32 27.67 28.69 29.57
III Quarter September 18.45 26.95 29.31 27.07
II Quarter June 24.89 25.41 21.32 21.55
I Quarter March 26.03 25.00 34.09 3.95
FY   86.69 105.03 113.41 82.14



SBSI Net Income fourth quarter 2023 Y/Y Growth Comment
Southside Bancshares Inc reported fall in Net Income in the fourth quarter 2023 by -37.42% to $ 17.32 millions, from the same quarter in 2022.
The drop in the fourth quarter 2023 Southside Bancshares Inc 's Net Income compares unfavorably to the Company's average Net Income increase of 16.01%.

Looking into fourth quarter 2023 results within Regional Banks industry 23 other companies have achieved higher Net Income growth. While Southside Bancshares Inc ' s Net Income drop of -37.42% ranks overall at the positon no. 685 in the fourth quarter 2023.




SBSI Net Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December -37.42 % -3.56 % -2.98 % -60.34 %
III Quarter September -31.54 % -8.05 % 8.27 % 36.79 %
II Quarter June -2.05 % 19.18 % -1.07 % 15.8 %
I Quarter March 4.12 % -26.66 % 763.04 % -79.01 %
FY   -17.47 % -7.39 % 38.07 % -37.66 %

Financial Statements
Southside Bancshares Inc 's fourth quarter 2023 Net Income $ 17.32 millions SBSI's Income Statement
Southside Bancshares Inc 's fourth quarter 2022 Net Income $ 27.67 millions Quarterly SBSI's Income Statement
New: More SBSI's historic Net Income Growth >>


SBSI Net Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December -6.15 % 2.67 % -2.12 % 9.24 %
III Quarter September -25.87 % 6.06 % 37.48 % 25.61 %
II Quarter June -4.38 % 1.64 % -37.46 % 445.57 %
I Quarter March -5.93 % -12.86 % 15.29 % -94.7 %
FY (Year on Year)   -17.47 % -7.39 % 38.07 % -37.66 %




Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #24
Financial Sector #148
Overall #685

Net Income Y/Y Growth Statistics
High Average Low
118.91 % 16.01 % -49.42 %
(Mar 31 2016)   (Dec. 30, 2014)
Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #24
Financial Sector #148
Overall #685
Net Income Y/Y Growth Statistics
High Average Low
118.91 % 16.01 % -49.42 %
(Mar 31 2016)   (Dec. 30, 2014)

Net Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Southside Bancshares Inc 's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
445.26 % 12.86 % -100 %
(Jun 30 2020)  


SBSI's IV. Quarter Q/Q Net Income Comment
In the IV. Quarter 2023 Southside Bancshares Inc disclosed decline in Net Income from the previous quarter by -6.15% to $ 17.32 millions, from $ 18.45 millions declared in the previous reporting period.

Even cyclical influence were not able to salvage the IV. Quarter for the Southside Bancshares Inc , John Lyons, Financial sector veteran pointed out, he mentioned some skepticism conserning SBSI's outlook, he sees further headwinds down the road for Southside Bancshares Inc and wrote that average quarter on quarter Net Income growth is at 12.86% for Southside Bancshares Inc .

Within Regional Banks industry 21 other companies have achieved higher Net Income quarter on quarter growth. While Southside Bancshares Inc 's Net Income growth quarter on quarter, overall rank is 686.


Net Income Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #22
Financial Sector #151
Overall #686
Net Income Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #22
Financial Sector #151
Overall #686
Net Income Q/Q Growth Statistics
High Average Low
445.26 % 12.86 % -100 %
(Jun 30 2020)  


SBSI's IV. Quarter Q/Q Net Income Comment
In the IV. Quarter 2023 Southside Bancshares Inc disclosed decline in Net Income from the previous quarter by -6.15% to $ 17.32 millions, from $ 18.45 millions released in the previous reporting period.

Even cyclical influence which commonly energize IV. Quarter 2023 performance, were not able to rescue the IV. Quarter for the Southside Bancshares Inc , John Lyons, Financial sector veteran pointed out, he sees new headwinds onward for the Regional Banks's company and wrote that average quarter on quarter Net Income growth is at 12.86% for the Regional Banks's company.

Within Regional Banks industry 21 other companies have achieved higher Net Income quarter on quarter growth. While Southside Bancshares Inc 's Net Income growth quarter on quarter, overall rank is 686.


Southside Bancshares Inc 's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
Cumulative Net Income 12 Months Ending $ 86.69 $ 97.04 $ 105.55 $ 106.06 $ 105.02
Y / Y Net Income Growth (TTM) -17.45 % -8.48 % -2.63 % 1.68 % -7.39 %
Year on Year Net Income Growth Overall Ranking # 765 # 1015 # 1156 # 217 # 401
Seqeuential Net Income Change (TTM) -10.67 % -8.06 % -0.48 % 0.99 % -0.96 %
Seq. Net Income Growth (TTM) Overall Ranking # 685 # 1051 # 1005 # 219 # 881




Cumulative Net Income growth Comment
Southside Bancshares Inc 's cumulative 12 months Net Income continue to fall, but on the faster rate at -17.45% year on year, at Dec 31 2023 compare to the -8.48% decrease at Sep 30 2023. If the Southside Bancshares Inc 's fiscal year would end at Dec 31 2023, annual Net Income would be $87 millions.

In the Financial sector 169 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 765, from total ranking in previous quarter at 1015.

Net Income TTM Q/Q Growth Statistics
High Average Low
118.91 %
16.01 %
-49.42 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 24
Financial Sector # 170
Overall # 765

Net Income TTM Y/Y Growth Statistics
High Average Low
118.91 %
16.01 %
-49.42 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 24
Sector # 148
S&P 500 # 685
Cumulative Net Income growth Comment
Southside Bancshares Inc 's cumulative 12 months Net Income continue to fall, but on the faster rate at -17.45% year on year, at Dec 31 2023 compare to the -8.48% decrease at Sep 30 2023. If the Southside Bancshares Inc 's fiscal year would end at Dec 31 2023, annual Net Income would be $87 millions.

In the Financial sector 169 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 765, from total ranking in previous quarter at 1015.

Net Income TTM Q/Q Growth Statistics
High Average Low
118.91 %
16.01 %
-49.42 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 24
Financial Sector # 170
Overall # 765

Net Income TTM Y/Y Growth Statistics
High Average Low
118.91 %
16.01 %
-49.42 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 24
Sector # 148
S&P 500 # 685




Other Net Income Growth
Regional Banks Industry Net Income Growth Trends and Statistics
Financial Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
SBSI's Net Income Growth Ratio versus Regional Banks Industry, Financial Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for SBSI's Competitors
Net Income Growth for Southside Bancshares Inc 's Suppliers
Net Income Growth for SBSI's Customers

You may also want to know
SBSI's Annual Growth Rates SBSI's Profitability Ratios SBSI's Asset Turnover Ratio SBSI's Dividend Growth
SBSI's Roe SBSI's Valuation Ratios SBSI's Financial Strength Ratios SBSI's Dividend Payout Ratio
SBSI's Roa SBSI's Inventory Turnover Ratio SBSI's Growth Rates SBSI's Dividend Comparisons



Companies with similar Net Income fall for the quarter ending Dec 31 2023 within Financial SectorY/Y Change %Net Income for the quarter ending Dec 31 2023
Lloyds Banking Group Plc-0.67%$ -0.666 millions
Republic Bancorp inc -0.69%$ -0.692 millions
American Assets Trust Inc -1.19%$ -1.193 millions
Boston Properties Inc -1.65%$ -1.649 millions
Pathward Financial Inc -1.79%$ -1.787 millions
Unity Bancorp inc -1.87%$ -1.868 millions
Raymond James Financial Inc -2.16%$ -2.161 millions
Flushing Financial Corporation-2.16%$ -2.162 millions
Top Financial Group Ltd-2.68%$ -2.680 millions
Phillips Edison and Company Inc -3.28%$ -3.280 millions
Employers Holdings Inc -3.39%$ -3.390 millions
Mgic Investment Corp-3.62%$ -3.625 millions
Realty Income Corporation-3.75%$ -3.755 millions
Citizens Financial Services Inc -4.25%$ -4.254 millions
Franklin Financial Services Corporation-6.62%$ -6.618 millions
Tfs Financial Corporation-6.70%$ -6.696 millions
Federal Home Loan Bank Of Boston-7.04%$ -7.042 millions
Us Bancorp De-7.42%$ -7.419 millions
The Cigna Group-7.60%$ -7.596 millions
S and t Bancorp Inc -8.00%$ -8.003 millions
Onemain Holdings Inc -8.33%$ -8.333 millions
Amalgamated Financial Corp -8.34%$ -8.342 millions
1st Source Corporation-8.50%$ -8.498 millions
Ohio Valley Banc Corp-8.54%$ -8.541 millions
Magyar Bancorp Inc -8.73%$ -8.729 millions
Independent Bank Corporation-8.90%$ -8.902 millions
Provident Financial Holdings inc -9.70%$ -9.701 millions
Stonex Group Inc -9.79%$ -9.791 millions
City Holding Company-10.50%$ -10.498 millions
Seven Hills Realty Trust-10.58%$ -10.577 millions




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