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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 2020 FY 2019 FY 2018 FY 2017
IV Quarter December - 74.55 17.38 10.33
III Quarter September - 19.79 20.30 14.51
II Quarter June - 18.61 20.20 14.48
I Quarter March 3.95 18.82 16.25 14.99
FY   3.95 131.77 74.13 54.31



SBSI Net Income first quarter 2020 Y/Y Growth Comment
Southside Bancshares Inc reported drop in Net Income in the first quarter by -79% to $ 3.95 millions, from the same quarter in 2019.
The fall in the first quarter Southside Bancshares Inc 's Net Income compares unfavorably to the Company's average Net Income growth of 5.98%.

Looking into first quarter results within Regional Banks industry 76 other companies have achieved higher Net Income growth. While Southside Bancshares Inc ' s Net Income meltdown of -79% ranks overall at the positon no. 973 in the first quarter.




SBSI Net Income ( Y/Y Growth %) 2020
2019 2018 2017
IV Quarter December - 328.94 % 68.25 % -10.72 %
III Quarter September - -2.51 % 39.9 % 12.74 %
II Quarter June - -7.87 % 39.5 % 27.02 %
I Quarter March -79 % 15.82 % 8.41 % 10.87 %
FY   - 77.76 % 36.49 % 10.03 %

Financial Statements
Southside Bancshares Inc 's first quarter 2020 Net Income $ 3.95 millions SBSI's Income Statement
Southside Bancshares Inc 's first quarter 2019 Net Income $ 18.82 millions Quarterly SBSI's Income Statement
New: More SBSI's historic Net Income Growth >>


SBSI Net Income (Quarter on Quarter Growth %)

2020
2019 2018 2017
IV Quarter December - 276.71 % -14.38 % -28.81 %
III Quarter September - 6.34 % 0.5 % 0.21 %
II Quarter June - -1.12 % 24.31 % -3.4 %
I Quarter March -94.7 % 8.29 % 57.31 % 29.56 %
FY (Year on Year)   - 77.76 % 36.49 % 10.03 %




Net Income first quarter 2020 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #77
Financial Sector #304
Overall #973

Net Income Y/Y Growth Statistics
High Average Low
76.64 % 5.98 % -43.64 %
(Dec 31 2019)   (Dec. 30, 2014)
Net Income first quarter 2020 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #77
Financial Sector #304
Overall #973
Net Income Y/Y Growth Statistics
High Average Low
76.64 % 5.98 % -43.64 %
(Dec 31 2019)   (Dec. 30, 2014)

Net Income by Quarter for the Fiscal Years 2017, 2018, 2019, 2020

Southside Bancshares Inc 's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
276.69 % 5.12 % -100 %
(Dec 31 2019)  


SBSI's I. Quarter Q/Q Net Income Comment
In the I. Quarter 2020 Southside Bancshares Inc reported fall in Net Income sequentially by -94.7% to $ 3.95 millions, from $ 74.55 millions released a quarter before.

Even cyclical factors which normally fuel I. Quarter 2020 results, could not salvage the I. Quarter for the Southside Bancshares Inc , Ian Parker, an industry researcher from Boston wrote, he mentioned some pessimism conserning SBSI's outlook, he detected additional difficulties down the road for Southside Bancshares Inc and wrote that average quarter on quarter Net Income growth is at 5.12% for Southside Bancshares Inc .

Within Regional Banks industry 96 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 1084.


Net Income Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #97
Financial Sector #360
Overall #1084
Net Income Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #97
Financial Sector #360
Overall #1084
Net Income Q/Q Growth Statistics
High Average Low
276.69 % 5.12 % -100 %
(Dec 31 2019)  


SBSI's I. Quarter Q/Q Net Income Comment
In the I. Quarter 2020 Southside Bancshares Inc reported fall in Net Income from the previous quarter by -94.7% to $ 3.95 millions, from $ 74.55 millions declared in the previous reporting period.

Those periodic influence which usually elevate I. Quarter 2020 performance, have not salvage the I. Quarter for the Southside Bancshares Inc , Ian Parker, an industry researcher from Boston wrote, he identified new headwinds onward for the Regional Banks's company.

Within Regional Banks industry 96 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 1084.


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


Net Income TTM Growth

12 Months Ending
(Mar 31 2020)
12 Months Ending
(Dec 31 2019)
12 Months Ending
(Sep 30 2019)
12 Months Ending
(Jun 30 2019)
12 Months Ending
(Mar 31 2019)
Cumulative Net Income 12 Months Ending $ 116.91 $ 131.77 $ 74.60 $ 75.11 $ 76.70
Y / Y Net Income Growth (TTM) 52.42 % 77.74 % 11.2 % 22.54 % 38.02 %
Year on Year Net Income Growth Overall Ranking # 174 # 321 # 865 # 384 # 131
Seqeuential Net Income Change (TTM) -11.28 % 76.64 % -0.68 % -2.08 % 3.46 %
Seq. Net Income Growth (TTM) Overall Ranking # 973 # 215 # 1161 # 663 # 163




Cumulative Net Income growth Comment
Assuming the Southside Bancshares Inc 's fiscal year would have ended in Mar 31 2020, Southside Bancshares Inc would have reprted above average annual Net Income growth of 52.42% year on year, of $ 117 millions.
This marks a slow-down of the companys growth trends and from the 77.74% increase in Dec 31 2019.

In the Financial sector 41 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 174, from total ranking in previous quarter at 321.

Net Income TTM Q/Q Growth Statistics
High Average Low
76.64 %
5.98 %
-43.64 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 77
Financial Sector # 42
Overall # 174

Net Income TTM Y/Y Growth Statistics
High Average Low
118.91 %
22.3 %
-49.42 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 77
Sector # 304
S&P 500 # 973
Cumulative Net Income growth Comment
Assuming the Southside Bancshares Inc 's fiscal year would have ended in Mar 31 2020, Southside Bancshares Inc would have reprted above average annual Net Income growth of 52.42% year on year, of $ 117 millions.
This marks a slow-down of the companys growth trends and from the 77.74% increase in Dec 31 2019.

In the Financial sector 41 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 174, from total ranking in previous quarter at 321.

Net Income TTM Q/Q Growth Statistics
High Average Low
76.64 %
5.98 %
-43.64 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 77
Financial Sector # 42
Overall # 174

Net Income TTM Y/Y Growth Statistics
High Average Low
118.91 %
22.3 %
-49.42 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 77
Sector # 304
S&P 500 # 973




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 increase for the quarter ending Mar 31 2020 within Financial SectorY/Y Change %Net Income for the quarter ending Mar 31 2020
Public Storage -0.15 %$ -0.147 millions
Fs Bancorp Inc -0.48 %$ -0.482 millions
Oconee Federal Financial Corp -0.63 %$ -0.630 millions
Servisfirst Bancshares Inc -0.66 %$ -0.663 millions
Guaranty Federal Bancshares Inc -0.73 %$ -0.732 millions
Corvel Corp -0.77 %$ -0.769 millions
Macerich Co -1.27 %$ -1.267 millions
Mgic Investment Corp -1.41 %$ -1.406 millions
Avalonbay Communities inc -1.42 %$ -1.415 millions
Saul Centers Inc -1.45 %$ -1.452 millions
Consumers Bancorp Inc -1.64 %$ -1.643 millions
United Bancorp Inc -2.17 %$ -2.169 millions
First Capital Inc -2.47 %$ -2.465 millions
Unitedhealth Group Incorporated -2.59 %$ -2.586 millions
First Financial Bankshares Inc -2.67 %$ -2.667 millions
Malvern Bancorp Inc -2.95 %$ -2.950 millions
Coastal Financial Corp -2.99 %$ -2.991 millions
W P Carey Inc -3.04 %$ -3.044 millions
Bank Of Marin Bancorp -3.36 %$ -3.356 millions
Norwood Financial Corp -3.48 %$ -3.480 millions
C and F Financial Corp -3.50 %$ -3.500 millions
Mackinac Financial Corp -3.66 %$ -3.663 millions
Retail Properties Of America Inc -3.67 %$ -3.667 millions
Embassy Bancorp Inc -3.72 %$ -3.723 millions
Site Centers Corp -4.06 %$ -4.064 millions
Sei Investments Company -4.16 %$ -4.158 millions
Community Bank System Inc -4.32 %$ -4.320 millions
Rayonier Inc -4.94 %$ -4.936 millions
Eagle Financial Services Inc -5.06 %$ -5.056 millions
Atlanticus Holdings Corp -5.18 %$ -5.181 millions


       
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