greeksoup/ stock research
Stock research / United States / SBSI / Q2 FY2024

Southside Bancshares (SBSI) Q2 FY2024 earnings: revenue $65 million, up 1.2% on the year

Southside Bancshares Inc. (SBSI) reported revenue of $65 million for Q2 FY2024, the quarter ended 30 June 2024, up 1.2% on the same quarter a year earlier. Net income was $25 million, down 0.9% on the year, and diluted earnings per share $0.81. The figures are the company's own, from the 10-Q it filed with the SEC on 26 July 2024.

Revenue$65 millionup 1.2%
Net income$25 milliondown 0.9%
Diluted EPS$0.81
QuarterQ2 FY2024ended 30 June 2024

The quarter, against the one before and a year earlier

LineQ2 FY2024Q1 FY2024A year earlierChange on the year
Revenue65.263.1n/an/a
Interest expense50.649.4n/an/a
Pre-tax income29.926.1n/an/a
Income tax5.24.6n/an/a
Effective tax rate17.4%17.7%n/a
Net income24.721.5n/an/a
Net margin37.9%34.1%n/a
Diluted EPS$0.81$0.71n/an/a
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

LineQ2 FY2024Q1 FY2024A year earlierChange on the year
Operating cash flow16.558.3n/an/a
Capital expenditure1.12.6n/an/a
Free cash flow15.455.7n/an/a
Cash from investing36.5-183n/an/a
Cash from financing-70.433.5n/an/a
Depreciation and amortisation2.52.5n/an/a
Share-based compensation0.80.8n/an/a
Buybacks1.50.0n/an/a
Dividends paid10.910.9n/an/a
Dividend per share$0.36$0.36n/an/a
Diluted shares, weighted30m30mn/an/a
Shares outstanding at period end30m30mn/an/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

LineQ2 FY2024Q1 FY2024A year earlierChange on the year
Shareholders' equity801788n/an/a
Deposits6,4966,546n/an/a
Repurchase agreements201458n/an/a
Debt152154n/an/a
Other liabilities707408n/an/a
Total liabilities and equity8,3588,354n/an/a
Fixed assets138139n/an/a
Goodwill201201n/an/a
Intangible assets2.32.6n/an/a
Securities held for sale or to maturity2,7122,712n/an/a
Loans4,5474,534n/an/a
Cash and equivalents452469n/an/a
Other assets305295n/an/a
Total assets8,3588,354n/an/a

Questions

What was Southside Bancshares' revenue in Q2 FY2024?

Southside Bancshares (SBSI) reported revenue of $65 million for Q2 FY2024, the quarter ended 30 June 2024, up 1.2% on the same quarter a year earlier.

How much did Southside Bancshares earn in Q2 FY2024?

Net income for Q2 FY2024 was $25 million, down 0.9% on the year, and diluted earnings per share $0.81.

When did Southside Bancshares report Q2 FY2024 results?

Southside Bancshares filed its 10-Q for the quarter ended 30 June 2024 with the SEC on 26 July 2024.

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue64.157.063.165.263.666.064.166.443.762.870.371.3
Interest expense39.844.549.450.6n/an/an/an/an/an/an/an/a
Pre-tax income21.619.526.129.924.926.426.226.55.124.828.332.6
Tax rate14%11%18%17%18%18%18%18%4%15%18%18%
Net income18.417.321.524.720.521.821.521.84.921.023.326.8
Net margin29%30%34%38%32%33%34%33%11%33%33%38%
Diluted EPS$0.60$0.58$0.71$0.81$0.68$0.71$0.71$0.72$0.16$0.70$0.78$0.90
Operating cash flow78.4-56.658.316.5-11.738.823.95.940.223.749.032.2
Capital expenditure1.91.82.61.12.45.12.47.92.87.14.04.7
Free cash flow76.5-58.455.715.4-14.233.721.5-2.037.416.645.027.5
Buybacks5.64.70.01.50.0-0.0n/an/a1.5n/an/an/a
Dividends paid10.711.210.910.910.910.910.910.910.810.710.710.7
Shares outstanding30m30m30m30m30m30m30m30m30m30m30m30m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 30 June 2024, filed 26 July 2024, accession 0000705432-24-000175: the filing on EDGAR. All of Southside Bancshares Inc.'s filings: EDGAR company page.

The same record on your computer

GreekSoup is also a free program for your own computer. It reads these same filings for the names you follow, refreshed as they land, with no account. One pasted line installs it.

Install