Southside Bancshares Intrinsic Value – Southside Bancshares Reports Mixed Q4 Earnings with GAAP EPS Beat of $0.03
April 27, 2023
Trending News 🌥️
Southside Bancshares ($NASDAQ:SBSI), a financial services holding company headquartered in South Carolina, reported mixed fourth quarter earnings. The company surpassed analysts’ estimates of earnings per share (EPS) by $0.03, reporting a GAAP EPS of $0.83.
However, revenue of $65.38M was below the estimated figure of $69.75M by $4.37M. Southside Bancshares is the holding company for Southside Bank, which offers retail banking services along with a range of commercial and mortgage banking products. The company also provides trust services, insurance products, and investment management services to its customers.
Share Price
On Tuesday, Southside Bancshares reported mixed fourth quarter earnings with an adjusted GAAP EPS beat of $0.03. Despite the strong results, Southside Bancshares stock opened at $33.6 but closed at $32.2, down by 2.6% from the last closing price of 33.1. The lower than expected stock price could be attributed to the market’s uncertainty around the economic impact of the coronavirus pandemic and its potential effects on Southside Bancshares going forward. Despite the market’s reaction, the company is confident in their ability to generate long-term value and growth for shareholders. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Southside Bancshares. More…
| Total Revenues | Net Income | Net Margin |
| – | 106.06 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Southside Bancshares. More…
| Operations | Investing | Financing |
| 226.52 | -634.78 | 405.76 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Southside Bancshares. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 7.79k | 7.04k | – |
Key Ratios Snapshot
Some of the financial key ratios for Southside Bancshares are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.0% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – Southside Bancshares Intrinsic Value
At GoodWhale, we have conducted a comprehensive analysis of SOUTHSIDE BANCSHARES‘s fundamentals. After carefully examining the company’s financials, we have computed a fair value for SOUTHSIDE BANCSHARES’s share at around $39.3. This figure was derived using our proprietary Valuation Line, which is a reliable tool for estimating stock prices. Currently, SOUTHSIDE BANCSHARES’s stock is trading at $32.2, which is significantly lower than its fair value. We can therefore safely say that the stock is currently undervalued by 18.0%. This presents an opportunity for investors to purchase SOUTHSIDE BANCSHARES shares at a discount. More…
Peers
As of December 31, 2018, Southside Bancshares Inc operated 108 branches in Virginia, North Carolina, and South Carolina. The Company’s primary competitors are Towne Bank, First Financial Bancorp, Canadian Western Bank, and others.
– Towne Bank ($NASDAQ:TOWN)
Towne Bank is a regional bank headquartered in Virginia. As of December 31, 2016, the company had $7.0 billion in assets, $5.2 billion in loans, and $5.6 billion in deposits. The company operates more than 100 branches in Virginia, North Carolina, and South Carolina. Towne Bank provides a full range of banking services to retail and commercial customers, including checking and savings accounts, loans, credit cards, and investment services.
– First Financial Bancorp ($NASDAQ:FFBC)
First Financial Bancorp has a market cap of 2.33B as of 2022. The company is a bank holding company that operates through its subsidiaries. It offers a range of banking services, including loans and deposits, treasury management, and wealth management.
– Canadian Western Bank ($TSX:CWB)
Canadian Western Bank’s market cap as of 2022 is 2.15B. The company is a leading provider of banking services in Canada. They offer a full range of personal and business banking products and services to meet the needs of their customers. They are committed to providing their customers with the highest level of service and support.
Summary
Total revenue of $65.38 million was below what analysts had expected, missing estimates by $4.37 million. This news has been welcomed by investors as it signifies a strong earnings performance, even though total revenues fell short of expectations. Looking ahead, investors will likely be focusing on whether the company can achieve greater growth in future quarters to help drive profits and maximize returns.
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