Southside Bancshares, Inc. (NASDAQ:SBSI) Reports 2Q20 Earnings Above Market View

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Southside Bancshares, Inc. (NASDAQ:SBSI) unfold its second quarter earnings results on Wednesday 22nd July 2020 before market open.

The financial products and services provider, reported $ 0.65 income per share for the quarter, beat the consensus estimate of $ 0.37 income per share by $ 0.28 or 75.68 percent.

The quarterly earnings elevated 18.18 percent compared with the same quarter last year.

The firm had revenue of $ 59.46 million for the quarter, compared to the consensus estimate of $ 57.66 million. The revenues outshined analysts estimates by $ 1.80 million or 3.12 percent.

The financial report showed revenues escalated 7.43 percent versus second quarter of last year.

Analysts estimates are from Thompson Reuters, exclude one time gain or loss