Southside Bancshares (FRA:SU7) Credit Losses Provision : €8.6 Mil (As of Mar. 2024)

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What is Southside Bancshares Credit Losses Provision?

Southside Bancshares's credit losses provision for the three months ended in Mar. 2024 was €0.1 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was €8.6 Mil.

Southside Bancshares's quarterly credit losses provision declined from Sep. 2023 (€6.5 Mil) to Dec. 2023 (€2.1 Mil) and declined from Dec. 2023 (€2.1 Mil) to Mar. 2024 (€0.1 Mil).

Southside Bancshares's annual credit losses provision increased from Dec. 2021 (€-15.0 Mil) to Dec. 2022 (€3.1 Mil) and increased from Dec. 2022 (€3.1 Mil) to Dec. 2023 (€8.4 Mil).

Southside Bancshares Credit Losses Provision Historical Data

The historical data trend for Southside Bancshares's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Southside Bancshares Credit Losses Provision Chart

Southside Bancshares Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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4.59

16.61

-15.01

3.06

8.39

Southside Bancshares Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															-0.04	-0.07	6.55	2.09	0.05

Southside Bancshares Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €8.6 Mil.

Southside Bancshares (FRA:SU7) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Southside Bancshares Inc (FRA:SU7) » Definitions » Credit Losses Provision

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SBSI:USA

Address

1201 South Beckham Avenue, Tyler, TX, USA, 75701

Website

https://www.southside.com

Southside Bancshares Inc is a financial institution offering financial services to individuals, businesses, municipal entities, and non-profit organizations. It provides various services such as personal banking, business banking, mortgage, equity lending, wealth management and trust, and brokerage. The bank generates its revenue in the form of interest income, gains on sales of assets, and fee income.

Southside Bancshares (FRA:SU7) Headlines

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