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Stock impact report

Southside Bancshares, Inc. Announces Financial Results for the Three Months and Year Ended December 31, 2017

Southside Bancshares, Inc. (SBSI) 
Last southside bancshares, inc. earnings: 1/31 06:30 am Check Earnings Report
US:NASDAQ Investor Relations: southside.com/investor-relations-proxy
Company Research Source: GlobeNewswire
TYLER, Texas, Feb. 06, 2018 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside” or the “Company”) (NASDAQ:SBSI) today reported its financial results for the three months and year ended December 31, 2017. Southside reported net income of $10.3 million for the three months ended December 31, 2017, a decrease of $1.2 million, or 10.7%, compared to $11.6 million for the same period in 2016.  Southside reported net income of $54.3 million for the year ended December 31, 2017, an increase of $5.0 million, or 10.1%, compared to $49.3 million for the same period in 2016. Diluted earnings per common share were $0.33 for the three months ended December 31, 2017, a decrease of $0.09, or 21.4%, compared to $0.42 for the three months ended December 31, 2016.  For the year ended December 31, 2017, diluted earnings per common share were $1.81, the same as for the year ended 2016. The return on average shareholders’ equity for the year ended December 31, 2017 was 9.65%, compared to 10.54 Show less Read more
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