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Stock impact report

Southside Bancshares, Inc. Announces Financial Results For The Second Quarter Ended June 30, 2022

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
Second quarter net income of $25.4 million;Linked quarter loan growth, net of Paycheck Protection Program (“PPP”) loans, of 4.6%;Linked quarter net interest margin (FTE) increased to 3.30%(1);Annualized return on second quarter average assets of 1.42%;Annualized return on second quarter average tangible common equity of 18.62%(1); andNonperforming assets remain low at 0.16% of total assets. TYLER, Texas, July 25, 2022 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside” or the “Company”) (NASDAQ: SBSI) today reported its financial results for the quarter ended June 30, 2022. Southside reported net income of $25.4 million for the three months ended June 30, 2022, an increase of $4.1 million, or 19.2%, compared to $21.3 million for the same period in 2021. Earnings per diluted common share increased $0.14, or 21.5%, to $0.79 for the three months ended June 30, 2022, from $0.65 for the same period in 2021. The annualized return on average shareholders’ equity for the three mont Show less Read more
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