Southside Bancshares (SBSI) Misses Q4 EPS by 3c

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Go back to Southside Bancshares (SBSI) Misses Q4 EPS by 3c

Southside Bancshares, Inc. Announces Net Income for the Three Months and Year Ended December 31, 2015

January 29, 2016 7:01 AM EST

TYLER, Texas, Jan. 29, 2016 (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, 2015.

Southside reported net income of $11.7 million for the three months ended December 31, 2015, an increase of $15.6 million, or 396.4%, when compared to a net loss of $3.9 million for the same period in 2014.  Net income for the year ended December 31, 2015 increased $23.2 million, or 111.2%, to $44.0 million when compared to $20.8 million for the same period in 2014.

Diluted earnings (losses) per common share were $0.46 and $(0.19) for the three months... More