Southside Bancshares (SBSI) Misses Q3 EPS by 3c, Revenues Miss

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Go back to Southside Bancshares (SBSI) Misses Q3 EPS by 3c, Revenues Miss

Southside Bancshares, Inc. Announces Financial Results for the Three and Nine Months Ended September 30, 2018 and Stock Repurchase Plan

October 26, 2018 6:30 AM EDT

TYLER, Texas, Oct. 26, 2018 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (Southside or the Company) (NASDAQ: SBSI) today reported its financial results for the three and nine months ended September 30, 2018.

Southside reported net income of $20.3 million for the three months ended September 30, 2018, an increase of $5.8 million, or 39.9%, compared to $14.5 million for the same period in 2017.  Southside reported net income of $56.8 million for the nine months ended September 30, 2018, an increase of $12.8 million, or 29.0%, compared to $44.0 million for the same period in 2017.

Earnings per diluted common share increased $0.09, or 18.4%, to $0.58 for the... More