Southside Bancshares (SBSI) Misses Q4 EPS by 8c, Revenues Miss

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Go back to Southside Bancshares (SBSI) Misses Q4 EPS by 8c, Revenues Miss

Southside Bancshares, Inc. Announces Financial Results for the Three Months and Year Ended December 31, 2018

February 1, 2019 6:30 AM EST

TYLER, Texas, Feb. 01, 2019 (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, 2018.

Southside reported net income of $17.4 million for the three months ended December 31, 2018, an increase of $7.1 million, or 68.2%, compared to $10.3 million for the same period in 2017. Southside reported net income of $74.1 million for the year ended December 31, 2018, an increase of $19.8 million, or 36.5%, compared to $54.3 million for the same period in 2017.

Earnings per diluted common share increased $0.17, or 51.5%, to $0.50 for the three... More