Southside Bancshares (SBSI) Misses Q1 EPS by 36c
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Southside Bancshares, Inc. Announces Financial Results for the First Quarter Ended March 31, 2020
May 5, 2020 6:30 AM EDTFirst quarter provision for credit losses of $25.2 million; largely worsening economic forecast, COVID-19 related;Linked quarter loans increased $32.8 million, or 0.9%, to $3.60 billion from $3.57 billion;Linked quarter nonperforming assets as a percent of total assets decreased to 0.24% from 0.26%;Linked quarter tax-equivalent net interest margin(1) increased 5 basis points to 3.03% from 2.98%.
TYLER, Texas, May 05, 2020 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (Southside or the Company) (NASDAQ: SBSI) today... More
