Southside Bancshares (SBSI) Tops Q3 EPS by 26c
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Southside Bancshares, Inc. Announces Financial Results for the Third Quarter Ended September 30, 2020
October 23, 2020 6:30 AM EDTThird quarter diluted earnings per share of $0.82, an increase of 41.4% compared to same period in 2019;Third quarter net income of $27.1 million, an increase of 36.8% compared to same period in 2019;Annualized return on third quarter average tangible equity of 17.73%(1);Nonperforming assets remain low at 0.23% of total assets;Total COVID-19 modified loans decreased 76.5%, to $76.5 million;Allowance for loan losses to total loans, 1.45%.
TYLER, Texas, Oct. 23, 2020 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (Southside or the Company) (NASDAQ:... More
