Southside Bancshares (SBSI) Tops Q4 EPS by 25c

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Southside Bancshares, Inc. Announces Financial Results for the Fourth Quarter and Year Ended December 31, 2020

January 27, 2021 6:00 AM EST

Record fourth quarter net income of $29.6 million, an increase of 70.6%, compared to the same period in 2019;Record annual net income of $82.2 million, an increase of 10.2%, compared to the same period in 2019;Annualized return on fourth quarter average assets of 1.64%;Annualized return on fourth quarter average tangible equity of 18.71%(1); andNonperforming assets remained low at 0.25% of total assets.

TYLER, Texas, Jan. 27,... More