Southside Bancshares (SBSI) Tops Q1 EPS by 36c

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Go back to Southside Bancshares (SBSI) Tops Q1 EPS by 36c

Southside Bancshares, Inc. Announces Financial Results for the First Quarter Ended March 31, 2021

April 23, 2021 6:00 AM EDT

Record first quarter net income of $34.1 million, an increase of 762.4%, compared to the same period in 2020;Annualized return on first quarter average assets of 1.99%;Annualized return on first quarter average tangible common equity of 21.22%(1); andNonperforming assets decreased to 0.22% of total assets.

TYLER, Texas, April 23, 2021 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (Southside or the Company) (NASDAQ: SBSI) today reported its financial results for the quarter ended March 31, 2021.  Southside reported net income of $34.1 million for the three months ended March 31, 2021, an increase of... More