Southside Bancshares (SBSI) Tops Q2 EPS by 4c

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Southside Bancshares, Inc. Announces Financial Results For The Second Quarter Ended June 30, 2022

July 25, 2022 5:45 AM EDT

Second quarter net income of $25.4 million;Linked quarter loan growth, net of Paycheck Protection Program (PPP) loans, of 4.6%;Linked quarter net interest margin (FTE) increased to 3.30%(1);Annualized return on second quarter average assets of 1.42%;Annualized return on second quarter average tangible common equity of 18.62%(1); andNonperforming assets remain low at 0.16% of total assets.

TYLER, Texas, July 25, 2022 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (Southside or the Company) (NASDAQ:... More