Southside Bancshares: Fourth Quarter Earnings Overview

Southside Bancshares Announces Fourth Quarter Financial Results

Southside Bancshares Inc., headquartered in Tyler, Texas, has announced a net profit of $21 million for the fourth quarter.

During this period, the company achieved earnings of $0.70 per share.

The parent company of Southside Bank reported total revenue of $107.9 million for the quarter. After accounting for interest expenses, net revenue stood at $64.9 million, which did not meet analysts’ expectations.

Looking at the full year, Southside Bancshares recorded a total profit of $69.2 million, translating to $2.29 per share. Annual revenue reached $246.3 million.