Southside Bancshares: 4Q Earnings Snapshot
TYLER, Texas (AP) _ Southside Bancshares Inc. (SBSI) on Friday reported fourth-quarter profit of $17.3 million.
The bank, based in Tyler, Texas, said it had earnings of 51 cents per share.
The holding company for Southside Bank posted revenue of $71 million in the period. Its revenue net of interest expense was $55.7 million, which topped Street forecasts.
For the year, the company reported profit of $74.6 million, or $2.20 per share. Revenue was reported as $219.8 million.
Southside Bancshares shares have declined roughly 3% since the beginning of the year. The stock has climbed 5% in the last 12 months.