AP NEWS

Southside Bancshares: 4Q Earnings Snapshot

January 31, 2020 GMT

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SBSI at https://www.zacks.com/ap/SBSI