Southside Bancshares: 4Q Earnings Snapshot
TYLER, Texas (AP) _ Southside Bancshares Inc. (SBSI) on Friday reported fourth-quarter net income of $17.4 million.
The bank, based in Tyler, Texas, said it had earnings of 50 cents per share.
The holding company for Southside Bank posted revenue of $68.2 million in the period. Its revenue net of interest expense was $55.1 million, which did not meet Street forecasts.
For the year, the company reported profit of $74.1 million, or $2.11 per share. Revenue was reported as $222.2 million.
Southside Bancshares shares have risen almost 4 percent since the beginning of the year. The stock has decreased nearly 4 percent in the last 12 months.