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Jun 30, 2023
Southside Bancshares Q2 2023 Earnings Report
Reported financial results for the quarter ended June 30, 2023.
Key Takeaways
Southside Bancshares reported a net income of $24.9 million for the second quarter of 2023, a slight decrease of $0.5 million compared to the same period in 2022. Earnings per diluted common share increased to $0.81, and the annualized return on average assets was 1.29%.
Net income for the second quarter was $24.9 million.
Earnings per diluted common share for the second quarter were $0.81.
Annualized return on average assets for the second quarter was 1.29%.
Nonperforming assets remained low at 0.04% of total assets.
Southside Bancshares
Southside Bancshares
Forward Guidance
The company did not provide any forward guidance in the earnings report.