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Sep 30, 2024
Southside Bancshares Q3 2024 Earnings Report
Southside Bancshares' Q3 2024 financial results were announced, demonstrating an increase in net income and earnings per share compared to the same period in 2023.
Key Takeaways
Southside Bancshares reported a net income of $20.5 million for Q3 2024, an 11.2% increase compared to Q3 2023. Earnings per diluted common share increased by 13.3% to $0.68. The results were highlighted by an increase in net interest income and strong asset quality.
Net income increased by 11.2% to $20.5 million compared to the same period last year.
Earnings per diluted common share rose by 13.3% to $0.68.
Net interest income increased by $1.86 million compared to the previous quarter, with the net interest margin rising to 2.95%.
Nonperforming assets remained low at 0.09% of total assets.
Forward Guidance
The company did not provide specific forward guidance in the earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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