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Dec 31, 2022
Southside Bancshares Q4 2022 Earnings Report
Reported net income of $27.7 million and EPS of $0.87.
Key Takeaways
Southside Bancshares, Inc. reported net income of $27.7 million for the fourth quarter of 2022, a decrease of $1.0 million, or 3.6%, compared to the same period in 2021. Earnings per diluted common share decreased $0.01, or 1.1%, to $0.87 for the three months ended December 31, 2022, from $0.88 for the same period in 2021.
Fourth quarter net income of $27.7 million.
Linked quarter loan growth of 2.1%.
Linked quarter net interest margin increased to 3.19% and net interest margin (FTE) increased to 3.40%.
Annualized return on fourth quarter average assets of 1.47%.
Southside Bancshares
Southside Bancshares
Forward Guidance
The long-term economic conditions and growth prospects for the markets Southside serves remain solid.