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Dec 31, 2024
Southside Bancshares Q4 2024 Earnings Report
Reported net income and earnings per diluted common share increased compared to the same period in 2023.
Key Takeaways
Southside Bancshares, Inc. reported a net income of $21.8 million for Q4 2024, an increase of $4.5 million, or 25.8%, compared to $17.3 million for the same period in 2023. Earnings per diluted common share increased $0.14, or 24.6%, to $0.71 for the three months ended December 31, 2024, from $0.57 for the same period in 2023.
Fourth quarter net income of $21.8 million.
Fourth quarter earnings per diluted common share of $0.71.
Annualized return on fourth quarter average assets of 1.03%.
Nonperforming assets decreased to 0.04% of total assets.
Southside Bancshares
Southside Bancshares
Forward Guidance
Late fourth quarter loan growth combined with anticipated mid-single digit 2025 loan growth should lead to an increasing net interest margin during 2025.