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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.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SBSI at https://www.zacks.com/ap/SBSI