Business
Southside Bancshares, Inc. Announces Financial Results for the First Quarter Ended March 31, 2025
First quarter net income of $21.5 million;First quarter earnings per diluted common share of $0.71;Annualized return on first quarter average assets of 1.03%;Annualized return on first quarter average tangible common equity of 14.14%(1); andNonperforming assets remain low at 0.39% of total assets. TYLER, Texas, April 29, 2025 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside” or the “Company”) (NYSE: SBSI) today reported its financial results for the quarter ended March 31, 2025. Souths
About this update from Southside Bancshares, Inc.
[{"type":"image","alt":"Southside Bancshares, Inc.","displaySize":"","headline":null,"caption":"Southside Bancshares, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":100,"url":"https://media.zenfs.com/en/globenewswire.com/c170510e248ef6343dd7c2a318300262"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/NslatrKVabjj_V2.C8jUaQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTE0MDtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/c170510e248ef6343dd7c2a318300262","width":300,"height":100}},"lazy":false},{"type":"list","items":[{"val":[{"type":"text","content":"First quarter net income of $21.5 million;","length":42,"tagName":"p"}]},{"val":[{"type":"text","content":"First quarter earnings per diluted common share of $0.71;","length":57,"tagName":"p"}]},{"val":[{"type":"text","content":"Annualized return on first quarter average assets of 1.03%;","length":59,"tagName":"p"}]},{"val":[{"type":"text","content":"Annualized return on first quarter average tangible common equity of 14.14%(1); and","length":83,"tagName":"p"}]},{"val":[{"type":"text","content":"Nonperforming assets remain low at 0.39% of total assets.","length":57,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":298,"olType":false},{"type":"text","content":"TYLER, Texas, April 29, 2025 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside” or the “Company”) (NYSE: SBSI) today reported its financial results for the quarter ended March 31, 2025. Southside reported net income of $21.5 million and earnings per diluted common share of $0.71 for both of the three month periods ended March 31, 2025 and 2024. The annualized return on average shareholders’ equity for the three months ended March 31, 2025 was 10.57%, compared to 11.02% for the same period in 2024. The annualized return on average assets was 1.03% for both of the three month periods ended March 31, 2025 and 2024.","length":633,"tagName":"p"},{"type":"text","content":"“We are pleased to report financial results for the first quarter ended March 31, 2025, which included earnings per share of $0.71, a return on average assets of 1.03%, and a return on average tangible common equity of 14.14%,” stated Lee R. Gibson, Chief Executive Officer of Southside. “Linked quarter, the net interest margin increased three basis points to 2.86%, net interest income increased $145,000 to $53.9 million, ...