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Southside Bancshares, inc (SBSI) Q2 2021 Earnings Call Transcript fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
Southside Bancshares, Inc. Announces Second Quarter Earnings Call apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.
Operator Good day, and thank you for standing by. Welcome to the Southside Bancshares, Inc. First quarter 2021 Earnings Call. [Operator Instructions] After the speaker presentation, there will be a question-and-answer session. [Operator Instructions] I would now like to hand the conference over to Lindsey Bailes. Please go ahead. Lindsey Bailes Vice President, Investor Relations Thank you, Ashley. Good morning, everyone, and welcome to Southside Bancshares first quarter 2021 earnings call. A transcript of today s call will be posted on southside.com under Investor Relations. During today s call and in other disclosures and presentations, I will remind you that any forward-looking statements are subject to risk and uncertainties. Factors that could materially change our current forward-looking assumptions are described in our earnings release and our Form 10-K. ....
Southside Bancshares, Inc. Announces Financial Results for the First Quarter Ended March 31, 2021 Record first quarter net income of $34.1 million, an increase of 762.4%, compared to the same period in 2020; Annualized return on first quarter average assets of 1.99%; Annualized return on first quarter average tangible common equity of 21.22% (1); and Nonperforming assets decreased to 0.22% of total assets. TYLER, Texas, April 23, 2021 (GLOBE NEWSWIRE) Southside Bancshares, Inc. (“Southside” or the “Company”) (NASDAQ: SBSI) today reported its financial results for the quarter ended March 31, 2021. Southside reported net income of $34.1 million for the three months ended March 31, 2021, an increase of $30.1 million, or 762.4%, compared to $4.0 million for the same period in 2020. Earnings per diluted common share increased $0.92, or 766.7%, to $1.04 for the three months ended March 31, 2021, from $0.12 for the same period in 2020. The annual ....
About Southside Bancshares, Inc. Southside Bancshares, Inc. is a bank holding company headquartered in Tyler, Texas, with approximately $7.01 billion in assets as of December 31, 2020. Through its wholly-owned subsidiary, Southside Bank, Southside currently operates 54 branches and a network of 76 ATMs/ITMs throughout East Texas, Southeast Texas and the greater Dallas/Fort Worth, Austin and Houston areas. Serving customers since 1960, Southside Bank is a community-focused financial institution that offers a full range of financial products and services to individuals and businesses. These products and services include consumer and commercial loans, mortgages, deposit accounts, safe deposit boxes, treasury management, wealth management, trust services, brokerage services and an array of online and mobile services. ....