Southside Q2 net income $25.4M ($0.79/diluted), up 21.5% YoY; loans up 4.6% QoQ

SOUTHSIDE BANCSHARES INC

2022-Q2 EPS reported $1.56

Net income $25.4M, diluted EPS $0.79 vs $0.65 YoY; annualized ROAA 1.42%, ROATCE 18.62%.
Net interest margin (FTE) increased to 3.30% from 3.06% YoY and 3.22% prior quarter.
Linked quarter loans ex-PPP grew $173M or 4.6%; total loans $3.96B at quarter end.
Nonperforming assets $11.8M or 0.16% of total assets; allowance for loan losses 0.89%.
Repurchased 223,901 shares in Q2 at avg $39.49; post-Q2 bought 8,613 shares at $35.93.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.