Southside Bancshares Q2 2023 EPS $0.81, net income $24.9M, loan growth 4.2% linked quarter

SOUTHSIDE BANCSHARES INC

2023-Q2 EPS reported $1.64

Net income $24.9M ($0.81 diluted EPS), down 2% YoY from $25.4M ($0.79).
Loans grew $176.4M (4.2%) linked quarter to $4.33B.
Deposits increased $279.5M (4.8%) QoQ to $6.12B; brokered deposits $770M.
Nonperforming assets $3.1M, 0.04% of total assets, down 74% YoY.
Board authorized stock repurchase of up to 1.0M shares; none purchased as of July 25.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SOUTHSIDE BANCSHARES INC reported the second quarter ended June 30, 2023 results: net income $24.9 million, EPS $0.81.

Period: the second quarter ended June 30, 2023
Net income: $24.9 million
EPS: $0.81
Result: reported results

Exact text from the filing

Southside reported net income of $24.9 million for the three months ended June 30, 2023, a decrease of $0.5 million, or 2.0%, compared to $25.4 million for the same period in 2022. Earnings per diluted common share increased $0.02, or 2.5%, to $0.81 for the three months ended June 30, 2023, from $0.79 for the same period in 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SOUTHSIDE BANCSHARES INC reported the six months ended June 30, 2023 results: net income $50.9 million, EPS $1.64.

Period: the six months ended June 30, 2023
Net income: $50.9 million
EPS: $1.64
Result: reported results

Exact text from the filing

Net income was $50.9 million for the six months ended June 30, 2023, compared to $50.4 million for the same period in 2022, an increase of $0.5 million, or 1.0%. Earnings per diluted common share were $1.64 for the six months ended June 30, 2023, compared to $1.56 for the same period in 2022, an increase of 5.1%.

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Source: SEC EDGAR

accession 0000705432-23-000144

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