Southside Bancshares Q2 net income $24.7M ($0.81 EPS); NIM improves linked quarter to 2.74%

SOUTHSIDE BANCSHARES INC

2024-Q2 EPS reported $1.52

Net income $24.7M, EPS $0.81 flat YoY; revenue (net interest + noninterest) $65.2M.
Net interest margin (tax-equivalent) 2.87% (GAAP 2.74%), up 1bp linked quarter.
Nonperforming assets $6.9M (0.08% of assets), up from $3.1M (0.04%) a year ago.
Loans grew 6.0% YoY to $4.59B; deposits grew 6.2% YoY to $6.50B.
Repurchased 57,966 shares at avg $26.22; declared $0.36 dividend.

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