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SBSI - Southside Bancshares: Credit Risks Continue To Remain In The Limelight
Southside Bancshares Inc.
Earnings of Southside Bancshares, Inc. (NASDAQ: SBSI) improved to $0.65 per share in the second quarter from $0.12 per share in the first quarter of 2020. The earnings recovery was mostly attributable to a drop in provision expense. Earnings will likely increase in the year ahead because of SBSI’s participation in the Paycheck Protection Program. Additionally, the provision expense will likely remain subdued in the year ahead because the economic outlook is likely to remain stable. Overall, I’m expecting SBSI to report earnings of around $1.90 per share in 2020, down 14% from last