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SBSI - Southside Bancshares' Earnings To Benefit From Loan Growth Next Year
Southside Bancshares Inc.
Earnings of Southside Bancshares (SBSI) are expected to slightly improve next year mostly on the back of loan growth. On the other hand, lower net interest margin and higher non-interest expense are expected to curtail earnings growth.
Loan Growth to Remain Strong
The management's guidance for loan growth, as mentioned in the 3QFY19 conference call, is 6% for both 2019 and 2020. I believe that this rate is achievable as the company operates in Texas, which has been growing strongly despite economic headwinds in the rest of the country. The state of