SBSI - Southside Bancshares GAAP EPS of $0.87 beats by $0.02 revenue of $67.61M misses by $1.75M
- Southside Bancshares press release ( NASDAQ: SBSI ): Q4 GAAP EPS of $0.87 beats by $0.02 .
- Revenue of $67.61M (+10.1% Y/Y) misses by $1.75M .
- Linked quarter net interest margin increased to 3.19% and net interest margin increased to 3.40%.
- Annualized return on fourth quarter average assets of 1.47%.
- Annualized return on fourth quarter average tangible common equity of 21.35%.
- The efficiency ratio and tax-equivalent efficiency ratio were 48.92% and 46.38%, respectively, for the three months ended December 31, 2022, compared to 50.34% and 47.61%, respectively, for the three months ended December 31, 2021, and 50.09% and 47.42%, respectively, for the three months ended September 30, 2022.
- A provision for credit losses for off-balance-sheet credit exposures of $1.6M and a reversal of provision of $0.7M for the three month periods ended December 31, 2022 and 2021, respectively
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Southside Bancshares GAAP EPS of $0.87 beats by $0.02, revenue of $67.61M misses by $1.75M