TYLER, Texas (AP) _ Southside Bancshares Inc. (SBSI) on Friday reported first-quarter net income of $34.1 million.
The bank, based in Tyler, Texas, said it had earnings of $1.04 per share. Earnings, adjusted for amortization costs, came to $1.06 per share.
The holding company for Southside Bank posted revenue of $67.2 million in the period. Its revenue net of interest expense was $62.9 million, surpassing Street forecasts.
Southside Bancshares shares have risen 23% since the beginning of the year. The stock has risen 40% in the last 12 months.