Southside Bancshares: Q1 Earnings Snapshot

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.

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