Southside Bancshares (NASDAQ:SBSI) reports 4Q16 Profit Down 2.3%

0
336

Southside Bancshares (NASDAQ:SBSI) reports 4Q16 Profit Down 2.3%

Southside Bancshares (SBSI) reported net income for the fourth quarter of $ 11.57 million or $ 0.43 per share, compared to income of $ 11.69 million or $ 0.44 per share for the year-ago quarter.

The topline results for the fourth quarter decreased to $ 34.64 million from $ 34.70 million in the same quarter last year.

Analysts polled by Thomson Reuters expected Southside Bancshares to earn $ 0.51 per share on revenue of $ 48.98 million for the fourth quarter.

The return on average shareholders equity for the year 2016 was 10.54%, compared to 10.04% for the same period in 2015.

The return on average assets was 0.94% for the year 2016, compared to 0.90% for the same period in 2015.