What Southside Bancshares (SBSI) Said on Its Q3 Earnings Call
Southside Bancshares reported third-quarter net income of $28 million, up 4.2% from the prior quarter. Higher loan and securities yields and flat funding costs supported an expansion in net interest margin.
Why it matters — SBSI watchers may note the quarter-over-quarter income increase and the factors supporting wider net interest margin.