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Southside Bancshares, Inc Announces Financial Results for the First Quarter Ended March 31, 2021

Southside Bancshares, Inc. Announces Financial Results for the First Quarter Ended March 31, 2021 Record first quarter net income of $34.1 million, an increase of 762.4%, compared to the same period in 2020; Annualized return on first quarter average assets of 1.99%; Annualized return on first quarter average tangible common equity of 21.22% (1); and Nonperforming assets decreased to 0.22% of total assets. TYLER, Texas, April 23, 2021 (GLOBE NEWSWIRE) Southside Bancshares, Inc. (“Southside” or the “Company”) (NASDAQ: SBSI) today reported its financial results for the quarter ended March 31, 2021.  Southside reported net income of $34.1 million for the three months ended March 31, 2021, an increase of $30.1 million, or 762.4%, compared to $4.0 million for the same period in 2020.  Earnings per diluted common share increased $0.92, or 766.7%, to $1.04 for the three months ended March 31, 2021, from $0.12 for the same period in 2020.  The annualized return on averag

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