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Southside Bancshares, inc (SBSI) Q3 2021 Earnings Call Transcript

Southside Bancshares, inc (SBSI) Q3 2021 Earnings Call Transcript

Joining me today are Lee Gibson, President and CEO; and Julie Shamburger, CFO. Highlights for the quarter included, earnings per share of $0.90, an ROA of 1.61%, annualized linked quarter loan growth, net of PPP of 7.9%, annualized linked quarter -- deposit growth of 13.5%, an increase in the net interest margin to 3.16% and continued strong asset quality with non-performing assets decreasing to 0.17% of total assets. Linked quarter, our net interest margin increased 10 basis points and our net interest spread increased 11 basis points, primarily due to a 10 basis point increase in the yield on earning assets.