3rd Qtr Profit for Southside Bancshare Inc.

TYLER, Texas (AP) – Southside Bancshares Inc. (SBSI) on Friday reported third-quarter profit of $19.8 million. The Tyler, Texas-based bank said it had earnings of 58 cents per share. The holding company for Southside Bank posted revenue of $71.7 million in the period. Its revenue net of interest expense was $55.3 million, which missed Street forecasts. Southside Bancshares shares have increased slightly more than 9% since the beginning of the year. The stock has climbed 16% in the last 12 months.