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Southside Bancshares (SBSI) Earnings Transcript
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Full-Year Net Income -- $69.2 million, a decrease of $19.3 million or 21.8%, attributed to security portfolio restructuring.
C&I (Commercial and Industrial) Loans : Loans made to businesses, not secured by real estate, generally used for working capital, equipment purchase, or business expansion.
The fourth quarter new loan production totaled approximately $327 million compared to third quarter production of approximately $500 million.
And repurchased 369,804 shares of our common stock at an average price of $28.94 during the fourth quarter.
Noninterest expense was $37.5 million for the fourth quarter, consistent with the last quarter with a slight decrease of $57,000.