Southside Bancshares, Inc. (SBSI) CEO Lee Gibson on Q2 2022 Results - Earnings Call Transcript

Jul. 25, 2022 3:19 PM ETSouthside Bancshares, Inc. (SBSI)
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Southside Bancshares, Inc. (NASDAQ:SBSI) Q2 2022 Earnings Conference Call July 25, 2022 12:00 PM ET


Lindsey Bailes - Vice President of Investor Relations Officer

Lee Gibson - President & Chief Executive Officer

Julie Shamburger - Chief Financial Officer

Conference Call Participants

Brady Gailey - KBW

Brett Rabatin - Hovde Group

Brad Milsaps - Piper Sandler

Matt Olney - Stephens Inc.


Good day and thank you for standing by and welcome to the Southside Bancshares, Inc. Second Quarter 2022 Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker today, Lindsey Bailes, Vice President of Investor Relations. Please go ahead.

Lindsey Bailes

Thank you, Justin. Good morning, everyone and welcome to Southside Bancshares second quarter 2020 earnings call. A transcript of today's call will be posted on under Investor Relations.

During today's call and in other disclosures and presentations, I will remind you that any forward-looking statements are subject to risks and uncertainties. Factors that could materially change our current forward-looking assumptions are described in our earnings release and our Form 10-K. Joining me today are Lee Gibson, President and CEO; and Julie Shamburger, CFO. First, Lee will share his comments on the quarter and then Julie will give an overview of our financial results.

I will now turn the call over to Lee.

Lee Gibson

Good morning, everyone and welcome to Southside Bancshares' Second Quarter Earnings Call for 2022. This morning, we reported strong financial results for the second quarter. Highlights for the quarter included earnings per share of $0.79, a return on average tangible common equity of 18.62%, annualized linked quarter loan growth of 18.3% net of PPP, a linked quarter 8 basis point increase in the net interest margin, an efficiency ratio of 47.7% and continued strong asset quality metrics.

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