Oct 28, 5:45 PM ET
Southside Bancshares reported third-quarter 2026 net income of $28.0 million, or $0.93 per diluted share, up from $4.9 million, or $0.16, a year earlier. The comparison is distorted by a $24.4 million loss on the sale of securities in the third quarter of 2025, and the company cited higher net interest income and a higher net interest margin as further drivers.
- Q3 net income $28.0 million vs. $4.9 million in Q3 2025; diluted EPS $0.93 vs. $0.16
- Net interest income $60.3 million, up 8.2% year over year; net interest margin 2.92%, up 12 basis points from the prior quarter
- Deposits fell 13.6% year over year to $6.01 billion; nonperforming assets were $15.8 million, or 0.18% of total assets
- Third-quarter cash dividend of $0.37 per share was paid September 3, 2026; no shares were repurchased in the quarter
Read the filing on SEC.gov ↗
Jul 23, 5:51 PM ET
Southside Bancshares reported second-quarter 2026 net income of $26.8 million, or $0.90 per diluted share, up from $21.8 million, or $0.72 per share, a year earlier. The filing also shows net interest margin falling to 2.80% from 2.91% in the first quarter, and total deposits down 7.0% from a year earlier, which shareholders may want to track.
- Net income was $26.8 million for the quarter ended June 30, 2026, up 23.0% from $21.8 million a year earlier; diluted EPS was $0.90 versus $0.72.
- Net interest margin decreased to 2.80% from 2.91% in the March 31, 2026 quarter; net interest income was $57.3 million.
- Total deposits were $6.17 billion at June 30, 2026, down $462.6 million or 7.0% from a year earlier, mainly due to a $602.1 million decrease in brokered deposits.
- The company declared a second-quarter cash dividend of $0.36 per share and did not repurchase any common stock during the quarter.
Read the filing on SEC.gov ↗
Apr 29, 5:49 PM ET
Southside Bancshares reported first quarter 2026 net income of $23.3 million, or $0.78 per diluted share, up from $21.5 million, or $0.71 per share, a year earlier. Net interest income rose 7.1% to $57.7 million and noninterest income rose 23.2% to $12.6 million, while noninterest expense rose 9.4% to $40.6 million. The results were released on April 30, 2026, in a press release furnished as Exhibit 99.1.
- Net income of $23.3 million, up 8.1% from $21.5 million in the first quarter of 2025.
- Diluted earnings per share of $0.78, up 9.9% from $0.71 a year earlier.
- Tax-equivalent net interest margin rose three basis points from the fourth quarter of 2025 to 3.01%; loans rose 2.7% linked quarter to $4.95 billion.
- Nonperforming assets fell to $9.7 million, or 0.11% of total assets, from $38.2 million, or 0.45%, at December 31, 2025.
Read the filing on SEC.gov ↗
Feb 20, 4:10 PM ET
Southside Bank entered a split-dollar life insurance agreement with CEO Keith Donahoe, effective February 19, 2026, under which the bank owns the policies and receives the cash surrender value and part of the net death benefits. Separately, director Michael J. Bosworth will retire at the 2026 Annual Meeting on May 14, 2026, and the board size will shrink from 14 to 13 members.
- If Donahoe dies while employed, his beneficiary receives $2,100,000, increased annually for inflation.
- If Donahoe dies after leaving the bank with vested benefits, his beneficiary receives 1.5 times his final-year base salary, capped at net death proceeds.
- After retirement, the bank will pay an annual gross-up bonus to cover federal income tax on the benefit.
- Director Michael J. Bosworth, on the board since 2017, retires effective at the May 14, 2026 Annual Meeting under the company's Director Departure Policy.
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
