Every material Form 8-K Southside Bancshares has filed with the SEC since January 28, 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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
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.
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.
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.
Southside Bancshares reported fourth-quarter 2025 net income of $21.0 million, down 3.7% from $21.8 million a year earlier, with diluted EPS of $0.70 versus $0.71. The decline came from a $7.3 million loss on the sale of available-for-sale securities, which offset higher net interest income of $57.2 million. For the full year, net income fell 21.8% to $69.2 million and diluted EPS fell to $2.29 from $2.91.
Q4 2025 net income $21.0 million vs. $21.8 million in Q4 2024; diluted EPS $0.70 vs. $0.71
Q4 2025 included a $7.3 million net loss on sale of AFS securities, after roughly $82 million of municipal securities were sold at the end of October
Full-year 2025 net income $69.2 million, down 21.8%; diluted EPS $2.29 vs. $2.91 in 2024
Net interest margin rose four basis points linked quarter to 2.98% (tax-equivalent); $93 million of subordinated notes to be redeemed February 15, 2026
Southside Bancshares reported third-quarter 2025 net income of $4.9 million, down 76.1% from $20.5 million a year earlier, and diluted EPS of $0.16 versus $0.68. The decline was driven by a $24.4 million net loss on the sale of available-for-sale securities, while net interest income rose 0.5% year over year to $55.7 million.
Q3 2025 net income $4.9 million vs. $20.5 million in Q3 2024; diluted EPS $0.16 vs. $0.68
Net loss on sale of AFS securities of $24.4 million, from about $325 million of securities sold, mostly in September
Net interest income $55.7 million, up $0.3 million (0.5%) year over year; net interest margin 2.81%
Board increased the buyback authorization by 1.0 million shares on October 16, 2025, to a total of 2.0 million shares
Southside Bancshares said its board will add three directors, Keith M. Donahoe, Jeb W. Jones and Raymond C. McKinney, CPA, effective November 15, 2025, and named Mitchell Craddock as chief operating officer, effective upon Brian K. McCabe's retirement on November 14, 2025. The company also raised its stock repurchase authorization by 1.0 million shares, to 2.0 million in total, which leaves about 1.1 million shares remaining under the plan.
Keith M. Donahoe, Jeb W. Jones and Raymond C. McKinney, CPA join the Company and Bank boards effective November 15, 2025; board size rises by three to fourteen members.
Mitchell Craddock, 45, becomes Chief Operating Officer effective upon Brian K. McCabe's retirement on November 14, 2025.
Repurchase authorization increased by 1.0 million shares to a total of 2.0 million; about 868,000 shares have been bought at an average price of $28.43.
Director Emeritus William Sheehy died on October 5, 2025.
Southside Bancshares said CEO Lee R. Gibson will retire effective December 31, 2025, and will stay on the Board as a director. The Board approved Keith Donahoe, the company's current President, to succeed him as CEO and President of the company and Southside Bank on the same date.
Lee R. Gibson retires as CEO effective December 31, 2025, and remains a Board member.
Keith Donahoe, 55, currently President, approved to become CEO and President on Gibson's retirement date.
Donahoe has over 30 years in banking, including 26 years at Frost Bank, and has been Southside President since May 2024.
Gibson will receive director compensation consistent with other non-employee directors after retiring.
Southside Bancshares completed a public offering of $150 million in 7.00% fixed-to-floating rate subordinated notes due 2035, with net proceeds of about $147.75 million. The company intends to use the proceeds for general corporate purposes, which may include redeeming its 3.875% subordinated notes due 2030 on November 15, 2025.
Notes total $150 million, with a 7.00% fixed rate until August 15, 2030, then a floating rate of Three-Month Term SOFR plus 357 basis points
Net proceeds of approximately $147.75 million after underwriting discounts and commissions, before offering expenses
Notes are intended to qualify as Tier 2 capital and rank junior to senior debt and equal with existing subordinated notes
Proceeds may fund redemption of 3.875% notes due 2030 on November 15, 2025, among other uses
Southside Bancshares entered into an underwriting agreement on August 7, 2025, under which it agreed to issue and sell $150 million of 7.00% fixed-to-floating rate subordinated notes due 2035 to underwriters led by Keefe, Bruyette & Woods. The offering is expected to close on or about August 14, 2025, subject to customary closing conditions, and would add $150 million of subordinated debt to the company's obligations.
Notes: $150 million aggregate principal amount of 7.00% fixed-to-floating rate subordinated notes due 2035
Underwriting agreement dated August 7, 2025, among the company, Southside Bank and Keefe, Bruyette & Woods, Inc.
Expected closing on or about August 14, 2025, subject to customary closing conditions
Offering made under an effective Form S-3 registration statement filed April 28, 2023
Southside Bancshares said Chief Operating Officer Brian K. McCabe will retire effective November 14, 2025, after working at the bank in operational roles since 1983 and as COO since 2017. The company expects to appoint Mitchell Craddock, currently Executive Vice President and Associate Chief Operations Officer, as COO before McCabe's retirement date.
Brian K. McCabe notified the company on August 4, 2025 of his decision to retire, effective November 14, 2025
McCabe has been COO since 2017 and has worked at the bank since 1983; he remains an advisory director of the bank
Mitchell Craddock, 45, joined the bank in August 2024 and previously spent 2011 to 2024 at digital banking firm Q2
The board anticipates appointing Craddock as COO prior to November 14, 2025
Southside Bancshares reported second-quarter 2025 net income of $21.8 million and diluted earnings of $0.72 per share, both down from the same quarter of 2024, with noninterest expense and credit loss provisions rising. Linked to the first quarter, net income rose slightly from $21.5 million, and the tax-equivalent net interest margin increased nine basis points to 2.95%.
Net income was $21.8 million, down $2.9 million or 11.6% from $24.7 million a year earlier
Diluted earnings per share were $0.72, down 11.1% from $0.81 in the second quarter of 2024
Tax-equivalent net interest margin rose nine basis points linked quarter to 2.95%
Noninterest expense included a one-time $1.2 million charge for demolishing an old branch facility
At its May 14, 2025 annual meeting, Southside Bancshares shareholders approved the 2025 Incentive Plan, which reserves 1,200,000 shares for awards to employees, officers, directors and consultants. Shareholders also elected four directors, approved executive pay on a non-binding advisory basis, and ratified Ernst & Young LLP as the independent auditor for 2025.
Incentive Plan approved with 18,426,392 votes for, 1,563,164 against and 119,923 abstaining
Directors elected: Shannon Dacus, Alton L. Frailey and Lee R. Gibson, CPA for three-year terms to 2028; Michael J. Bosworth for a one-year term to 2026
Say-on-pay approved with 19,286,484 votes for and 776,285 against
Ernst & Young LLP ratified for the year ending December 31, 2025, with 24,795,212 votes for
Southside Bancshares reported first-quarter 2025 net income of $21.5 million and diluted earnings of $0.71 per share, both unchanged from the same period in 2024. Nonperforming assets rose to $32.2 million from $3.6 million at December 31, 2024, mainly due to a $27.5 million restructured commercial real estate loan, which matters to shareholders because it signals higher credit risk.
Net income of $21.5 million and diluted EPS of $0.71 for both Q1 2025 and Q1 2024
Return on average shareholders' equity was 10.57%, down from 11.02% a year earlier
Nonperforming assets were $32.2 million, or 0.39% of total assets, versus $3.6 million at December 31, 2024
Company paid a first-quarter cash dividend of $0.36 per share on March 6, 2025
Southside Bancshares said its board acknowledged the retirements of directors Tony K. Morgan, John F. Sammons, Jr. and Donald W. Thedford, effective when their terms expire at the 2025 Annual Meeting scheduled for May 14, 2025. The retirements follow the company's mandatory age requirement under its Director Departure Policy and are not due to any disagreement with the board or management, and the three also leave the board of subsidiary Southside Bank.
Directors Tony K. Morgan, John F. Sammons, Jr. and Donald W. Thedford will retire at the 2025 Annual Meeting, scheduled for May 14, 2025.
Morgan and Sammons have served on the board since 2017; Thedford has served since 2009.
The retirements are under the mandatory age requirement in the Director Departure Policy and are not due to any disagreement with the board or management.
The three directors also serve on the board of Southside Bank and will retire from that role at the same time.
Southside Bancshares reported fourth-quarter 2024 net income of $21.8 million, up 25.8% from a year earlier, with diluted earnings per share of $0.71 versus $0.57. For the full year, net income rose 2.1% to $88.5 million and diluted earnings per share reached $2.91. Net interest margin fell to 2.70% in the quarter, and management said it expects margin to increase during 2025.
Q4 2024 net income was $21.8 million, up $4.5 million, or 25.8%, from $17.3 million in Q4 2023.
Q4 2024 diluted EPS was $0.71, compared with $0.57 a year earlier.
Full-year 2024 net income was $88.5 million, up 2.1%, and diluted EPS was $2.91.
Net interest margin decreased to 2.70% from 2.83% a year earlier, and net interest income was $53.7 million, down 1.4%.
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