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AI brief of an SEC Form 8-K · Southside Bancshares (SBSI)

Southside Bancshares Q3 net income rises to $28.0 million, or $0.93 a diluted share

Positive Impact 3 of 5 earnings

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.

Key points

  • 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

The filing

CompanySouthside Bancshares (SBSI)
Form8-K, current report
Filed with the SECOct 28, 2026, 5:45 PM ET
Accession number0000705432-26-000109

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 7, 2026, 11:17 PM ET, from this filing only.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.