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Southside Bancshares
Southside Bancshares (SBSI) investor relations material
Southside Bancshares Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary29 Jan, 2026
Executive summary
Fourth quarter net income was $21 million, with diluted EPS of $0.70, up $16.1 million (327.2%) sequentially; full-year net income was $69.2 million, down 21.8% year-over-year, mainly due to $32.3 million in AFS securities losses.
Fourth quarter saw $82 million in lower-yielding municipal securities sold and proceeds reinvested in higher-yielding agency MBS to enhance future net interest income and balance sheet flexibility.
Net interest income increased 6.6% year-over-year in Q4 and 2.3% for the year, driven by lower funding costs and a favorable shift in asset/liability mix.
Nonperforming assets rose to 0.45% of total assets, mainly due to a $27.5 million restructured commercial real estate loan.
369,804 shares were repurchased in Q4 at an average price of $28.84; 762,000–800,000 shares remain authorized for repurchase.
Financial highlights
Net interest margin expanded to 2.98%, up 4 basis points sequentially and 15 bps year-over-year.
Efficiency ratio improved to 52.28% in Q4 from 52.99% last quarter and 54.00% a year ago.
Loans grew 3.4% year-over-year to $4.82 billion; deposits increased 3.2% to $6.87 billion.
Allowance for loan losses was $45.1 million (0.94% of loans) at year-end.
Full-year return on average assets was 0.83% and return on average equity was 8.40%, both down from 2024.
Outlook and guidance
Redemption of $93 million in subordinated notes in Q1 2026 is expected to positively impact net interest margin.
Budgeting a 7% increase in non-interest expense for 2026, mainly for software, data platform initiatives, and staff additions.
Q1 2026 non-interest expense forecasted at $39.5 million, including a one-time $800,000 charge for sub debt redemption.
Anticipate loan production to exceed 2025, though payoffs remain a headwind; pipeline rebounded to over $2 billion.
Annual effective tax rate estimated at 17.4% for 2026.
What drove the 965% NPA increase year-over-year?
Explain the increase in subordinated notes balance.
What drove the efficiency ratio improvement?
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Next Southside Bancshares earnings date
Q1 202628 Apr, 2026
Southside Bancshares
Next Southside Bancshares earnings date
Q1 202628 Apr, 2026
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Frequently asked questions
Southside Bancshares Inc. is a bank holding company providing personal and commercial banking services. Its offerings include loans, deposits, wealth management, and online banking solutions to individuals and businesses. The company is headquartered in Tyler, Texas, and its shares are listed on the NASDAQ.
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