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Southside Bancshares profit rises 23% to $26.8m
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Southside Bancshares profit rises 23% to $26.8m

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  • Southside Bancshares reported second-quarter net income of $26.8 million, up 23% year over year.
  • Diluted earnings reached $0.90 per share, compared with $0.72 one year earlier.
  • Southside maintained its company forecast for mid-single-digit loan growth in 2026.

Southside Bancshares (NYSE:SBSI) reported second-quarter net income of $26.8 million, up 23%, as revenue increased and expenses declined.

Diluted earnings rose 25% to $0.90 from $0.72 and exceeded analysts’ average estimate of $0.86 per share.

Net interest income rose 5.7% yearly to $57.3 million, while noninterest income increased 15.3% to $14 million.

Following the announcement, the Southside share price was down 0.3% at $34.09 as the company maintained its mid-single-digit loan-growth forecast.

Southside is a Texas-focused bank holding company with approximately $8.80 billion in assets and 55 branches across four state regions.

Recent moves include appointing Donahoe as CEO, restructuring its securities portfolio, announcing a $93 million debt redemption and paying a $0.36 quarterly dividend.

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