SOUTHSIDE BANCSHARES INC
For the period ended Mar 31, 2025. Filed Apr 30, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed Apr 30, 2025
SBSI$35.09+0.0%Stored close · as of Nov 10, 2026
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CONSOLIDATED STATEMENTS OF INCOME
(in thousands, except per share data)
| Three Months Ended | ||
|---|---|---|
| March 31, | ||
| 2025 | 2024 | |
| Interest income: | ||
| Loans | $67,590 | $68,211 |
| Taxable investment securities | 6,363 | 6,967 |
| Tax-exempt investment securities | 8,481 | 11,088 |
| MBS | 13,523 | 10,119 |
| FHLB stock and equity investments | 483 | 333 |
| Other interest earning assets | 3,848 | 6,040 |
| Total interest and dividend income | 100,288 | 102,758 |
| Interest expense: | ||
| Deposits | 37,247 | 38,198 |
| FHLB borrowings | 5,837 | 5,950 |
| Subordinated notes | 932 | 956 |
| Trust preferred subordinated debentures | 1,014 | 1,175 |
| Other borrowings | 1,406 | 3,131 |
| Total interest expense | 46,436 | 49,410 |
| Net interest income | 53,852 | 53,348 |
| Provision for (reversal of) credit losses | 758 | 58 |
| Net interest income after provision for credit losses | 53,094 | 53,290 |
| Noninterest income: | ||
| Deposit services | 5,829 | 5,985 |
| Net gain (loss) on sale of securities AFS | (554) | (18) |
| Gain (loss) on sale of loans | 55 | (436) |
| Trust fees | 1,765 | 1,336 |
| BOLI | 799 | 784 |
| Brokerage services | 1,120 | 1,014 |
| Other | 1,209 | 1,059 |
| Total noninterest income | 10,223 | 9,724 |
| Noninterest expense: | ||
| Salaries and employee benefits | 22,382 | 23,113 |
| Net occupancy | 3,404 | 3,362 |
| Advertising, travel & entertainment | 924 | 950 |
| ATM expense | 378 | 325 |
| Professional fees | 1,520 | 1,154 |
| Software and data processing | 2,839 | 2,856 |
| Communications | 383 | 449 |
| FDIC insurance | 947 | 943 |
| Amortization of intangibles | 223 | 337 |
| Other | 4,089 | 3,392 |
| Total noninterest expense | 37,089 | 36,881 |
| Income before income tax expense | 26,228 | 26,133 |
| Income tax expense | 4,721 | 4,622 |
| Net income | $21,507 | $21,511 |
| Earnings per common share – basic | $0.71 | $0.71 |
| Earnings per common share – diluted | $0.71 | $0.71 |
| Cash dividends paid per common share | $0.36 | $0.36 |
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