SOUTHSIDE BANCSHARES INC

For the period ended Jun 30, 2025. Filed Jul 25, 2025.

About this filing

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.

Jun 30, 2025 · Filed Jul 25, 2025

SBSI$35.09+0.0%Stored close · as of Nov 10, 2026

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Contents

CONSOLIDATED STATEMENTS OF INCOME

(in thousands, except per share data)

Three Months Ended · Six Months Ended
	June 30,		June 30,
	2025	2024	2025	2024
Interest income:
Loans	$67,249	$69,684	$134,839	$137,895
Taxable investment securities	6,205	7,009	12,568	13,976
Tax-exempt investment securities	8,483	10,710	16,964	21,798
MBS	13,040	11,084	26,563	21,203
FHLB stock and equity investments	524	573	1,007	906
Other interest earning assets	3,061	5,126	6,909	11,166
Total interest and dividend income	98,562	104,186	198,850	206,944
Interest expense:
Deposits	37,427	38,466	74,674	76,664
FHLB borrowings	3,721	6,455	9,558	12,405
Subordinated notes	935	936	1,867	1,892
Trust preferred subordinated debentures	1,015	1,171	2,029	2,346
Other borrowings	1,198	3,550	2,604	6,681
Total interest expense	44,296	50,578	90,732	99,988
Net interest income	54,266	53,608	108,118	106,956
Provision for (reversal of) credit losses	622	(485)	1,380	(427)
Net interest income after provision for credit losses	53,644	54,093	106,738	107,383
Noninterest income:
Deposit services	6,125	6,157	11,954	12,142
Net gain (loss) on sale of securities AFS	—	(563)	(554)	(581)
Gain (loss) on sale of loans	99	220	154	(216)
Trust fees	1,879	1,456	3,644	2,792
BOLI	833	1,767	1,632	2,551
Brokerage services	1,219	1,081	2,339	2,095
Other	1,990	1,439	3,199	2,498
Total noninterest income	12,145	11,557	22,368	21,281
Noninterest expense:
Salaries and employee benefits	22,272	21,984	44,654	45,097
Net occupancy	3,621	3,750	7,025	7,112
Advertising, travel & entertainment	950	795	1,874	1,745
ATM expense	405	368	783	693
Professional fees	1,401	1,075	2,921	2,229
Software and data processing	3,027	2,860	5,866	5,716
Communications	342	410	725	859
FDIC insurance	955	977	1,902	1,920
Amortization of intangibles	198	307	421	644
Other	6,086	3,239	10,175	6,631
Total noninterest expense	39,257	35,765	76,346	72,646
Income before income tax expense	26,532	29,885	52,760	56,018
Income tax expense	4,719	5,212	9,440	9,834
Net income	$21,813	$24,673	$43,320	$46,184
Earnings per common share – basic	$0.72	$0.81	$1.43	$1.52
Earnings per common share – diluted	$0.72	$0.81	$1.42	$1.52
Cash dividends paid per common share	$0.36	$0.36	$0.72	$0.72

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.