SOUTHSIDE BANCSHARES INC

For the period ended Mar 31, 2026. Filed Apr 30, 2026.

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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, 2026 · Filed Apr 30, 2026

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

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Contents

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

	Three Months Ended
	March 31,
	2026	2025
OPERATING ACTIVITIES:
Net income	$23,259	$21,507
Adjustments to reconcile net income to net cash provided by operations:
Depreciation and net amortization	2,576	2,615
Securities premium amortization (discount accretion), net	2,929	1,709
Loan (discount accretion) premium amortization, net	83	232
Provision for (reversal of) credit losses	1,410	758
Stock compensation expense	1,637	914
Deferred tax expense (benefit)	(255)	(315)
Net (gain) loss on sale of AFS securities	—	554
Net loss on premises and equipment	39	5
Gross proceeds from sales of loans held for sale	3,827	3,383
Gross originations of loans held for sale	(3,973)	(2,340)
Net (gain) loss on OREO	(15)	—
Loss on redemption of subordinated notes	791	—
Net change in:
Interest receivable	5,827	10,479
Other assets	(5,855)	656
Interest payable	(3,800)	1,147
Other liabilities	20,557	(17,364)
Net cash provided by (used in) operating activities	49,037	23,940
INVESTING ACTIVITIES:
Securities AFS:
Purchases	(206,859)	(218,691)
Sales	—	120,242
Maturities, calls and principal repayments	105,213	175,596
Securities HTM:
Maturities, calls and principal repayments	27,670	1,577
Proceeds from redemption of FHLB stock and equity investments	9,315	—
Purchases of FHLB stock and equity investments	(11,604)	(381)
Net loan paydowns (originations)	(128,526)	94,944
Purchases of premises and equipment	(4,046)	(2,419)
Proceeds from (purchases of) BOLI	—	1,174
Proceeds from sales of premises and equipment	(17)	—
Net proceeds from sales of OREO	133	—
Proceeds from sales of repossessed assets	8	9
Net cash provided by (used in) investing activities	(208,713)	172,051
(continued)

SOUTHSIDE BANCSHARES, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS (continued)
(UNAUDITED)
(in thousands)
	Three Months Ended
	March 31,
	2026	2025
FINANCING ACTIVITIES:
Net change in deposits	9,334	(63,422)
Net change in other borrowings	146,866	3,255
Proceeds from FHLB borrowings	900,000	1,670,000
Repayment of FHLB borrowings	(795,193)	(1,790,190)
Redemption of subordinated notes	(93,000)	—
Proceeds from stock option exercises	52	71
Cash paid to tax authority related to tax withholding on share-based awards	(224)	(219)
Proceeds from the issuance of common stock for dividend reinvestment plan	233	264
Cash dividends paid	(10,705)	(10,940)
Net cash provided by (used in) financing activities	157,363	(191,181)
Net increase (decrease) in cash and cash equivalents	(2,313)	4,810
Cash and cash equivalents at beginning of period	389,786	426,161
Cash and cash equivalents at end of period	$387,473	$430,971
SUPPLEMENTAL DISCLOSURES FOR CASH FLOW INFORMATION:
Interest paid	$48,367	$45,289
Income taxes paid	$—	$—
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING AND FINANCING ACTIVITIES:
Loans transferred to other repossessed assets and real estate through foreclosure	$12	$54
Unsettled trades to purchase securities	$(106,603)	$—

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