SOUTHSIDE BANCSHARES INC

For the period ended Jun 30, 2026. Filed Jul 24, 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.

Jun 30, 2026 · Filed Jul 24, 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)

	Six Months Ended
	June 30,
	2026	2025
OPERATING ACTIVITIES:
Net income	$50,096	$43,320
Adjustments to reconcile net income to net cash provided by operations:
Depreciation and net amortization	5,262	5,310
Securities premium amortization (discount accretion), net	5,852	3,562
Loan (discount accretion) premium amortization, net	301	389
Provision for (reversal of) credit losses	1,493	1,380
Stock compensation expense	2,658	1,600
Deferred tax expense (benefit)	(13)	(400)
Net (gain) loss on sale of AFS securities	—	554
Net loss on premises and equipment	61	1,293
Gross proceeds from sales of loans held for sale	6,891	8,332
Gross originations of loans held for sale	(5,900)	(6,814)
Net (gain) loss on OREO	(3)	136
Loss on redemption of subordinated notes	791	—
Net change in:
Interest receivable	(1,583)	1,178
Other assets	14,153	1,564
Interest payable	667	586
Other liabilities	555	(32,105)
Net cash provided by (used in) operating activities	81,281	29,885
INVESTING ACTIVITIES:
Securities AFS:
Purchases	(338,418)	(256,059)
Sales	—	120,242
Maturities, calls and principal repayments	212,462	254,464
Securities HTM:
Maturities, calls and principal repayments	37,622	7,747
Proceeds from redemption of FHLB stock and equity investments	19,360	18,112
Purchases of FHLB stock and equity investments	(50,532)	(8,713)
Net loan paydowns (originations)	(132,514)	59,252
Purchases of premises and equipment	(8,771)	(10,366)
Proceeds from (purchases of) BOLI	1,217	1,143
Proceeds from sales of premises and equipment	(22)	(288)
Net proceeds from sales of OREO	133	—
Proceeds from sales of repossessed assets	29	68
Net cash provided by (used in) investing activities	(259,434)	185,602
(continued)

SOUTHSIDE BANCSHARES, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS (continued)
(UNAUDITED)
(in thousands)
	Six Months Ended
	June 30,
	2026	2025
FINANCING ACTIVITIES:
Net change in deposits	(695,764)	(22,321)
Net change in other borrowings	211,130	23,398
Proceeds from FHLB borrowings	4,323,000	2,716,000
Repayment of FHLB borrowings	(3,538,288)	(2,936,383)
Redemption of subordinated notes	(93,000)	—
Proceeds from stock option exercises	71	703
Cash paid to tax authority related to tax withholding on share-based awards	(570)	(558)
Purchase of common stock	—	(11,076)
Proceeds from the issuance of common stock for dividend reinvestment plan	466	514
Cash dividends paid	(21,422)	(21,830)
Net cash provided by (used in) financing activities	185,623	(251,553)
Net increase (decrease) in cash and cash equivalents	7,470	(36,066)
Cash and cash equivalents at beginning of period	389,786	426,161
Cash and cash equivalents at end of period	$397,256	$390,095
SUPPLEMENTAL DISCLOSURES FOR CASH FLOW INFORMATION:
Interest paid	$90,486	$90,146
Income taxes paid	$8,500	$8,750
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING AND FINANCING ACTIVITIES:
Loans transferred to other repossessed assets and real estate through foreclosure	$30	$202
Unsettled trades to purchase securities	$—	$50,514
Unsettled trades to repurchase common stock	$—	$747

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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.