SOUTHSIDE BANCSHARES INC

For the period ended Sep 30, 2026. Filed Oct 29, 2026.

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.

Sep 30, 2026 · Filed Oct 29, 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)

	Nine Months Ended
	September 30,
	2026	2025
OPERATING ACTIVITIES:
Net income	$78,072	$48,233
Adjustments to reconcile net income to net cash provided by operations:
Depreciation and net amortization	7,911	8,005
Securities premium amortization (discount accretion), net	8,048	5,708
Loan (discount accretion) premium amortization, net	508	660
Provision for (reversal of) credit losses	2,240	2,472
Stock compensation expense	3,610	2,390
Deferred tax expense (benefit)	(574)	(546)
Net (gain) loss on sale of AFS securities	—	24,949
Net (gain) loss on premises and equipment	(270)	1,655
Gross proceeds from sales of loans held for sale	10,015	13,050
Gross originations of loans held for sale	(9,652)	(11,601)
Net (gain) loss on OREO	(10)	109
Loss on redemption of subordinated notes	791	—
Net change in:
Interest receivable	4,385	11,311
Other assets	30,561	90
Interest payable	(4,354)	1,648
Other liabilities	17,306	(38,046)
Net cash provided by (used in) operating activities	148,587	70,087
INVESTING ACTIVITIES:
Securities AFS:
Purchases	(530,087)	(594,646)
Sales	—	411,502
Maturities, calls and principal repayments	265,993	424,932
Securities HTM:
Maturities, calls and principal repayments	42,875	18,107
Proceeds from redemption of FHLB stock and equity investments	52,366	39,564
Purchases of FHLB stock and equity investments	(81,726)	(15,190)
Net loan paydowns (originations)	(141,886)	(105,191)
Purchases of premises and equipment	(10,639)	(13,195)
Proceeds from (purchases of) BOLI	1,217	1,143
Proceeds from sales of premises and equipment	575	324
Net proceeds from sales of OREO	288	273
Proceeds from sales of repossessed assets	30	200
Net cash provided by (used in) investing activities	(400,994)	167,823
(continued)

SOUTHSIDE BANCSHARES, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS (continued)
(UNAUDITED)
(in thousands)
	Nine Months Ended
	September 30,
	2026	2025
FINANCING ACTIVITIES:
Net change in deposits	(851,373)	307,291
Net change in other borrowings	685,948	22,931
Proceeds from FHLB borrowings	10,173,000	3,346,000
Repayment of FHLB borrowings	(9,583,386)	(3,976,577)
Net proceeds from issuance of subordinated notes	—	147,619
Redemption of subordinated notes	(93,000)	—
Proceeds from stock option exercises	204	693
Cash paid to tax authority related to tax withholding on share-based awards	(611)	(582)
Purchase of common stock	—	(12,622)
Proceeds from the issuance of common stock for dividend reinvestment plan	676	739
Cash dividends paid	(32,452)	(32,651)
Net cash provided by (used in) financing activities	299,006	(197,159)
Net increase (decrease) in cash and cash equivalents	46,599	40,751
Cash and cash equivalents at beginning of period	389,786	426,161
Cash and cash equivalents at end of period	$436,385	$466,912
SUPPLEMENTAL DISCLOSURES FOR CASH FLOW INFORMATION:
Interest paid	$142,081	$135,262
Income taxes paid	$14,250	$12,500
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING AND FINANCING ACTIVITIES:
Loans transferred to other repossessed assets and real estate through foreclosure	$394	$314
Unsettled trades to sell securities	$—	$9,093

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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.