Southside Bancshares Q1 FY26 net income rises 8.1% to $23.3 million

Southside Bancshares, Inc.

Southside Bancshares, Inc.

SBSI

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  • Southside Bancshares posted first-quarter net income of $23.3 million, up 8.1%.
  • Revenue rose to $72.1 million, up 7.64%.
  • Net interest margin widened to 2.91%, up 0.17 percentage points.
  • Loans climbed 8.3% to $4.95 billion, while nonperforming assets dropped to $9.7 million from $38.2 million.
  • Keith Donahoe said Southside expects further funding-cost savings in the second quarter following the February redemption of $93 million subordinated notes due 2030 carrying a 7.51% rate.


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