Southside Bancshares, Inc. · NYSE:SBSI
Southside Bancshares — KBW Winter Financial Services Conference 2026
25 slides from Southside Bancshares's conference presentation, Feb 12, 2026
Slide 1: KBW Winter Financial Services Conference
NYSE & NYSE Texas: SBSI KBW Winter Financial Services Conference February 12, 2026 1
Slide 2: Forward-Looking Statements
Forward-Looking Statements Certain statements of other than historical fact that are contained in this press release and in other written materials, documents and oral statements issued by or on behalf of the Company may be considered to be “forward-looking statements” within the meaning of and subj
Slide 3: Key Management Team
Key Management Team Keith Donahoe, President and Chief Executive Officer • Has served as President of the Company since 2024 • Previously served as Regional President, Central Texas from 2022-2024 • Over 30 years of experience in the banking and financial services industry Julie Shamburger, Chief Fi
Slide 4: Southside Snapshot
Southside Snapshot Company Overview Financial Highlights ($mm) • Founded in 1960 with headquarters in Tyler, TX As of and for the Years Ended • Community-focused financial institution December 31, 2024 2025 • Offers a broad range of consumer, commercial and Balance Sheet mortgage banking services, a
Slide 5: Markets of Operation
Markets of Operation # of Background and Highlights Branches • Founded in 1960 in Tyler, TX East Texas 25 • Leading deposit market share (39%) in Smith County • Tyler metropolitan area population of approximately 240,000 • Acquired Fort Worth Bancshares, Inc. ($129m in Assets) in 2007 and OmniAmeric
Slide 6: Geographic Footprint
Geographic Footprint Geographic Footprint consists of 53 branches in Texas, including 12 grocery store branches 6
Slide 7: Goals for 2026
Goals for 2026 • Maintain asset quality • Continue focus on consistent customer experience across all markets and delivery channels • Increase net-interest income through organic loan & non-maturity deposit growth • Increase non-interest income through metro market expansion of wealth management ser
Slide 8: Financial Results Three Months Ended
Financial Results Three Months Ended December 31, 2025 December 31, 2024 %Chg. Net Income (in thousands) $ 20,987 $ 21,786 (3.67)% EPS (diluted) $ 0.70 $ 0.71 (1.41)% ROAE 9.85 % 10.54 % ROAA 0.99 % 1.03 % Efficiency Ratio (FTE) (1) 52.28 % 54.00 % (1) Calculated on a fully taxable-equivalent basis
Slide 9: Financial Results Year ended
Financial Results Year ended December 31, 2025 December 31, 2024 %Chg. Net Income (in thousands) $ 69,220 $ 88,494 (21.78)% EPS (diluted) $ 2.29 $ 2.91 (21.31)% ROAE 8.40 % 11.03 % ROAA 0.83 % 1.06 % Efficiency Ratio (FTE) (1) 53.48 % 53.52 % (1) Calculated on a fully taxable-equivalent basis (FTE).
Slide 10: Balance Sheet Growth
Balance Sheet Growth Total Assets ($mm) Total Deposits ($mm) Loans HFI ($mm) $9,000 $7,000 $5,000 $8,000 $4,500 $6,000 $4,000 $7,000 $5,000 $3,500 $6,000 $3,000 $4,000 $5,000 $2,500 $4,000 $3,000 $2,000 $3,000 $1,500 $2,000 $2,000 $1,000 $1,000 $1,000 $500 $0 $0 $0 21 22 23 24 25 21 22 23 24 25 21 2
Slide 11: Profitability
Profitability Net Income ($mm) Net Interest Income ($mm) $150.0 $250.0 $215.0 $216.1 $221.1 $212.3 $113.4 $200.0 $189.6 $105.0 $100.0 $86.7 $88.5 $150.0 $69.2 $100.0 $50.0 $50.0 $0.0 $0.0 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 ROAA ROATCE(1) Efficiency Ratio (FTE)(1) 1.59% 18.56% 53.5% 53
Slide 12: Quarterly Yield & Cost Trends
Quarterly Yield & Cost Trends 3.20% 2.98% 3.00% 2.95% 2.94% 2.86% 2.83% 2.80% 2.60% 2.55% 2.50% 2.46% 2.43% 2.38% 2.40% 2.31% 2.20% 2.27% 2.26% 2.20% 2.12% 2.00% 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 (1)(2) (1)(2) (1) Net Interest Spread (FTE) Net Interest Margin (FTE) Cost of Funds (1
Slide 13: Loan Portfolio
Loan Portfolio Loan Balances Loans 12/31/2025 Loans to Individuals, 1% Construction, 11% $5,000 8.00% Municipal Loans, 7% 1-4 Family Commercial Residential, 15% Loans, 9% $4,000 7.50% $3,000 7.00% $2,000 6.50% Commercial RE, 57% $1,000 6.00% Loan Type $mm % $0 5.50% Real Estate Loans (RE): Q4'24 Q1'
Slide 14: Asset Quality Trends
Asset Quality Trends NPAs / Loans and OREO(1)(2) Nonaccrual Loans / Loans(1) 0.22% 0.79% 0.32% 0.26% 0.09% 0.09% 0.07% 0.08% 0.07% 0.07% 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 NCOs / Average Loans ALLL / NPLs(1) 1,408.4% 0.06% 0.06% 1,093.6% 0.02% 0.04% 303.8% 0.02% 341.4% 118.7% 2021 202
Slide 15: Securities Portfolio
Securities Portfolio Total Securities Securities 12/31/2025 $3,000 5.00% Commercial, 1% 4.50% $2,000 4.00% Residential, 50% 3.50% $1,000 3.00% State & Political subdivisions, 45% 2.50% Corporate Bonds $— 2.00% & Other, 4% Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Securities ($mm) HTM(1) AFS Total % State & Poli
Slide 16: Deposit Composition
Deposit Composition Deposit Balances and Rates Deposit Mix 12/31/2025 3.50% Jumbo Time, 17% $6,000 Interest Bearing 3.00% Demand, 50% Retail Time, 2% $5,000 2.50% Savings, 10% $4,000 2.00% $3,000 1.50% Noninterest Bearing, 21% $2,000 1.00% $1,000 Deposits $ MM % 0.50% Interest Bearing Demand $ 3,460
Slide 17: Capital Resources and Liquidity
Capital Resources and Liquidity As of December 31, 2025 Total Available for (in thousands) Line of Credit Borrowings Future Liquidity Swapped FHLB advances $ 2,665,052 $ 211,136 $ 2,453,916 $ 210,000 Federal Reserve discount window 351,776 110,000 241,776 — Correspondent bank lines of credit 80,000
Slide 18: Capital Ratios
Capital Ratios Bank Only 20.00% 17.50% 16.66% 16.66% 16.15% 15.35% 15.62% 15.35% 14.88% 14.88% 15.00% 11.67% 10.49% 10.55% 10.00% 5.00% —% Leverage Ratio Tier 1 Capital Total Capital Common Equity Tier 1 Consolidated 20.00% 10.0% 18.54% 16.49% 15.73% 15.00% 13.32% 14.07% 13.88% 13.04% 12.87% 12.28%
Slide 19: Dividends
Dividends • Southside has Paid a Cash Dividend Every Year Since 1970 and for 114 Consecutive Quarters • Consistent Record of Dividend Increases $1.75 $1.50 $1.42 $1.44 $1.44 $1.40 $1.37 $1.30 $1.26 $1.25 $1.20 $1.11 $1.11 $1.00 $1.01 $1.00 $0.96 $0.90 $0.91 $0.85 $0.75 $0.75 $0.60 $0.50 $0.36 $0.25
Slide 20: Shareholder Returns
Shareholder Returns Tangible Book Value per Common Share(1) ($) Diluted Earnings Per Common Share ($) $21.77 $21.72 $3.47 $20.05 $3.26 $18.82 $2.91 $17.13 $2.82 $2.29 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 (1) See Non-GAAP Reconciliation 20
Slide 21: Appendix
Appendix 21 21
Slide 22: Non-GAAP Reconciliation
Non-GAAP Reconciliation This presentation contains certain financial information determined by methods other than in accordance with accounting principles generally accepted in the United States (GAAP). These non-GAAP financial measures include return on average tangible common equity, tangible book
Slide 23: Non-GAAP Reconciliation (continued)
Non-GAAP Reconciliation (continued) As of and for the Three Months Ended, (dollars in thousands, except per share data) 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 Net income available to common shareholders $ 21,786 $ 21,507 $ 21,813 $ 4,913 $ 20,987 Plus: After-tax amortization expense 196
Slide 24: Non-GAAP Reconciliation (continued)
Non-GAAP Reconciliation (continued) As of and for the Year Ended December 31, (dollars in thousands, except per share data) 2021 2022 2023 2024 2025 Net income available to common shareholders $ 113,401 $ 105,020 $ 86,692 $ 88,494 $ 69,220 Plus: After-tax amortization expense 2,251 1,796 1,341 925 5
Slide 25: KBW Winter Financial Services Conference
NYSE & NYSE Texas: SBSI KBW Winter Financial Services Conference February 12, 2026 25
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