Southside Bancshares, Inc. · NYSE:SBSI
Southside Bancshares — Q1 2026 Earnings Presentation
13 slides from Southside Bancshares's earnings presentation, Apr 30, 2026
Slide 1: Southside Bancshares Announces Financial Results for the First Quarter Ended March 31, 2026
SOUTHSIDE BANCSHARES, INC. ANNOUNCES FINANCIAL RESULTS FOR THE FIRST QUARTER ENDED MARCH 31, 2026 • First quarter net income of $23.3 million; • First quarter earnings per diluted common share of $0.78; • Linked quarter loan growth of 2.7%; • Tax-equivalent net interest margin(1) linked quarter incr
Slide 2: Operating results and balance sheet data
salaries and employee benefits expense, loss on redemption of subordinated notes, other noninterest expense and software and data processing expense. Income tax expense increased $0.3 million, or 6.8%, for the three months ended March 31, 2026, compared to the same period in 2025. On a linked quarte
Slide 3: Asset quality, allowance and dividend
lease up period. Nonperforming assets decreased $22.5 million, or 69.8%, compared to $32.2 million, or 0.39% of total assets, at March 31, 2025. The allowance for loan losses totaled $46.0 million, or 0.93% of total loans, at March 31, 2026, compared to $45.1 million, or 0.94% of total loans, at Dec
Slide 4: Conference Call
Conference Call Southside's management team will host a conference call to discuss its first quarter ended March 31, 2026 financial results on Thursday, April 30, 2026 at 11:00 a.m. CDT. The conference call can be accessed by webcast, for listen-only mode, on the company website, https://investors.s
Slide 5: About Southside and Forward-Looking Statements
About Southside Bancshares, Inc. Southside Bancshares, Inc. is a bank holding company with approximately $8.80 billion in assets as of March 31, 2026, that owns 100% of Southside Bank. Southside Bank currently has 55 branches in Texas and operates a network of 71 ATMs/ITMs. To learn more about South
Slide 6: Consolidated Financial Summary (Unaudited)
Southside Bancshares, Inc. Consolidated Financial Summary (Unaudited) (Dollars in thousands) As of 2026 2025 Mar 31, Dec 31, Sep 30, Jun 30, Mar 31, ASSETS Cash and due from banks $ 72,997 $ 81,080 $ 90,519 $ 109,669 $ 103,359 Interest earning deposits 296,986 302,906 365,263 260,357 293,364 Federal
Slide 7: Consolidated Financial Highlights: Income Statement
Southside Bancshares, Inc. Consolidated Financial Highlights (Unaudited) (Dollars and shares in thousands, except per share data) Three Months Ended 2026 2025 Mar 31, Dec 31, Sep 30, Jun 30, Mar 31, Income Statement: Total interest and dividend income $ 102,256 $102,328 $101,896 $ 98,562 $ 100,288 T
Slide 8: Consolidated Financial Highlights: Nonperforming Assets
Southside Bancshares, Inc. Consolidated Financial Highlights (Unaudited) (Dollars in thousands) Three Months Ended 2026 2025 Mar 31, Dec 31, Sep 30, Jun 30, Mar 31, Nonperforming Assets: $ 9,728 $ 38,243 $ 35,608 $ 32,909 $ 32,193 Nonaccrual loans 9,559 10,486 7,955 4,998 4,254 Accruing loans past d
Slide 9: Consolidated Financial Highlights: Loan Portfolio Composition
Southside Bancshares, Inc. Consolidated Financial Highlights (Unaudited) (Dollars in thousands) Three Months Ended 2026 2025 Loan Portfolio Composition Mar 31, Dec 31, Sep 30, Jun 30, Mar 31, Real Estate Loans: Construction $ 641,818 $ 548,570 $ 519,528 $ 470,380 $ 458,101 1-4 Family Residential 717
Slide 10: Average Balances and Average Yields and Rates
Southside Bancshares, Inc. Average Balances and Average Yields and Rates (Annualized) (Unaudited) (Dollars in thousands) The tables that follow show average earning assets and interest bearing liabilities together with the average yield on the earning assets and the average rate of the interest bear
Slide 11: Average Balances and Average Yields and Rates
Southside Bancshares, Inc. Average Balances and Average Yields and Rates (Annualized) (Unaudited) (Dollars in thousands) Three Months Ended September 30, 2025 June 30, 2025 Average Average Average Yield/ Average Yield/ Balance Interest Rate (3) Balance Interest Rate (3) ASSETS Loans (1) $ 4,640,220
Slide 12: Average Balances and Average Yields and Rates
Southside Bancshares, Inc. Average Balances and Average Yields and Rates (Annualized) (Unaudited) (Dollars in thousands) Three Months Ended March 31, 2025 Average Average Yield/ Balance Interest Rate (3) ASSETS Loans (1) $ 4,625,902 $ 68,160 5.98 % Loans held for sale 752 11 5.93 % Securities: Taxab
Slide 13: Non-GAAP Reconciliation (Unaudited)
Southside Bancshares, Inc. Non-GAAP Reconciliation (Unaudited) (Dollars and shares in thousands, except per share data) The following tables set forth the reconciliation of return on average shareholders’ equity to return on average tangible common equity, book value per share to tangible book value