Southside Bancshares, Inc. · NYSE:SBSI
Southside Bancshares — Shareholder Meeting (May 2026)
25 slides from Southside Bancshares's shareholder meeting presentation, May 14, 2026
Slide 1: NYSE & NYSE Texas: SBSI
NYSE & NYSE Texas: SBSI May 14, 2026
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: A Year in Review
A Year in Review • Celebrated 65 Years of Southside • "Best Banks to Work For" for fourth consecutive year • Dual Listing on NYSE Texas • Continued strong asset quality metrics • Successfully issued $150 million in new subordinated debt • Ended 2025 with strong financial position, including a strate
Slide 4: US Treasury Yield Curve
US Treasury Yield Curve 4.75% 4.49% 4.50% 4.39% 4.30% 4.27% 4.41% 4.25% 4.10% 4.22% 4.00% 4.00% 4.04% 3.92% 3.75% 3.72% 3.69% 3.50% 1 Month 3 Month 2 Year 5 Year 7 Year 10 Year US Treasury Actives Curve 5/15/2025 US Treasury Actives Curve 5/7/2026
Slide 5: Total Return Performance
Total Return Performance • $100,000 invested in SBSI on 12/31/2015 was worth $201,540 on 12/31/2025 300 250 200 150 100 50 12/31/15 12/31/16 12/31/17 12/31/18 12/31/19 12/31/20 12/31/21 12/31/22 12/31/23 12/31/24 12/31/25 SBSI Russell 2000 Index Peer Group
Slide 6: Strategic Initiatives
Strategic Initiatives ◦ Succession Planning & Team Development ◦ Culture Development ◦ Revenue Growth ◦ Brand Recognition ◦ Expense Control
Slide 7: 2026 Goals
2026 Goals • 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 servic
Slide 8: Loan Pipeline
Loan Pipeline • Strong first quarter loan growth, 10.8% annualized • Loan pipeline of $1.3 billion ◦ 45% term loans and 55% construction loans • C&I Expansion Progress, 24% of pipeline • Expecting mid-single digit loan growth for 2026
Slide 9: 2025 Financial Highlights
2025 Financial Highlights • Net income of $69.2 million, a $19.3 million decrease • Earnings per diluted share of $2.29, a 21.3% decrease • Net interest income of $221.1 million, a 2.3% increase • Net interest margin(1) increase to 2.93% from 2.88% • Strong capital and liquidity levels • Cash divide
Slide 10: Financial Results Three Months Ended
Financial Results Three Months Ended March 31, 2026 March 31, 2025 %Chg. Net Income (in thousands) $ 23,259 $ 21,507 8.2% EPS (diluted) $ 0.78 $ 0.71 9.9% ROAE 10.96 % 10.57 % ROAA 1.10 % 1.03 % Efficiency Ratio (FTE) (1) 54.98 % 55.04 % (1) Calculated on a fully taxable-equivalent basis (FTE.) See
Slide 11: Profitability
Profitability Net Income ($mm) Net Interest Income ($mm) $100.0 $88.5 $250.0 $221.1 $216.1 $69.2 $200.0 $150.0 $50.0 $100.0 $21.5 $23.3 $53.9 $57.7 $50.0 $— $0.0 2024 2025 Q1 2025 Q1 2026 2024 2025 Q1 2025 Q1 2026 ROAA ROATCE(1) Efficiency Ratio (FTE)(1) 1.10% 53.5% 1.06% 14.39% 14.92% 55.0% 53.5% 1
Slide 12: Balance Sheet Mix
Balance Sheet Mix Earning Assets Funding Earning Assets Funding Earning Assets Funding (Dollars in billions) 87.4% 90.5% 88.7% 61.4% 34.7% 1.5% 60.7% 3.4% 59.4% 36.4% 9.6% 35.5% 4.1% $10.00 2.8% $8.80 $8.52 $8.51 $7.50 $6.87 $6.87 $6.65 $4.82 $4.95 $5.00 $4.66 $2.86 $2.73 $2.89 $2.50 $0.73 $0.21 $0.
Slide 13: Quarterly Yield & Cost Trends
Quarterly Yield & Cost Trends 6.00% 5.00% 5.23% 5.25% 5.27% 5.24% 5.26% 4.00% 2.95% 2.94% 2.98% 3.01% 2.86% 3.00% 2.50% 2.43% 2.46% 2.38% 2.36% 2.00% 3/31/2025 6/30/2025 9/30/2025 12/31/2025 03/31/2026 Average Yield on Earning Assets Cost of Funds Net Interest Margin (FTE)(1) (1) Calculated on a ful
Slide 14: Loan Portfolio
Loan Portfolio Loan Balances Loans 3/31/2026 Loans to Construction $5,000 8.00% Individuals, , 13% 1% Commercial $4,000 7.50% Loans, 9% Commercial Municipal RE, 56% Loans, 7% $3,000 7.00% 1-4 Family Residential, $2,000 6.50% 14% Loan Type $mm % $1,000 6.00% Real Estate Loans (RE): Construction $ 642
Slide 15: Asset Quality Trends
Asset Quality Trends NPAs / Loans and OREO(1)(2) ALLL / NPLs(1) 1,408.4% 0.79% 1,093.6% 0.26% 479.1% 0.09% 0.20% 341.4% 0.08% 118.7% 2022 2023 2024 2025 Q1 2026 2022 2023 2024 2025 Q1 2026 (1) Pursuant to our adoption of ASU 2022-02, effective January 1, 2023, we prospectively discontinued the recog
Slide 16: Securities Portfolio
Securities Portfolio Total Securities Securities 3/31/2026 $3,000 5.00% Commercial, —% State & 4.50% Residential, 53% Political subdivisions , 43% $2,000 4.00% 3.50% Corporate $1,000 3.00% Bonds & Other, 4% 2.50% Securities ($mm) HTM(1) AFS Total % State & Political subdivisions $ 1,044 $ 173 $ 1,21
Slide 17: Deposit Composition
Deposit Composition Deposit Balances and Rates Deposit Mix 3/31/2026 Jumbo Time, 17% 3.50% Retail Time, 2% Interest $6,000 3.00% Bearing Demand, 2.50% 51% Savings, 10% $4,000 2.00% Noninterest 1.50% Bearing, 20% $2,000 1.00% Deposits $ MM % 0.50% Interest Bearing Demand $ 3,490 51 % Noninterest Bear
Slide 18: Liquidity & Funding
Liquidity & Funding Total Available As of March 31, 2026 for Future (in thousands) Line of Credit Borrowings Liquidity Swapped FHLB advances $ 2,534,622 $ 315,943 $ 2,218,679 $ — Federal Reserve discount window 649,350 265,000 384,350 230,000 Correspondent bank lines of credit 80,000 — 80,000 — Tota
Slide 19: Capital Ratios
Capital Ratios Consolidated 20.00% 18.54% 16.95% 16.49% 15.00% 14.07% 13.88% 13.66% 13.04% 12.87% 12.68% 9.67% 9.72% 9.74% 10.00% 10.0% 5.00% 8.0% —% Leverage Ratio Tier 1 Capital Total Capital Common Equity Tier 1 Well Capitalized 2024 2025 Q1 2026 Capital Adequacy
Slide 20: Shareholder Returns
Shareholder Returns Diluted Earnings Per Common Share ($) Cash Dividend Per Common Share ($) $3.26 $2.82 $2.91 $1.40 $1.42 $1.44 $1.44 $2.29 $0.72 $0.71 $0.78 2022 2023 2024 2025 Q1 2025 Q1 2026 2022 2023 2024 2025 YTD Q2 2026 Regular Dividend Special Dividend
Slide 21: NYSE & NYSE Texas: SBSI
NYSE & NYSE Texas: SBSI May 14, 2026
Slide 22: Appendix
Appendix
Slide 23: 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 include return on average tangible common equity and the following fully taxable equivalent
Slide 24: Non-GAAP Reconciliation (continued)
Non-GAAP Reconciliation (continued) As of and for the Three Months Ended, (dollars in thousands, except per share data) 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 Net income available to common shareholders $ 21,507 $ 21,813 $ 4,913 $ 20,987 $ 23,259 Plus: After-tax amortization expense 176
Slide 25: Non-GAAP Reconciliation (continued)
Non-GAAP Reconciliation (continued) As of and for the Year Ended December 31, (dollars in thousands, except per share data) 2022 2023 2024 2025 Net income available to common shareholders $ 105,020 $ 86,692 $ 88,494 $ 69,220 Plus: After-tax amortization expense 1,796 1,341 925 586 Adjusted net incom
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