Southside Bancshares, Inc. (SBSI) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

and thank you for standing by. Welcome to the Southside Bank Shares, Inc. First Quarter 2025 Earnings Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there'll be a question and answer session. To ask a question during the session, you'll need to press star 11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 11 again. Please be advised that today's conference is being recorded. I would now like to turn the conference over to Lindsay Bales, Vice President, Investor Relations. Please go ahead. Thank you, Lisa. Good morning, everyone, and welcome to Southside Bank Shares' first quarter 2025 earnings call. A transcript of today's call will be posted on southside.com under Investor Relations. During today's call and other disclosures and presentations, I will remind you that Any forward-looking statements are subject to risk and uncertainties. Factors that could materially change our current forward-looking assumptions are described in our earnings release in our Form 10-K. Joining me today are CEO Lee Gibson, President Keith Donahoe, and CFO Julie Schamburger. First, Lee will start us off with his comments on the quarter, then Keith will discuss loans and credit, and then Julie will give an overview of our financial results. I will now turn the call over to Lee. Thank you, Lindsay, and welcome to today's call. Overall, we had a solid first quarter with net income of 21.5 million, resulting in diluted earnings per share of 71 cents, an annualized return on average assets of 1.03 percent, and an annualized return on average tangible common equity of 14.14 percent. Linked quarter, we experienced a 94.4 million or 2% reduction in loans due to ...