Southside Bancshares, Inc. (SBSI) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everyone. Thank you for joining us and welcome to Southside Bank Shares Inc. First Quarter 2026 Earnings Call. After today's prepared remarks, we will host a question and answer session. If you would like to ask a question, please press star 1 to raise your hand. To withdraw your question, press star one again. I will now hand the conference over to Lindsay Bales, Senior Vice President, Investor Relations. Lindsay, please go ahead. Thank you, Rebecca. Good morning, everyone, and welcome to Southside Bank Share's first quarter 2026 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'll remind you forward-looking statements are subject to risk and uncertainty. 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 President and CEO Keith Donahoe, CFO Julie Schamburger, and Chief Treasury Officer Sonny Davis. Keith will start us off with his comments on the quarter, then Julie will give an overview of our financial results, and Sonny will end with comments on securities and funding. We will have a Q&A session following Sunny's remarks. I will now turn the call over to Keith. Thank you, Lindsay, and welcome to today's call. We are pleased to report solid financial results for the first quarter of 26. Highlights include strong linked quarter loan growth of 2.7%, increased earnings per share of 78 cents, improved annualized return on average assets of 110, and an annualized return average tangible common equity of $1,439. Lower funding costs resulted in a $441,000 linked quarter increase in net interest income and an improved MIM of $301. Our funding costs b...