Southside Bancshares, Inc. (SBSI) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everyone. Thank you for joining us and welcome to Southside Bancshares, Inc. Second Quarter 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 one to raise your hand. To withdraw your question, press star one again. I will now hand the conference over to Lindsey Bailes, SVP, Investor Relations. Lindsey, please go ahead. Thank you, Jade. Good morning, everyone. And welcome to Southside Bancshares' second quarter 2026 earnings call. A transcript of today's call will be posted on Southside.com under investor relations. During today's call and in other disclosures and presentations, I'll remind you that 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 President and CEO Keith Donahoe, CFO Julie Shamburger, 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 Sonny's remarks. I will now turn the call over to Keith. Thank you, Lindsey, and welcome to today's call. Second quarter results are highlighted by earnings per share of 90 cents, A return on average assets of 123 and a return on average tangible common equity of 1609. A $3.6 million increase in length quarter net income was primarily driven by increased non-interest income and a decrease in non-interest expenses. Second quarter funding costs benefited from reduced subordinated debt expense and a slight increase in non-interest bearing deposits. But ove...