Southside Bancshares, Inc. (SBSI) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everyone. Thank you for joining us and welcome to the Southside Bank Shares Inc. Fourth Quarter and Year-End 2025 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 on your telephone keypad. To withdraw your question, please press star 1 again. I will now hand the call over to Lindsay Bale, SVP. Thank you, Alexandria. Good morning, everyone, and welcome to Southside Bank Share's fourth quarter and year-end 2025 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 forward-looking statements are subject to risk and uncertainties. Factors that could maturely 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 and CFO Julie Shanberger. First, Keith will start us off with his comments on the quarter, and then Julie will give an overview of our financial results. I will now turn the call over to Keith. Thank you, Lindsay, and welcome to today's call. Early in the fourth quarter, market conditions allowed us to continue the partial restructuring of our available for sale securities by selling approximately 82 million of lower yielding long duration municipal securities with a combined taxable equivalent yield of 2.6% and generating a $7.3 million net loss. All sales were completed at the end of October with net proceeds together with additional portfolio cash flows and a $49.7 million sale of a T-bill, reinvested in various low premium, primarily 5.5% coupon agency MBS with an average yield of 536. Similar to the third quarter security sales, ...