Southside Bancshares Earnings Reports

Southside Bancshares saw a steep drop in quarterly net income due to a $24.4 million loss from a restructuring of its securities portfolio, despite modest loan growth and stable net interest income.

Southside Bancshares posted $68.8M in revenue and $21.8M in net income for Q2 2025, with EPS at $0.72. The company maintained strong asset quality and capital ratios, while efficiency improved slightly compared to the prior quarter.

Southside Bancshares, Inc. reported a net income of $21.5 million and diluted EPS of $0.71 for the first quarter of 2025, consistent with the prior year. The company maintained strong asset quality with low nonperforming assets and a healthy return on average assets of 1.03%.

Southside Bancshares, Inc. reported a net income of $21.8 million for Q4 2024, an increase of $4.5 million, or 25.8%, compared to $17.3 million for the same period in 2023. Earnings per diluted common share increased $0.14, or 24.6%, to $0.71 for the three months ended December 31, 2024, from $0.57 for the same period in 2023.

Southside Bancshares reported a net income of $20.5 million for Q3 2024, an 11.2% increase compared to Q3 2023. Earnings per diluted common share increased by 13.3% to $0.68. The results were highlighted by an increase in net interest income and strong asset quality.

Southside Bancshares reported a net income of $24.7 million for the second quarter of 2024, a slight decrease of $0.2 million compared to the same period in 2023. Earnings per diluted common share remained the same at $0.81. The annualized return on average assets was 1.19%.

Southside Bancshares reported a net income of $21.5 million for the first quarter of 2024, a decrease of $4.5 million compared to the same period in 2023. Earnings per diluted common share decreased to $0.71 from $0.83 year-over-year. The decrease in net income was primarily due to a decrease in noninterest income and an increase in noninterest expense.

Southside Bancshares, Inc. reported a net income of $17.3 million for Q4 2023, a decrease of $10.4 million compared to the same period in 2022. Earnings per diluted common share decreased to $0.57 from $0.87 in the same period in 2022. The decrease in net income was primarily due to decreases in noninterest income and net interest income and the increase in noninterest expense.

Southside Bancshares reported a net income of $18.4 million for Q3 2023, a decrease of 31.5% compared to the same period in 2022. Earnings per diluted common share decreased by 28.6% to $0.60. The decrease in net income was primarily due to an increase in the provision for credit losses, the decrease in net interest income, and the increase in noninterest expense.

Southside Bancshares reported a net income of $24.9 million for the second quarter of 2023, a slight decrease of $0.5 million compared to the same period in 2022. Earnings per diluted common share increased to $0.81, and the annualized return on average assets was 1.29%.

Southside Bancshares reported a net income of $26.0 million for Q1 2023, an increase of 4.2% compared to Q1 2022. Earnings per diluted common share increased by 7.8% to $0.83. The company's annualized return on average assets was 1.38%, and nonperforming assets decreased to 0.04% of total assets.

Southside Bancshares, Inc. reported net income of $27.7 million for the fourth quarter of 2022, a decrease of $1.0 million, or 3.6%, compared to the same period in 2021. Earnings per diluted common share decreased $0.01, or 1.1%, to $0.87 for the three months ended December 31, 2022, from $0.88 for the same period in 2021.

Southside Bancshares, Inc. reported a net income of $27.0 million for the third quarter ended September 30, 2022, a decrease of $2.4 million, or 8.0%, compared to the same period in 2021. Earnings per diluted common share decreased $0.06, or 6.7%, to $0.84 for the three months ended September 30, 2022, from $0.90 for the same period in 2021.

Southside Bancshares reported a net income of $25.4 million for the second quarter of 2022, an increase of $4.1 million, or 19.2%, compared to the same period in 2021. Earnings per diluted common share increased $0.14, or 21.5%, to $0.79 for the three months ended June 30, 2022, from $0.65 for the same period in 2021.

Southside Bancshares reported a net income of $25.0 million for Q1 2022, a decrease of $9.1 million compared to Q1 2021. Earnings per diluted common share were $0.77, compared to $1.04 in the same period last year. The results were highlighted by linked quarter loan growth, net of PPP loans, of 4.8%, continued strong asset quality metrics and an efficiency ratio of 48.15%.

Southside Bancshares, Inc. reported a net income of $28.7 million for Q4 2021, a decrease of $0.9 million, or 3.0%, compared to the same period in 2020. Earnings per diluted common share were $0.88 for the three months ended December 31, 2021, compared to $0.89 for the same period in 2020.

Southside Bancshares reported a strong third quarter with net income of $29.3 million, an increase of 8.2% compared to the same period in 2020. The company saw annualized linked quarter deposit growth of 13.5% and loan growth of 7.9%, net of PPP loans. The net interest margin increased to 3.16%.

Southside Bancshares reported a net income of $21.3 million for the second quarter of 2021, a slight decrease of 1.1% compared to the same period in 2020. Earnings per diluted common share remained consistent at $0.65. The company saw annualized linked quarter deposit growth of 5.0% and an annualized return on average assets of 1.20%.

Southside Bancshares reported a record first quarter net income of $34.1 million, a significant increase compared to the same period in 2020. This was primarily due to a decrease in the provision for credit losses and overall improvement in economic conditions.

Southside Bancshares, Inc. reported a record fourth quarter net income of $29.6 million, a 70.6% increase compared to the same period in 2019. Earnings per diluted common share increased to $0.89, up from $0.51 in the same period of the previous year. The increase in net income was driven by an increase in net interest income and a decrease in provision for credit losses.

Southside Bancshares reported a net income of $27.1 million for the quarter ended September 30, 2020, an increase of 36.8% compared to the same period in 2019. Earnings per diluted common share increased 41.4% to $0.82 for the three months ended September 30, 2020, from $0.58 for the same period in 2019.

Southside Bancshares reported a solid second quarter with net income of $21.6 million and earnings per share of $0.65. The results reflect the strength of the balance sheet, capital position, and underlying earnings.

Southside Bancshares reported a net income of $4.0 million for the quarter ended March 31, 2020, a decrease of $14.9 million, or 79.0%, compared to the same period in 2019. Earnings per diluted common share decreased $0.44, or 78.6%, to $0.12 for the three months ended March 31, 2020, from $0.56 for the same period in 2019.

Southside Bancshares, Inc. reported net income of $17.3 million for Q4 2019, a slight decrease compared to $17.4 million for the same period in 2018. Earnings per diluted common share increased to $0.51 from $0.50 in the same period of 2018. The annualized return on average assets was 1.03% for the quarter.