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Southside Bancshares Q1 2025 Earnings Report
Southside Bancshares, Inc. reported its financial results for the first quarter ended March 31, 2025, with net income of $21.5 million and diluted earnings per common share of $0.71.
Key Takeaways
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%.
Net income for the first quarter of 2025 was $21.5 million, consistent with the same period in 2024.
Diluted earnings per common share for the first quarter of 2025 was $0.71, matching the prior year's first quarter.
Annualized return on average assets remained stable at 1.03% for both Q1 2025 and Q1 2024.
Nonperforming assets remained low at 0.39% of total assets, despite an increase from the prior year.
Southside Bancshares
Southside Bancshares
Southside Bancshares Revenue by Segment
Revenue by Segment
Deposit services Revenue
CapyFin.comTrust fees Revenue
CapyFin.comBank-owned life ins. Revenue
CapyFin.comBrokerage services Revenue
CapyFin.comLoss on sale of securities Revenue
CapyFin.comGain on sale of loans Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
Southside Bancshares anticipates mid-single-digit loan growth for 2025, with growth heavily weighted towards the second half of the year. The company continues to manage its loan pipeline and expects payoffs to exceed original projections in the short term.
Positive Outlook
- Solid loan pipeline indicates future growth potential.
- Anticipated mid-single-digit loan growth for 2025.
- Loan growth expected to be heavily weighted in the last half of the year, suggesting stronger performance later.
- Continued focus on managing loan portfolio and pipeline.
- Commitment to maintaining strong capital ratios and liquidity.
Challenges Ahead
- Payoffs exceeding original projections for loans.
- Loan growth expected to be slower in the first half of 2025.
- Potential for continued increases in nonperforming assets.
- Economic concerns forecasted in the CECL model could impact allowance for loan losses.
- Uncertainty regarding the timing and magnitude of future interest rate fluctuations.