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Sep 30
Southside Bancshares Q3 2025 Earnings Report
Southside Bancshares reported a sharp decline in earnings in Q3 2025 due to a significant loss on the sale of available-for-sale securities.
Key Takeaways
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.
Net income fell to $4.9 million due to a $24.4 million loss on the sale of securities.
EPS dropped to $0.16, while adjusted EPS excluding the loss was $0.97.
Loan growth was strong with a $163.4 million increase quarter-over-quarter.
Noninterest income, excluding securities loss, increased to $12.4 million.
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
Management aims to boost future earnings through portfolio restructuring, debt issuance, and continued loan growth, while closely monitoring asset quality and liquidity.
Positive Outlook
- Strong $163.4M loan growth in the quarter
- Issued $150M in subordinated debt to support capital
- Noninterest income improved (excluding securities loss)
- Efficiency ratio remained stable around 53%
- Adjusted EPS shows stronger underlying performance
Challenges Ahead
- Large $24.4M realized loss on AFS securities
- Net income dropped 76% YoY
- ROA and ROE declined significantly
- Nonperforming assets increased by 365% YoY
- ETR dropped to 3.7% due to loss-related tax effects