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Sep 30, 2025
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.
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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