Southside Bancshares Reports Q2 2026 Earnings with Improved Profitability and Loan Growth
Southside Bancshares (SBSI) reported second-quarter earnings for 2026, showing a net income of $26.8 million—a linked-quarter increase of 15.4%. This growth was driven by higher non-interest income and reduced non-interest expenses. Diluted EPS rose to $0.90 from the first quarter's level, while ROAA improved to 1.23% compared to 1.07%, reflecting better profitability. The bank experienced a slight decline in net interest margin (NIM) to 2.90%, down by 11 basis points due to higher funding costs and lower earning asset yields. However, new loan production increased to $487 million from $431 million the previous quarter, despite total loans remaining flat at $4.95 billion because of elevated payoffs in commercial real estate. Deposits fell by 10.3% linked-quarter due primarily to a reduction in brokered deposits, but retail deposit growth offset some losses. Non-interest income also rose significantly, aided by trust fees and BOLI death benefits.
Tickers: $SBSI
Topics: eps_growth financial_performance net_income profitability