Southside Bancshares Reports Q3 2026 Earnings Growth Driven by Net Interest Margin Expansion
Southside Bancshares (SBSI) reported third-quarter 2026 results featuring a net income of $28 million, a 4.2% increase from the previous quarter. This growth was primarily driven by an expansion in tax-equivalent net interest margin to 3.0%, up 12 basis points from Q2, resulting from improved yields on loans and securities. Diluted earnings per share rose 3.3% to $0.93. Despite the bottom-line growth, management issued moderated loan growth guidance for the remainder of 2026, projecting low to mid-single digits due to slowing commercial real estate originations and significant loan payoffs. The bank also noted increased competition in the deposit market, leading to a decrease in total deposits and an increase in wholesale funding to offset maturing certificates of deposit.
Tickers: $SBSI
Topics: Commercial Real Estate EPS Loan Growth Net Income Net Interest Margin