Southside Bancshares, Inc. Announces Financial Results for the Third Quarter Ended September 30, 2026
Business Wire•29/10/2026•05:45 ET
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Key Highlights
- ➤Q3 net income $28.0 million, up 469.4% year over year
- ➤Q3 diluted EPS $0.93, up 481.3% year over year
- ➤Net interest margin rose 12 basis points to 2.92% linked quarter
- ➤Total deposits fell 13.6% year over year to $6.01 billion
- ➤Nonperforming assets remained low at 0.18% of total assets
Expert Statements
Keith Donahoe, President and Chief Executive Officer of Southside Bancshares
“We reported excellent financial results for the third quarter ended September 30, 2026, highlighted by earnings per diluted common share of $0.93, a return on average assets of 1.27% and a return on average tangible common equity of 16.31%.”
Keith Donahoe, President and Chief Executive Officer of Southside Bancshares
“Linked quarter net interest income increased $3.0 million and the net interest margin((1)) increased 12 basis points to 3.02%.”
Keith Donahoe, President and Chief Executive Officer of Southside Bancshares
“Noninterest income declined for the quarter; however, we continue to experience increases in trust fees, largely driven by a 10% year-to-date growth in assets under management, as well as increases in brokerage fees.”
Keith Donahoe, President and Chief Executive Officer of Southside Bancshares
“Asset quality metrics remain solid with declining classified loans and a nonperforming assets to total assets ratio of 0.18%.”
Southside Bancshares, Inc. Announces Financial Results for the Third Quarter Ended September 30, 2026
* Net interest margin and tax-equivalent net interest margin((1)) linked quarter both increased 12 basis points to 2.92% and 3.02%, respectively;
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