Southside Bancshares Inc reported second-quarter 2026 results with revenue of $103.9M, net income of $26.84M and diluted EPS of $0.9, each up versus the year-ago quarter as the company shifted funding sources and expanded fee-based businesses.
Financial Highlights
- Revenue: Total interest and dividend income $103.9M for Q2 2026 vs $98.6M in year-ago quarter (5.4% YoY).
- Net income: $26.84M for Q2 2026 vs $21.81M in the year-ago quarter (23.0% YoY).
- Diluted EPS: $0.90 for Q2 2026 vs $0.72 in the year-ago quarter (25.0% YoY).
Business Highlights
- Revenue momentum: Net interest income and other improvements drove year-over-year net income and EPS growth for the quarter.
- Deposit & funding shift: The company moved from brokered deposits toward wholesale funding via FHLB and FRDW, changing its funding mix and liquidity channels.
- Revenue diversification: Noninterest income rose, supported by trust fees, BOLI, brokerage and swap/mortgage-related fees, reducing reliance on loan interest.
- Operational expansion: Southside opened new branches in Tyler (Bellwood Park) and The Woodlands to bolster market presence and origination capacity.
Original SEC Filing:
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