Southside Bancshares Q2 FY26 net income rises 23% to $26.8 million; EPS climbs 25% to $0.90 - SBSI News | RalliesSouthside Bancshares Q2 FY26 net income rises 23% to $26.8 million; EPS climbs 25% to $0.90
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SBSI• Outlook
- Management reiterated expectations for mid-single-digit loan growth in 2026.
Q2 earnings and EPS rise
- Southside Bancshares posted Q2 net income of $26.8 million, up 23% from a year earlier.
- Diluted EPS rose 25% to $0.90.
Revenue and margin details
- Net interest income climbed 5.7% to $57.3 million.
- Net interest margin narrowed 0.11 percentage point to 2.80% from Q1.
- Noninterest income increased 15.3% to $14 million.
- Noninterest expense edged down 1.5% to $38.7 million.
Balance sheet and credit quality
- Total assets grew to $8.76 billion.
- Deposits fell 7% to $6.17 billion, driven by a $602.1 million drop in brokered deposits.
- Nonperforming assets were $9.8 million, steady at 0.11% of assets.
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