**Southside Bancshares Reports Financial Results for 2025**

Southside Bancshares, Inc. (SBSI), the holding company for Southside Bank, reported a net income of $69.2 million for the year ended December 31, 2025, compared to $88.5 million for the year ended December 31, 2024. This represents a decrease of $19.3 million, or 21.8%. Diluted earnings per common share were $2.29 for 2025, down from $2.91 in the previous year. The company's total assets stood at $8.51 billion as of December 31, 2025, nearly unchanged from $8.52 billion at the end of 2024. Total loans increased to $4.82 billion, up from $4.66 billion in the prior year, while total deposits rose to $6.87 billion from $6.65 billion.

The decrease in net income was primarily attributed to a $25.8 million decrease in noninterest income, which included a net loss of $32.3 million on the sale of available-for-sale (AFS) securities, compared to a $2.5 million loss in 2024. This was partially offset by a $5.0 million increase in net interest income and a $293,000 decrease in the provision for credit losses. The company's net interest margin increased to 2.81% in 2025 from 2.74% in 2024, while the net interest spread rose to 2.14% from 2.02%. Noninterest expense increased by $4.2 million to $151.4 million, driven by increases in other noninterest expense, professional fees, and advertising, travel, and entertainment expenses.

Key operational developments included the opening of traditional branch locations at Bellwood Park in Tyler, Texas and The Woodlands in the first quarter of 2026. The company's nonperforming assets increased significantly to $38.2 million, representing 0.45% of total assets, compared to $3.6 million, or 0.04% of total assets, at the end of 2024. This increase was primarily due to a $27.5 million increase in restructured loans. The company employed approximately 781 full-time equivalent persons as of December 31, 2025.

Looking ahead, Southside Bancshares expects to continue evaluating expansion opportunities through acquisitions of financial institutions in complementary market areas. The company also anticipates continued regulatory scrutiny and potential new regulations, which may increase the cost of doing business. Management believes that the company and its bank subsidiary will continue to exceed all applicable well-capitalized regulatory capital requirements and the capital conservation buffer in 2026. The company's board of directors increased its authorization under the Stock Repurchase Plan by 1.0 million shares, for a total authorization to repurchase up to 2.0 million shares of the company’s common stock from time to time.

About SOUTHSIDE BANCSHARES INC

Southside Bancshares, Inc. is a Texas-based bank holding company operating Southside Bank, a community-focused financial institution offering retail and commercial banking, wealth management, trust, and brokerage services. It serves East Texas and major Texas markets with 53 branches, emphasizing personalized service, diverse loan products, and deposit accounts. The company benefits from regulatory compliance, strong capital ratios, and a competitive edge through community engagement and comprehensive financial solutions.

This description was generated via AI from an annual report. Updated 8 months ago.

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