Southside Bancshares, Inc. reported a net income of $26.8 million for the second quarter of 2026, marking a 23% increase from $21.8 million in the same period last year. This growth was driven by a $3.1 million rise in net interest income, which totaled $57.3 million, alongside a $1.9 million increase in noninterest income, which reached $14 million. The company’s earnings per diluted share rose to $0.90, up from $0.72 in the prior year. For the first half of 2026, net income was $50.1 million, a 15.6% increase compared to $43.3 million in the same period of 2025.
In terms of financial position, Southside Bancshares saw total assets increase by $249.1 million, or 2.9%, to $8.76 billion as of June 30, 2026. The company’s loan portfolio also grew, with total loans rising to $4.95 billion, a 2.7% increase from $4.82 billion at the end of 2025. Notably, construction loans and commercial owner-occupied loans saw significant increases of 9.4% and 13.4%, respectively. However, the company experienced a decrease in total deposits, which fell by $695.8 million, or 10.1%, to $6.17 billion, primarily due to a reduction in brokered deposits.
Operationally, Southside Bancshares expanded its branch network by opening new locations in Tyler and The Woodlands, Texas, in March 2026. The company also reported a significant reduction in nonperforming assets, which decreased by 74.4% to $9.8 million, primarily due to the payoff of a large restructured loan. The ratio of nonperforming assets to total assets improved to 0.11% from 0.45% at the end of 2025.
Looking ahead, Southside Bancshares expressed confidence in its capital position, with total shareholders’ equity increasing by 4.1% to $882.5 million. The company’s capital ratios remain strong, with a Common Equity Tier 1 ratio of 12.90%, well above the regulatory minimum. Management indicated that they will continue to monitor economic conditions and interest rate fluctuations, which could impact future performance. The company is committed to maintaining adequate liquidity and managing interest rate risk effectively, particularly in light of ongoing economic uncertainties.
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.
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