Southside Q1 net income flat at $21.5M, EPS $0.71; NPAs surge to $32.2M

SOUTHSIDE BANCSHARES INC

2025-Q1 EPS reported $0.71

EPS $0.71 flat YoY; ROAA 1.03%; net interest margin 2.74% (up 2bp YoY).
Nonperforming assets surged to $32.2M (0.39% of assets) from $3.6M at Dec 2024; driven by a $27.5M restructured CRE loan.
Loans fell 2.0% linked quarter to $4.57B; deposits down 1.0% to $6.59B.
Provision for credit losses on loans only $42k; allowance 0.98% of loans; classified loans rose to $67M from $48M.
After quarter-end, repurchased 196,419 shares at avg $26.82; dividend unchanged at $0.36.

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