Southside Bancshares Q3 net income down 76% to $4.9M on $24.4M securities loss

SOUTHSIDE BANCSHARES INC

2025-Q3 EPS reported $1.59

Net income $4.9M ($0.16 diluted EPS) vs $20.5M ($0.68) in Q3 2024; net interest income $55.7M.
Sold $325M of low-yield AFS securities at $24.4M loss; issued $150M subordinated debt at 7.00%.
Loans grew $163.4M QoQ; deposits +$329.6M; NIM (tax-equiv) flat at 2.94%.
Nonperforming assets rose to $35.6M (0.42% of assets) vs $7.7M a year ago, largely a $27.5M restructured CRE loan.
Board authorized additional 1M share buyback; Q3 repurchased 26,692 shares at avg $30.24.

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