earnings
confidence high
sentiment positive
materiality 0.70
Southside Bancshares Q1 net income $23.3M, EPS $0.78, loan growth 2.7% linked quarter
SOUTHSIDE BANCSHARES INC
2026-Q1 EPS reported
$0.78
- Net income $23.3M vs $21.5M YoY (+8.1%); diluted EPS $0.78 vs $0.71 YoY (+9.9%).
- Net interest margin 3.01%, up 3 bps linked quarter; net interest income $57.7M (+$0.4M linked).
- Loans grew 2.7% linked quarter to $4.95B; nonperforming assets declined to 0.11% of assets.
- Redeemed $93M subordinated notes (7.51% rate) in February; expects further funding cost savings.
- Declared $0.36 per share cash dividend (paid March 5, 2026).