Southside Bancshares ( (SBSI) ) has released its Q2 earnings. Here is a breakdown of the information Southside Bancshares presented to its investors.
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Southside Bancshares, Inc. is a bank holding company based in Tyler, Texas, operating primarily in the financial services sector with a network of 53 branches and 71 ATMs/ITMs across the state.
In its latest earnings report for the second quarter of 2025, Southside Bancshares announced a net income of $21.8 million, marking a decrease from the previous year. The earnings per diluted common share stood at $0.72, reflecting a decline compared to the same period in 2024. Despite these decreases, the company reported an increase in its net interest margin and a low level of nonperforming assets.
Key financial metrics highlighted in the report include a nine basis point increase in the tax-equivalent net interest margin to 2.95% and a return on average tangible common equity of 14.38%. The company also experienced a growth in deposits and loans, with a notable increase in commercial real estate and construction loans. However, noninterest expenses rose due to increased professional fees and a one-time expense related to the demolition of an old branch.
Looking ahead, Southside Bancshares anticipates a loan growth of three to four percent for the entire year of 2025, supported by a solid loan pipeline. The management remains focused on maintaining strong capital ratios and liquidity, while navigating the challenges posed by economic uncertainties.