Southside Bancshares Reports Steady Q1 2025 Earnings

Southside Bancshares ( (SBSI) ) has released its Q1 earnings. Here is a breakdown of the information Southside Bancshares presented to its investors.

Southside Bancshares, Inc. is a bank holding company based in Tyler, Texas, operating in the financial services sector with a network of 53 branches and 73 ATMs/ITMs across Texas.

In its latest earnings report for the first quarter of 2025, Southside Bancshares announced a net income of $21.5 million, maintaining the same earnings per diluted share of $0.71 as the previous year. The company reported an annualized return on average assets of 1.03% and a return on average tangible common equity of 14.14%.

Key financial highlights include a slight increase in net interest income to $53.9 million, driven by a decrease in the average rate paid on interest-bearing liabilities and an increase in the average balance of interest-earning assets. However, noninterest income saw a decrease on a linked quarter basis due to a reduction in other noninterest income and an increase in net loss on the sale of securities. The company’s nonperforming assets rose significantly, primarily due to an increase in restructured loans.

Despite these challenges, Southside Bancshares maintained a solid capital position, with a total available contingent liquidity of $2.29 billion. The company anticipates mid-single-digit loan growth for 2025, with a focus on the latter half of the year.

Looking ahead, Southside Bancshares remains focused on managing its loan portfolio and maintaining strong asset quality, while navigating economic uncertainties and interest rate fluctuations. The company continues to prioritize shareholder value through its stock repurchase plan and dividend payments.