Southside Bancshares reports Q2 EPS 72c, consensus 68c

Reports Q2 revenue $68.84M, consensus $68M. Reports Q2 tangible book value per share $20.10. Reports Q2 CET1 capital ratio 13.36%. Reports Q2 net charge-offs .08%. “We reported excellent financial results for the second quarter ended June 30, 2025, which included earnings per share of $0.72, a return on average assets of 1.07%, and a return on average tangible common equity of 14.38%,” stated Lee Gibson, CEO of Southside. “Linked quarter, the net interest margin increased nine basis points to 2.95%, net interest income increased $414,000 to $54.3 million, and deposits net of public fund and brokered deposits increased $90.1 million. The linked quarter total loans increased $35 million, while average loans decreased $106 million due primarily to heavy payoffs during the first two months of the quarter. Total loan growth during the month of June was $104 million. Our loan pipeline is solid and we currently anticipate three to four percent loan growth for all of 2025. During the quarter we expensed $1.2 million related to the write-off and demolition of an existing branch that was replaced with a new building.”