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Southside Bancshares (SBSI)
NYSE:SBSI
Earnings Data
Report Date
Apr 28, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.75Last Year’s EPS
0.72Same Quarter Last Year
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call balanced firm-level positives — a strong Q4 earnings rebound, NIM expansion, active securities repositioning to improve future net interest income, a rebounding loan pipeline, strong liquidity and capital metrics, and buyback activity — against notable near-term headwinds: a YoY decline in 2025 earnings driven by onetime AFS losses, concentrated broker deposit outflows, elevated loan payoffs and modestly higher planned operating expenses for 2026. Management framed many negatives (AFS loss, tax impact) as strategic repositioning with payback expected within a few years and expressed optimism about 2026 margin expansion and loan growth.Company Guidance
Quarterly Net Income and EPS Surge
Q4 net income of $21.0 million, up $16.1 million or ~327% linked quarter; diluted EPS of $0.70, up $0.54 linked quarter — management described an "excellent quarter" excluding onetime securities sale loss.
Net Interest Margin and Net Interest Income Improvement
Tax-equivalent net interest margin expanded to 2.98% (up 4 bps linked quarter). Net interest income increased $1.5 million or 2.7% linked quarter; management expects further NIM expansion following the Feb 15, 2026 redemption of $93 million subordinated notes.
Loan Growth and Strong Pipeline
Total loans of $4.82 billion at Dec 31, a linked-quarter increase of $52.7 million or 1.1%. Pipeline rebounded from ~$1.5 billion mid-quarter to just over $2.0 billion, with a balanced mix (~42% term loans, ~58% construction/lines).
Securities Portfolio Repositioning to Improve Future NII
Sold ~$82 million of low-yield long-duration municipal securities (generated onetime $7.3M net loss) and reinvested proceeds (including a $49.7M T-bill sale) into primarily higher-coupon agency MBS (primarily ~5.5% coupon). Purchased ~$373 million of MBS in Q4; securities portfolio rose $147.9M or 5.8% to $2.70B.
Reduced Duration of Securities Portfolio
Total securities duration decreased to 7.6 years from 8.7 years QoQ; AFS portfolio duration decreased to 4.8 years from 6.5 years — positioning the portfolio for less interest rate sensitivity and improved future net interest income.
Credit Metrics and Asset Quality Remain Strong
Nonperforming assets remained low at 0.45% of total assets at year-end. Loans with oil & gas exposure were modest at $71 million or 1.5% of total loans. Allowance for credit losses was $48.3M (down slightly QoQ) and allowance/loans was 0.94% (down 1 bp).
Capital, Liquidity and Capital Return Actions
Capital ratios remained well above well-capitalized thresholds. Liquidity lines available of $2.78 billion. Redeeming $93M subordinated notes on Feb 15, 2026 (will lower funding cost). Repurchased 369,804 shares in Q4 at avg $28.94; ~762,000 shares remain authorized.
Fee Income Momentum and Operating Efficiency
Noninterest income (excluding AFS loss) increased ~4% linked quarter driven by deposit services, billing and brokerage. Management budgeted ~$1.5M increase in fee income for 2026 and reported a modest improvement in efficiency ratio to 52.28% from 52.99% QoQ.
SBSI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SBSI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 29, 2026 | $32.28 | $32.31 | +0.09% |
Oct 24, 2025 | $27.27 | $27.13 | -0.51% |
Jul 25, 2025 | $29.91 | $29.36 | -1.83% |
Apr 29, 2025 | $27.48 | $27.63 | +0.52% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Southside Bancshares (SBSI) report earnings?
Southside Bancshares (SBSI) is schdueled to report earning on Apr 28, 2026, Before Open (Confirmed).
What is Southside Bancshares (SBSI) earnings time?
Southside Bancshares (SBSI) earnings time is at Apr 28, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SBSI EPS forecast?
SBSI EPS forecast for the fiscal quarter 2026 (Q1) is 0.75.