SOUTHSIDE BANCSHARES INC (SBSI) Form 8-K — Jul 23, 2026
Southside Bancshares reported financial results for the second quarter ended June 30, 2026, with net income increasing 23.0% year-over-year to $26.8 million. Diluted earnings per share rose to $0.90, compared to $0.72 in the same period of 2025, driven by increases in net interest income and noninterest income as well as decreased noninterest expense. The company improved its efficiency ratio to 54.42% for the quarter, down from 55.67% a year ago, and achieved an annualized return on average tangible common equity of 16.09%. Asset quality remained solid, with nonperforming assets comprising just 0.11% of total assets, a significant reduction from 0.39% in the prior year.
Key figures
- Eps
- 0.9
- Net Income
- 26837000
- Total Assets
- 8763714000
- Efficiency Ratio
- 54.42%
- Dividend Per Share
- 0.36
- Net Interest Income
- 57334000
- Return On Average Assets
- 1.23%
- Nonperforming Assets Ratio
- 0.11%
- Return On Average Tangible Common Equity
- 16.09%
Price after filing
Close on the filing date to close N calendar days later (from $34.09). Historical, not a forecast.
AI analysis
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