SOUTHSIDE BANCSHARES INC (SBSI) financial statements: income statement, balance sheet and cash flow

SOUTHSIDE BANCSHARES INC's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), SOUTHSIDE BANCSHARES INC reported net income of $69.2M (-21.8% year on year).

Income statement

SOUTHSIDE BANCSHARES INC income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Loans	$275.6M	$279.4M	$244.8M	$170.4M
Taxable investment securities	$23.0M	$28.1M	$31.2M	$18.9M
Tax-exempt investment securities	$31.6M	$40.5M	$54.6M	$45.0M
MBS	$57.2M	$45.2M	$19.4M	$16.6M
FHLB stock and equity investments	$1.8M	$2.1M	$1.2M	$503.0K
Other interest earning assets	$13.8M	$19.1M	$8.5M	$1.5M
Total interest and dividend income	$403.1M	$414.3M	$359.7M	$253.0M
Deposits	$151.2M	$153.7M	$108.2M	$29.1M
FHLB borrowings	$13.7M	$24.4M	$6.8M	$3.3M
Subordinated notes	$8.2M	$3.8M	$3.9M	$4.0M
Trust preferred subordinated debentures	$4.0M	$4.6M	$4.5M	$2.4M
Other borrowings	$4.9M	$11.7M	$21.4M	$1.9M
Total interest expense	$182.0M	$198.2M	$144.7M	$40.6M
Net interest income	$221.1M	$216.1M	$215.0M	$212.3M
Provision for (reversal of) credit losses	$3.1M	$3.3M	$9.2M	$3.2M
Net interest income after provision for credit losses	$218.0M	$212.8M	$205.9M	$209.1M
Deposit services	$24.4M	$24.4M	$25.5M	$25.8M
Net gain (loss) on sale of securities available for sale	($32.3M)	($2.5M)	($16.0M)	($3.8M)
Net gain on sale of equity securities	$0	$0	$5.1M	—
Gain (loss) on sale of loans	$440.0K	$37.0K	$563.0K	$531.0K
Trust fees	$7.9M	$6.2M	$5.9M	$6.0M
BOLI	$3.6M	$4.3M	$5.8M	$2.6M
Brokerage services	$4.9M	$4.2M	$3.3M	$3.3M
Other noninterest income	$7.0M	$5.1M	$5.7M	$6.3M
Total noninterest income	$16.0M	$41.7M	$35.8M	$40.9M
Salaries and employee benefits	$90.3M	$90.3M	$85.6M	$82.6M
Net occupancy	$14.5M	$14.4M	$14.7M	$15.1M
Advertising, travel & entertainment	$3.9M	$3.4M	$4.1M	$3.4M
ATM expense	$1.5M	$1.5M	$1.4M	$1.3M
Professional fees	$5.7M	$5.1M	$5.4M	$5.0M
Software and data processing	$11.5M	$11.6M	$9.4M	$6.8M
Communications	$1.3M	$1.6M	$1.5M	$1.9M
FDIC insurance	$3.8M	$3.8M	$3.6M	$1.9M
Amortization of intangibles	$742.0K	$1.2M	$1.7M	$2.3M
(Gain on purchase) loss on redemption of subordinated notes	$0	($178.0K)	$0	$0
Other	$18.1M	$14.4M	$13.3M	$9.9M
Total noninterest expense	$151.4M	$147.1M	$140.6M	$130.3M
Income before income tax expense	$82.6M	$107.4M	$101.1M	$119.6M
Income tax expense	$13.4M	$18.9M	$14.4M	$14.6M
Net income	$69.2M	$88.5M	$86.7M	$105.0M
Earnings per common share - basic (in dollars per share)	$2.30	$2.92	$2.82	$3.27
Earnings per common share - diluted (in dollars per share)	$2.29	$2.91	$2.82	$3.26
Cash dividends paid per common share	$1.44	$1.44	$1.42	$1.40

SOUTHSIDE BANCSHARES INC income statement, quarters

Line item	Jun 30, 2026 · Q2	Mar 31, 2026 · Q1	Sep 30, 2025 · Q3	Jun 30, 2025 · Q2
Loans	$71.9M	$71.0M	$69.7M	$67.2M
Taxable investment securities	$4.7M	$4.6M	$5.6M	$6.2M
Tax-exempt investment securities	$6.1M	$6.2M	$8.2M	$8.5M
MBS	$18.5M	$17.9M	$14.2M	$13.0M
FHLB stock and equity investments	$215.0K	$249.0K	$374.0K	$524.0K
Other interest earning assets	$2.5M	$2.3M	$3.8M	$3.1M
Total interest and dividend income	$103.9M	$102.3M	$101.9M	$98.6M
Deposits	$30.3M	$36.6M	$38.8M	$37.4M
FHLB borrowings	$8.2M	$975.0K	$2.8M	$3.7M
Subordinated notes	$2.7M	$3.6M	$2.3M	$935.0K
Trust preferred subordinated debentures	$922.0K	$915.0K	$1.0M	$1.0M
Other borrowings	$4.5M	$2.5M	$1.2M	$1.2M
Total interest expense	$46.6M	$44.6M	$46.2M	$44.3M
Net interest income	$57.3M	$57.7M	$55.7M	$54.3M
Provision for (reversal of) credit losses	$83.0K	$1.4M	$1.1M	$622.0K
Net interest income after provision for credit losses	$57.3M	$56.3M	$54.6M	$53.6M
Deposit services	$6.4M	$5.9M	$6.1M	$6.1M
Net gain (loss) on sale of securities AFS	$0	$0	($24.4M)	$0
Gain (loss) on sale of loans	$56.0K	$118.0K	$164.0K	$99.0K
Trust fees	$2.4M	$2.2M	$2.1M	$1.9M
BOLI	$1.5M	$986.0K	$871.0K	$833.0K
Brokerage services	$1.4M	$1.4M	$1.2M	$1.2M
Other	$2.3M	$2.0M	$2.0M	$2.0M
Total noninterest income	$14.0M	$12.6M	($12.0M)	$12.1M
Salaries and employee benefits	$23.0M	$24.3M	$22.8M	$22.3M
Net occupancy	$3.7M	$3.5M	$3.8M	$3.6M
Advertising, travel & entertainment	$876.0K	$1.0M	$907.0K	$950.0K
ATM expense	$325.0K	$430.0K	$444.0K	$405.0K
Professional fees	$1.7M	$1.5M	$1.5M	$1.4M
Software and data processing	$3.2M	$3.1M	$2.8M	$3.0M
Communications	$281.0K	$287.0K	$321.0K	$342.0K
FDIC insurance	$955.0K	$937.0K	$920.0K	$955.0K
Amortization of intangibles	$121.0K	$132.0K	$172.0K	$198.0K
Loss on redemption of subordinated notes	$0	$791.0K	—	—
Other	$4.6M	$4.6M	$4.0M	$6.1M
Total noninterest expense	$38.7M	$40.6M	$37.5M	$39.3M
Income before income tax expense	$32.6M	$28.3M	$5.1M	$26.5M
Income tax expense	$5.7M	$5.0M	$189.0K	$4.7M
Net income	$26.8M	$23.3M	$4.9M	$21.8M
Earnings per common share - basic (in dollars per share)	$0.90	$0.78	$0.16	$0.72
Earnings per common share - diluted (in dollars per share)	$0.90	$0.78	$0.16	$0.72
Cash dividends paid per common share (in dollars per share)	$0.36	$0.36	$0.36	$0.36

Balance sheet

SOUTHSIDE BANCSHARES INC balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Cash and due from banks	$81.1M	$91.4M	$122.0M	$106.1M
Interest earning deposits	$302.9M	$281.9M	$391.7M	$9.3M
Federal funds sold	$5.8M	$52.8M	$46.8M	$83.8M
Total cash and cash equivalents	$389.8M	$426.2M	$560.5M	$199.3M
Securities AFS, at estimated fair value (amortized cost of $1,456,986 and $1,587,416, respectively)	$1.5B	—	—	—
Securities HTM (estimated fair value of $1,103,304 and $1,113,482, respectively)	$1.2B	$1.3B	$1.3B	$1.3B
FHLB stock, at cost	$14.1M	$33.8M	$11.9M	$9.2M
Equity investments	$9.6M	$9.5M	$9.7M	$11.2M
Loans held for sale	$1.3M	$1.9M	$10.9M	$667.0K
Loans	$4.8B	$4.7B	$4.5B	$4.1B
Less:  Allowance for loan losses	($45.1M)	($44.9M)	($42.7M)	($36.5M)
Net loans	$4.8B	$4.6B	$4.5B	$4.1B
Premises and equipment, net	$152.3M	$141.6M	$138.9M	$141.3M
Operating lease ROU assets	$12.4M	$13.9M	$14.8M	$15.3M
Goodwill	$201.1M	$201.1M	$201.1M	$201.1M
Other intangible assets, net	$1.0M	$1.8M	$2.9M	$4.6M
Interest receivable	$41.8M	$46.7M	$50.5M	$49.4M
Deferred tax asset, net	$27.1M	$34.5M	$30.4M	$34.7M
BOLI	$145.1M	$138.3M	$136.3M	$133.9M
Other assets	$42.4M	$38.3M	$31.6M	$21.2M
Total assets	$8.5B	$8.5B	$8.3B	$7.6B
Noninterest bearing	$1.4B	$1.4B	$1.4B	$1.7B
Interest bearing	$5.4B	$5.3B	$5.2B	$4.5B
Total deposits	$6.9B	$6.7B	$6.5B	$6.2B
Other borrowings	$208.7M	$76.4M	$509.8M	$221.2M
FHLB borrowings	$211.1M	$731.9M	$212.6M	$153.4M
Subordinated notes, net of unamortized debt issuance costs	$239.7M	$92.0M	$93.9M	$98.7M
Trust preferred subordinated debentures, net of unamortized debt issuance costs	$60.3M	$60.3M	$60.3M	$60.3M
Operating lease liabilities	$14.3M	$15.8M	$16.7M	$17.1M
Other liabilities	$67.7M	$74.8M	$68.6M	$64.1M
Total liabilities	$7.7B	$7.7B	$7.5B	$6.8B
Common stock:  ($1.25 par value, 80,000,000 shares authorized, 38,110,078 shares issued at December 31, 2025 and 38,077,992 shares issued at December 31, 2024)	47.6M	47.6M	47.5M	47.5M
Paid-in capital	$795.8M	$793.6M	$788.8M	$784.5M
Retained earnings	$352.2M	$326.8M	$282.4M	$239.6M
Treasury stock: (shares at cost, 8,387,077 at December 31, 2025 and 7,699,182 at December 31, 2024)	-252.4M	-231.1M	-232.0M	-188.2M
AOCI	($95.6M)	($124.9M)	($113.5M)	($137.5M)
Total shareholders’ equity	$847.6M	$811.9M	$773.3M	$746.0M
Total liabilities and shareholders’ equity	$8.5B	$8.5B	$8.3B	$7.6B

SOUTHSIDE BANCSHARES INC balance sheet, quarters

Line item	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025
Cash and due from banks	$74.7M	$73.0M	$90.5M	$109.7M
Interest earning deposits	$301.9M	$297.0M	$365.3M	$260.4M
Federal funds sold	$20.6M	$17.5M	$11.1M	$20.1M
Total cash and cash equivalents	$397.3M	$387.5M	$466.9M	$390.1M
Securities AFS, at estimated fair value (amortized cost of $1,579,607 and $1,456,986, respectively)	$1.6B	$1.6B	$1.3B	$1.5B
Securities HTM (estimated fair value of $1,075,537 and $1,103,304, respectively)	$1.2B	$1.2B	$1.3B	$1.3B
FHLB stock, at cost	$45.3M	$16.4M	$9.4M	$24.4M
Equity investments	$9.5M	$9.6M	$9.6M	$9.5M
Loans held for sale	$341.0K	$1.5M	$497.0K	$428.0K
Loans	$4.9B	$4.9B	$4.8B	$4.6B
Less: Allowance for loan losses	($45.6M)	($46.0M)	($45.3M)	($44.4M)
Net loans	$4.9B	$4.9B	$4.7B	$4.6B
Premises and equipment, net	$156.9M	$154.3M	$147.2M	$147.3M
Operating lease ROU assets	$12.2M	$12.5M	$12.7M	$13.2M
Goodwill	$201.1M	$201.1M	$201.1M	$201.1M
Other intangible assets, net	$759.0K	$880.0K	$1.2M	$1.3M
Interest receivable	$43.4M	$36.0M	$35.4M	$45.5M
Deferred tax asset, net	$26.1M	$29.2M	$30.6M	$39.3M
BOLI	$146.3M	$146.0M	$139.7M	$138.8M
Other assets	$38.9M	$39.1M	$44.0M	$41.4M
Total assets	$8.8B	$8.8B	$8.4B	$8.3B
Noninterest bearing	$1.4B	$1.4B	$1.4B	$1.4B
Interest bearing	$4.8B	$5.5B	$5.5B	$5.3B
Total deposits	$6.2B	$6.9B	$7.0B	$6.6B
Other borrowings	$419.8M	$355.5M	$99.4M	$99.8M
FHLB borrowings	$995.8M	$315.9M	$101.3M	$511.5M
Subordinated notes, net of unamortized debt issuance costs	$147.6M	$147.5M	$239.6M	$92.1M
Trust preferred subordinated debentures, net of unamortized debt issuance costs	$60.3M	$60.3M	$60.3M	$60.3M
Unsettled trades to purchase securities	$0	$106.6M	—	$50.5M
Operating lease liabilities	$14.1M	$14.5M	$14.7M	$15.1M
Other liabilities	$74.2M	$72.5M	$71.5M	$71.4M
Total liabilities	$7.9B	$7.9B	$7.5B	$7.5B
Preferred stock: (no par value, 8,000,000 shares authorized, none issued or outstanding)	0	—	—	—
Common stock:  ($1.25 par value, 80,000,000 shares authorized, 38,124,707 shares issued at June 30, 2026 and 38,110,078 shares issued at December 31, 2025)	47.7M	47.6M	47.6M	47.6M
Paid-in capital	$797.3M	$797.1M	$795.3M	$794.3M
Retained earnings	$380.8M	$364.8M	$342.0M	$348.0M
Treasury stock: (shares at cost, 8,321,665 at June 30, 2026 and 8,387,077 at December 31, 2025)	-251.2M	-252.0M	-242.0M	-241.3M
AOCI	($92.1M)	($102.6M)	($108.1M)	($141.5M)
Total shareholders’ equity	$882.5M	$854.9M	$834.9M	$807.2M
Total liabilities and shareholders’ equity	$8.8B	$8.8B	$8.4B	$8.3B

Cash flow statement

SOUTHSIDE BANCSHARES INC cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net income	$69.2M	$88.5M	$86.7M	$105.0M
Depreciation and net amortization	$10.6M	$10.5M	$10.6M	$11.1M
Securities premium amortization (discount accretion), net	$8.5M	$7.3M	$4.5M	$18.3M
Loan (discount accretion) premium amortization, net	$949.0K	$916.0K	$400.0K	($52.0K)
Provision for (reversal of) credit losses	$3.1M	$3.3M	$9.2M	$3.2M
Stock compensation expense	$3.0M	$3.5M	$3.6M	$3.2M
Deferred tax expense (benefit)	($351.0K)	($1.0M)	($2.1M)	($89.0K)
Net (gain) loss on sale of AFS securities	$32.3M	$2.5M	$16.0M	$3.8M
Net gain on sale of equity securities	$0	$0	($5.1M)	—
Loss on impairment of investments	$0	$868.0K	$0	$38.0K
Net loss on premises and equipment	$1.8M	$160.0K	$342.0K	$576.0K
Gross proceeds from sales of loans held for sale	$17.1M	$18.6M	$17.2M	$23.8M
Gross originations of loans held for sale	($16.5M)	($17.6M)	($19.3M)	($22.8M)
Net (gain) loss on consumer receivables	$0	$412.0K	—	—
Net (gain) loss on OREO	$109.0K	$95.0K	($61.0K)	($40.0K)
(Gain on purchase) loss on redemption of subordinated notes	$0	($178.0K)	($587.0K)	—
Interest receivable	$4.9M	$3.8M	($1.1M)	($10.2M)
Other assets	$8.2M	($70.8M)	$37.9M	($5.4M)
Interest payable	$3.4M	($437.0K)	$7.4M	$1.4M
Other liabilities	($52.5M)	$51.5M	($85.6M)	$94.7M
Net cash provided by (used in) operating activities	$93.8M	$101.8M	$79.9M	$226.5M
Purchases	($967.7M)	($1.2B)	($2.0B)	($708.3M)
Sales	$544.2M	$135.6M	$1.1B	$460.8M
Maturities, calls and principal repayments	$516.2M	$797.2M	$960.6M	$107.8M
Maturities, calls and principal repayments	$35.1M	$31.1M	$22.6M	$12.0M
Proceeds from sales of equity securities	$0	$0	$6.7M	—
Proceeds from redemption of FHLB stock and equity investments	$39.6M	$78.2M	$36.9M	$46.8M
Purchases of FHLB stock and equity investments	($19.9M)	($99.9M)	($39.8M)	($41.0M)
Net loan paydowns (originations)	($159.0M)	($138.1M)	($388.3M)	($503.6M)
Proceeds from sales of customer receivables	$0	$7.6M	—	—
Purchases of premises and equipment	($20.3M)	($11.2M)	($6.9M)	($9.3M)
Proceeds from (purchases of) BOLI	($3.1M)	$4.0M	$951.0K	$0
Proceeds from sales of premises and equipment	$322.0K	$20.0K	$430.0K	$1.4M
Net proceeds from sales of OREO	$273.0K	$278.0K	$203.0K	$220.0K
Proceeds from sales of repossessed assets	$230.0K	$160.0K	$168.0K	$124.0K
Net cash provided by (used in) investing activities	($34.2M)	($382.9M)	($327.1M)	($634.8M)
Net change in deposits	$210.8M	$104.5M	$351.6M	$475.6M
Net change in other borrowings	$132.2M	($433.4M)	$288.7M	$197.9M
Proceeds from FHLB borrowings	$3.8B	$8.1B	$2.0B	$3.3B
Repayment of FHLB borrowings	($4.3B)	($7.6B)	($2.0B)	($3.5B)
Net proceeds from issuance of subordinated notes	$147.4M	—	$0	$0
Purchase/redemption of subordinated notes	$0	($1.8M)	($4.4M)	$0
Proceeds from stock option exercises	$693.0K	$2.6M	$1.1M	$790.0K
Cash paid to tax authority related to tax withholding on share-based awards	($784.0K)	($576.0K)	($597.0K)	($501.0K)
Purchase of common stock	($23.2M)	($1.5M)	($44.8M)	($33.7M)

SOUTHSIDE BANCSHARES INC cash flow statement, quarters

Line item	Jun 30, 2026 · YTD	Mar 31, 2026 · Q1	Sep 30, 2025 · YTD	Jun 30, 2025 · YTD
Net income	$50.1M	$23.3M	$48.2M	$43.3M
Depreciation and net amortization	$5.3M	$2.6M	$8.0M	$5.3M
Securities premium amortization (discount accretion), net	$5.9M	$2.9M	$5.7M	$3.6M
Loan (discount accretion) premium amortization, net	$301.0K	$83.0K	$660.0K	$389.0K
Provision for (reversal of) credit losses	$1.5M	$1.4M	$2.5M	$1.4M
Stock compensation expense	$2.7M	$1.6M	$2.4M	$1.6M
Deferred tax expense (benefit)	($13.0K)	($255.0K)	($546.0K)	($400.0K)
Net (gain) loss on sale of AFS securities	$0	$0	$24.9M	$554.0K
Net loss on premises and equipment	$61.0K	$39.0K	$1.7M	$1.3M
Gross proceeds from sales of loans held for sale	$6.9M	$3.8M	$13.1M	$8.3M
Gross originations of loans held for sale	($5.9M)	($4.0M)	($11.6M)	($6.8M)
Net (gain) loss on OREO	($3.0K)	($15.0K)	$109.0K	$136.0K
Loss on redemption of subordinated notes	$791.0K	$791.0K	$0	$0
Interest receivable	($1.6M)	$5.8M	$11.3M	$1.2M
Other assets	$14.2M	($5.9M)	$90.0K	$1.6M
Interest payable	$667.0K	($3.8M)	$1.6M	$586.0K
Other liabilities	$555.0K	$20.6M	($38.0M)	($32.1M)
Net cash provided by (used in) operating activities	$81.3M	$49.0M	$70.1M	$29.9M
Purchases	($338.4M)	($206.9M)	($594.6M)	($256.1M)
Sales	$0	$0	$411.5M	$120.2M
Maturities, calls and principal repayments	$212.5M	$105.2M	$424.9M	$254.5M
Maturities, calls and principal repayments	$37.6M	$27.7M	$18.1M	$7.7M
Proceeds from redemption of FHLB stock and equity investments	$19.4M	$9.3M	$39.6M	$18.1M
Purchases of FHLB stock and equity investments	($50.5M)	($11.6M)	($15.2M)	($8.7M)
Net loan paydowns (originations)	($132.5M)	($128.5M)	($105.2M)	$59.3M
Purchases of premises and equipment	($8.8M)	($4.0M)	($13.2M)	($10.4M)
Proceeds from (purchases of) BOLI	$1.2M	$0	$1.1M	$1.1M
Proceeds from sales of premises and equipment	($22.0K)	($17.0K)	$324.0K	($288.0K)
Net proceeds from sales of OREO	$133.0K	$133.0K	$273.0K	$0
Proceeds from sales of repossessed assets	$29.0K	$8.0K	$200.0K	$68.0K
Net cash provided by (used in) investing activities	($259.4M)	($208.7M)	$167.8M	$185.6M
Net change in deposits	($695.8M)	$9.3M	$307.3M	($22.3M)
Net change in other borrowings	$211.1M	$146.9M	$22.9M	$23.4M
Proceeds from FHLB borrowings	$4.3B	$900.0M	$3.3B	$2.7B
Repayment of FHLB borrowings	($3.5B)	($795.2M)	($4.0B)	($2.9B)
Redemption of subordinated notes	($93.0M)	($93.0M)	$0	$0
Proceeds from stock option exercises	$71.0K	$52.0K	$693.0K	$703.0K
Cash paid to tax authority related to tax withholding on share-based awards	($570.0K)	($224.0K)	($582.0K)	($558.0K)
Purchase of common stock	$0	—	($12.6M)	($11.1M)
Proceeds from the issuance of common stock for dividend reinvestment plan	$466.0K	$233.0K	$739.0K	$514.0K
Cash dividends paid	($21.4M)	($10.7M)	($32.7M)	($21.8M)
Net cash provided by (used in) financing activities	$185.6M	$157.4M	($197.2M)	($251.6M)
Net increase (decrease) in cash and cash equivalents	$7.5M	($2.3M)	$40.8M	($36.1M)
Cash and cash equivalents at beginning of period	$389.8M	$389.8M	$426.2M	$426.2M
Cash and cash equivalents at end of period	$397.3M	$387.5M	$466.9M	$390.1M

SOUTHSIDE BANCSHARES INC score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.