Q1 2026 Southside Bancshares Inc Earnings Call Transcript

Apr 30, 2026 / 04:00 PM GMT

Release Date Price: €26.8 (-2.90%)

Transcript 10-Q8-K

Key Points

Positve

Southside Bancshares Inc (SBSI) reported strong linked-quarter loan growth of 2.7%, driven by new loan production and lower-than-expected payoffs.
Earnings per share increased to $0.78, reflecting an 11.4% rise from the previous quarter.
The company successfully reduced non-performing assets to 0.11% of total assets, marking a significant decrease from the previous quarter.
Southside Bancshares Inc (SBSI) redeemed $93 million of subordinated debt, which will lead to lower funding costs in the future.
The company expanded its footprint with a new branch in Tyler and hired a 30-year wealth management veteran to enhance its wealth management team.

Negative

The loan pipeline decreased from a mid-quarter peak of about $2 billion to approximately $1.3 billion.
Four multifamily loans and one office loan were downgraded to substandard due to slower lease-up and lower rents.
Non-interest expense increased by 8.3% compared to the linked-quarter, driven by higher salaries, employee benefits, and other expenses.
The company did not repurchase any common stock during the first quarter, despite having authorization for repurchase.
Wholesale funding increased significantly to $1.4 billion, primarily to support loan and securities growth, indicating reliance on external funding sources.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SBSI.N - Southside Bancshares Inc
Q1 2026 Southside Bancshares Inc Earnings Call
Apr 30, 2026 / 04:00PM GMT

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Presentation
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Unidentified_1 [1]
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Hello, everyone.

Thank you for joining us and welcome to Southside Bankshares Inc. First Quarter 2026 Earnings Call. After today's prepared remarks, we will host a question-and-answer session. If you would like to ask a question, please press *1 to raise your hand. To withdraw your question, press *1 again.

I will now hand the conference over to Lindsay Bales, Senior Vice President, Investor Relations. Lindsay, please go ahead.

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Unidentified_2 [2]
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Thank you, Rebecca. Good morning, everyone, and welcome to Southside BankShares'

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