Southside Bancshares, Inc.
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Range $33 – $37
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About the company
Southside Bancshares, Inc. functions as the holding company for its subsidiary, Southside Bank, which delivers a comprehensive suite of financial solutions to diverse clients, including individual consumers, commercial enterprises, governmental bodies, and non-profit organizations. Its offerings encompass a variety of deposit accounts, such as savings, money market, and both interest-bearing and non-interest-bearing checking options, alongside certificates of deposit (CDs).
- CEO
- Keith Donahoe
- IPO
- 1998
- Employees
- 781
- HQ
- Tyler, TX, US
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Similar companies
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- Market Cap
- $951.16M
- P/E
- 12.59
- Fwd P/E
- 9.73
- PEG
- -1.23
- P/S
- 2.08
- P/B
- 1.08
- EV/EBITDA
- 15.98
- Div Yield
- 4.54%
- Gross Margin
- 49.65%
- Op Margin
- 19.86%
- Net Margin
- 16.61%
- ROE
- 8.89%
- ROIC
- 2.93%
Latest fiscal year · YoY change
- Revenue
- $419.03M-8.1%
- Gross Profit
- $233.99M-8.1%
- Op Income
- $82.63M
- Net Income
- $69.22M-21.8%
- EPS
- $2.30-21.2%
- OCF Growth
- -7.9%
- FCF Growth
- -19.0%
- 52W High
- $36.20
- 52W Low
- $26.32
- 50D MA
- $33.77
- 200D MA
- $32.12
- Beta
- 0.57
- RSI (14)
- 37
- Avg Volume
- 130.45K
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Southside Bank Shares posted a stronger quarter on higher fee income and lower expenses, but net interest margin stayed under pressure from funding costs and loan payoffs.· July 24, 2026
- EPS rose to $0.90 and net income increased $3.6 million sequentially, helped by higher non-interest income and lower non-interest expense.
- Loan balances were flat at $4.95 billion because strong production was offset by elevated payoffs, especially in CRE.
- Net interest margin fell to 2.90% as funding costs rose from a shift in funding mix and the maturity of cash flow hedges.
- Credit remained solid: non-performing assets were 0.11% of total assets, and classified assets fell $31 million.
- Management still expects mid-single-digit loan growth in 2026 and sees opportunities in trust/wealth, new branch expansion, and potential M&A.
Reported second-quarter net income was $26.8 million, up $3.6 million, or 15.4%, from the prior quarter. EPS was $0.90, also up $0.12 per share, and the tax-equivalent net interest margin was 2.90%, down 11 basis points from 3.01%. Net interest income declined $355,000, or 0.6%, linked quarter; non-interest income rose $1.4 million, or 11.2%; and non-interest expense fell $1.9 million, or 4.7%, to $38.7 million. Loans were flat at $4.95 billion, deposits declined $705.1 million, or 10.3%, and the allowance for credit losses was $49.3 million. Guidance-wise, management reiterated mid-single-digit loan growth for 2026, expects average non-interest expense of about $40.5 million for the remaining quarters, and kept its 2026 annual effective tax rate estimate at 17.7%.
Keith Donahoe described the quarter as “excellent,” emphasizing that Texas markets remain healthy and are expected to outgrow the U.S. economy. He framed the main issue as balance-sheet mix: strong loan production, but elevated payoffs and higher funding costs limiting near-term margin expansion. He also highlighted strategic growth initiatives, including a faster-than-expected buildout of the Fort Worth wealth team, a new branch in Prosper, and continued openness to acquisitions.
Julie Shamburger said EPS was $0.90 and net income was $26.8 million, while NIM compressed to 2.90% from 3.01% because of lower asset yields and higher wholesale funding costs. She noted deposits fell $705.1 million, largely due to brokered deposits, while liquidity remained strong with $2 billion in liquidity lines available and capital levels still robust. She also pointed to improving fee income, with trust fees up 26.4% year over year and brokerage fees up 18.3% versus the first half of 2025, while non-interest expense fell to $38.7 million and the efficiency ratio improved to 52.96%.
Analysts focused on credit, loan payoffs, margin pressure, and capital deployment. Management said classified assets should keep improving as multifamily and other CRE credits move through lease-up, sales, or refinancings, and Keith said they do not anticipate losses inside that portfolio. On margins, management said funding pressure was a major driver, with expensive deposit competition and wholesale mix changes, but they also expect some offset from repricing floating-rate loans and potentially higher rates later in the year. On capital, Keith said buybacks remain part of the plan, but the bank is also actively looking for acquisitions, likely in Texas and sized around $1 billion, with flexibility toward larger deals if they provide scale.
The positive case is that Southside is still producing strong loans, fees are improving, and credit looks clean. Management sounded confident about the North Texas wealth team, the new branch, and possible M&A, while also noting that if rates rise or stay flat, the bank’s asset-sensitive positioning could help net interest income.
The main risks are margin compression, deposit competition, and continued elevated payoffs that could keep loan growth and NII uneven. Management acknowledged that some CDs may need repricing, brokered funding had become more expensive, and the loan book is being pressured by thinner spreads, with high-quality deals already pricing in the 190-195 over range and some lost at 185 over or lower.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 94.8%
- Shares Outstanding
- 29.75M
- Float Shares
- 28.20M
of shares held by institutions
183 13F filers
Buy/sell ratio 0.00. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Congressional trading
Senate and House stock disclosures for SBSI, newest first.
Source: public STOCK Act disclosures. Filed weeks after the trade — a lagging signal, not a real-time one.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Blackrock, Inc. | 4.27M | ▲ 69.75K |
| Vanguard Group Inc | 2.03M | ▲ 31.57K |
| Dimensional Fund Advisors LP | 1.41M | ▲ 22.07K |
| State Street Corp | 1.33M | ▲ 34.56K |
| Vanguard Capital Management LLC | 1.25M | ▲ 11.07K |
| Geode Capital Management, LLC | 737.96K | ▲ 16.54K |
| Renaissance Technologies LLC | 419.15K | ▼ 21.00K |
| Charles Schwab Investment Management Inc | 360.38K | ▼ 29.48K |
| Sixth Street Partners Management Company, L.P. | 360.38K | ▲ 360.38K |
| Two Sigma Investments, LP | 348.46K | ▼ 46.36K |
| Northern Trust Corp | 342.76K | ▲ 23.54K |
| American Century Companies Inc | 338.89K | ▼ 4.44K |
Held by 260 ETFs
Biggest fund positions in SBSI by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Jun 24, 26 | SHANDS HILLIARD J | other | 6,525 |
| Jul 18, 26 | Burchard Curtis | other | 351 |
| Jun 20, 26 | Anthony Sherri | other | 128 |
| Jun 20, 26 | PINKLEY APRIL | other | 135 |
| Jun 20, 26 | Martinez Anne | other | 176 |
| Jun 9, 26 | Craddock John Mitchell Jr. | sell | 486 |
| May 30, 26 | Craddock John Mitchell Jr. | other | 206 |
| May 30, 26 | Green Jared C. | other | 75 |
| May 14, 26 | GIBSON LEE R | other | 1,246 |
| May 14, 26 | Frailey Alton L. | other | 2,337 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our SBSI coverage
Recent articles, reports, and earnings notes.
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Generate SBSI report →Southside Bancshares, Inc. Increases and Declares Cash Dividend
businesswire.com · Aug 6
Arrowstreet Capital Limited Partnership Sells 18,834 Shares of Southside Bancshares, Inc. $SBSI
defenseworld.net · Aug 4
Fifth Third Bancorp Purchases 16,490 Shares of Southside Bancshares, Inc. $SBSI
defenseworld.net · Jul 30
Southside Bancshares Q2 Earnings Call Highlights
defenseworld.net · Jul 26
Southside Bancshares, Inc. (SBSI) Q2 2026 Earnings Call Transcript
seekingalpha.com · Jul 24
Southside Bancshares Q2 Earnings Call Highlights
marketbeat.com · Jul 24
Compared to Estimates, Southside Bancshares (SBSI) Q2 Earnings: A Look at Key Metrics
zacks.com · Jul 24
Southside Bancshares (SBSI) Beats Q2 Earnings Estimates
zacks.com · Jul 24
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