Latest Quarterly Results
Segment Highlights
- Loans: Total loans reached $4.18 billion, an increase of 1.1% from the previous quarter, led by activity in construction and commercial real estate.
- Securities: The company restructured its Available-for-Sale (AFS) municipal securities portfolio, resulting in a recognized loss of $7.3 million during the quarter.
- Deposits: Net deposits increased by $40.8 million, excluding public and brokered funds, bringing total deposits to $6.44 billion.
- Wealth Management: Trust fees contributed to the non-interest income total of $12.9 million for the quarter.
Financial Trends
Full Year Results Context
For the fiscal year ended December 31, 2025, Southside Bancshares reported annual revenue of $246.3 million and a net profit of $69.2 million. These figures indicate a contraction in annual performance compared to the 2024 fiscal year, where net income was $88.5 million, representing a 21.8% year-over-year decrease. Net interest income for the full year 2025 trended lower at $214.6 million.
Business & Operations Update
On January 1, 2026, Keith Donahoe assumed the role of President and Chief Executive Officer, succeeding Lee Gibson. In November 2025, the company completed its dual listing on the NYSE Texas exchange. Operationally, the bank reduced its municipal securities concentration from 21% to 19% of the total portfolio to adjust interest rate sensitivity.
M&A or Strategic Moves
The company announced the scheduled redemption of $93.0 million in 3.75% subordinated notes. This transaction is finalized for February 15, 2026. No new mergers or acquisitions were disclosed in the latest reporting period.
Guidance & Outlook
Management indicated that the redemption of subordinated debt in February 2026 is expected to result in net interest margin expansion during the first quarter of 2026. Factors to watch include the continued stabilization of deposit costs and the execution of the company’s technology investment plan.
Performance Summary
Southside Bancshares stock moved 4.00% lower following its Q4 results. The company reported a quarterly net profit of $21.0 million and an annual profit contraction of 21.8%. Loan growth and portfolio restructuring remain primary operational signals.