Southside Bancshares (SBSI) Financials

Southside Bancshares (NYSE:SBSI) has demonstrated consistent profitability over the last several years, with net income steadily increasing from $17.3 million in Q4 2023 to $21.8 million in Q2 2025. Earnings per share (EPS) followed a similar positive trend, climbing from $0.58 in Q4 2023 up to $0.72 in Q2 2025.

The company’s net interest income remains the primary driver of revenue, staying robust around the $53-55 million mark per quarter in recent periods. Non-interest income shows moderate fluctuations but generally contributes a meaningful supplement to total revenues. Provision for credit losses has varied, with some quarters even showing a provision benefit, indicating effective credit risk management.

On the expense side, total non-interest expenses have increased modestly, reflecting higher salaries, occupancy, and operating expenses, which is not unexpected given business growth and inflationary pressures. However, the firm maintains reasonable control over costs as the expense growth is not outpacing revenue increases significantly.

From a cash flow perspective, operating cash flow remains positive and relatively stable, supporting ongoing operational needs and investments. Meanwhile, investing cash flows have fluctuated due to changing levels of investment securities purchases and maturities but show the bank actively managing its asset portfolio. Financing activities cash flows reveal periodic debt issuance and repayments, reflecting active balance sheet management to optimize capital structure.

Asset growth has been steady, with total assets increasing from approximately $7.6 billion in Q2 2022 to over $8.3 billion by Q2 2025. Loan and lease balances have grown consistently, supporting higher interest income. Deposits, the primary source of funding, also exhibit an upward trend, indicating customer growth and stable funding.

Overall, Southside Bancshares appears to be on a healthy growth trajectory, balancing income growth with prudent expense and capital management.

• Consistent net income growth from $17.3M in Q4 2023 to $21.8M in Q2 2025.
• Steady increase in earnings per share from $0.58 to $0.72 over the same period.
• Stable and strong net interest income, primary revenue driver (~$53-55M per quarter).
• Positive operating cash flows consistently supporting operations.
• Steady asset growth with loans and deposits increasing, indicating business expansion.
• Moderate fluctuations in non-interest income and expenses reflecting normal operational variability.
• Active debt issuance and repayments indicate management’s focus on capital structure optimization.
• Provision for credit losses fluctuates, with occasional increases signaling credit risk exposure.
• Increasing expenses such as salaries and occupancy could pressure margins if unchecked.
• Negative cash flow from financing activities in recent quarters suggests capital return or debt reduction, which may impact liquidity.