Southside Bancshares Q2 net income falls 12%

Southside Bancshares

25/07/2025 10:58

Overview

Southside Bancshares Q2 net income falls 11.6% yr/yr to $21.8 mln

EPS for Q2 declines 11.1% yr/yr to $0.72

Co repurchased 424,435 shares under Stock Repurchase Plan

Outlook

Southside anticipates 3-4% loan growth for full year 2025

Southside sees solid loan pipeline supporting growth

Result Drivers

NET INTEREST MARGIN - Increased nine basis points to 2.95% due to lower rates on liabilities and higher yields on assets

LOAN GROWTH - Total loans grew by $35 mln linked quarter

NONINTEREST EXPENSE - Rose due to $1.2 mln one-time charge for branch demolition

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
$0.72
Q2 Net Income
$21.81 mln
Q2 Net Interest Income
$54.27 mln
Q2 Pretax Profit
$26.53 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy."

Wall Street's median 12-month price target for Southside Bancshares Inc is $32.00, about 4.2% above its July 24 closing price of $30.66

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nGNX7F3NHs

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)