Southside Bancshares Q2 net income rises; expects to meet  FY loan growth target

Southside Bancshares

24/07/2026 10:57

    

    Overview
  
US regional bank reported Q2 net income up 23% yr/yr, EPS up 25%
Net interest income for Q2 rose 5.7% yr/yr, driven by higher earning assets
Nonperforming assets remained low at 0.11% of total assets

    

    Outlook
  
Company expects to meet its mid-single digit loan growth target for the year

    

    Result Drivers
  
HIGHER EARNING ASSETS - Net interest income rose due to an increase in average balance of interest earning assets and a decrease in average rate paid on interest bearing liabilities
NONINTEREST INCOME GROWTH - Noninterest income increased, led by higher bank owned life insurance income, trust fees, deposit services, and brokerage services
LOWER NONINTEREST EXPENSE - Noninterest expense declined, mainly due to a decrease in other noninterest expense

    
Company press release: ID:nBw7g3LjHa

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 EPS
 
$0.90
 
Q2 Net Income
 
$26.84 mln
 
Q2 Net Interest Income
 
$57.33 mln
 
Q2 Pretax Profit
 
$32.58 mln
 

    

    Analyst Coverage
  
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 5 "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 $37.00, about 8.5% above its July 23 closing price of $34.09
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago

    

    Reuters Recommended Reads
  
July 22 - Texas Capital Bancshares Q2 net income rises as average earning assets increase
July 23 - Customers Bancorp Q2 net income rises 28%, reaffirms 2026 guidance
July 23 - Glacier Bancorp Q2 profit jumps on higher net interest income, wider margin

    
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(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.)