Southside Bancshares Q3 net income falls on securities loss

Southside Bancshares

24/10/2025 10:54

Overview

Southside Q3 net income falls 76% yr/yr due to $24.4 mln securities loss

Company's Q3 EPS drops 76.5% yr/yr, impacted by securities restructuring

Net interest income for Q3 rises 0.5% yr/yr, driven by asset growth

Outlook

Company did not provide specific guidance for future quarters or the full year

Result Drivers

SECURITIES RESTRUCTURING - Co restructured AFS securities portfolio, incurring $24.4 mln loss to enhance future earnings, per CEO Lee R. Gibson

LOAN GROWTH - Proceeds from securities sale funded loan growth, with total loans increasing by $163.4 mln in Q3

NET INTEREST INCOME - Linked quarter, net interest income increased $1.45 mln, driven by higher asset balances despite lower net interest margin

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
$0.16
Q3 Net Income
$4.91 mln
Q3 Net Interest Income
$55.71 mln
Q3 Pretax Profit
$5.10 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"

Wall Street's median 12-month price target for Southside Bancshares Inc is $33.00, about 16.3% above its October 23 closing price of $27.62

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nGNX5rNcwN

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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.)