Southside Bancshares reports Q2 net income of $26.8M, exits brokered deposits

Filed July 24, 2026 · Period ending July 24, 2026 · ~1 min read

Key Changes

• high

  Q2 2026 net income of $26.8M ($0.90/share) up 23% year-over-year, with 1.23% ROA and 16.09% return on tangible equity, driven by higher net interest income and lower credit costs.

  Exhibit 99.1 view on EDGAR →
• high

  Deposits fell 10.3% sequentially to $6.17B as the bank exited 99.4% of brokered deposits ($777.9M reduction), cutting total deposit costs 19 basis points to 1.94% but compressing net interest margin to 2.80%.

  Exhibit 99.1 view on EDGAR →
• high

  Net interest income of $57.3M up 5.7% year-over-year but down 0.6% sequentially; net interest margin compressed to 2.80% from 2.91% in Q1 2026 despite lower funding costs.

  Exhibit 99.1 view on EDGAR →