10-Q · April 30, 2026
Southside Bancshares, Inc. reported Q1 2026 earnings with revenue of $58.7 million, below expectations of $70.93 million, and EPS of $0.78, surpassing the estimated $0.76. The company noted improvements in loan growth…
Earnings analysis · 10-Q
SBSI earnings analysis
Filed July 24, 2026 · Our reading of the company's report
The latest report
Southside reported Q2 2026 diluted EPS of $0.90, up from $0.78 in Q1 2026 and $0.72 in Q2 2025, but reported revenue of $72.752 million was below the $115 million and $111 million supplied comparison-period figures.…
Read full summary
Southside reported Q2 2026 diluted EPS of $0.90, up from $0.78 in Q1 2026 and $0.72 in Q2 2025, but reported revenue of $72.752 million was below the $115 million and $111 million supplied comparison-period figures. Gross and operating margins are not meaningful/disclosed as such in the provided bank-filing extract, and the extract does not provide sufficient quantified balance-sheet, operating-cash-flow, capex, or segment-revenue data to assess those trends. The outlook is tempered by materially greater modeled downside to falling rates: a 200-basis-point decline is projected to reduce next-12-month net interest income by 6.11%.
Reported figures
- Earnings per share
- $0.9
What stood out
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EPS increased sequentially and year over year
Diluted EPS was $0.90, up $0.12 from $0.78 in 2026Q1 and up $0.18 from $0.72 in 2025Q2. The reported $0.90 also exceeded the $0.86 consensus estimate by $0.04.
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Substantial buyback authorization remains
The company retained authorization to repurchase 762,135 common shares at June 30, 2026. No shares were repurchased during April, May, or June 2026.
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Model remains asset-sensitive in rate increases
Under its June 30, 2026 interest-rate model, a 100-basis-point increase in rates would raise next-12-month net interest income by 2.22%, while a 200-basis-point increase would raise it by 4.52%.
What to watch
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Revenue declined sharply versus comparison periods
Reported revenue was $72.752 million, versus $115 million in 2026Q1 and $111 million in 2025Q2, a decline of approximately $42.248 million sequentially and $38.248 million year over year. This contrasts with EPS growth and was below the $75.01952 million consensus estimate.
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Rate-cut sensitivity has materially worsened
Down-rate exposure increased materially: the modeled impact on next-12-month net interest income from a 200-basis-point rate decrease was negative 6.11% at June 30, 2026, versus negative 1.51% at June 30, 2025.
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Macro uncertainty could pressure borrowers and NII
Management cites tariff negotiations and Middle East conflict as sources of uncertainty for inflation, energy and gas prices, interest rates, and Texas borrowers. Its model shows a 100-basis-point rate decline would reduce next-12-month net interest income by 2.79%.
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No material risk-factor updates disclosed
The company reported no material changes to risk factors previously disclosed in its 2025 Form 10-K. Accordingly, the filing does not identify a newly added or revised company-specific risk factor.
Management's outlook
The 10-Q provides no quantitative revenue or EPS outlook. Management states that it anticipates rate changes during the remainder of 2026, but does not quantify a business or earnings outlook.
Earlier filings 1
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.