Southside Bancshares Inc. (NYSE: SBSI) announced its Q3 2025 earnings on October 24, 2025, reporting net income of $4.9 million versus $20.5 million in the same quarter a year earlier, and earnings per share of $0.16 compared with $0.68. Net interest income for the quarter was $55.7 million, and the net interest margin fell one basis point to 2.94% after the company issued $150 million of subordinated debt. The company also recorded a $24.4 million net loss on the sale of available‑for‑sale securities.
The quarter saw a $163.4 million increase in total loans, with $81.0 million of that growth occurring on September 30, 2025. The loan expansion was driven by commercial real‑estate, commercial, and construction lending, and net interest income rose $1.45 million compared with the prior quarter.
Southside repositioned its available‑for‑sale portfolio by selling $325 million of lower‑yielding long‑duration municipal securities, incurring a $24.4 million loss. Proceeds from the sale were used to fund loan growth, and the company reinvested the balance in agency mortgage‑backed securities and Texas municipal securities with higher yields.
In August, the company issued $150 million of subordinated debt at a 7.00% fixed rate that later converted to floating, a move that contributed to the slight decline in net interest margin for the quarter.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.