Noticias y eventos de Southside Bancshares Inc (SBSI)SBSISouthside Bancshares Inc

Southside Bancshares Board Approves Quarterly Cash Dividend Increase to $0.37

The Board of Directors of Southside Bancshares approved a 2.8% increase to the regular quarterly cash dividend of $0.01, to $0.37 per common share and declared a regular quarterly cash dividend of $0.37 per common share. The cash dividend of $0.37 is scheduled for payment on September 3, 2026, to common stock shareholders of record on August 20, 2026. "As a result of our strong capital position created through solid core earnings, we are pleased to announce an increase in our quarterly dividend," stated Keith Donahoe, President and Chief Executive Officer of Southside Bancshares, Inc. "This increase reflects our ongoing commitment to creating shareholder value as well as our confidence in the continued financial strength of Southside."

Southside Reports Q1 Revenue of $72.1M, Beating Estimates

Reports Q1 revenue $72.1M, consensus $70.92M. "We are pleased to report solid financial results for the first quarter ended March 31, 2026, which include linked quarter loan growth of 2.7%, earnings per share of $0.78, a return on average assets of 1.10% and a return on average tangible common equity of 14.39%," stated Keith Donahoe, president and CEO of Southside. "Linked quarter, net interest income increased $441,000 to $57.7 million, and our net interest margin increased three basis points to 3.01% due to lower funding costs during the quarter. We expect further savings on our funding costs during the second quarter after the redemption in February of our $93 million subordinated notes due 2030 which had an interest rate of 7.51%."

Southside Reports Q4 Revenue of $71.99M, Exceeds Expectations

Reports Q4 revenue $71.99M, consensus $71.7M. Reports Q4 tangible book value per share $21.72. Reports Q4 net charge-offs .07%. "During the fourth quarter, we continued the restructure of a portion of our available for sale securities portfolio by selling approximately $82 million of lower yielding long duration municipal securities with a combined taxable equivalent yield of approximately 2.59% at a loss of $7.3 million," stated Keith Donahoe, president and CEO of Southside. "All the sales occurred at the end of October. The proceeds from the sale of these securities were reinvested primarily in U.S. Agency mortgage-backed securities. Linked quarter, net interest income increased $1.5 million, our net interest margin increased four basis points to 2.98% due to lower funding costs during the quarter and deposits, net of public fund and brokered deposits, increased $40.8 million. Linked quarter, total loans increased $52.7 million. On February 15, 2026, we will redeem our $93 million subordinated notes due 2030 which bear interest at a rate of 7.51%. We expect the redemption to have a positive impact on our net interest margin in the first quarter."