Short answer
SOUTHSIDE BANCSHARES INC (SBSI) filed its fiscal 2025 10-K annual report with the SEC on Feb 27, 2026. It reported revenue of $403M (−2.7% year over year) and net income of $69M.
- Top risk flagged: Regulatory/legal risk: Potential higher FDIC insurance costs, with $3.76 million expense in 2025, slightly down from $3.79 million in 2024
FY2025 key financial metrics · XBRL
- Revenue
- $403M
- −2.7% YoY
- Net income
- $69M
- −21.8% YoY
- EPS (diluted)
- $2.29
- −21.3% YoY
- ROE
- 8.2%
- −2.7 pp YoY
- Operating cash flow
- $94M
- −7.9% YoY
Source: XBRL data from the SOUTHSIDE BANCSHARES INC (SBSI) FY2025 10-K on SEC EDGAR. USD.
SOUTHSIDE BANCSHARES INC FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: Regional bank providing deposit, loan, and credit services with emphasis on liquidity and interest rate risk management
- New focus on Federal Reserve Discount Window borrowings at $110 million in 2025, none in 2024, reflecting enhanced liquidity strategy
- Liquidity investments decreased to 8.1% of assets in 2025 from 8.6% in 2024, driven by lower short-term investments and cash balances
- Interest rate risk managed via simulation models by ALCO to stabilize net interest income amid rate fluctuations
- Significant available borrowing capacity from FHLB at $2.45 billion net collateral, supporting liquidity and lending flexibility
Management Discussion & Analysis
- Total shareholders’ equity $847.6M, up 4.4% YoY from $811.9M; includes net income $69.2M, dividends paid $43.4M, stock repurchases $23.4M
- Capital ratios: Common Equity Tier 1 12.87% (consolidated) vs 13.04% prior year; Tier 1 Capital 13.88% vs 14.07%; Total Capital 18.54% vs 16.49%
- Investment portfolio decreased 4.5% to $2.73B; MBS increased 30.8% to $1.37B; municipal securities decreased 24.4%
- Borrowings decreased 48.1% to $208.7M end 2025; FHLB borrowings down $520.8M to $211.1M; increased FRDW borrowings $110M
- Management sees no capital adequacy issues; dividends will depend on earnings and board discretion; risks include interest rate volatility affecting AFS securities Unrealized losses $145M
Risk Factors
- Regulatory/legal risk: Potential higher FDIC insurance costs, with $3.76 million expense in 2025, slightly down from $3.79 million in 2024
- Geopolitical/macroeconomic threat: Loan loss allowance steady at $45.1 million as of Dec 31, 2025, despite modest $3.1 million credit loss provision reflecting economic forecast uncertainty
- Operational/supply chain vulnerability: $1.2 million one-time charge for demolition of old branch facility completed in Q2 2025 impacts noninterest expenses
- Competitive/market disruption risk: Decrease in low-cost deposits to 79.2% of average deposits in 2025 from 83.7% in 2024, increasing reliance on brokered non-maturity deposits (9.5%) with risks of cost and loyalty
- Financial/structural risk: Net interest income only up 2.3% to $221.1 million in 2025 despite lower interest rates, reflecting margin pressure and asset yield decline to 5.25% from 5.40%
Generated from the filing text; verify against the original. How to read a 10-K
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