Short answer
SOUTHSIDE BANCSHARES INC (SBSI) filed its Q3 2025 10-Q quarterly report on Oct 28, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $102M (down 3.6% year over year) with net income of $5M.
Q3 2025 key financials · XBRL
- Revenue
- $102M
- −3.6% YoY · +3.4% QoQ
- Net income
- $5M
- −76.1% YoY · −77.5% QoQ
- EPS (diluted)
- $0.17
- −75.0% YoY · −76.1% QoQ
Source: XBRL data from the SOUTHSIDE BANCSHARES INC (SBSI) Q3 2025 10-Q on SEC EDGAR. USD.
SOUTHSIDE BANCSHARES INC Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue net interest income $55.7M Q3 2025 vs $55.5M Q3 2024, increase $0.25M; net interest margin 2.81% Q3 2025 vs 2.82% Q3 2024
- Net income $4.9M Q3 2025, down 76.1% YoY from $20.5M Q3 2024; earnings per share $0.16 vs $0.68 YoY
- Best performing segment: net interest income steady; worst performing: noninterest income down $20.2M Q3 2025 vs Q3 2024 due to $24.4M net loss on sale of securities
- Deposits increased $307.3M (4.6%) to $6.96B; total assets decreased $134.3M (1.6%) to $8.38B; FHLB borrowings down $630.6M (86.2%)
- Management notes economic uncertainty from tariffs but positive Texas market outlook; no updated earnings guidance disclosed
Risk Factors
- New risk: Potential negative impact on net interest income from Federal Reserve's 25 bps rate cut to 4.00%-4.25% in Q3 2025
- Updated risk: Net loss on sale of AFS securities increased to $24.4M in Q3 2025 vs. $1.9M in Q3 2024, severely reducing noninterest income
- Legal/regulatory risk: Effective tax rate dropped to 3.7% in Q3 2025 from 17.6% in Q3 2024, reflecting impact of tax-exempt income and losses on AFS securities sales
- Operational risk: Higher noninterest expenses including $1.2M one-time branch demolition charge and rising professional fees, driven by audit, legal, and consulting costs
- Financial risk: Interest bearing liabilities reduced by $44M YoY with rates paid declining to 3.01% in Q3 2025 from 3.28% in Q3 2024, improving net interest margin slightly despite lower asset yields
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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