Southside Bancshares (SBSI) Misses Q3 EPS by 56c
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Southside Bancshares, Inc. Announces Financial Results for the Third Quarter Ended September 30, 2025
October 24, 2025 5:45 AM EDTTYLER, Texas, Oct. 24, 2025 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (Southside or the Company) (NYSE: SBSI) today reported its financial results for the quarter ended September 30, 2025.
During the third quarter, we restructured a portion of our available for sale (AFS) securities portfolio to enhance future earnings by selling approximately $325 million of primarily lower yielding long duration municipal securities and, to a lesser extent, mortgage-backed securities (MBS), with a combined taxable equivalent yield of approximately 3.28% at a loss of $24.4 million, stated Lee R. Gibson, Chief Executive Officer of Southside. The majority of the sales... More
