Southside Bancshares Q3 Net Income Rises Year Over Year to $27.98 Million
Bitget2026/10/29 09:46- Southside Bancshares' third-quarter 2026 net income rose to $28 million year-over-year, primarily due to the prior-year loss on AFS securities sales.
- Net interest income climbed 8% year-over-year to $60.3 million, primarily due to higher average earning assets and lower interest-bearing liability rates.
- September 30 deposits fell 14% year-over-year to $6.01 billion, primarily due to lower brokered deposits and public funds deposits.
- Nonperforming assets dropped 56% year-over-year to $15.8 million at September 30, primarily due to a decrease in restructured loans.
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