Southside Bank Q2 Grows Despite Headwinds | Business and Finance News

Southside Bank delivered a strong Q2 with EPS hitting 90 cents, fueled by rising non-interest income and cost cuts, despite a slight dip in net interest income from higher funding costs. New loan production soared to $487 million, up from prior quarters and last year, while loan balances held steady as payoffs rose—especially in commercial real estate. The bank is targeting mid-single-digit annual loan growth and is expanding its wealth management team in Fort Worth, with a new Salina Prosper branch set to open in Q2 2027. Texas markets remain a bright spot, expected to outpace national growth. Classified assets are falling, with further declines anticipated as property owners refinance or sell. Securities values dipped slightly, but cash flows are being reinvested. Net income jumped 15.4% to $26.8 million, while deposits dipped slightly due to broker fund declines—but retail deposits surged. The bank remains well-capitalized with ample liquidity. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/da9d97adb7e32e84