Dafinchi AI

SouthState Corporation

SSB

Financial Services

3w

Successful Completion of Texas and Colorado System Conversion Amidst Market Disruption

The bank completed a major IT system conversion in Texas and Colorado, involving 400 staff serving as ambassadors during a 3-week transition.
Over 1,000 employees contributed to the successful conversion, which was described as one of the best in the company's history.
The conversion coincided with a 35% increase in loan production in Texas and Colorado, indicating operational resilience and strategic timing.

Prosperity Bancshares, Inc.

PB

Financial Services

3w

Strategic Merger with American Bank Holding Company to Expand Presence in South and Central Texas

Prosperity Bancshares announced a definitive agreement to merge with American Bank Holding Company, aiming to strengthen its footprint in South Texas and enhance presence in San Antonio and Central Texas.
The merger is expected to bring about significant growth in the San Antonio market with four new branches and increase market share in Corpus Christi, Victoria, Odessa, Midland, Lubbock, and Bryan-College Station.
Management emphasized the strategic importance of the acquisition, highlighting the high-quality deposit franchise, strong credit quality, and the potential for NII accretion, with an estimated $85-90 million annualized benefit.
The deal is seen as a core bank acquisition with low runoff risk, and the company remains open to further M&A activity, including potential expansion outside Texas and Oklahoma.

WSBC

Financial Services

2w

Successful Customer Data Systems Conversion of Premier Financial

WesBanco completed the seamless conversion of Premier Financial's customer data systems in May, transitioning approximately 400,000 consumer and 50,000 business relationships.
The conversion included rebranding and operational integration of about 70 financial centers, with strong customer reception and retention.
Management highlighted the collaboration of all employees in ensuring a smooth transition and exceptional service during the integration.
The successful system conversion was a key milestone that enabled the realization of 26% cost savings planned from the acquisition.
Leadership emphasized that the conversion process was the smoothest they have experienced, with no significant hiccups or customer issues.
The focus now is on leveraging the integrated systems to grow relationships and drive fee income.

Stellar Bancorp, Inc.

STEL

Financial Services

3w

Return to Organic Loan Growth Driven by Market Conditions and M&A Activity

Loan originations nearly doubled in Q2 2025 compared to Q1, reaching $640 million, marking the highest level since 2022.
Pipeline remains healthy, supporting continued growth.
Market dynamics, including increased M&A activity in Texas, are creating opportunities for customer acquisition and talent recruitment amid some disruption.

Byline Bancorp, Inc.

BY

Financial Services

3w

Successful Integration of First Security Acquisition and System Upgrade

Completed the acquisition of First Security, adding $280 million in deposits and $153 million in loans.
System conversion and integration finalized by end of April, with all related costs included in expenses.
The transaction enhanced commercial relationships and contributed to loan and deposit growth.

Southside Bancshares, Inc.

SBSI

Financial Services

3w

Potential M&A Opportunities Driven by Texas Bank Acquisitions

Management highlighted recent Texas bank acquisitions as potential dislocation opportunities for hiring and client acquisition.
They see a possibility of acquiring talent and clients from out-of-state acquisitions, with a strategic interest in participating in upcoming seller opportunities in Texas.

Southern Missouri Bancorp, Inc.

SMBC

Financial Services

3w

Significant Loan Growth Driven by Sector Diversification and Pipeline Strength

Quarterly loan balances increased by $76 million, or 7.6% annualized, with notable growth in C&I, multifamily, and agricultural production loans.
Loan pipeline for the next 90 days is strong at $224 million, up from $163 million in March and $157 million a year ago.
Despite strong pipeline, expected higher prepayment activity in the upcoming quarter, especially in nonowner-occupied CRE, may temper net loan growth.

Great Southern Bancorp, Inc.

GSBC

Financial Services

4w

Financial Performance Summary

Annualized net interest margin improved to 3.68%, up 25 basis points from the prior year and 11 basis points from Q1 2025.
Capital position remained strong with total stockholders' equity at $622.4 million, representing 10.6% of total assets and a book value of $54.61 per share.
Loan portfolio declined 3.3% to $4.6 billion due to higher loan payoffs, including a $30 million payoff on the last day of the quarter.
Net income for Q2 2025 was $19.8 million or $1.72 per diluted common share, up from $17.0 million or $1.45 per share in Q2 2024.
Net interest income increased to $51.0 million, an 8.9% improvement year-over-year, supported by higher loan and investment yields and lower funding costs.
Noninterest expenses declined 3.9% year-over-year to $35.0 million, driven by lower legal and professional fees and reduced expenses on other real estate owned, partially offset by increased technology investments.
Noninterest income decreased 16.5% year-over-year to $8.2 million, impacted by timing of tax credit partnership income and prior year software vendor termination income.
Nonperforming assets were $8.1 million or 0.14% of total assets, with net recoveries on loans of $111,000 and no provision for credit losses on outstanding loans.
The company redeemed $75 million of subordinated notes early, saving future interest costs, and repurchased nearly 176,000 shares in the quarter.
Total deposits were $4.68 billion at quarter end, up 1.7% from December 31, 2024, but down 1.6% from Q1 2025, with brokered deposits and checking accounts increasing while retail CDs declined.

Southern Missouri Bancorp, Inc.

SMBC

Financial Services

3w

Financial Performance Summary

Allowance for credit losses was $51.6 million or 1.26% of gross loans, down from $54.9 million in the prior quarter.
Earnings for the June quarter were $1.39 diluted, unchanged from the prior quarter but up 17% year-over-year.
Full year fiscal '25 earnings were $5.18 compared to $4.42 in fiscal '24, driven by stronger net interest income from 7% earning asset growth and net interest margin expansion.
Net charge-offs totaled $5.3 million for the quarter, primarily from a special purpose CRE loan and a commercial contractor credit.
Net interest margin for the quarter was 3.46%, up from 3.39% in the prior quarter, benefiting from higher loan yields and deployment of excess cash into loans.
Noninterest expense rose 2.3% due to $425,000 consulting expenses and increased data processing costs.
Noninterest income increased 9.2% quarter-over-quarter, driven by an additional card network bonus of $537,000.
Provision for credit losses increased to $2.5 million from $932,000 in the prior quarter due to net charge-offs and loan growth.
Quarterly dividend increased by $0.02 or 8.7% to $0.25 per share.
Return on average assets was 1.21% and return on average equity was 11.4% for fiscal 2025.
Tangible book value per share increased by $5.19 or just above 14% over the last 12 months to $41.87.