Southside Bank Announces Retirement of Chief Executive Officer, Lee Gibson, Appoints Keith Donahoe as Successor

Southside Bancshares’ Q2 2026 earnings call said net income rose as non-interest income increased and expenses were controlled, while net interest income edged down. Loan balances were flat after $487M new production offset $297M payoffs. Net interest margin fell 11 bps to 2.90%. 2026 targets include mid-single-digit loan growth and quarterly non-interest expense around $40.5M.

SOUTHSIDE BANCSHARES INC (SBSI) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 ex991er06302026.htm EX-99.1 Document EXHIBIT 99.1 SOUTHSIDE BANCSHARES, INC. ANNOUNCES FINANCIAL RESULTS FOR THE SECOND QUARTER ENDED JUNE 30, 2026 • Second quarter net income of $26.8 million; • Second quarter earnings per diluted common share of $0.90; • Annualized re

Eaton (NYSE:ETN) said the U.S. Air Force Research Laboratory awarded it a $7 million, 24-month contract to use quantum computing, machine learning, and advanced visualization to improve power grid resilience and protection. The work, with Infleqtion and Penn State, targets detection and response to multiple concurrent physical and cyber threats, addressing NERC N-2 contingency requirements.

ExxonMobil Moçambique Limitada issued McDermott Energy Solutions (UK) a letter of intent for limited engineering and procurement work on Rovuma LNG Phase 1 midstream development. The award supports planning ahead of a final investment decision expected in 2026. Rovuma LNG targets 12 modular trains totaling 18.6 mtpa, with start-up in 2031. ExxonMobil says the 30-year project could generate about $150B in revenues for Mozambique’s government.

Serbia President Aleksandar Vucic said Serbia will open a joint UAV factory with Elbit Systems, with inauguration expected Sept 15-20. Elbit will hold 51% and Serbia’s state arms firm SDPR 49%. The factory relates to a five-year contract covering precision rockets and unmanned systems, plus ISTAR, digitization and upgrades.

The U.S. Department of Defense, according to The Washington Post, asked defense contractors to submit within 21 days production and delivery schedules for critical systems, citing depleted stockpiles. CSIS estimates cite heavy early use of missiles and falling Patriot and THAAD inventories. The Pentagon is working with Northrop Grumman and Lockheed Martin, including a $58.6B deal to triple PAC-3 output by 2030, pending a stalled $1.15T defense budget.