SBSI — what changed in the latest 10-Q
A section-by-section comparison of SBSI's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-10-29 vs the prior 10-Q · 2026-07-24
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +20 | −22 | ~62 | 82 |
| Market risk (Item 3) | Text added/removed | +1 | 0 | ~3 | 5 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 1 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-10-29
Net income was $28.0 million for the three months ended September 30, 2026, compared to $4.9 million for the same period in 2025, an increase of $23.1 million, or 469.4%. The increase in net income was largely driven by a $25.7 million increase in noninterest income and, to a lesser extent, a $4.6 m…
During the nine months ended September 30, 2026, our net income increased $29.8 million, or 61.9%, to $78.1 million from $48.2 million for the same period in 2025. The increase in net income was due to a $30.0 million increase in noninterest income and, to a lesser extent, $11.5 million increase in …
Our total shareholders’ equity at September 30, 2026 decreased 0.6%, or $4.7 million, to $842.9 million, or 9.5% of total assets, compared to $847.6 million, or 10.0% of total assets, at December 31, 2025. The decrease in shareholders’ equity was the result of other comprehensive loss of $54.2 milli…
The 214.5% increase in noninterest income for the three months ended September 30, 2026, when compared to the same period in 2025, was due to a decrease in net loss on sale of securities AFS and increases in trust fees, deposit services and brokerage services income. The 288.6% increase in nonintere…
During the three and nine months ended September 30, 2025, we sold MBS and municipal securities that resulted in a net loss on sale of AFS securities of $24.4 million and $24.9 million, respectively.
Text removed vs the prior filing · source: 10-Q · 2026-07-24
Net income was $26.8 million for the three months ended June 30, 2026, compared to $21.8 million for the same period in 2025, an increase of $5.0 million, or 23.0%. The increase in net income was due to a $3.1 million increase in net interest income, a $1.9 million increase in noninterest income, a …
During the six months ended June 30, 2026, our net income increased $6.8 million, or 15.6%, to $50.1 million from $43.3 million for the same period in 2025. The increase in net income was due to a $6.9 million increase in net interest income and a $4.2 million increase in noninterest income, partial…
Our total shareholders’ equity at June 30, 2026 increased 4.1%, or $34.8 million, to $882.5 million, or 10.1% of total assets, compared to $847.6 million, or 10.0% of total assets, at December 31, 2025. The increase in shareholders’ equity was the result of net income of $50.1 million, other compreh…
The 15.3% increase in noninterest income for the three months ended June 30, 2026, when compared to the same period in 2025, was due to increases in BOLI income, trust fees, other noninterest income, deposit services and brokerage services income. The 18.9% increase in noninterest income for the six…
During the six months ended June 30, 2025, we sold MBS that resulted in a net loss on sale of AFS securities of $554,000.
Market risk (Item 3)
Text added vs the prior filing · source: 10-Q · 2026-10-29
higher energy and gas prices, and interest rate fluctuations could have a negative impact on both our consumer and commercial borrowers in the future.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice