Banks Mixed in Q2; Merger Probe

Southside Bancshares reported Q2 2026 net income of $26.8 million and EPS of $0.90 on $8.76 billion in assets, with loans up 7.6% year over year and nonperforming assets at 0.11% of assets, while deposits declined due to brokered funds despite retail deposits rising. BancFirst beat expectations with Q2 2026 earnings of $1.96 per share and $187.49 million in revenue, delivering a positive surprise and highlighting ongoing performance relative to year-ago results. Bank First Corporation also exceeded expectations, posting $2.45 per share in Q2 2026 earnings on $65.04 million in revenue, supported by a year-over-year earnings rise. Separately, Halper Sadeh LLC is conducting a securities-fraud inquiry into Northrim BanCorp’s merger with PBCO Financial, focusing on the fairness of the deal, process, and disclosures. An AI-generated Seeking Alpha disclaimer accompanying one of the articles notes potential limitations in AI-based content, underscoring caution about accuracy. Overall, the batch highlights mixed near-term results from banks alongside active corporate governance and legal scrutiny around a merger.