TYLER, Texas, Nov. 24, 2025 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (NYSE: SBSI) (the “Company” or “Southside”), the parent company of Southside Bank, announced today a dual listing of its common stock on NYSE Texas, Inc., (“NYSE Texas”) a fully electronic equities exchange headquartered in Dallas, Texas. “As a Texas-based bank deeply rooted in the Texas communities we serve, we are pleased to announce our dual listing on NYSE Texas,” said Lee R. Gibson, Chief Executive Officer of Southside Bancshare ...

Core Insights - SoFi Technologies has shown significant recovery in its stock price, trading around $26 after hitting a low of $4.30 in December 2022, driven by declining interest rates and the resumption of student loan payments [1][3][6] Company Overview - Founded in 2011, SoFi initially focused on student loans and has since expanded into a comprehensive fintech platform offering mortgages, auto loans, personal loans, credit cards, insurance, estate planning, and stock trading tools [3][4] - The acquisition of Galileo in 2020 and obtaining a U.S. bank charter in 2022 have allowed SoFi to grow rapidly and leverage data for AI-driven financial services [4] Financial Performance - From 2021 to 2024, SoFi's year-end members increased from 2.5 million to 10.1 million, products in use rose from 1.9 million to 14.7 million, and adjusted annual revenue grew from $1.01 billion to $2.61 billion, reflecting a compound annual growth rate (CAGR) of 37% [6] - In the first nine months of 2025, adjusted revenue increased by 38% year over year to $2.58 billion, with member growth of 35% to 12.6 million and products in use climbing 36% to 18.6 million [7] Market Trends - The growth is primarily driven by younger millennial and Gen Z users who favor digital banking over traditional banks, allowing SoFi to capture a larger market share [8] Future Projections - Analysts project a CAGR of 27% for revenue and 44% for adjusted EBITDA from 2024 to 2027, driven by four key catalysts: expansion of the loan platform, growth in customer deposits, introduction of new services, and entry into blockchain and crypto markets [9][10][11][12] - If SoFi meets these projections, its adjusted EBITDA could grow at a CAGR of 20% through 2035, potentially leading to an eightfold increase in stock price over the next decade [13]

Core Insights - Inter&Co Inc. reported strong growth in Q3 2025, achieving significant metrics while focusing on sustainable profitability [2][4] - The company aims to reach 60 million clients, a 30% efficiency ratio, and a 30% return on equity (ROE) as part of its long-term strategy [3] Client Growth - Inter&Co added a record 1.2 million new active clients in the quarter, increasing the total active client base to 24 million [7] - The growth reflects the platform's compelling value proposition and client-centric approach [7] Financial Performance - The company achieved a net income of R$336 million (US$63.2 million), representing a 39% year-over-year growth [7] - The efficiency ratio improved to 45.2%, and the ROE reached 14.2%, indicating effective cost control alongside strategic investments [4][7] Credit Portfolio Expansion - Inter&Co's total credit portfolio grew by 30% year-over-year, significantly outpacing the Brazilian market's growth rate [4][7] - This growth is attributed to enhanced digital experiences and innovative products, such as the Private Payroll offering [4] Asset Quality - The company maintained stable non-performing loan (NPL) ratios despite challenging market conditions, showcasing its robust risk management approach [7]

Core Insights - KeyCorp, headquartered in Cleveland, is a long-standing financial institution in the U.S. with a market capitalization of $19.5 billion, offering a wide range of financial services through KeyBank [1] Performance Overview - KeyCorp's stock has underperformed compared to the broader market, with a marginal increase over the past 52 weeks, while the S&P 500 Index has risen by 17.4% [2] - Year-to-date, KeyCorp shares are up 2.2%, significantly lower than the S&P 500's 16% increase [2] - The stock has also lagged behind the Financial Select Sector SPDR Fund's 10.8% return over the past 52 weeks and 8.1% year-to-date gains [3] Financial Results - KeyCorp reported strong Q3 results, with net interest income increasing by 23.8% and net interest margin rising to 2.75% from 2.17% year-over-year [4] - Despite these operational improvements, investor sentiment remains cautious due to concerns over slower loan growth and elevated funding and deposit costs [4] Earnings Expectations - Analysts project KeyCorp's EPS to grow by 25.9% year-over-year to $1.46 for the current fiscal year ending in December 2025 [5] - The company has a promising earnings surprise history, having beaten consensus estimates in the last four quarters [5] - Among 24 analysts covering the stock, the consensus rating is a "Moderate Buy," with 10 "Strong Buy" ratings, 2 "Moderate Buys," and 12 "Holds" [5] Analyst Ratings - DA Davidson recently lowered its price target on KeyCorp from $22 to $21 while maintaining a "Buy" rating, citing strong Q3 results and higher full-year revenue guidance, but suggesting that these positives are already reflected in consensus estimates [6]

Partnership & Expansion - Bilt Rewards plans to offer rewards points for mortgage payments [1] - Bilt Rewards partners with United Wholesale Mortgage for mortgage rewards program [1] Core Business - Bilt Rewards is known for offering renters rewards points for on-time rent payments [1]

Core Viewpoint - Southside Bancshares, Inc. will release its third quarter financial results on October 24, 2025, and will host a conference call to discuss these results [1][2]. Group 1: Financial Results Announcement - Southside Bancshares, Inc. is set to announce its third quarter financial results before the market opens on October 24, 2025 [1]. - A conference call will be held on the same day at 11:00 a.m. CDT to discuss the financial results [1][2]. Group 2: Conference Call Details - The conference call will be hosted by key executives including the CEO, President, CFO, and VP of Investor Relations [2]. - Participants can access the call via webcast or by registering for a dial-in number [3][4]. - A recording of the conference call will be available on the company website for at least 30 days after the event [5]. Group 3: Company Overview - Southside Bancshares, Inc. is headquartered in Tyler, Texas, with approximately $8.34 billion in assets as of June 30, 2025 [6]. - The company operates 53 branches and a network of 70 ATMs/ITMs across East Texas and major metropolitan areas [6]. - Southside Bank offers a comprehensive range of financial products and services, including loans, mortgages, deposit accounts, and wealth management [6].

Group 1 - JPMorgan Chase & Co. is being discussed as a potential next trillion-dollar stock, currently valued at just over $850 billion, with a 29% increase for the year [1] - The significant market cap increase is noted to occur just before an important Federal Reserve meeting, where a quarter-point rate cut is anticipated despite rising inflation [1] - The article highlights the difficulty of crossing the trillion-dollar market cap barrier, indicating the importance of this milestone for JPMorgan [1] Group 2 - JPMorgan Chase & Co. provides a wide range of financial services, including consumer banking, lending, payments, credit cards, mortgages, investment banking, securities services, asset management, and wealth solutions [2]

Core Insights - The Federal Reserve is anticipated to cut its benchmark interest rate for the first time in nine months, amid slowing inflation progress and a cooling labor market [1][3]. Interest Rate Impact - The federal funds rate influences the borrowing and lending rates between banks, indirectly affecting consumer borrowing costs for credit cards, auto loans, and mortgages [2]. - The Fed's dual mandate aims to manage prices and encourage full employment, creating a challenging scenario with inflation above the 2% target and a weak job market [3]. Mortgage Market Effects - A rate cut will have a gradual impact on mortgage rates, with the market already pricing in the cut, making immediate noticeable differences unlikely for most consumers [4]. - Anticipation of the rate cut has led to falling mortgage rates since January, providing some relief for borrowers over time [5]. Borrower Relief - Lower interest rates can ease the financial burden on indebted households, allowing opportunities for refinancing or consolidating debts [6]. Savings Account Yields - Falling interest rates will gradually reduce the attractive yields on certificates of deposit (CDs) and high-yield savings accounts, which currently offer rates around 4% for CDs and 4.6% for high-yield savings accounts [7][8]. - Despite the decline, these rates remain better than recent years, providing a good option for consumers seeking returns on accessible funds [8].

Core Insights - SoFi's stock has surged nearly 270% over the past year, driven by strong revenue growth, rising profits, and an expanding ecosystem, with expectations for lower interest rates further amplifying gains [1][7] - The company has transitioned from a focus on student loans to a comprehensive suite of financial services, including mortgages, auto loans, personal loans, credit cards, insurance, estate planning, and stock trading tools [3][4] - SoFi's digital-only approach allows for faster growth compared to traditional banks, leveraging data for AI algorithms that enhance service delivery [4] Growth Metrics - From 2021 to 2024, SoFi's year-end members increased from 2.5 million to 10.1 million, while products in use rose from 1.9 million to 14.7 million, with adjusted annual revenue growing at a CAGR of 37% from $1.01 billion to $2.61 billion [5] - Projected member growth shows an increase from 8.8 million in Q2 2024 to 11.7 million by Q2 2025, with year-over-year growth rates stabilizing around 34% [6] - The number of products in use is expected to grow from 12.8 million in Q2 2024 to 17.1 million by Q2 2025, with similar year-over-year growth rates [6] Customer Demographics - The growth is significantly driven by younger Millennial and Gen Z users who prefer digital banking solutions over traditional banking methods [8] - SoFi's diverse service offerings, including a free financial planning app, attract a wide range of customers, with an expected overall member base growth of about 30% for the full year [8]

Group 1: Bank Stocks Performance - Bank stocks significantly outperformed the S&P 500 in August, with the SPDR S&P Regional Banking ETF generating an 11.4% return compared to the S&P 500's 3.7% gain [1][3] - The market began to price in a higher likelihood of an interest rate cut at the Federal Reserve's upcoming September meeting, which contributed to the positive performance of bank stocks [1] Group 2: Impact of Interest Rates - Lower interest rates could stimulate the economy, boost lending, and help maintain strong credit quality, particularly benefiting banks that thrive under a steeper yield curve [2] - The traditional bank model involves borrowing at lower, shorter-term rates and lending at higher, long-term yields, making a steeper yield curve advantageous for banks [2] Group 3: American Express (AmEx) - AmEx shares rose over 12% in August, driven by its strong credit card lending business and a payments business that differentiates it from other credit card lenders [5][6] - The company serves consumers with prime and super prime FICO scores, allowing it to charge high annual fees for premium cards [5] - AmEx continues to generate strong earnings, with a current stock trading at 21.5 times forward earnings, indicating a strong brand and revenue diversity [7] Group 4: SoFi Technologies - SoFi Technologies experienced a surge of over 20% in August and is now profitable, with a nearly 80% increase in stock value this year [9][10] - The company offers a wide range of financial services, including personal loans and investment brokerage, and has a bank technology business [9] - SoFi's revenue is primarily driven by its lending business, which could benefit from lower interest rates, but the stock trades at a high valuation of over 80 times forward earnings [11][12] Group 5: Risks and Valuation Concerns - SoFi's high valuation leaves it vulnerable if the economy enters a recession or if loan funding from capital markets decreases [12] - The company must mark its loan book to fair value each quarter, which can be influenced by various factors, including loan loss rates [13]