secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHSIDE BANCSHARES INC (SBSI)
CIK:        0000705432
Form:       8-K
Filed at:   2021-07-23T23:59:59+00:00
Accession:  0000705432-21-000132
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Southside Bancshares Q2 net income $21.3M, EPS $0.65; plans $100M sub debt redemption
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- Q2 net income $21.3M ($0.65 diluted EPS), flat versus $21.6M ($0.65) in Q2 2020.
- Net interest income $45.6M, down 3.4% YoY; net interest margin 2.86% (up 2 bps YoY).
- Nonperforming assets 0.21% of total assets, down from 0.24% a year ago.
- Anticipates redemption of $100M 5.5% sub debt on Sept 30, 2021, pending regulatory approval.
- Deposits $5.16B (+1.7% YoY); loans $3.64B (-5.5% YoY, partly due to PPP forgiveness).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/705432/000070543221000132/0000705432-21-000132-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/705432/000070543221000132/sbsi-20210723.htm
  HTML page:      https://secwatch.observer/filing/0000705432-21-000132

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer