secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHSIDE BANCSHARES INC (SBSI)
CIK:        0000705432
Form:       8-K
Filed at:   2021-10-26T23:59:59+00:00
Accession:  0000705432-21-000169
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Southside Bancshares Q3 net income $29.3M, EPS $0.90; NIM expands to 3.16%
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- Net income $29.3M ($0.90 diluted EPS) vs $27.1M ($0.82) in Q3 2020, +8.2% YoY.
- Net interest margin (TE) increased to 3.16% from 3.02% YoY; annualized ROAA of 1.61%.
- Annualized linked-quarter loan growth ex-PPP 7.9%; deposit growth 13.5%; NPA ratio 0.17%.
- Redeemed $100M 5.50% subordinated notes due 2026, incurring $1.1M loss in Q3.
- Completed share repurchase plan with 420,204 shares bought in Q3 at avg $36.74.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/705432/000070543221000169/0000705432-21-000169-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/705432/000070543221000169/sbsi-20211026.htm
  HTML page:      https://secwatch.observer/filing/0000705432-21-000169

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