secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHSIDE BANCSHARES INC (SBSI)
CIK:        0000705432
Form:       8-K
Filed at:   2022-01-28T23:59:59+00:00
Accession:  0000705432-22-000006
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Southside Bancshares reports record annual net income of $113.4M, up 38% YoY
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- Q4 net income $28.7M ($0.88 diluted EPS), vs $29.6M ($0.89) a year ago.
- Annual net income $113.4M, record high; diluted EPS $3.47 vs $2.47 in 2020.
- Net interest margin (TE) improved to 3.23% for Q4, up 7 bps linked quarter.
- Nonperforming assets fell to 0.16% of total assets; loan loss allowance at 0.97% of loans.
- Quarterly dividend $0.33 + special $0.06 declared, paid Dec 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/705432/000070543222000006/0000705432-22-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/705432/000070543222000006/sbsi-20220128.htm
  HTML page:      https://secwatch.observer/filing/0000705432-22-000006

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