secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHSIDE BANCSHARES INC (SBSI)
CIK:        0000705432
Form:       8-K
Filed at:   2022-07-25T23:59:59+00:00
Accession:  0000705432-22-000124
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Southside Q2 net income $25.4M ($0.79/diluted), up 21.5% YoY; loans up 4.6% QoQ
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- Net income $25.4M, diluted EPS $0.79 vs $0.65 YoY; annualized ROAA 1.42%, ROATCE 18.62%.
- Net interest margin (FTE) increased to 3.30% from 3.06% YoY and 3.22% prior quarter.
- Linked quarter loans ex-PPP grew $173M or 4.6%; total loans $3.96B at quarter end.
- Nonperforming assets $11.8M or 0.16% of total assets; allowance for loan losses 0.89%.
- Repurchased 223,901 shares in Q2 at avg $39.49; post-Q2 bought 8,613 shares at $35.93.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/705432/000070543222000124/0000705432-22-000124-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/705432/000070543222000124/sbsi-20220725.htm
  HTML page:      https://secwatch.observer/filing/0000705432-22-000124

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