Southside Bancshares increases stock repurchase authorization to 2.0M shares

SOUTHSIDE BANCSHARES INC

Board approved an additional 1.0M shares, bringing total authorization to 2.0M shares.
Through Dec 12, 2022, 765,214 shares repurchased at avg $37.01; 1.2M authorized shares remained before increase.
Entered a Rule 10b5-1 trading plan to allow repurchases during blackout periods.
CEO Lee R. Gibson cited current market volatility as an opportunity to buy shares at attractive prices.

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