---
schema_version: "secwatch.filing_event.v1"
accession: "0000705432-22-000256"
form_type: "8-K"
ticker: "SBSI"
cik: "0000705432"
company_name: "SOUTHSIDE BANCSHARES INC"
filed_at: "2022-12-13T23:59:59+00:00"
generated_at: "2026-06-21T05:48:48.299569+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Southside Bancshares increases stock repurchase authorization to 2.0M shares

## Summary
- 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.

## SEC filing metadata
- accession: 0000705432-22-000256
- form_type: 8-K
- ticker: SBSI
- cik: 0000705432
- company_name: SOUTHSIDE BANCSHARES INC
- filed_at: 2022-12-13T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/705432/000070543222000256/0000705432-22-000256-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/705432/000070543222000256/sbsi-20221213.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000705432-22-000256
- JSON: https://secwatch.observer/filing/0000705432-22-000256.json
- Plain text: https://secwatch.observer/filing/0000705432-22-000256.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.