secwatch.observer — SEC 8-K summary
======================================

Issuer:     SOUTHSIDE BANCSHARES INC (SBSI)
CIK:        0000705432
Form:       8-K
Filed at:   2022-12-13T23:59:59+00:00
Accession:  0000705432-22-000256
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Southside Bancshares increases stock repurchase authorization to 2.0M shares
----------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/705432/000070543222000256/0000705432-22-000256-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/705432/000070543222000256/sbsi-20221213.htm
  HTML page:      https://secwatch.observer/filing/0000705432-22-000256

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