---
schema_version: "secwatch.filing_event.v1"
accession: "0000705432-23-000005"
form_type: "8-K"
ticker: "SBSI"
cik: "0000705432"
company_name: "SOUTHSIDE BANCSHARES INC"
filed_at: "2023-01-27T23:59:59+00:00"
generated_at: "2026-06-20T07:31:41.629122+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Southside Bancshares Q4 net income $27.7M, EPS $0.87; net interest margin expands to 3.19%

## Summary
- Net income $27.7M, EPS $0.87 (down 1.1% YoY); full-year EPS $3.26 vs $3.47.
- Loans grew 2.1% linked quarter; net interest margin (FTE) increased to 3.40% from 3.36% linked quarter.
- Nonperforming assets at 0.14% of total assets; allowance for loan losses $36.5M (0.88% of loans).
- Board increased stock repurchase authorization by 1.0M shares; repurchased 608,976 shares at avg $35.03 in Q4.
- Quarterly cash dividend $0.34 plus special dividend $0.04 per share declared.

## SEC filing metadata
- accession: 0000705432-23-000005
- form_type: 8-K
- ticker: SBSI
- cik: 0000705432
- company_name: SOUTHSIDE BANCSHARES INC
- filed_at: 2023-01-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/705432/000070543223000005/0000705432-23-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/705432/000070543223000005/sbsi-20230127.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000705432-23-000005
- JSON: https://secwatch.observer/filing/0000705432-23-000005.json
- Plain text: https://secwatch.observer/filing/0000705432-23-000005.txt

## Key facts
- Earnings Releases
  SOUTHSIDE BANCSHARES INC reported the quarter and year ended December 31, 2022 results: net income $27.7 million, EPS $0.87.
  - Period: the quarter and year ended December 31, 2022
  - Net income: $27.7 million
  - EPS: $0.87
  - Result: reported results
  source text: Southside reported net income of $27.7 million for the three months ended December 31, 2022, a decrease of $1.0 million, or 3.6%, compared to $28.7 million for the same period in 2021. Earnings per diluted common share decreased $0.01, or 1.1%, to $0.87 for the three months ended December 31, 2022, from $0.88 for the same period in 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/705432/000070543223000005/0000705432-23-000005-index.htm

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