secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHSIDE BANCSHARES INC (SBSI)
CIK:        0000705432
Form:       8-K
Filed at:   2023-01-27T23:59:59+00:00
Accession:  0000705432-23-000005
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/705432/000070543223000005/0000705432-23-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/705432/000070543223000005/sbsi-20230127.htm
  HTML page:      https://secwatch.observer/filing/0000705432-23-000005

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