---
schema_version: "secwatch.filing_event.v1"
accession: "0000705432-23-000075"
form_type: "8-K"
ticker: "SBSI"
cik: "0000705432"
company_name: "SOUTHSIDE BANCSHARES INC"
filed_at: "2023-04-25T23:59:59+00:00"
generated_at: "2026-06-16T17:21:25.395159+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Southside Bancshares Q1 net income $26M, EPS $0.83, NPA ratio drops to 0.04%

## Summary
- Net income rose 4.2% YoY to $26.0M; diluted EPS $0.83 vs $0.77.
- Net interest income $53.4M (+9.1% YoY); net interest margin 3.02%.
- Deposits $5.84B, down 5.8% linked quarter; uninsured deposits 26.5% of total.
- Nonperforming assets fell 72% to $3.2M, or 0.04% of total assets.
- Repurchased 457k shares at avg $34.89 in Q1; 177k additional shares through Apr 20.

## SEC filing metadata
- accession: 0000705432-23-000075
- form_type: 8-K
- ticker: SBSI
- cik: 0000705432
- company_name: SOUTHSIDE BANCSHARES INC
- filed_at: 2023-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/705432/000070543223000075/0000705432-23-000075-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/705432/000070543223000075/sbsi-20230425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000705432-23-000075
- JSON: https://secwatch.observer/filing/0000705432-23-000075.json
- Plain text: https://secwatch.observer/filing/0000705432-23-000075.txt

## Key facts
- Earnings Releases
  SOUTHSIDE BANCSHARES INC reported First quarter ended March 31, 2023 results: net income $26.0 million, EPS $0.83.
  - Period: First quarter ended March 31, 2023
  - Net income: $26.0 million
  - EPS: $0.83
  - Result: reported results
  source text: First quarter net income of $26.0 million; • First quarter earnings per diluted common share of $0.83;
  evidence_url: https://www.sec.gov/Archives/edgar/data/705432/000070543223000075/0000705432-23-000075-index.htm

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