secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHSIDE BANCSHARES INC (SBSI)
CIK:        0000705432
Form:       8-K
Filed at:   2023-04-25T23:59:59+00:00
Accession:  0000705432-23-000075
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/705432/000070543223000075/0000705432-23-000075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/705432/000070543223000075/sbsi-20230425.htm
  HTML page:      https://secwatch.observer/filing/0000705432-23-000075

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