---
schema_version: "secwatch.filing_event.v1"
accession: "0000705432-23-000144"
form_type: "8-K"
ticker: "SBSI"
cik: "0000705432"
company_name: "SOUTHSIDE BANCSHARES INC"
filed_at: "2023-07-25T23:59:59+00:00"
generated_at: "2026-06-13T03:34:04.594407+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Southside Bancshares Q2 2023 EPS $0.81, net income $24.9M, loan growth 4.2% linked quarter

## Summary
- Net income $24.9M ($0.81 diluted EPS), down 2% YoY from $25.4M ($0.79).
- Loans grew $176.4M (4.2%) linked quarter to $4.33B.
- Deposits increased $279.5M (4.8%) QoQ to $6.12B; brokered deposits $770M.
- Nonperforming assets $3.1M, 0.04% of total assets, down 74% YoY.
- Board authorized stock repurchase of up to 1.0M shares; none purchased as of July 25.

## SEC filing metadata
- accession: 0000705432-23-000144
- form_type: 8-K
- ticker: SBSI
- cik: 0000705432
- company_name: SOUTHSIDE BANCSHARES INC
- filed_at: 2023-07-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/705432/000070543223000144/0000705432-23-000144-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/705432/000070543223000144/sbsi-20230725.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000705432-23-000144
- JSON: https://secwatch.observer/filing/0000705432-23-000144.json
- Plain text: https://secwatch.observer/filing/0000705432-23-000144.txt

## Key facts
- Earnings Releases
  SOUTHSIDE BANCSHARES INC reported the second quarter ended June 30, 2023 results: net income $24.9 million, EPS $0.81.
  - Period: the second quarter ended June 30, 2023
  - Net income: $24.9 million
  - EPS: $0.81
  - Result: reported results
  source text: Southside reported net income of $24.9 million for the three months ended June 30, 2023, a decrease of $0.5 million, or 2.0%, compared to $25.4 million for the same period in 2022. Earnings per diluted common share increased $0.02, or 2.5%, to $0.81 for the three months ended June 30, 2023, from $0.79 for the same period in 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/705432/000070543223000144/0000705432-23-000144-index.htm
- Earnings Releases
  SOUTHSIDE BANCSHARES INC reported the six months ended June 30, 2023 results: net income $50.9 million, EPS $1.64.
  - Period: the six months ended June 30, 2023
  - Net income: $50.9 million
  - EPS: $1.64
  - Result: reported results
  source text: Net income was $50.9 million for the six months ended June 30, 2023, compared to $50.4 million for the same period in 2022, an increase of $0.5 million, or 1.0%. Earnings per diluted common share were $1.64 for the six months ended June 30, 2023, compared to $1.56 for the same period in 2022, an increase of 5.1%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/705432/000070543223000144/0000705432-23-000144-index.htm

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