secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHSIDE BANCSHARES INC (SBSI)
CIK:        0000705432
Form:       8-K
Filed at:   2023-07-25T23:59:59+00:00
Accession:  0000705432-23-000144
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/705432/000070543223000144/0000705432-23-000144-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/705432/000070543223000144/sbsi-20230725.htm
  HTML page:      https://secwatch.observer/filing/0000705432-23-000144

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