{"schema_version":"secwatch.filing_event.v1","accession":"0000705432-23-000180","form_type":"8-K","ticker":"SBSI","cik":"0000705432","company_name":"SOUTHSIDE BANCSHARES INC","filed_at":"2023-10-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.773973+00:00","generated_at":"2026-06-09T09:07:31.776888+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Southside Bancshares Q3 net income $18.4M, EPS $0.60, down 28.6% YoY; provision $7.0M; NIM 2.85%","bullets":["Net income fell 31.5% to $18.4M ($0.60 diluted EPS) from $27.0M ($0.84) in Q3 2022.","Provision for credit losses totaled $7.0M ($6.3M loans + $0.7M off-balance-sheet), up from $1.5M a year ago.","Net interest margin (tax-equivalent) shrank to 3.02% from 3.36% YoY; linked-quarter NIM down 15bp due to higher deposit costs.","Loans grew 2.1% linked quarter to $4.42B; deposits rose 3.8% to $6.35B; nonperforming assets remained low at 0.05% of total assets.","Repurchased 212,388 shares in Q3 at avg $29.39; post-quarter bought 141,480 shares at avg $28.56 through Oct 24."],"urls":{"canonical":"https://secwatch.observer/filing/0000705432-23-000180","json":"https://secwatch.observer/filing/0000705432-23-000180.json","markdown":"https://secwatch.observer/filing/0000705432-23-000180.md","text":"https://secwatch.observer/filing/0000705432-23-000180.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/705432/000070543223000180/0000705432-23-000180-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/705432/000070543223000180/sbsi-20231026.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T09:07:31.776888+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d68466ed3f23db07699eeaf0e99daf7489dc7d66","claim":"SOUTHSIDE BANCSHARES INC reported third quarter ended September 30, 2023 results: net income Net income was $18.4 million for the three months ended September 30, 2023.","evidence_excerpt":"Southside reported net income of $18.4 million for the three months ended September 30, 2023","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/705432/000070543223000180/0000705432-23-000180-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter ended September 30, 2023"},{"label":"Net income","value":"Net income was $18.4 million for the three months ended September 30, 2023"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"d68466ed3f23db07699eeaf0e99daf7489dc7d66","claim":"SOUTHSIDE BANCSHARES INC reported third quarter ended September 30, 2023 results: net income Net income was $18.4 million for the three months ended September 30, 2023.","evidence_excerpt":"Earnings per diluted common share decreased $0.24, or 28.6%, to $0.60 for the three months ended September 30, 2023","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/705432/000070543223000180/0000705432-23-000180-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter ended September 30, 2023"},{"label":"Net income","value":"Net income was $18.4 million for the three months ended September 30, 2023"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"d68466ed3f23db07699eeaf0e99daf7489dc7d66","claim":"SOUTHSIDE BANCSHARES INC reported third quarter ended September 30, 2023 results: net income Net income was $18.4 million for the three months ended September 30, 2023.","evidence_excerpt":"Net income was $18.4 million for the three months ended September 30, 2023","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/705432/000070543223000180/0000705432-23-000180-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter ended September 30, 2023"},{"label":"Net income","value":"Net income was $18.4 million for the three months ended September 30, 2023"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}