---
schema_version: "secwatch.filing_event.v1"
accession: "0000705432-24-000011"
form_type: "8-K"
ticker: "SBSI"
cik: "0000705432"
company_name: "SOUTHSIDE BANCSHARES INC"
filed_at: "2024-01-26T23:59:59+00:00"
generated_at: "2026-06-06T16:54:13.711724+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Southside Bancshares Q4 net income $17.3M, EPS $0.57; sells $388M securities, takes $10.4M loss

## Summary
- Net income $17.3M ($0.57 EPS) vs $27.7M ($0.87) in Q4 2022, down 37.4% YoY.
- Sold ~$388M of lower-yielding securities, recording a $10.4M net loss; proceeds reinvested.
- Net interest income $54.5M, down 4.1% YoY; net interest margin 2.83% vs 3.19%.
- Loans grew 2.3% linked Q to $4.52B; deposits +3.2% to $6.55B; NPAs at 0.05% of assets.
- Full year net income $86.7M ($2.82 EPS) vs $105.0M ($3.26); dividend $0.35 + $0.02 special.

## SEC filing metadata
- accession: 0000705432-24-000011
- form_type: 8-K
- ticker: SBSI
- cik: 0000705432
- company_name: SOUTHSIDE BANCSHARES INC
- filed_at: 2024-01-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/705432/000070543224000011/0000705432-24-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/705432/000070543224000011/sbsi-20240126.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000705432-24-000011
- JSON: https://secwatch.observer/filing/0000705432-24-000011.json
- Plain text: https://secwatch.observer/filing/0000705432-24-000011.txt

## Key facts
- Earnings Releases
  SOUTHSIDE BANCSHARES INC reported financial results for the fourth quarter and year ended December 31, 2023.
  - Period: the fourth quarter and year ended December 31, 2023
  - Result: reported results
  source text: On January 26, 2024, Southside Bancshares, Inc. issued a press release announcing its financial results for the fourth quarter and year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/705432/000070543224000011/0000705432-24-000011-index.htm

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