{"schema_version":"secwatch.filing_event.v1","accession":"0000705432-24-000065","form_type":"8-K","ticker":"SBSI","cik":"0000705432","company_name":"SOUTHSIDE BANCSHARES INC","filed_at":"2024-04-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.720654+00:00","generated_at":"2026-06-03T08:41:55.654418+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Southside Bancshares Q1 net income falls 17.4% to $21.5M; EPS $0.71 vs $0.83 YoY","bullets":["Net income $21.5M, down from $26.0M YoY; diluted EPS $0.71 vs $0.83.","Net interest margin declined 30 bps to 2.72% from 3.02% YoY; three swaps totaling $120M matured.","Nonperforming assets rose to 0.10% of assets from 0.04% YoY, driven by one CRE loan and one commercial relationship.","Efficiency ratio worsened to 57.95% from 53.57% YoY; cost savings plan targets ~$3.5M annual savings beginning Q3 2024.","Loans grew 10.2% YoY; deposits up 12.1% YoY; dividend maintained at $0.36/share."],"urls":{"canonical":"https://secwatch.observer/filing/0000705432-24-000065","json":"https://secwatch.observer/filing/0000705432-24-000065.json","markdown":"https://secwatch.observer/filing/0000705432-24-000065.md","text":"https://secwatch.observer/filing/0000705432-24-000065.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/705432/000070543224000065/0000705432-24-000065-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/705432/000070543224000065/sbsi-20240425.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T08:41:55.654418+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}