secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHSIDE BANCSHARES INC (SBSI)
CIK:        0000705432
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0000705432-24-000168
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Southside Bancshares Q2 net income $24.7M ($0.81 EPS); NIM improves linked quarter to 2.74%
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- Net income $24.7M, EPS $0.81 flat YoY; revenue (net interest + noninterest) $65.2M.
- Net interest margin (tax-equivalent) 2.87% (GAAP 2.74%), up 1bp linked quarter.
- Nonperforming assets $6.9M (0.08% of assets), up from $3.1M (0.04%) a year ago.
- Loans grew 6.0% YoY to $4.59B; deposits grew 6.2% YoY to $6.50B.
- Repurchased 57,966 shares at avg $26.22; declared $0.36 dividend.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/705432/000070543224000168/0000705432-24-000168-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/705432/000070543224000168/sbsi-20240725.htm
  HTML page:      https://secwatch.observer/filing/0000705432-24-000168

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