---
schema_version: "secwatch.filing_event.v1"
accession: "0000705432-24-000221"
form_type: "8-K"
ticker: "SBSI"
cik: "0000705432"
company_name: "SOUTHSIDE BANCSHARES INC"
filed_at: "2024-10-24T23:59:59+00:00"
generated_at: "2026-05-30T10:44:20.245050+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Southside Bancshares Q3 net income $20.5M, EPS $0.68, up 13% YoY

## Summary
- Net income $20.5M ($0.68 diluted EPS) vs $18.4M ($0.60) a year ago, up 11.2% and 13.3% respectively.
- Net interest income $55.5M (+4.1% YoY); net interest margin 2.82% (tax-equiv. 2.95%), up 8 bps linked quarter.
- Sold $28M of low-yielding municipal securities, recording $1.9M loss; reinvested in higher-yielding agency MBS.
- Nonperforming assets remain low at 0.09% of total assets; allowance for loan losses 0.97% of loans.
- Loan portfolio $4.58B (+3.6% YoY); deposits $6.44B (+1.4% YoY); total assets $8.36B.

## SEC filing metadata
- accession: 0000705432-24-000221
- form_type: 8-K
- ticker: SBSI
- cik: 0000705432
- company_name: SOUTHSIDE BANCSHARES INC
- filed_at: 2024-10-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/705432/000070543224000221/0000705432-24-000221-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/705432/000070543224000221/sbsi-20241024.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000705432-24-000221
- JSON: https://secwatch.observer/filing/0000705432-24-000221.json
- Plain text: https://secwatch.observer/filing/0000705432-24-000221.txt

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