secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHSIDE BANCSHARES INC (SBSI)
CIK:        0000705432
Form:       8-K
Filed at:   2025-01-29T23:59:59+00:00
Accession:  0000705432-25-000003
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Southside Bancshares Q4 net income $21.8M ($0.71 EPS), up 25.8% YoY; FY EPS $2.91
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- Q4 net income $21.8M, EPS $0.71 vs $0.57 YoY; FY net income $88.5M, EPS $2.91 vs $2.82.
- Net interest margin (tax-equiv) 2.83%, down 16bp YoY; efficiency ratio 56.08% vs 53.30% YoY.
- Nonperforming assets 0.04% of total assets; classified loans $48M vs $19.2M at Dec 2023.
- Loans grew 3.0% YoY to $4.66B; deposits up 1.6% to $6.65B; Q4 dividend $0.36/share.
- No share repurchases in Q4; total contingent liquidity $2.23B net of borrowings.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/705432/000070543225000003/0000705432-25-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/705432/000070543225000003/sbsi-20250129.htm
  HTML page:      https://secwatch.observer/filing/0000705432-25-000003

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