secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHSIDE BANCSHARES INC (SBSI)
CIK:        0000705432
Form:       8-K
Filed at:   2025-07-25T23:59:59+00:00
Accession:  0000705432-25-000141
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Southside Bancshares Q2 net income $21.8M ($0.72 EPS) down 11% YoY; NIM expands to 2.82%
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- Net income $21.8M, down 11.6% from $24.7M; diluted EPS $0.72 vs $0.81 YoY.
- Tax-equivalent NIM increased 9 bps QoQ to 2.95%; net interest income $54.3M, up 1.2% YoY.
- Nonperforming assets rose to $32.9M (0.39% of assets) from $6.9M (0.08%) YoY, primarily due to $27.4M restructured loan.
- Deposits up $41.1M QoQ to $6.63B; loans up $34.7M QoQ; management expects 3-4% loan growth for full-year 2025.
- Repurchased 424,435 shares at avg $28.13 in Q2; Q2 dividend $0.36 per share paid June 5.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/705432/000070543225000141/0000705432-25-000141-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/705432/000070543225000141/sbsi-20250725.htm
  HTML page:      https://secwatch.observer/filing/0000705432-25-000141

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