secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHSIDE BANCSHARES INC (SBSI)
CIK:        0000705432
Form:       8-K
Filed at:   2025-10-24T23:59:59+00:00
Accession:  0000705432-25-000203
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Southside Bancshares Q3 net income down 76% to $4.9M on $24.4M securities loss
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- Net income $4.9M ($0.16 diluted EPS) vs $20.5M ($0.68) in Q3 2024; net interest income $55.7M.
- Sold $325M of low-yield AFS securities at $24.4M loss; issued $150M subordinated debt at 7.00%.
- Loans grew $163.4M QoQ; deposits +$329.6M; NIM (tax-equiv) flat at 2.94%.
- Nonperforming assets rose to $35.6M (0.42% of assets) vs $7.7M a year ago, largely a $27.5M restructured CRE loan.
- Board authorized additional 1M share buyback; Q3 repurchased 26,692 shares at avg $30.24.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/705432/000070543225000203/0000705432-25-000203-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/705432/000070543225000203/sbsi-20251024.htm
  HTML page:      https://secwatch.observer/filing/0000705432-25-000203

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