{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-078763","form_type":"8-K","ticker":"SBSI","cik":"0000705432","company_name":"SOUTHSIDE BANCSHARES INC","filed_at":"2025-08-14T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.182719+00:00","generated_at":"2026-05-17T13:44:43.008962+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Southside Bancshares issues $150M of 7% subordinated notes due 2035; net proceeds ~$147.75M","bullets":["Completed $150M offering of 7.00% Fixed-to-Floating Rate Subordinated Notes due 2035.","Net proceeds ~$147.75M; may redeem $150M of 3.875% Notes due 2030 or use for general purposes.","Notes qualify as Tier 2 regulatory capital; fixed 7% for 5 years then SOFR+357 bps floating.","Issued under Indenture with Wilmington Trust; subordinated to senior debt, structurally subordinated to subsidiary liabilities."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-078763","json":"https://secwatch.observer/filing/0001104659-25-078763.json","markdown":"https://secwatch.observer/filing/0001104659-25-078763.md","text":"https://secwatch.observer/filing/0001104659-25-078763.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/705432/000110465925078763/0001104659-25-078763-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/705432/000110465925078763/tm2523350d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T13:44:43.008962+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"fcd19a116a57c6dcb02fd7b6d96a61647ac40084","claim":"SOUTHSIDE BANCSHARES INC incurred senior notes of $150,000,000 aggregate principal amount with Wilmington Trust, National Association at 7.00% per annum, payable semi-annually in arrears on February 15 and August 15 o maturing August 15, 2035.","evidence_excerpt":"On August 14, 2025, Southside Bancshares, Inc. (the “Company”) completed its previously-announced public offering (the “Offering”) of $150,000,000 aggregate principal amount of its 7.00% Fixed-to-Floating Rate Subordinated Notes due 2035 (the “Notes”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/705432/000110465925078763/0001104659-25-078763-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$150,000,000 aggregate principal amount"},{"label":"Counterparty","value":"Wilmington Trust, National Association"},{"label":"Rate","value":"7.00% per annum, payable semi-annually in arrears on February 15 and August 15 o"},{"label":"Maturity","value":"August 15, 2035"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}