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Southside Bancshares, Inc. - SBSI STOCK NEWS

Welcome to our dedicated page for Southside Bancshares news (Ticker: SBSI), a resource for investors and traders seeking the latest updates and insights on Southside Bancshares stock.

Southside Bancshares Inc, the holding company for Southside Bank, is headquartered in Tyler, Texas. With approximately $4.9 billion in assets, Southside is the ninth-largest bank headquartered in Texas by deposits. The company operates 64 banking facilities across East, North, and Central Texas, along with a network of over 70 local ATMs and more than 55,000 affiliated foreign ATMs worldwide.

Established in 1960, Southside Bank is a community-focused financial institution that offers a comprehensive range of financial services to individuals, businesses, and nonprofit organizations. These services include consumer and commercial loans, mortgages, loans to municipalities, personal, small business and commercial deposit accounts, safe deposit boxes, business services, credit cards, ATMs, trust and wealth management, brokerage services, and various online and mobile services.

Southside Bancshares generates revenue through interest income, gains on the sale of assets, and fee income, which helps to maintain its stable financial condition. The bank is well-regarded for its customer-centric approach and commitment to the communities it serves.

Recent achievements include notable growth in both asset size and branch network, evidence of its commitment to expanding its reach and serving more communities. Southside Bancshares also places a strong emphasis on technological advancements, regularly updating its online and mobile banking platforms to provide a seamless banking experience for its users.

Partnerships with other financial institutions and businesses amplify Southside's ability to offer a diverse range of services. As a Member FDIC and Equal Housing Lender, Southside Bancshares ensures the highest standards of financial security and fairness in its lending practices.

Overall, Southside Bancshares Inc continues to play a significant role in the financial landscape of Texas, known for its robust service offerings and community-oriented banking approach.

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Southside Bancshares (NASDAQ: SBSI) will release its second quarter financial results on July 25, 2024, before the market opens. A conference call to discuss the results, hosted by CEO Lee R. Gibson, CFO Julie Shamburger, and CRO Suni Davis, will be held the same day at 11:00 a.m. CDT. The event includes a Q&A session for analysts. Access to the call is available via webcast or by registering for a dial-in number and unique access code. A recording of the call will be available on the company's website for 30 days. Southside Bancshares, headquartered in Tyler, Texas, operates 54 branches and 73 ATMs across various Texas regions, offering a full range of financial services.

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Southside Bancshares, Inc., announced a quarterly cash dividend of $0.36 per common share scheduled for payment on June 6, 2024. The company, headquartered in Tyler, Texas, with assets of $8.35 billion as of March 31, 2024, operates 54 branches across Texas and offers a range of financial products and services. Southside Bank has been serving customers since 1960.

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Southside Bancshares, Inc. reported first quarter financial results for the period ended March 31, 2024. Key highlights include net income of $21.5 million, linked quarter loan growth of 1.2%, earnings per diluted common share of $0.71, annualized return on assets of 1.03%, and nonperforming assets at 0.10% of total assets.
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Southside Bancshares, Inc. will release its first quarter financial results on April 25, 2024, and host a conference call with key executives. Participants can access the call via webcast or register for the question and answer session.
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Southside Bancshares, Inc. (NASDAQ:SBSI) has approved a 2.9% increase to the regular quarterly cash dividend, bringing it to $0.36 per common share. The dividend is scheduled for payment on February 29, 2024, to shareholders of record on February 15, 2024. Lee R. Gibson, President and CEO, expressed pride in the company's history of dividend increases and commitment to returning capital to shareholders.
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Southside Bancshares, Inc. reported a decrease in net income for the fourth quarter of 2023 compared to the same period in 2022, as well as a decrease in earnings per diluted common share. Net interest income increased, while noninterest income and net interest margin decreased. The company's balance sheet data showed an increase in loans and deposits, and a decrease in securities. Nonperforming assets decreased, and the company declared a cash dividend of $0.35 per share and a special cash dividend of $0.02 per share.
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Southside Bancshares, Inc. announced the release of its fourth quarter and year-end financial results on January 26, 2024. The conference call to discuss the results will be hosted by the company's President and CEO, CFO, and VP of Investor Relations. The call will be accessible via webcast and registration for the question and answer session is recommended for a more efficient process.
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Southside Bancshares, Inc. (NASDAQ:SBSI) has declared a regular quarterly cash dividend of $0.35 per common share and a special cash dividend of $0.02 per common share. The combined cash dividend of $0.37 will be paid on December 7, 2023, to common stock shareholders of record on November 22, 2023.
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Southside Bancshares reports third quarter financial results with net income of $18.4 million and a decrease in earnings per share compared to the same period last year.
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Southside Bancshares, Inc. will release its Q3 financial results on October 26, 2023. A conference call will be held to discuss the results. Webcast and dial-in options are available for participation.
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FAQ

What services does Southside Bancshares Inc offer?

Southside Bancshares offers consumer and commercial loans, mortgages, deposit accounts, credit cards, wealth management, and more.

Where is Southside Bancshares Inc headquartered?

Southside Bancshares Inc is headquartered in Tyler, Texas.

How many banking facilities does Southside Bank operate?

Southside Bank operates 64 banking facilities in East, North, and Central Texas.

What is the asset size of Southside Bancshares Inc?

Southside Bancshares Inc has approximately $4.9 billion in assets.

Is Southside Bancshares Inc a member of FDIC?

Yes, Southside Bancshares Inc is a member of the FDIC.

When was Southside Bank established?

Southside Bank was established in 1960.

What kind of revenue streams does Southside Bancshares Inc have?

Southside Bancshares Inc generates revenue from interest income, gains on the sale of assets, and fee income.

How many ATMs does Southside Bank have?

Southside Bank operates over 70 local ATMs and is affiliated with more than 55,000 foreign ATMs worldwide.

Does Southside Bancshares Inc offer online and mobile banking services?

Yes, Southside Bancshares Inc provides a variety of online and mobile banking services.

What distinguishes Southside Bancshares Inc from other banks?

Southside Bancshares Inc is known for its community-focused approach and a wide array of financial services tailored to individuals, businesses, and nonprofits.

Southside Bancshares, Inc.

Nasdaq:SBSI

SBSI Rankings

SBSI Stock Data

794.07M
30.29M
5.48%
57.6%
2.09%
Commercial Banking
Finance and Insurance
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United States of America
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