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. (NYSE: SBSI) is the bank holding company for Southside Bank, a community-focused financial institution headquartered in Tyler, Texas. The company’s news flow, as reflected in its press releases and related Form 8-K filings, centers on quarterly earnings, capital and liquidity actions, dividends, and governance developments.
Investors following SBSI news can expect detailed quarterly financial results, including discussions of net income, net interest income, net interest margin, noninterest income and expense, asset quality, and loan and deposit trends. The company regularly announces dates and access details for its quarterly earnings conference calls, which are hosted by senior management and made available via webcast and telephone registration.
Southside Bancshares also issues news about shareholder returns and capital structure. Multiple 2025 releases describe regular quarterly cash dividends on common stock, while other announcements and 8-K filings discuss stock repurchase plan authorizations and activity. Capital markets updates, such as the August 2025 issuance of 7.00% fixed-to-floating rate subordinated notes due 2035 and the January 2026 notice of redemption for earlier subordinated notes, are another recurring theme.
Corporate governance and leadership changes appear in SBSI news as well. In 2025, the company announced the planned retirement of its Chief Executive Officer, the appointment of its President as future CEO, and the addition of new directors and an incoming Chief Operating Officer. A November 2025 press release also highlights a dual listing of SBSI common stock on NYSE Texas, Inc. alongside its primary New York Stock Exchange listing. For investors and observers, the SBSI news page provides an organized view of these earnings, dividend, capital, and governance updates over time.
Southside Bancshares, Inc. (NASDAQ: SBSI) announced it will release its first quarter financial results on April 25, 2023, before the market opens. A conference call led by President and CEO Lee R. Gibson, CFO Julie Shamburger, and VP of Investor Relations Lindsey Bailes will follow at 11:00 a.m. CDT. Investors can access the call via webcast or by registering for a dial-in number. Southside, headquartered in Tyler, Texas, operates 55 branches and 74 ATMs/ITMs across East Texas and larger metropolitan areas. As of December 31, 2022, the company reported approximately $7.56 billion in assets. The call will include a Q&A session for analysts, providing an opportunity for insight into the company's performance.
Southside Bancshares, Inc. (NASDAQ:SBSI) announced a 2.9% increase in its quarterly cash dividend, raising it from $0.34 to $0.35 per common share. The dividend will be paid on March 2, 2023, to shareholders of record as of February 16, 2023. President and CEO Lee R. Gibson emphasized the company's commitment to creating value for shareholders and its confidence in financial strength. Southside Bancshares, as of December 31, 2022, reported approximately $7.56 billion in assets and operates 55 branches across Texas.
Southside Bancshares, Inc. (SBSI) reported a fourth quarter net income of $27.7 million, a decrease of 3.6% from $28.7 million in Q4 2021. Earnings per diluted share fell to $0.87, down 1.1% from $0.88.
Despite these declines, net interest income rose by 15.1% year-over-year, totaling $56.8 million. The net interest margin increased to 3.19% and 3.40% (FTE). The company experienced linked quarter loan growth of 2.1%, with nonperforming assets now at 0.14% of total assets. For 2022, net income was $105.0 million, a 7.4% decline from $113.4 million in 2021.
Southside Bancshares, Inc. (NASDAQ: SBSI) will release its fourth quarter and year-end financial results on January 27, 2023, before market open. A conference call, led by CEO Lee R. Gibson and CFO Julie Shamburger, will take place at 11:00 a.m. CST on the same day. Interested participants can access the call via webcast on the company's website. Additionally, a recording will be available for 30 days post-event. Southside Bancshares, headquartered in Tyler, Texas, manages approximately $7.45 billion in assets and operates 55 branches across East Texas and other regions, providing a range of financial products and services.
Southside Bancshares, Inc. (NASDAQ:SBSI) has increased its stock repurchase authorization by 1.0 million shares, bringing the total to 2.0 million. As of December 12, 2022, the company repurchased 765,214 shares at an average price of $37.01, leaving approximately 1.2 million shares remaining for repurchase. CEO Lee R. Gibson expressed confidence in the company's value amid market volatility. Share repurchases may occur through various methods and are not obligated. The company's total assets stand at approximately $7.45 billion as of September 30, 2022.
The Board of Directors of Southside Bancshares, Inc. (NASDAQ:SBSI) has declared a quarterly cash dividend of $0.34 per common share, along with a special cash dividend of $0.04, totaling $0.38. This combined dividend is scheduled for payment on December 8, 2022, to shareholders recorded on November 23, 2022. CEO Lee R. Gibson emphasized the company's strong financial performance and commitment to shareholder returns, marking a consistent history of annual dividend increases.
Southside Bancshares reported a net income of $27.0 million for Q3 2022, an 8.0% decrease from $29.3 million in Q3 2021. Earnings per share fell 6.7% to $0.84. Despite these declines, the bank experienced a 10.1% loan growth linked quarter and a 34.5% increase in net interest income, reaching $55.5 million. The net interest margin rose to 3.15%, and nonperforming assets remained low at 0.16%. The bank's total assets increased to $7.45 billion. Southside declared a cash dividend of $0.34 per share in Q3 2022.
Southside Bancshares, Inc. (NASDAQ: SBSI) will announce its third quarter financial results on October 25, 2022, before market opening. The company will host a conference call at 11:00 a.m. CDT on the same day, featuring President and CEO Lee R. Gibson, CFO Julie Shamburger, and CRO Suni Davis. Interested participants can register for the call through an online form for seamless access. A recording of the call will be available on the company’s investor relations website for 30 days after the event. Southside has approximately $7.61 billion in assets, operating 56 branches across Texas.
The Board of Directors of Southside Bancshares, Inc. (NASDAQ:SBSI) has declared a quarterly cash dividend of $0.34 per common share. This dividend is set for payment on September 1, 2022, to stockholders on record as of August 18, 2022. As of June 30, 2022, Southside Bancshares reported approximately $7.61 billion in total assets and operates 56 branches across Texas. The company is recognized for providing a comprehensive range of financial services, including loans, deposit accounts, and wealth management.
Southside Bancshares reported a net income of $25.4 million for Q2 2022, marking a 19.2% increase from $21.3 million in Q2 2021. Earnings per share rose 21.5% to $0.79. Loan growth was strong, with a 4.6% increase from the previous quarter. The annualized return on average assets improved to 1.42%, and the net interest margin reached 3.30%. However, noninterest income decreased by 16.8% year-over-year to $9.1 million, primarily due to net losses on available-for-sale securities.