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) is set to expand its operations with a new commercial loan office at 1800 Post Oak Blvd., Houston, opening April 12, 2021. This location aims to strengthen the bank's presence in Houston, where it has operated a retail branch since 2019. Key lending officers Adam Gonzalez, Liela Raglin, and Alice Yang bring extensive experience to the team. Southside Bancshares oversees approximately $7.01 billion in assets and operates 54 branches across East Texas and key urban areas, offering a comprehensive suite of financial services.
The Board of Directors of Southside Bancshares, Inc. (NASDAQ:SBSI) declared a quarterly cash dividend of $0.32 per common share, payable on March 4, 2021, to shareholders on record by February 18, 2021. As of December 31, 2020, the company reported $7.01 billion in assets and operates 57 branches across Texas. Southside Bank has been serving customers since 1960, providing a variety of financial products and services.
Southside Bancshares (SBSI) reported a record net income of $29.6 million for Q4 2020, marking a 70.6% increase compared to Q4 2019. For the fiscal year, net income rose to $82.2 million, a 10.2% increase. Earnings per share jumped 74.5% to $0.89. The bank's nonperforming assets remained low at 0.25% of total assets, and the net interest margin was reported at 3.20%. Despite facing challenges from the pandemic, Southside's asset quality metrics and profitability demonstrated resilience, supported by an increase in net interest income.
Southside Bancshares, Inc. (NASDAQ: SBSI) will release its fourth quarter and year-end financial results on January 27, 2021, before market open. A conference call will be held on the same day at 9:00 a.m. CST, featuring key executives including President and CEO Lee R. Gibson and CFO Julie Shamburger. Analysts can participate by dialing 844-775-2540 or via webcast. The call recording will be available from 12:00 p.m. CST on January 27 until February 8, 2021. Southside Bancshares has approximately $7.19 billion in assets and operates 57 branches across Texas.
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Southside Bancshares, Inc. (NASDAQ:SBSI) has announced the resumption of its stock repurchase program, with 1.1 million shares remaining authorized for buyback. President Lee R. Gibson highlighted the financial performance and favorable market conditions as motivating factors. The initial pause in repurchases began in April due to pandemic-related uncertainties. The plan, originally increased to 2 million shares, has seen around 900,000 shares repurchased at an average of $29.82 each. Repurchases may occur through various methods, but the company is not obligated to complete them.
Southside Bancshares, Inc. (NASDAQ:SBSI) announced a 3.2% increase in its regular quarterly cash dividend to $0.32 per share, along with a special cash dividend of $0.05, totaling a combined cash dividend of $0.37. This payment is scheduled for December 10, 2020, to shareholders of record as of November 25, 2020. CEO Lee R. Gibson emphasized the company's strong financial performance amid pandemic challenges, marking the 93rd consecutive quarterly dividend and the 17th consecutive year of special dividends.
Southside Bancshares, Inc. (NASDAQ:SBSI) announced the successful completion of a private placement of $100 million in subordinated notes due 2030 on November 6, 2020. The notes have a fixed interest rate of 3.875% for the first five years, transitioning to a floating rate thereafter. This issuance will qualify as Tier 2 capital for regulatory purposes and aims to enhance capital without diluting existing shareholders. The offering was well-received and the proceeds will be used for general corporate purposes.
Southside Bancshares reported strong third quarter financial results for 2020, with net income rising 36.8% to $27.1 million and diluted earnings per share increasing 41.4% to $0.82 compared to 2019. The annualized return on average tangible equity reached 17.73%. Nonperforming assets remained low at 0.23% of total assets, while total COVID-19 modified loans were reduced by 76.5% to $76.5 million. However, net interest income saw a slight decrease linked quarter, and total loans dropped by $62.6 million primarily due to large payoffs in commercial real estate.
Southside Bancshares, Inc. (NASDAQ: SBSI) will release its third quarter financial results before market opening on October 23, 2020. A conference call is scheduled for 9:00 a.m. CDT the same day, hosted by CEO Lee R. Gibson and CFO Julie Shamburger. This call aims to discuss the results and includes a Q&A session. As of June 30, 2020, Southside Bancshares reported approximately $7.33 billion in assets, operating 57 branches and 80 ATMs across Texas. Recordings of the call will be available until November 4, 2020, on their investor relations website.
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