Southside Bancshares, Inc. Declares Cash Dividend
Southside Bancshares (NYSE:SBSI) has announced its Board of Directors has declared a regular quarterly cash dividend of $0.36 per common share, payable on March 6, 2025, to shareholders of record as of February 20, 2025.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Southside Bancshares (NYSE:SBSI) has announced its Board of Directors has declared a regular quarterly cash dividend of $0.36 per common share, payable on March 6, 2025, to shareholders of record as of February 20, 2025.
The company, headquartered in Tyler, Texas, operates as a bank holding company with approximately $8.52 billion in assets as of December 31, 2024. Through its wholly-owned subsidiary Southside Bank, the company maintains 53 branches and 72 ATMs/ITMs across East Texas, Southeast Texas, and the greater Dallas/Fort Worth, Austin, and Houston areas. Since 1960, Southside Bank has provided comprehensive financial services including consumer and commercial loans, mortgages, deposit accounts, treasury management, wealth management, trust services, and brokerage services.
Positive
- Consistent dividend payment maintained at $0.36 per share
- Strong asset base of $8.52 billion
- Extensive network of 53 branches and 72 ATMs/ITMs
- Diversified presence across major Texas metropolitan areas
Negative
- None.
Details
News Market Reaction – SBSI
The recorded move for SBSI in the trading session of this news was -1.86%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
TYLER, Texas, Feb. 06, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of Southside Bancshares, Inc., (NYSE:SBSI), parent company of Southside Bank, declared a regular quarterly cash dividend of
About Southside Bancshares, Inc.
Southside Bancshares, Inc. is a bank holding company headquartered in Tyler, Texas, with approximately
To learn more about Southside Bancshares, Inc., please visit our investor relations website at https://investors.southside.com. Our investor relations site provides a detailed overview of our activities, financial information and historical stock price data. To receive email notification of company news, events and stock activity, please register on the website under Resources and Investor Email Alerts. Questions or comments may be directed to Lindsey Bailes at (903) 630-7965, or lindsey.bailes@southside.com.
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