Southside Bancshares, Inc. Declares Cash Dividend

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.

News Market Reaction

-1.86%

1 alert

-1.86% News Effect

On the day this news was published, SBSI declined 1.86%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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 $0.36 per common share. The cash dividend of $0.36 is scheduled for payment on March 6, 2025, to common stock shareholders of record on February 20, 2025.

About Southside Bancshares, Inc.

Southside Bancshares, Inc. is a bank holding company headquartered in Tyler, Texas, with approximately $8.52 billion in assets as of December 31, 2024, that wholly-owns Southside Bank. Southside Bank currently operates 53 branches and a network of 72 ATMs/ITMs throughout East Texas, Southeast Texas and the greater Dallas/Fort Worth, Austin and Houston areas. Serving customers since 1960, Southside Bank is a community-focused financial institution that offers a full range of financial products and services to individuals and businesses. These products and services include consumer and commercial loans, mortgages, deposit accounts, safe deposit boxes, treasury management, wealth management, trust services, brokerage services and an array of online and mobile services.

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.

FAQ

What is the dividend amount and payment date for SBSI's latest quarterly dividend?

Southside Bancshares (SBSI) declared a quarterly cash dividend of $0.36 per common share, payable on March 6, 2025, to shareholders of record as of February 20, 2025.

What was Southside Bancshares' (SBSI) total asset value as of December 31, 2024?

Southside Bancshares reported total assets of approximately $8.52 billion as of December 31, 2024.

How many branches and ATMs does SBSI operate as of February 2025?

Southside Bancshares operates 53 branches and a network of 72 ATMs/ITMs throughout East Texas, Southeast Texas, and the greater Dallas/Fort Worth, Austin, and Houston areas.

What regions does Southside Bancshares (SBSI) serve in Texas?

SBSI serves East Texas, Southeast Texas, and the greater Dallas/Fort Worth, Austin, and Houston areas through its subsidiary Southside Bank.