Southside Bancshares, Inc. Declares Cash Dividend

Rhea-AI Summary

Southside Bancshares (NASDAQ:SBSI) has announced a regular quarterly cash dividend of $0.36 per common share, payable on December 6, 2024, to shareholders of record as of November 21, 2024. The company, headquartered in Tyler, Texas, operates as a bank holding company with $8.36 billion in assets as of September 30, 2024. Southside Bank operates 53 branches and 72 ATMs/ITMs across East Texas, Southeast Texas, and the greater Dallas/Fort Worth, Austin, and Houston areas, providing comprehensive financial services including consumer and commercial loans, mortgages, deposit accounts, and wealth management services.

Positive

• Maintains consistent quarterly dividend payment of $0.36 per share
• Strong asset base of $8.36 billion
• Extensive network of 53 branches and 72 ATMs/ITMs across major Texas markets

Negative

• None.

News Market Reaction

+1.41%

1 alert

+1.41% News Effect

On the day this news was published, SBSI gained 1.41%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

TYLER, Texas, Nov. 07, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Southside Bancshares, Inc., (NASDAQ: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 December 6, 2024, to common stock shareholders of record on November 21, 2024.

About Southside Bancshares, Inc.

Southside Bancshares, Inc. is a bank holding company headquartered in Tyler, Texas, with approximately $8.36 billion in assets as of September 30, 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 Southside Bancshares' (SBSI) dividend amount for Q4 2024?

Southside Bancshares (SBSI) declared a quarterly cash dividend of $0.36 per common share for Q4 2024.

When is SBSI's Q4 2024 dividend payment date?

The dividend payment is scheduled for December 6, 2024, to shareholders of record as of November 21, 2024.

What is Southside Bancshares' (SBSI) total asset value as of September 30, 2024?

Southside Bancshares reported total assets of $8.36 billion as of September 30, 2024.

How many branches does Southside Bancshares (SBSI) operate?

Southside Bancshares operates 53 branches and a network of 72 ATMs/ITMs throughout Texas.