Southside Bancshares to redeem $100M 3.875% subordinated notes

Southside Bancshares, Inc. reported that it is redeeming all of its outstanding 3.875% Fixed to Floating Rate Subordinated Notes due 2030.

Accepted by SEC EDGAR 01/06/2026 - 04:35 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Southside Bancshares, Inc. reported that it is redeeming all of its outstanding 3.875% Fixed to Floating Rate Subordinated Notes due 2030. The company has notified UMB Bank, National Association, as trustee, that it will redeem an aggregate principal amount of $100 million of these notes on February 15, 2026, the specified redemption date.

The $100 million principal being redeemed includes $7 million of notes that the company had previously repurchased. The notes will be redeemed at 100% of their principal amount, plus any accrued and unpaid interest up to, but not including, the redemption date. After that date, interest on the notes will no longer accrue.

Insights

Bank capital structure analyst

Southside Bancshares plans a full $100M redemption of 2030 subordinated notes.

Southside Bancshares, Inc. intends to redeem all of its 3.875% Fixed to Floating Rate Subordinated Notes due 2030 on February 15, 2026. The aggregate principal amount to be redeemed is $100 million, which includes $7 million of notes previously repurchased by the company. The redemption price is set at 100% of principal, plus accrued and unpaid interest up to, but excluding, the redemption date.

These notes were issued under a subordinated indenture dated November 6, 2020 with UMB Bank, National Association, acting as trustee. Because the notes are subordinated and fixed-to-floating rate, their removal simplifies this layer of the capital structure and eliminates future interest obligations tied to this instrument after the redemption date. Actual effects depend on how the company replaces or reallocates this funding.

Interest will cease to accrue on and after February 15, 2026, which marks the end of this specific debt obligation under the indenture. Subsequent company disclosures may provide further detail on any new financing or balance sheet adjustments that relate to this redemption.

8-K Event Classification

Item 8.01 — Other Events

1 item

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Southside Bancshares, Inc. (SBSI) announce in this 8-K?

Southside Bancshares, Inc. announced it will redeem all of its outstanding 3.875% Fixed to Floating Rate Subordinated Notes due 2030 on February 15, 2026.

How much of Southside Bancshares subordinated notes are being redeemed?

The company is redeeming subordinated notes with an aggregate principal amount of $100 million, which includes $7 million of notes previously repurchased by the company.

At what price will Southside Bancshares redeem its 2030 subordinated notes?

The notes will be redeemed at 100% of their principal amount, plus any accrued and unpaid interest up to, but excluding, the February 15, 2026 redemption date.

When will interest stop accruing on Southside Bancshares 3.875% subordinated notes?

Interest on the 3.875% Fixed to Floating Rate Subordinated Notes due 2030 will cease to accrue on and after February 15, 2026.

Who is the trustee for Southside Bancshares subordinated notes being redeemed?

The trustee is UMB Bank, National Association, under a subordinated indenture dated November 6, 2020.

What type of security is being redeemed by Southside Bancshares (SBSI)?

Southside Bancshares is redeeming subordinated debt securities, specifically its 3.875% Fixed to Floating Rate Subordinated Notes due 2030.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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0000705432falseChicago Stock Exchange, Inc.00007054322026-01-062026-01-060000705432exch:XNYS2026-01-062026-01-060000705432exch:XCHI2026-01-062026-01-06

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 FORM 8-K 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

January 6, 2026

Date of Report (Date of earliest event reported)

Southside Bancshares, Inc.

(Exact Name of Registrant as Specified in its Charter)

Texas			001-42396			75-1848732
(State or Other Jurisdiction of Incorporation)			(Commission File Number)			(IRS Employer Identification No.)

1201 S. Beckham Avenue,

Tyler,

TX

75701

(Address of Principal Executive Offices)

(Zip Code)

Registrant's telephone number, including area code: (903) 531-7111

NA

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities Registered Pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol

Name of each exchange on which registered

Common stock, $1.25 par value

SBSI

New York Stock Exchange

NYSE Texas

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
			Emerging growth company			☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.						☐

Item 8.01. Other Events.

On January 6, 2026, Southside Bancshares, Inc. (the “Company”) announced that it has delivered a notice to UMB Bank, National Association, as trustee (the “Trustee”), to redeem all of the Company’s outstanding 3.875% Fixed to Floating Rate Subordinated Notes due 2030 (the “Notes”) in the aggregate principal amount of $100 million with a redemption date of February 15, 2026 (the “Redemption Date”). The $100 million principal amount of the Notes currently outstanding includes $7 million of the Notes repurchased by the Company. The Notes will be redeemed in full at 100% of the principal amount plus any accrued and unpaid interest up to, but excluding, the Redemption Date. Interest on the Notes will cease to accrue on and after the Redemption Date.

The Notes were issued pursuant to the Subordinated Indenture, dated as of November 6, 2020, between the Company and the Trustee.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

						Southside Bancshares, Inc.
Date:  January 6, 2026			By:			/s/ JULIE N. SHAMBURGER
						Julie N. Shamburger, CPA
						Chief Financial Officer
						(Principal Financial Officer)