Southside Bancshares Inc SEC Filings

Southside Bancshares Inc. director Preston L. Smith reported a grant of 2,568 shares of Common Stock as compensation. The shares were acquired at a stated price of $0.00 per share, indicating a non-cash award rather than an open-market purchase. Following this grant, Smith directly holds 23,064 shares of Southside Bancshares Inc. common stock. This filing reflects a routine equity award for a company director, not a market trade.

Southside Bancshares director Shannon Dacus received a stock award, increasing her direct ownership. On this Form 4, she acquired 1,246 shares of common stock as a grant with a reported price of $0.00 per share, bringing her direct holdings to 9,735 shares after the transaction.

Southside Bancshares, Inc. reports first‑quarter 2026 results showing modest growth and a cleaner balance sheet. Total assets reached $8.80 billion, up from $8.51 billion, as loans grew to $4.95 billion and deposits held steady at $6.87 billion.

Net income rose to $23.3 million from $21.5 million, with diluted earnings per share increasing to $0.78 from $0.71. Net interest income improved to $57.7 million, while the provision for credit losses increased to $1.4 million, reflecting ongoing credit risk management.

Credit quality metrics strengthened. Nonperforming assets fell sharply to $9.7 million from $38.2 million, largely due to payoff of a previously restructured commercial real estate loan. The allowance for loan losses was $46.0 million against a largely performing loan book, and restructured loans declined significantly.

The securities portfolio remained sizable, with $1.65 billion available-for-sale and $1.22 billion held-to-maturity, but accumulated other comprehensive loss widened to $102.6 million, mainly from unrealized losses as interest rates and spreads moved. The company also completed the redemption of $100.0 million of 3.875% subordinated notes, reducing long-term debt while maintaining $150.0 million of 7.00% subordinated notes outstanding.

Southside Bancshares, Inc. reported higher first quarter 2026 earnings with net income of $23.3 million and diluted EPS of $0.78, up from $21.5 million and $0.71 a year earlier. Returns on average assets and shareholders’ equity improved to 1.10% and 10.96%, reflecting stronger profitability.

Net interest income rose to $57.7 million, helped by lower funding costs and loan growth, while tax-equivalent net interest margin increased to 3.01%. Noninterest income grew to $12.6 million, supported by higher fees and the absence of prior securities losses, though noninterest expenses also increased.

Total assets reached $8.80 billion with loans up 8.3% year over year to $4.95 billion. Asset quality strengthened significantly, as nonperforming assets fell to $9.7 million, or 0.11% of total assets, and net charge-offs remained low. The company paid a quarterly dividend of $0.36 per share and maintained solid capital and liquidity metrics.

The Vanguard Group filed Amendment No. 7 to a Schedule 13G/A reporting 0% beneficial ownership of Southside Bancshares Inc Common Stock. The amendment states that, following an internal realignment on January 12, 2026, certain Vanguard subsidiaries will report holdings separately in reliance on SEC Release No. 34-39538. The filing lists Amount beneficially owned: 0 and is signed by Ashley Grim, Head of Global Fund Administration, on 03/27/2026.

Southside Bancshares, Inc. has released its 2026 proxy statement for the May 14, 2026 annual shareholder meeting in Tyler, Texas. Shareholders are being asked to elect six directors with staggered terms, cast a non-binding advisory vote on executive compensation, approve an amendment to the Restated Certificate of Formation to authorize issuance of up to 8,000,000 shares of flexible preferred stock, and ratify Ernst & Young LLP as independent auditor for 2026.

The proxy details a 14-member classified board (moving to 13 after a planned retirement), with 85% of directors deemed independent and all key committees chaired by independent directors. It describes board and bank committee structures, risk oversight, cybersecurity governance, and extensive community, ESG and human capital initiatives, including 2025 donations of over $1.1 million and approximately $697 million in Community Development loans.

The filing also outlines director compensation (a $101,000 annual retainer plus role-based retainers, partly paid in RSUs), stock ownership requirements for non-employee directors, and executive leadership biographies. It includes beneficial ownership information showing 29,743,585 common shares outstanding as of March 16, 2026, and more than 5% holdings by BlackRock, Inc. and The Vanguard Group.

Southside Bancshares director Lee R. Gibson received a stock award and related tax withholding in company shares. On March 17, 2026, he acquired 4,082 shares of Common Stock as a grant or award, reflecting settlement of performance-based restricted stock units earned under ROATCE goals and continued employment conditions. To cover tax obligations, 993 shares were withheld at $29.94 per share, leaving him with 57,473 directly held shares afterward. He also holds 8,665 shares indirectly through a 401k SSB Trust and 31,904 shares indirectly through an ESOP, showing a substantial ongoing equity position tied to the company’s performance.

Southside Bancshares, Inc. CCO Arnold T. L. Jr reported routine equity compensation activity in company common stock. On March 17, 2026, he acquired 1,328 shares at no cost as a grant/award tied to performance-based restricted stock units that were earned based on ROATCE goals and his continued employment. On the same date, 322 shares were disposed of at $29.94 per share to cover tax withholding obligations, a non-market transaction. Following these entries, he directly owns 22,517 common shares and has an additional 1,928 shares held indirectly through an ESOP, indicating a largely unchanged and modestly increased long-term stake.