Southside Bancshares, Inc. filings document formal disclosures for a Texas bank holding company and its wholly owned subsidiary, Southside Bank. Form 8-K reports include quarterly operating results, net interest margin commentary, credit-quality measures, securities portfolio actions, subordinated note redemption activity, and other material events.
Proxy materials describe board composition, director elections, executive compensation, pay-versus-performance tables, and shareholder voting matters. The filing record also captures governance changes, officer appointments, compensatory arrangements, and capital-structure matters tied to the company's common stock and subordinated debt.
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.
Southside Bancshares Inc. CFO Julie Shamburger reported a compensation-related stock transaction involving common shares. She received a grant of 1,907 shares at no cost, tied to previously awarded performance-based restricted stock units earned based on ROATCE goals and continued employment. To cover tax obligations, 464 shares were withheld at $29.94 per share, leaving her with 32,603 shares held directly afterward. She also holds additional common stock indirectly through retirement and benefit accounts, including shares in a 401k SSB Trust, an ESOP, an IRA, and a spouse IRA.
Southside Bancshares chief treasury officer Suni M. Davis received a stock award that vested based on performance goals. On March 17, 2026, Davis acquired 933 shares of common stock at no cost through the settlement of performance-based restricted stock units tied to return on average tangible common equity and continued employment. On the same date, 227 shares were disposed of at $29.94 per share to satisfy tax obligations, leaving a net increase in directly held shares. After these transactions, Davis directly owned 13,753 common shares, with additional indirect holdings through a 401(k) plan and an employee stock ownership plan.
Southside Bancshares, Inc. is soliciting proxies for its 2026 Annual Meeting of Shareholders to be held on May 14, 2026. Shareholders will vote on the election of six director nominees, a non-binding advisory vote on executive compensation, ratification of Ernst & Young LLP as auditor, and an amendment to authorize up to 8,000,000 shares of flexible preferred stock.
The record date for voting is March 16, 2026. The proxy materials describe board composition and succession (one director retiring), director compensation (a $101,000 annual retainer with at least 40% in RSUs and additional committee retainers), corporate governance practices, committee charters, and ownership tables showing major holders and insider holdings as of February 27, 2026.
Southside Bancshares Inc. Chief Operating Officer John Mitchell Craddock Jr. reported an automatic share acquisition related to existing equity awards. On March 5, 2026, he received 63 shares of common stock as dividend equivalent rights on restricted stock units, with no cash price per share.
Following this grant, his directly held common stock increased to 5,510 shares. He also indirectly holds 217 common shares through an ESOP account, reflecting annual contributions, forfeiture allocations, and dividend reinvestment. The filing shows award-related share accruals rather than an open-market purchase or sale.