Welcome to our dedicated page for Southside Bancshares news (Ticker: SBSI), a resource for investors and traders seeking the latest updates and insights on Southside Bancshares stock.
Southside Bancshares Inc. (NASDAQ: SBSI) maintains this dedicated news hub for investors and stakeholders tracking this Texas-based community banking leader. Access all official press releases, regulatory filings, and market-moving developments in one centralized location.
Key updates include quarterly earnings reports, leadership announcements, strategic initiatives, and product launches. Our curated collection simplifies tracking the company's financial health, operational milestones, and regulatory compliance within the competitive banking sector.
Regularly refreshed content covers loan portfolio updates, community development projects, digital banking enhancements, and dividend declarations. Bookmark this page to monitor how SBSI's 60+ branch network continues serving Texas communities while navigating evolving financial markets.
Southside Bancshares (NYSE: SBSI) has announced it will release its first quarter financial results before market opens on Tuesday, April 29, 2025. The company will host a conference call at 11:00 a.m. CST on the same day, featuring CEO Lee R. Gibson, President Keith Donahoe, CFO Julie Shamburger, and VP of Investor Relations Lindsey Bailes.
The conference call will be accessible via webcast in listen-only mode through the company's investor relations website. Analysts interested in the Q&A session can register online to receive dial-in details. A recording will be available for at least 30 days following the call.
Southside Bancshares, headquartered in Tyler, Texas, manages approximately $8.52 billion in assets as of December 31, 2024. Its subsidiary, Southside Bank, operates 53 branches and 72 ATMs/ITMs across East Texas, Southeast Texas, and the Dallas/Fort Worth, Austin, and Houston areas.
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.
Southside Bancshares (SBSI) reported strong financial results for Q4 2024, with net income of $21.8 million, a 25.8% increase from $17.3 million in Q4 2023. Earnings per diluted share rose to $0.71, up from $0.57 year-over-year.
For the full year 2024, net income increased by $1.8 million to $88.5 million, with earnings per share rising to $2.91. The company achieved 3.0% loan growth for the year, with a notable $83.5 million increase in the fourth quarter.
Key performance metrics include an annualized return on average assets of 1.03% and return on average tangible common equity of 14.12%. Asset quality remained strong with nonperforming assets decreasing to 0.04% of total assets. Total assets reached $8.52 billion, with deposits at $6.65 billion, showing a 1.6% increase from the previous year.
Southside Bancshares (NYSE: SBSI) has announced it will release its fourth quarter and year end financial results before market opens on Wednesday, January 29, 2025. The company will host a conference call at 11:00 a.m. CST on the same day, featuring CEO Lee R. Gibson, CFO Julie Shamburger, and VP of Investor Relations Lindsey Bailes.
The conference call will be accessible via webcast in listen-only mode on the company's investor relations website. Analysts interested in participating in the Q&A session can register online to receive dial-in details. Southside Bancshares, headquartered in Tyler, Texas, operates as a bank holding company with approximately $8.36 billion in assets as of September 30, 2024. Through Southside Bank, it maintains 53 branches and 72 ATMs/ITMs across East Texas, Southeast Texas, and the Dallas/Fort Worth, Austin, and Houston areas.
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.
Southside Bancshares (NASDAQ: SBSI) announced the transfer of its common stock listing from Nasdaq Global Select Market to the New York Stock Exchange (NYSE). Trading on NYSE will begin November 15, 2024, maintaining the 'SBSI' ticker symbol. The company, which went public on Nasdaq in 1998, has grown from a single branch to over 55 locations across Texas, reaching nearly $8.5 billion in assets by end of 2023. The last trading day on Nasdaq will be November 14, 2024.
Southside Bancshares reported strong Q3 2024 financial results with net income of $20.5 million, an 11.2% increase from Q3 2023. Earnings per diluted share rose to $0.68, up 13.3% year-over-year. The company achieved a net interest margin of 2.95% and return on average tangible equity of 13.69%. Net interest income increased by $2.2 million to $55.5 million. Asset quality remained strong with nonperforming assets at just 0.09% of total assets. Total assets reached $8.36 billion, with loans at $4.58 billion and deposits at $6.44 billion. The company declared a quarterly cash dividend of $0.36 per share.
Southside Bancshares, Inc. (NASDAQ: SBSI) has announced its upcoming third quarter financial results release and conference call. The company will release its results before the market opens on Thursday, October 24, 2024. A conference call to discuss the results will be held on the same day at 11:00 a.m. CDT, hosted by CEO Lee R. Gibson, CFO Julie Shamburger, and VP of Investor Relations Lindsey Bailes.
Interested parties can access the call via webcast or by registering for the dial-in option. A recording of the webcast will be available for at least 30 days following the call. Southside Bancshares, headquartered in Tyler, Texas, is a bank holding company with approximately $8.36 billion in assets as of June 30, 2024. Its subsidiary, Southside Bank, operates 54 branches and 73 ATMs/ITMs across East Texas, Southeast Texas, and the greater Dallas/Fort Worth, Austin, and Houston areas.
Southside Bank, a subsidiary of Southside Bancshares, Inc. (Nasdaq: SBSI), has opened a new Loan Production Office (LPO) in The Woodlands, Texas, on September 3, 2024. The LPO, located at 9595 Six Pines Drive, will focus on the Commercial & Industrial (C&I) sector and business owners in greater North Houston and surrounding areas. This expansion demonstrates Southside's commitment to strengthening its presence in key Texas markets.
Amos McDonald has been appointed as Southside Bank Market President for North Houston, leading the new LPO in delivering tailored lending solutions and innovative services. Two Relationship Managers are expected to join the North Houston team soon. Curtis Burchard, Chief Lending Officer, expressed enthusiasm about the expansion, highlighting the potential for positive community impact and business growth through customized lending solutions.
Southside Bancshares, Inc. (NASDAQ:SBSI), the parent company of Southside Bank, has declared a regular quarterly cash dividend of $0.36 per common share. The dividend is set to be paid on September 5, 2024, to shareholders of record as of August 22, 2024. Southside Bancshares, headquartered in Tyler, Texas, is a bank holding company with approximately $8.36 billion in assets as of June 30, 2024. The company operates 54 branches and 73 ATMs/ITMs across East Texas, Southeast Texas, and the greater Dallas/Fort Worth, Austin, and Houston areas. Southside Bank, established in 1960, offers a comprehensive range of financial products and services to individuals and businesses.
