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TYLER, Texas - Southside Bancshares, Inc. (NYSE:SBSI), the parent company of Southside Bank, announced Thursday its board of directors has declared a regular quarterly cash dividend of $0.36 per common share.
The dividend will be paid on September 4, 2025, to shareholders of record as of August 21, 2025, according to a company press release.
Southside Bancshares operates as a bank holding company headquartered in Tyler, Texas, with approximately $8.34 billion in assets as of June 30, 2025. Trading at a P/E ratio of 10.01 with a market capitalization of $849 million, InvestingPro analysis suggests the stock is currently undervalued. The company wholly owns Southside Bank, which has been serving customers since 1960.
The financial institution currently maintains 53 branches and a network of 71 ATMs/ITMs throughout East Texas, Southeast Texas, and the greater Dallas/Fort Worth, Austin, and Houston areas.
Southside Bank provides various financial products and services to individuals and businesses, including consumer and commercial loans, mortgages, deposit accounts, safe deposit boxes, treasury management, wealth management, trust services, and brokerage services.
In other recent news, Southside Bancshares reported its second-quarter 2025 earnings, surpassing Wall Street expectations. The company achieved an earnings per share (EPS) of $0.72, exceeding the forecast of $0.68, marking a 5.88% surprise. Revenue also outperformed projections, reaching $68.84 million compared to the anticipated $68.08 million. These results highlight the company’s strong financial performance for the quarter. Additionally, Southside Bancshares announced that Chief Operating Officer Brian K. McCabe will retire on November 14, 2025. McCabe has been with the company since 1983 and has served as COO since 2017. Mitchell Craddock is expected to succeed McCabe in this role. These developments reflect key changes in the company’s leadership and financial trajectory.
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