Southside Bancshares Files 8-K on Financial Results & Condition
Ticker: SBSI · Form: 8-K · Filed: Jan 26, 2024 · CIK: 705432
| Field | Detail |
|---|---|
| Company | Southside Bancshares Inc (SBSI) |
| Form Type | 8-K |
| Filed Date | Jan 26, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $1.25 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: financial-condition, results-of-operations, 8-K, bank
TL;DR
**SBSI just filed an 8-K for financial results, expect earnings news soon.**
AI Summary
Southside Bancshares, Inc. (SBSI) filed an 8-K on January 26, 2024, to report its financial results and condition, specifically for the period ending January 26, 2024. This filing indicates that the company is providing an update on its operations, which is a routine disclosure for publicly traded companies. For investors, this matters because it signals that the company is adhering to its reporting obligations and will likely soon release or has just released its latest earnings, which are crucial for evaluating the stock's performance and future prospects.
Why It Matters
This filing signals that Southside Bancshares is updating the market on its financial performance, which is essential for investors to assess the company's health and make informed decisions.
Risk Assessment
Risk Level: low — This 8-K is a routine filing for reporting financial results and does not inherently indicate new risks, but rather a disclosure of existing financial conditions.
Analyst Insight
A smart investor would monitor Southside Bancshares, Inc.'s upcoming earnings release for specific financial metrics, as this 8-K merely signals the reporting of results, not the results themselves.
Key Numbers
- $1.25 — par value per share (par value of Southside Bancshares, Inc. common stock)
- 000-12247 — Commission File Number (SEC file number for Southside Bancshares, Inc.)
- 75-1848732 — IRS Employer Identification No. (IRS number for Southside Bancshares, Inc.)
Key Players & Entities
- Southside Bancshares, Inc. (company) — the registrant filing the 8-K
- SBSI (company) — the trading symbol for Southside Bancshares, Inc.
- January 26, 2024 (date) — the date of the report and earliest event reported
- Texas (company) — state of incorporation for Southside Bancshares, Inc.
- NASDAQ Global Select Market (company) — exchange where SBSI common stock is registered
- $1.25 (dollar_amount) — par value of common stock
Forward-Looking Statements
- Southside Bancshares, Inc. will release its full Q4 2023 or annual 2023 earnings report shortly after this filing. (Southside Bancshares, Inc.) — high confidence, target: 2024-02-15
- The financial results will provide detailed insights into the company's loan growth and net interest margin. (Southside Bancshares, Inc.) — medium confidence, target: 2024-02-15
FAQ
What is the primary purpose of this 8-K filing by Southside Bancshares, Inc.?
The primary purpose of this 8-K filing by Southside Bancshares, Inc. is to report on 'Results of Operations and Financial Condition' and 'Financial Statements and Exhibits' as of January 26, 2024.
What is the trading symbol and where is Southside Bancshares, Inc.'s common stock registered?
Southside Bancshares, Inc.'s common stock trades under the symbol SBSI and is registered on the NASDAQ Global Select Market.
What is the par value of Southside Bancshares, Inc.'s common stock?
The par value of Southside Bancshares, Inc.'s common stock is $1.25 per share.
What is the earliest event reported date for this 8-K filing?
The earliest event reported date for this 8-K filing is January 26, 2024.
Is Southside Bancshares, Inc. considered an emerging growth company according to this filing?
No, the filing indicates with a '☐' that Southside Bancshares, Inc. is not an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Filing Stats: 555 words · 2 min read · ~2 pages · Grade level 11.3 · Accepted 2024-01-25 17:53:50
Key Financial Figures
- $1.25 — ange on which registered Common stock, $1.25 par value SBSI NASDAQ Global Select Mar
Filing Documents
- sbsi-20240126.htm (8-K) — 31KB
- ex991er123123.htm (EX-99.1) — 973KB
- 0000705432-24-000011.txt ( ) — 1182KB
- sbsi-20240126.xsd (EX-101.SCH) — 2KB
- sbsi-20240126_lab.xml (EX-101.LAB) — 24KB
- sbsi-20240126_pre.xml (EX-101.PRE) — 12KB
- sbsi-20240126_htm.xml (XML) — 3KB
02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION
ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION. On January 26, 2024, Southside Bancshares, Inc. issued a press release announcing its financial results for the fourth quarter and year ended December 31, 2023. A copy of the press release is attached as Exhibit 99.1 hereto and is hereby incorporated herein by reference. The information in this Current Report on Form 8-K, including the attached exhibit, is being furnished as provided in General Instruction B.2 to Form 8-K, to the Securities and Exchange Commission and shall not be deemed to be "filed" for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. Furthermore the information contained in this Current Report on Form 8-K shall not be deemed to be incorporated by reference in any filing with the Securities and Exchange Commission, except as shall be expressly provided by specific reference in such filing.
01. FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS (D) Exhibits. The following materials are furnished as exhibits to this Current Report on Form 8-K: Exhibit Number Description of Exhibit 99.1 Press release dated January 26, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 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 26, 2024 By: /s/ JULIE N. SHAMBURGER Julie N. Shamburger, CPA Chief Financial Officer (Principal Financial and Accounting Officer)