Southside Bancshares Files 8-K on Material Agreement

TL;DR

Southside Bancshares (SBSI) filed an 8-K for a new material agreement and financial obligation. Watch for details.

AI Summary

On August 14, 2025, Southside Bancshares, Inc. filed an 8-K report detailing a material definitive agreement and the creation of a direct financial obligation. The filing indicates a significant financial event for the Texas-based commercial bank, which is headquartered in Tyler, TX.

Why It Matters

This filing signals a new material definitive agreement and a direct financial obligation for Southside Bancshares, Inc., which could impact its financial standing and future operations.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement and a direct financial obligation, which inherently carries some level of financial risk and requires further investigation.

Key Numbers

• 001-42396 — SEC File Number (Identifies the specific SEC filing for Southside Bancshares, Inc.)
• 75-1848732 — IRS Employer Identification No. (Tax identification number for Southside Bancshares, Inc.)

Key Players & Entities

• Southside Bancshares, Inc. (company) — Registrant
• Texas (location) — State of Incorporation
• Tyler, TX (location) — Principal Executive Offices
• 75701 (location) — Zip Code
• August 14, 2025 (date) — Date of Report

FAQ

Key Financial Figures

• $1.25 — nge on which registered Common stock, $1.25 par value SBSI New York Stock Excha
• $150,000,000 — ced public offering (the "Offering") of $150,000,000 aggregate principal amount of its 7.00%
• $147,750,000 — eeds of the Offering were approximately $147,750,000, after deducting underwriting discounts

Filing Documents

• tm2523350d1_8k.htm (8-K) — 39KB
• tm2523350d1_ex4-1.htm (EX-4.1) — 456KB
• tm2523350d1_ex4-2.htm (EX-4.2) — 218KB
• tm2523350d1_ex5-1.htm (EX-5.1) — 16KB
• tm2523350d1_ex5-1img01.jpg (GRAPHIC) — 9KB
• 0001104659-25-078763.txt ( ) — 1042KB
• sbsi-20250814.xsd (EX-101.SCH) — 3KB
• sbsi-20250814_lab.xml (EX-101.LAB) — 33KB
• sbsi-20250814_pre.xml (EX-101.PRE) — 22KB
• tm2523350d1_8k_htm.xml (XML) — 3KB

01. Entry Into a Material Definitive Agreement

Item 1.01. Entry Into a Material Definitive Agreement. On August 14, 2025, Southside Bancshares, Inc. (the "Company") completed its previously-announced public offering (the "Offering") of $150,000,000 aggregate principal amount of its 7.00% Fixed-to-Floating Rate Subordinated Notes due 2035 (the "Notes"). The Notes were offered and sold pursuant to the Company's registration statement on Form S-3ASR (Registration No. 333-271518) filed with the U.S. Securities and Exchange Commission (the "Commission") on April 28, 2023, and the base prospectus, dated April 28, 2023, contained therein, as supplemented by the preliminary prospectus supplement, filed with the Commission on August 7, 2025, and a final prospectus supplement, filed with the Commission on August 8, 2025, relating to the Notes. The Notes are intended to qualify as Tier 2 capital for regulatory purposes. The net proceeds of the Offering were approximately $147,750,000, after deducting underwriting discounts and commissions but before deducting Offering expenses payable by the Company. The Company intends to use the net proceeds of the Offering for general corporate purposes, which may include, but are not limited to, the redemption of all or less than all of the Company's outstanding 3.875% Fixed-to-Floating Rate Subordinated Notes due 2030 (the "2030 Subordinated Notes") on November 15, 2025, repayment or refinancing of other outstanding indebtedness, repurchasing shares of the Company's common stock, acquisitions of other companies and such other purposes indicated in the applicable pricing supplement. The Notes were issued pursuant to the Indenture, dated as of August 14, 2025 (the "Base Indenture"), between the Company and Wilmington Trust, National Association (the "Trustee"), as supplemented by the First Supplemental Indenture (the "Supplemental Indenture"), dated as of August 14, 2025 (as so supplemented, the "Indenture"), between the Company and the Trustee. From and including the date of issuan

03. Creation of a Direct Financial Obligation or an Obligation

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth above under Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.

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 4.1 Indenture, dated August 14, 2025, between Southside Bancshares, Inc. and Wilmington Trust, National Association, as trustee. 4.2 First Supplemental Indenture, dated August 14, 2025, between Southside Bancshares, Inc. and Wilmington Trust, National Association, as trustee. 4.3 Form of 7.00% Fixed-to-Floating Rate Subordinated Notes due 2035 (included in Exhibit 4.2). 5.1 Opinion of Alston & Bird LLP, counsel to the Company, as to the validity of the Notes. 23.1 Consent of Alston & Bird LLP (included in Exhibit 5.1 hereof). 104 Cover Page Interactive Data File (embedded within Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Southside Bancshares, Inc. Date: August 14, 2025 By: /s/ JULIE N. SHAMBURGER Julie N. Shamburger, CPA Chief Financial Officer (Principal Financial Officer)

View Full Filing

View this 8-K filing on SEC EDGAR