Southside Bancshares, Inc. Increases and Declares Cash Dividend
May 09 2019 - 4:30PM
The Board of Directors of Southside Bancshares, Inc.,
(NASDAQ:SBSI), parent company of Southside Bank approved a 3.3%
increase to the regular quarterly cash dividend of $0.01, to $0.31
per common share and declared a regular quarterly cash dividend of
$0.31. The cash dividend is scheduled for payment on June 6,
2019, to common stock shareholders of record on May 23, 2019.
About Southside Bancshares,
Inc.
Southside Bancshares, Inc. is a bank holding
company with approximately $6.22 billion in assets that owns 100%
of Southside Bank. Southside Bank currently has 59 branches
in Texas and operates a network of 81 ATMs/ITMs.
To learn more about Southside Bancshares, Inc.,
please visit our investor relations website at
www.southside.com/about/investor-relations. Our
investor relations site provides a detailed overview of our
activities, financial information and historical stock price
data. To receive e-mail notification of company news, events
and stock activity, please register on the E-mail Notification
portion of the website. Questions or comments may be directed
to Lindsey Bibby at (903) 630-7965, or
lindsey.bibby@southside.com.
Forward-Looking Statements
Certain statements of other than historical fact
that are contained in this document and in other written material,
press releases and oral statements issued by or on behalf of the
Company may be considered to be “forward-looking statements” within
the meaning of and subject to the safe harbor protections of the
Private Securities Litigation Reform Act of 1995. These
forward-looking statements are not guarantees of future
performance, nor should they be relied upon as representing
management’s views as of any subsequent date. These
statements may include words such as “expect,” “estimate,”
“project,” “anticipate,” “appear,” “believe,” “could,” “should,”
“may,” “likely,” “intend,” “probability,” “risk,” “target,”
“objective,” “plans,” “potential,” and similar
expressions. Forward-looking statements are statements
with respect to the Company’s beliefs, plans, expectations,
objectives, goals, anticipations, assumptions and estimates about
the Company's future performance and are subject to significant
known and unknown risks and uncertainties, which could cause the
Company's actual results to differ materially from the results
discussed in the forward-looking statements. For
example, discussions about trends in asset quality, capital,
liquidity, the pace of loan and revenue growth, the Company's
ability to sell nonperforming assets, expense reductions, planned
operational efficiencies, earnings, successful integration of
completed acquisitions and certain market risk disclosures,
including the impact of interest rates, tax reform and other
economic factors, are based upon information presently available to
management and are dependent on choices about key model
characteristics and assumptions and are subject to various
limitations. By their nature, certain of the market risk
disclosures are only estimates and could be materially different
from what actually occurs in the future.
Additional information concerning the Company
and its business, including additional factors that could
materially affect the Company’s financial results, is included in
the Company’s Annual Report on Form 10-K for the year ended
December 31, 2018, under “Part I - Item 1. Forward Looking
Information” and "Part I - Item 1A. Risk Factors" and in the
Company’s other filings with the Securities and Exchange
Commission. The Company disclaims any obligation to
update any factors or to announce publicly the result of revisions
to any of the forward-looking statements included herein to reflect
future events or developments.
For further information:Lindsey Bibby(903)
630-7965
Southside Bancshares (NASDAQ:SBSI)
Historical Stock Chart
From Mar 2024 to Apr 2024
Southside Bancshares (NASDAQ:SBSI)
Historical Stock Chart
From Apr 2023 to Apr 2024