Southside Bancshares, Inc. Declares Cash Dividend
August 08 2024 - 4:15PM
The Board of Directors of Southside Bancshares, Inc.,
(NASDAQ:SBSI), parent company of Southside Bank declared a regular
quarterly cash dividend of $0.36 per common share. The cash
dividend of $0.36 is scheduled for payment on September 5, 2024, to
common stock shareholders of record on August 22, 2024.
About Southside Bancshares,
Inc.
Southside Bancshares, Inc. is a bank holding
company headquartered in Tyler, Texas, with approximately $8.36
billion in assets as of June 30, 2024, that wholly-owns Southside
Bank. Southside Bank currently operates 54 branches and a network
of 73 ATMs/ITMs throughout East Texas, Southeast Texas and the
greater Dallas/Fort Worth, Austin and Houston areas. Serving
customers since 1960, Southside Bank is a community-focused
financial institution that offers a full range of financial
products and services to individuals and businesses. These products
and services include consumer and commercial loans, mortgages,
deposit accounts, safe deposit boxes, treasury management, wealth
management, trust services, brokerage services and an array of
online and mobile services.
To learn more about Southside Bancshares, Inc.,
please visit our investor relations website at
https://investors.southside.com. Our investor relations site
provides a detailed overview of our activities, financial
information and historical stock price data. To receive email
notification of company news, events and stock activity, please
register on the website under Resources and Investor Email Alerts.
Questions or comments may be directed to Julie Shamburger at (903)
531-7134, or julie.shamburger@southside.com.
Forward-Looking Statements
Certain statements of other than historical fact
that are contained in this press release and in other written
materials, documents 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,”
“might,” “will,” “would,” “seek,” “intend,” “probability,” “risk,”
“goal,” “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, estimates, intentions and 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 of the effect
of our expansion, benefits of the Share Repurchase Plan, trends in
asset quality, capital, liquidity, the Company's ability to sell
nonperforming assets, expense reductions, planned operational
efficiencies and earnings from growth and certain market risk
disclosures, including the impact of interest rates and our
expectations regarding rate increases, tax reform, inflation, the
impacts related to or resulting from 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. Accordingly, our results could materially differ from those
that have been estimated. The most significant factor that could
cause future results to differ materially from those anticipated by
our forward-looking statements include the ongoing impact of higher
inflation levels, prolonged elevated interest rates and general
economic and recessionary concerns, all of which could impact
economic growth and could cause a reduction in financial
transactions and business activities, including decreased deposits
and reduced loan originations, our ability to manage liquidity in a
rapidly changing and unpredictable market, labor shortages and
changes in interest rates by the Federal Reserve.
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, 2023, 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: Julie Shamburger
903-531-7134
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