Southside Bancshares, Inc. Declares Cash Dividend
03 Agosto 2023 - 5:30PM
The Board of Directors of Southside Bancshares, Inc.,
(NASDAQ:SBSI), parent company of Southside Bank declared a regular
quarterly cash dividend of $0.35 per common share. The cash
dividend of $0.35 is scheduled for payment on September 1, 2023, to
common stock shareholders of record on August 17, 2023.
About Southside Bancshares,
Inc.
Southside Bancshares, Inc. is a bank holding
company headquartered in Tyler, Texas, with approximately $7.81
billion in assets as of June 30, 2023, that wholly-owns Southside
Bank. Southside Bank currently operates 55 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 Lindsey Bailes at (903)
630-7965, or lindsey.bailes@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, 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, higher
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,
supply chain disruptions, labor shortages and additional interest
rate increases 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, 2022, under “Part I - Item 1. Forward Looking
Information” and “Part I - Item 1A. Risk Factors,” “the Company's
Quarterly Report on Form 10-Q for the quarter ended March 31, 2023,
under Part II - 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
Bailes903-630-7965
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