SBSI - Southside Bancshares Inc. Increases and Declares Cash Dividend | Benzinga
TYLER, Texas, Feb. 01, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Southside Bancshares, Inc., (NASDAQ:SBSI), parent company of Southside Bank, approved a 2.9% increase to the regular quarterly cash dividend of $0.01, to $0.36 per common share and declared a regular quarterly cash dividend of $0.36 per common share. The cash dividend of $0.36 is scheduled for payment on February 29, 2024, to common stock shareholders of record on February 15, 2024.
"We are proud to continue our long history of increases to the quarterly dividend," stated Lee R. Gibson, President and Chief Executive Officer of Southside Bancshares, Inc. "We remain committed to returning capital to our shareholders and I am pleased to announce another dividend increase."
About Southside Bancshares, Inc.
Southside Bancshares, Inc. is a bank holding company headquartered in Tyler, Texas, with approximately $8.28 billion in assets as of December 31, 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.
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