Southside Bancshares Announces Redemption of Subordinated Notes

The latest announcement is out from Southside Bancshares ( (SBSI) ).

On January 6, 2026, Southside Bancshares, Inc. announced it will redeem all of its outstanding 3.875% Fixed to Floating Rate Subordinated Notes due 2030, with an aggregate principal amount of $100 million, on February 15, 2026. The redemption, which includes $7 million of notes previously repurchased by the company, will be executed at 100% of principal plus accrued and unpaid interest up to but excluding the redemption date, after which interest will cease to accrue, effectively removing this subordinated debt from the company’s capital structure and potentially altering its funding mix and leverage profile.

The most recent analyst rating on (SBSI) stock is a Buy with a $34.00 price target. To see the full list of analyst forecasts on Southside Bancshares stock, see the SBSI Stock Forecast page.

Spark’s Take on SBSI Stock

According to Spark, TipRanks’ AI Analyst, SBSI is a Outperform.

Southside Bancshares’ overall stock score is driven by strong technical indicators and a stable financial position with robust cash flow generation. However, challenges in profitability and recent earnings call lowlights, such as a significant net income decrease and loss on securities sales, weigh on the score. The company’s strategic corporate events, including board expansion and stock repurchase, provide a positive outlook for future shareholder value.

To see Spark’s full report on SBSI stock, click here.

More about Southside Bancshares

Southside Bancshares, Inc. operates as a bank holding company in the financial services industry, primarily providing banking and related financial products funded in part through the issuance of subordinated notes and other debt instruments.

Average Trading Volume: 142,212

Technical Sentiment Signal: Strong Buy

Current Market Cap: $926M

Learn more about SBSI stock on TipRanks’ Stock Analysis page.