Southside Bancshares agrees to sell $150 million of 7.00% subordinated notes due 2035
Southside Bancshares entered into an underwriting agreement on August 7, 2025, under which it agreed to issue and sell $150 million of 7.00% fixed-to-floating rate subordinated notes due 2035 to underwriters led by Keefe, Bruyette & Woods. The offering is expected to close on or about August 14, 2025, subject to customary closing conditions, and would add $150 million of subordinated debt to the company's obligations.
Key points
- Notes: $150 million aggregate principal amount of 7.00% fixed-to-floating rate subordinated notes due 2035
- Underwriting agreement dated August 7, 2025, among the company, Southside Bank and Keefe, Bruyette & Woods, Inc.
- Expected closing on or about August 14, 2025, subject to customary closing conditions
- Offering made under an effective Form S-3 registration statement filed April 28, 2023
The filing
Written by AI on Nov 8, 2026, 6:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 08, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.