Southside Bancshares, Inc. (SBSI) has added a second trading venue by listing its common stock on NYSE Texas, a fully electronic exchange headquartered in Dallas. The move keeps the company’s primary listing on the New York Stock Exchange and will use the same ticker, "SBSI", on the new platform. Trading on NYSE Texas is set to begin on November 25, 2025, giving investors an additional route to buy and sell shares.
The dual listing is part of Southside’s broader strategy to deepen its presence in Texas, where it operates 53 branches and a network of ATMs across East Texas, Southeast Texas, Dallas/Fort Worth, and Austin. By listing on NYSE Texas, the bank aims to tap a growing pool of regional investors and increase visibility among Texas‑based institutional and retail participants. The exchange, formerly the Chicago Stock Exchange, relocated to Dallas in 2025 to capitalize on the state’s pro‑business climate and large concentration of NYSE‑listed companies.
Southside’s assets total approximately $8.38 billion as of September 30, 2025, and the bank has been pursuing a strategy of loan growth, wealth‑management expansion, and balance‑sheet optimization. The dual listing is expected to enhance liquidity for the stock, potentially lowering the bid‑ask spread and making it easier for Texas investors to trade the shares. CEO Lee R. Gibson said the move "supports Texas’s economic development while delivering value to shareholders," underscoring the company’s community‑centric focus.
The announcement does not alter Southside’s capital structure or financial performance. Instead, it broadens the investor base and provides a new venue that aligns with the bank’s long‑term growth plans. The dual listing complements ongoing initiatives such as a strategic securities restructuring in Q3 2025, which saw the bank sell lower‑yielding securities to reallocate capital to higher‑yielding instruments and loan growth. This restructuring helped offset a decline in net income for the quarter, which was driven by losses from securities sales and higher non‑interest expenses.
By adding NYSE Texas, Southside positions itself to benefit from the state’s expanding economy and the growing number of companies listed on the exchange. The move also signals confidence in the bank’s ability to maintain strong performance while expanding its market reach. The dual listing is a strategic step that aligns with the company’s goal of enhancing shareholder value through improved access to capital markets and a deeper connection to the Texas community.
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