Southside Bancshares, Inc. Declares 5% Stock Dividend

Thu Mar 28, 2013 4:31pm EDT

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TYLER, Texas, March 28, 2013 (GLOBE NEWSWIRE) -- The Board of Directors of Southside Bancshares,
Inc., (Nasdaq:SBSI), parent company of Southside Bank declared a 5% common stock dividend payable
to common stock shareholders of record April 18, 2013. The stock dividend is scheduled for payment
on May 9, 2013.

"The 5% common stock dividend combined with maintaining the quarterly cash dividend at $0.20 per
share of common stock provides our shareholders a 5% increase in their overall cash dividend,"
stated Sam Dawson, President and Chief Executive Officer. "We are pleased that the financial
performance of Southside Bancshares, Inc. allows us the opportunity to offer this tangible benefit
to our shareholders."

About Southside Bancshares, Inc.

Southside Bancshares, Inc. is a bank holding company with approximately $3.24 billion in assets
that owns 100% of Southside Bank.  Southside Bank currently has 48 banking centers in Texas and
operates a network of 49 ATMs.

To learn more about Southside Bancshares, Inc., please visit our investor relations website at
www.southside.com/investor
http://www.globenewswire.com/newsroom/ctr?d=10026786&l=5&a=www.southside.com%2Finvestor&u=http%3A%2F%2Fwww.southside.com%2Finvestor
. Our investor relations site provides a detailed overview of our activities, financial
information and historical stock price data.  To receive e-mail notification of company news,
events and stock activity, please register on the E-mail Notification portion of the website. 
Questions or comments may be directed to Susan Hill at (903) 531-7220, or

susan.hill@southside.com
http://www.globenewswire.com/newsroom/ctr?d=10026786&l=5&a=susan.hill%40southside.com&u=mailto%3Asusan.hill%40southside.com

.

The Southside Bancshares, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=9555
http://www.globenewswire.com/newsroom/ctr?d=10026786&l=6&u=http%3A%2F%2Fwww.globenewswire.com%2Fnewsroom%2Fprs%2F%3Fpkgid%3D9555

Forward-Looking Statements

Certain statements of other than historical fact that are contained in this document and in other
written material, press releases and oral statements issued by or on behalf of the Company, a bank
holding company, may be considered to be "forward-looking statements" within the meaning of and
subject to the 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," "likely," "intend," "probability," "risk," "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 about trends in
asset quality, capital, liquidity, growth and earnings and certain market risk disclosures,
including the impact of interest rate and other economic uncertainty, 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.  As a result, actual income gains and losses could materially differ from those that have
been estimated.

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, 2012 under "Forward-Looking Information" and
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.

CONTACT: For further information:
         Lee Gibson
         903 531-7221

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