Southside Bancshares, Inc. (SBSI) 10-Year Financial Performance & Capital Metrics

SBSI • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingSoutheast Community Banks

AboutSouthside Bancshares, Inc. operates as the bank holding company for Southside Bank that provides a range of financial services to individuals, businesses, municipal entities, and nonprofit organizations. Its deposit products include savings, money market, and interest and noninterest bearing checking accounts, as well as certificates of deposit. The company's loan portfolio comprises consumer loans that include 1-4 family residential loans, home equity loans, home improvement loans, automobile loans, and other consumer related loans; commercial loans, such as short-term working capital loans for inventory and accounts receivable, short and medium-term loans for equipment or other business capital expansion, commercial real estate loans, and municipal loans; and construction loans for 1-4 family residential and commercial real estate. It also offers wealth management and trust services consisting of investment management, administration, revocable and testamentary trusts, and custodian services for individuals, partnerships, and corporations; safe deposit services; and brokerage services. As of December 31, 2021, the company operated through 56 banking facilities and 73 ATMs/ITMs. Southside Bancshares, Inc. was founded in 1960 and is headquartered in Tyler, Texas.Show more

Net Interest Income $216M +0.5%
Total Revenue $456M +15.3%
Net Income $88M +2.1%
Return on Equity 11.16% -2.2%
Net Interest Margin 2.54% -2.2%
Efficiency Ratio 32.26% -9.2%
ROA 1.05% -3.7%
Equity / Assets 9.53% +2.1%
Book Value per Share 26.74 +6.3%
Tangible BV/Share 20.06 +8.4%
Debt/Equity 1.20 +4.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 32.3% efficiency ratio
✓11 consecutive years of dividend growth
✓Healthy dividend yield of 4.4%
✓Trading near 52-week high
✓Trading at only 1.2x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y11.99%

5Y10.07%

3Y19.79%

TTM-

Profit (Net Income) CAGR

10Y15.56%

5Y3.49%

3Y-7.93%

TTM-16.67%

EPS CAGR

10Y11.65%

5Y5.83%

3Y-5.59%

TTM-16.61%

ROCE

10Y Avg5.67%

5Y Avg6.54%

3Y Avg6.96%

Latest6.1%

Peer Comparison

Southeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FFINFirst Financial Bankshares, Inc.	4.68B	32.65	20.93	18.79%	30.24%	14.14%	6.26%	0.12
FHNFirst Horizon Corporation	11.85B	24.44	17.97	4.71%	15.7%	9.58%	10.33%	0.50
AUBAtlantic Union Bankshares Corporation	5.47B	38.36	17.13	28.8%	15.53%	4.22%	5.51%	0.17
UCBUnited Community Banks, Inc.	4.09B	33.91	16.62	14.65%	17.05%	8.83%	7.4%	0.13
SNVSynovus Financial Corp.	6.95B	50.05	16.52	1.16%	14.09%	13.7%	11.01%	0.35
PNFPPinnacle Financial Partners, Inc.	14.67B	97.65	16.38	15.32%	16.65%	9.1%	5.5%	0.39
CADECadence Bank	8.27B	44.40	16.03	32.37%	18.03%	9.08%	9.39%	0.01
ABCBAmeris Bancorp	5.56B	81.41	15.69	9.75%	21.97%	9.91%	2.53%	0.11

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	134.68M	139.56M	143.97M	172.06M	169.81M	187.26M	189.56M	212.34M	215.03M	216.13M
NII Growth %	0.26%	0.04%	0.03%	0.2%	-0.01%	0.1%	0.01%	0.12%	0.01%	0.01%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	154.53M	168.91M	187.47M	229.16M	240.79M	231.83M	215.99M	252.98M	359.74M	414.34M
Interest Expense	19.85M	29.35M	43.5M	57.1M	70.98M	44.56M	26.43M	40.64M	144.71M	198.21M
Loan Loss Provision	8.34M	9.78M	4.67M	8.44M	5.1M	20.2M	-16.96M	3.24M	9.15M	3.35M
Non-Interest Income+	34.84M	36.27M	33.58M	39.68M	41.47M	49.73M	49.34M	40.86M	35.83M	41.73M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	189.37M	205.19M	221.06M	268.85M	282.26M	281.56M	265.32M	293.84M	395.57M	456.07M
Revenue Growth %	0.29%	0.08%	0.08%	0.22%	0.05%	-0%	-0.06%	0.11%	0.35%	0.15%
Non-Interest Expense	109.9M	106.39M	102.45M	119.01M	118.4M	123.31M	125.03M	130.33M	140.58M	147.14M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	51.28M	59.67M	70.43M	84.3M	87.78M	93.49M	130.83M	119.63M	101.13M	107.38M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	1.75%	0.16%	0.18%	0.2%	0.04%	0.07%	0.4%	-0.09%	-0.15%	0.06%
Pretax Income+	51.28M	59.67M	70.43M	84.3M	87.78M	93.49M	130.83M	119.63M	101.13M	107.38M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	7.28M	10.32M	16.12M	10.16M	13.22M	11.34M	17.43M	14.61M	14.44M	18.88M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	44M	49.35M	54.31M	74.14M	74.55M	82.15M	113.4M	105.02M	86.69M	88.49M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	1.11%	0.12%	0.1%	0.37%	0.01%	0.1%	0.38%	-0.07%	-0.17%	0.02%
Net Income (Continuing)	44M	49.35M	54.31M	74.14M	74.55M	82.15M	113.4M	105.02M	86.69M	88.49M
EPS (Diluted)+	1.61	1.81	1.81	2.11	2.20	2.47	3.47	3.26	2.82	2.92
EPS Growth %	0.66%	0.12%	0%	0.17%	0.04%	0.12%	0.4%	-0.06%	-0.13%	0.04%
EPS (Basic)	1.61	1.82	1.82	2.12	2.21	2.47	3.48	3.27	2.82	2.92
Diluted Shares Outstanding	27.38M	27.25M	30.05M	35.12M	33.9M	33.28M	32.69M	32.25M	30.76M	30.37M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	80.97M	161.61M	190.71M	126.5M	130.7M	108.41M	201.75M	115.42M	513.74M	373.35M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	4.67B	4.97B	5.73B	5.45B	6.05B	6.32B	6.48B	6.75B	7.11B	7.44B
Investments Growth %	0.09%	0.06%	0.15%	-0.05%	0.11%	0.04%	0.02%	0.04%	0.05%	0.05%
Long-Term Investments	3.21B	3.49B	4.19B	3.46B	3.69B	3.73B	3.71B	5.45B	5.81B	6.33B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	91.52M	91.52M	201.25M	201.12M	201.12M	201.12M	201.12M	201.12M	201.12M	201.12M
Intangible Assets	6.55M	4.61M	22.99M	17.78M	13.36M	9.74M	6.89M	4.62M	2.92M	1.75M
PP&E (Net)	107.93M	106M	133.64M	135.97M	153.67M	159.64M	157.58M	156.57M	153.79M	155.51M
Other Assets	166.34M	177.09M	179.15M	154.23M	172.04M	169.94M	174.59M	248.1M	226.66M	263.25M
Total Current Assets	1.56B	1.67B	1.76B	2.14B	2.52B	2.73B	3.01B	1.46B	1.86B	1.53B
Total Non-Current Assets	3.6B	3.9B	4.74B	3.98B	4.23B	4.27B	4.25B	6.09B	6.42B	6.99B
Total Assets+	5.16B	5.56B	6.5B	6.12B	6.75B	7.01B	7.26B	7.56B	8.28B	8.52B
Asset Growth %	0.07%	0.08%	0.17%	-0.06%	0.1%	0.04%	0.04%	0.04%	0.1%	0.03%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.02%	0.01%	0.01%	0.01%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	1.21B	2.34B	1.18B	914.53M	1.2B	1.13B	542.73M	550.52M	893.32M	976.45M
Net Debt	1.13B	2.18B	985.14M	788.03M	1.07B	1.02B	340.97M	435.1M	379.58M	603.09M
Long-Term Debt	562.51M	1.47B	1.18B	877.72M	1.16B	1.11B	526.05M	533.45M	876.62M	884.23M
Short-Term Debt	645.41M	873.62M	9.5M	36.81M	28.36M	0	0	0	0	76.44M
Other Liabilities	52.18M	-829.18M	43.16M	52.65M	38.28M	55.12M	64.57M	64.1M	68.63M	74.81M
Total Current Liabilities	4.1B	4.41B	4.52B	4.46B	4.73B	4.93B	5.72B	6.2B	6.55B	6.73B
Total Non-Current Liabilities	614.69M	638.8M	1.22B	930.36M	1.21B	1.2B	625.1M	614.62M	961.95M	974.82M
Total Liabilities	4.72B	5.05B	5.74B	5.39B	5.94B	6.13B	6.35B	6.81B	7.51B	7.71B
Total Equity+	444.06M	518.27M	754.14M	731.29M	804.58M	875.3M	912.17M	746M	773.29M	811.94M
Equity Growth %	0.04%	0.17%	0.46%	-0.03%	0.1%	0.09%	0.04%	-0.18%	0.04%	0.05%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.1%	0.1%	0.09%	0.1%	0.1%	0.1%	0.13%	0.13%	0.11%	0.11%
Book Value per Share	16.22	19.02	25.10	20.83	23.74	26.30	27.90	23.13	25.14	26.74
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	34.83M	39.32M	47.25M	47.31M	47.36M	47.42M	47.46M	47.5M	47.55M	47.6M
Additional Paid-in Capital	424.08M	535.24M	757.44M	762.47M	766.72M	771.51M	780.5M	784.54M	788.84M	793.59M
Retained Earnings	41.53M	30.1M	32.85M	64.8M	80.27M	111.21M	179.81M	239.61M	282.36M	326.79M
Accumulated OCI	-18.68M	-38.49M	-36.3M	-50.23M	4.24M	69.08M	59.7M	-137.46M	-113.46M	-124.9M
Treasury Stock	-37.69M	-47.89M	-47.1M	-93.06M	-94.01M	-123.92M	-155.31M	-188.2M	-232M	-231.14M
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	72.98M	86.72M	91.73M	122.4M	80.61M	90.52M	156.1M	226.52M	79.86M	101.85M
Operating CF Growth %	0.3%	0.19%	0.06%	0.33%	-0.34%	0.12%	0.72%	0.45%	-0.65%	0.28%
Net Income	44M	49.35M	54.31M	74.14M	74.55M	82.15M	113.4M	105.02M	86.69M	88.49M
Depreciation & Amortization	8.62M	9.08M	10.21M	14.04M	12.11M	12.08M	11.42M	11.11M	10.58M	10.46M
Deferred Taxes	-3.39M	1.77M	3.51M	6.15M	122K	-4.43M	4.75M	-89K	-2.11M	-1.03M
Other Non-Cash Items	23.94M	19.79M	26.35M	24.09M	17.72M	33.22M	4.39M	26.86M	22.55M	16.36M
Working Capital Changes	-1.58M	5.19M	-4.46M	1.65M	-26.29M	-35.53M	19.12M	80.4M	-41.4M	-15.96M
Cash from Investing+	-384.41M	-384.4M	172.74M	261.9M	-566.83M	-223.74M	-194.01M	-634.78M	-327.07M	-382.86M
Purchase of Investments	-1.08B	-1.05B	-625.66M	-306.87M	-1.25B	-916.87M	-692.67M	-709.94M	-2.05B	-1.19B
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	91.66M	0	0	0	0	0	0	0
Other Investing	-259.77M	-143.26M	-110.94M	12.75M	-278.29M	-74.61M	12.78M	-496.09M	-389.43M	-147.65M
Cash from Financing+	307.75M	386.36M	-235.43M	-462.28M	476.2M	130.93M	131.25M	405.76M	608.47M	146.66M
Dividends Paid	-25.07M	-25.96M	-32.2M	-41.98M	-42.52M	-43.2M	-44.57M	-44.94M	-43.58M	-43.63M
Share Repurchases	0	-10.2M	0	-47.19M	-2.18M	-30.99M	-34.15M	-33.71M	-44.8M	-1.5M
Stock Issued	1.37M	77.4M	1.48M	1.48M	1.45M	1.42M	1.35M	1.23M	1.22M	1.16M
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	-1000K	-1000K	1000K	-1000K	-1000K	1000K	1000K	1000K
Other Financing	80.68M	84.98M	85.15M	-103.61M	274.23M	250.62M	797.16M	475.92M	352.04M	106.55M
Net Change in Cash+	-3.68M	88.68M	29.04M	-77.97M	-10.02M	-2.29M	93.34M	-2.5M	361.26M	-134.35M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	84.66M	80.97M	169.65M	198.69M	120.72M	110.7M	108.41M	201.75M	199.25M	560.51M
Cash at End	80.97M	169.65M	198.69M	120.72M	110.7M	108.41M	201.75M	199.25M	560.51M	426.16M
Interest Paid	19.73M	27.01M	42.93M	55.84M	70.45M	47.2M	28.69M	39.26M	137.29M	198.65M
Income Taxes Paid	8.5M	5.7M	11.3M	2M	10.5M	12M	10.75M	11.95M	15.75M	15.75M
Free Cash Flow+	69.22M	80.18M	82.1M	108.96M	64.72M	79.08M	147.74M	217.22M	72.96M	90.69M
FCF Growth %	0.36%	0.16%	0.02%	0.33%	-0.41%	0.22%	0.87%	0.47%	-0.66%	0.24%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	10.12%	10.26%	8.54%	9.98%	9.71%	9.78%	12.69%	12.67%	11.41%	11.16%
Return on Assets (ROA)	0.88%	0.92%	0.9%	1.17%	1.16%	1.19%	1.59%	1.42%	1.09%	1.05%
Net Interest Margin	2.61%	2.51%	2.22%	2.81%	2.52%	2.67%	2.61%	2.81%	2.6%	2.54%
Efficiency Ratio	58.03%	51.85%	46.34%	44.27%	41.95%	43.79%	47.12%	44.35%	35.54%	32.26%
Equity / Assets	8.6%	9.32%	11.61%	11.94%	11.92%	12.49%	12.57%	9.87%	9.33%	9.53%
Book Value / Share	16.22	19.02	25.1	20.83	23.74	26.3	27.9	23.13	25.14	26.74
NII Growth	26.08%	3.63%	3.16%	19.51%	-1.31%	10.28%	1.22%	12.02%	1.26%	0.51%
Dividend Payout	56.98%	52.61%	59.29%	56.62%	57.03%	52.59%	39.3%	42.79%	50.27%	49.3%

Frequently Asked Questions

Valuation & Price

Southside Bancshares, Inc. (SBSI) has a price-to-earnings (P/E) ratio of 11.1x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Southside Bancshares, Inc. (SBSI) grew revenue by 15.3% over the past year. This is strong growth.

Yes, Southside Bancshares, Inc. (SBSI) is profitable, generating $70.0M in net income for fiscal year 2024 (19.4% net margin).

Dividend & Returns

Yes, Southside Bancshares, Inc. (SBSI) pays a dividend with a yield of 4.44%. This makes it attractive for income-focused investors.

Southside Bancshares, Inc. (SBSI) has a return on equity (ROE) of 11.2%. This is reasonable for most industries.

Industry Metrics

Southside Bancshares, Inc. (SBSI) has a net interest margin (NIM) of 2.5%. NIM has been under pressure due to interest rate environment.

Southside Bancshares, Inc. (SBSI) has an efficiency ratio of 32.3%. This is excellent, indicating strong cost control.

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