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Complete financial analysis of Southside Bancshares, Inc. (SBSI) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Southside Bancshares, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.
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Southside Bancshares, Inc. (SBSI)
About Southside Bancshares, Inc.
Southside 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.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 241.71M | 251.88M | 237.73M | 235.98M | 211.28M | 211.75M | 177.55M | 175.84M | 169.44M | 129.98M | 135.55M | 128.08M | 163.39M | 137.54M | 152.20M | 116.12M | 70.30M | 65.15M | 62.51M | 61.30M | 55.46M | 52.45M | 47.34M | 39.51M | 33.90M | 27.20M | 6.67M | 4.63M | 4.17M |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 241.71M | 251.88M | 237.73M | 235.98M | 211.28M | 211.75M | 177.55M | 175.84M | 169.44M | 129.98M | 135.55M | 128.08M | 163.39M | 137.54M | 152.20M | 116.12M | 70.30M | 65.15M | 62.51M | 61.30M | 55.46M | 52.45M | 47.34M | 39.51M | 33.90M | 27.20M | 6.67M | 4.63M | 4.17M |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 89.18M | 84.58M | 89.61M | 85.29M | 81.07M | 78.36M | 67.18M | 70.96M | 75.57M | 68.44M | 56.51M | 54.15M | 50.61M | 51.79M | 51.69M | 37.23M | 29.36M | 28.28M | 27.48M | 25.40M | 23.18M | 21.55M | 17.70M | 15.17M | 13.40M | 11.30M | 9.89M | 9.38M | 8.55M |
| Selling & Marketing | 4.09M | 3.43M | 2.37M | 2.15M | 2.96M | 2.89M | 2.22M | 2.64M | 2.71M | 2.22M | 2.64M | 2.46M | 3.74M | 2.32M | 2.34M | 2.10M | 1.81M | 1.74M | 1.97M | 1.85M | 1.78M | 1.72M | 1.65M | 1.62M | 1.30M | 1.10M | 0.00 | 0.00 | 0.00 |
| SG&A | 93.28M | 88.01M | 91.97M | 87.44M | 84.03M | 81.25M | 69.40M | 73.60M | 78.28M | 70.66M | 59.15M | 56.62M | 54.35M | 54.11M | 54.03M | 39.33M | 31.17M | 30.02M | 29.45M | 27.25M | 24.96M | 23.27M | 19.35M | 16.79M | 14.70M | 12.40M | 9.89M | 9.38M | 8.55M |
| Other Expenses | 0.00 | -83.05M | -198.87M | -229.93M | -207.54M | -151.60M | -29.44M | -31.67M | 0.00 | 0.00 | 0.00 | 0.00 | 8.92M | 75.00K | 3.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -64.27M | -23.83M | -3.86M | 2.33M | -2.70M | -8.20M | 6.34M | 6.02M | 6.36M |
| Operating Expenses | 120.63M | 4.96M | -106.90M | -142.49M | -123.50M | -70.35M | 3.84M | 4.95M | 3.88M | 7.83M | 2.78M | 2.03M | 2.16M | 2.02M | 2.22M | 1.86M | 1.27M | 1.39M | 1.34M | 1.02M | -39.32M | -556.00K | 15.48M | 19.11M | 12.00M | 4.20M | 16.23M | 15.41M | 14.91M |
| Cost & Expenses | 120.63M | 4.96M | -106.90M | -142.49M | -123.50M | -70.35M | 3.84M | 4.95M | 3.88M | 7.83M | 2.78M | 2.03M | 2.16M | 2.02M | 2.22M | 1.86M | 1.27M | 1.39M | 1.34M | 1.02M | -39.32M | -556.00K | 15.48M | 19.11M | 12.00M | 4.20M | 16.23M | 15.41M | 14.91M |
| Interest Income | 359.74M | 252.98M | 215.99M | 231.83M | 240.79M | 229.17M | 187.47M | 168.91M | 154.53M | 123.78M | 119.60M | 116.02M | 131.04M | 131.37M | 145.19M | 136.18M | 105.74M | 96.95M | 79.68M | 67.00M | 61.00M | 69.24M | 78.18M | 75.42M | 60.70M | 43.70M | 35.17M | 31.77M | 29.59M |
| Interest Expense | 144.71M | 40.64M | 26.43M | 44.56M | 70.98M | 57.10M | 43.50M | 29.35M | 19.85M | 16.96M | 17.97M | 26.90M | 35.63M | 45.31M | 52.67M | 60.36M | 61.86M | 55.28M | 38.42M | 27.61M | 29.65M | 36.38M | 47.56M | 46.14M | 36.00M | 24.80M | 16.21M | 14.40M | 12.84M |
| Depreciation & Amortization | 10.58M | 10.87M | 11.05M | 11.62M | 11.72M | 13.61M | 10.06M | 9.80M | 8.62M | 3.27M | 3.67M | 3.61M | 3.37M | 3.20M | 2.89M | 2.46M | 7.21M | 8.02M | 10.66M | 12.64M | 16.02M | 12.72M | 9.56M | 3.31M | 6.20M | 6.60M | 2.80M | 2.25M | 1.56M |
| EBITDA | 111.71M | 130.74M | 142.25M | 105.57M | 99.89M | 98.35M | 80.64M | 68.76M | 59.90M | 0.00 | 50.13M | 45.91M | 54.25M | 55.02M | 91.04M | 63.35M | 0.00 | 0.00 | 31.37M | 33.34M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Ratio | 46.22% | 64.53% | 56.23% | 41.15% | 47.28% | 73.41% | 69.92% | 55.79% | 47.07% | 29.92% | 50.11% | 56.84% | 54.18% | 72.68% | 76.59% | 90.23% | 127.65% | 126.48% | 107.14% | 98.37% | 111.46% | 123.19% | 152.91% | 156.76% | 153.69% | 139.71% | 385.31% | 481.09% | 494.61% |
| Operating Income | 101.13M | 160.27M | 130.83M | 93.49M | 87.78M | 141.40M | 113.94M | 89.02M | 71.13M | 35.63M | 64.26M | 69.20M | 85.16M | 96.76M | 113.68M | 102.31M | 82.52M | 19.10M | 17.89M | 47.66M | 16.15M | 51.89M | 62.82M | 58.62M | 45.90M | 31.40M | 22.90M | 20.04M | 19.08M |
| Operating Income Ratio | 41.84% | 63.63% | 55.03% | 39.62% | 41.54% | 66.78% | 64.17% | 50.63% | 41.98% | 27.41% | 47.40% | 54.03% | 52.12% | 70.35% | 74.69% | 88.11% | 117.39% | 29.32% | 28.61% | 77.75% | 29.11% | 98.94% | 132.71% | 148.38% | 135.40% | 115.44% | 343.28% | 432.53% | 457.16% |
| Total Other Income/Expenses | 0.00 | 0.00 | -16.61M | 0.00 | 0.00 | -22.87M | -22.49M | -21.74M | -59.90M | 0.00 | -13.15M | -1.74M | -8.92M | 523.00K | -3.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -36.38M | -46.57M | -46.14M | -36.00M | -24.80M | -16.21M | -14.40M | -12.84M |
| Income Before Tax | 101.13M | 119.63M | 130.83M | 93.49M | 87.78M | 84.30M | 70.43M | 59.67M | 51.28M | 18.67M | 46.29M | 42.30M | 50.89M | 52.41M | 62.47M | 41.95M | 20.66M | 19.10M | 17.89M | 20.05M | 16.15M | 15.51M | 16.25M | 12.49M | 9.90M | 6.60M | 6.70M | 5.64M | 6.25M |
| Income Before Tax Ratio | 41.84% | 47.49% | 55.03% | 39.62% | 41.54% | 39.81% | 39.67% | 33.94% | 30.26% | 14.36% | 34.15% | 33.03% | 31.14% | 38.11% | 41.05% | 36.12% | 29.39% | 29.32% | 28.61% | 32.71% | 29.11% | 29.57% | 34.33% | 31.60% | 29.20% | 24.26% | 100.36% | 121.78% | 149.62% |
| Income Tax Expense | 14.44M | 14.61M | 17.43M | 11.34M | 13.22M | 10.16M | 16.12M | 10.33M | 7.28M | -2.16M | 5.10M | 7.61M | 10.39M | 11.97M | 16.61M | 11.25M | 3.98M | 4.10M | 3.29M | 3.95M | 2.58M | 2.18M | 3.52M | 2.66M | 2.00M | 1.20M | 1.69M | 1.44M | 1.71M |
| Net Income | 86.69M | 105.02M | 113.40M | 82.15M | 74.55M | 74.14M | 54.31M | 49.35M | 44.00M | 20.83M | 41.19M | 34.70M | 39.13M | 39.49M | 44.40M | 30.70M | 16.68M | 15.00M | 14.59M | 16.10M | 13.56M | 13.33M | 11.73M | 9.83M | 7.90M | 5.40M | 5.01M | 4.21M | 4.53M |
| Net Income Ratio | 35.87% | 41.69% | 47.70% | 34.81% | 35.29% | 35.01% | 30.59% | 28.06% | 25.97% | 16.03% | 30.39% | 27.09% | 23.95% | 28.71% | 29.17% | 26.44% | 23.73% | 23.03% | 23.34% | 26.26% | 24.46% | 25.41% | 24.78% | 24.87% | 23.30% | 19.85% | 75.04% | 90.76% | 108.58% |
| EPS | 2.82 | 3.27 | 3.48 | 2.47 | 2.21 | 2.12 | 1.82 | 1.82 | 1.61 | 0.97 | 1.94 | 1.61 | 1.82 | 1.81 | 2.07 | 1.46 | 0.80 | 0.73 | 0.72 | 0.80 | 0.78 | 0.79 | 0.70 | 0.58 | 0.46 | 0.29 | 0.27 | 0.23 | 0.26 |
| EPS Diluted | 2.82 | 3.26 | 3.47 | 2.47 | 2.20 | 2.11 | 1.81 | 1.81 | 1.61 | 0.97 | 1.94 | 1.61 | 1.82 | 1.81 | 2.05 | 1.43 | 0.78 | 0.70 | 0.69 | 0.75 | 0.66 | 0.66 | 0.59 | 0.55 | 0.45 | 0.28 | 0.26 | 0.23 | 0.26 |
| Weighted Avg Shares Out | 30.70M | 32.12M | 32.56M | 33.20M | 33.75M | 34.95M | 29.84M | 27.12M | 27.29M | 21.56M | 21.21M | 21.59M | 21.52M | 21.62M | 21.45M | 21.04M | 20.73M | 20.56M | 20.13M | 20.16M | 17.46M | 16.80M | 16.78M | 17.02M | 17.16M | 18.40M | 18.52M | 18.62M | 17.61M |
| Weighted Avg Shares Out (Dil) | 30.76M | 32.25M | 32.69M | 33.28M | 33.90M | 35.12M | 30.05M | 27.25M | 27.38M | 21.67M | 21.26M | 21.60M | 21.53M | 21.65M | 21.64M | 21.51M | 21.39M | 21.30M | 21.19M | 21.38M | 20.47M | 20.18M | 19.84M | 17.74M | 17.68M | 19.16M | 19.04M | 18.62M | 17.61M |
Southside Bancshares, Inc. Declares Cash Dividend
TYLER, Texas, Nov. 07, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Southside Bancshares, Inc., (NASDAQ:SBSI), parent company of Southside Bank declared a regular quarterly cash dividend of $0.36 per common share. The cash dividend of $0.36 is scheduled...
Is Southside Bancshares (SBSI) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong...
Southside Bancshares, Inc. Announces Transfer of Listing of Common Stock to the New York Stock Exchange
TYLER, Texas, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (NASDAQ: SBSI) (the “Company” or “Southside”), the parent company of Southside Bank, announced today that it is transferring the listing of its common stock to the New York Stock...
Southside Bancshares: Earnings Outlook Remains Positive, Maintaining A Buy Rating
Loan growth will likely recover after the third quarter's poor performance. My optimism is based on the current condition of the local economy. Recent securities restructuring will lift the margin. However, interest rate cuts will pressure the margin. The December...
Southside Bancshares, Inc. (SBSI) Q3 2024 Earnings Call Transcript
Southside Bancshares, Inc. (NASDAQ:SBSI ) Q3 2024 Earnings Conference Call October 24, 2024 12:00 PM ET Company Participants Lindsey Bailes - VP, IR Lee Gibson - President and CEO Julie Shamburger - CFO Conference Call Participants Brett Rabatin - Hovde...
Southside Bancshares, Inc. Announces Financial Results for the Third Quarter Ended September 30, 2024
TYLER, Texas, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside” or the “Company”) (NASDAQ: SBSI) today reported its financial results for the quarter ended September 30, 2024. Southside reported net income of $20.5 million for the three months ended...
Southside Bancshares, Inc. Announces Third Quarter Conference Call
TYLER, Texas, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside”) (NASDAQ: SBSI), the holding company for Southside Bank, announced today it will release its third quarter financial results before the market opens on Thursday, October 24, 2024. Southside...
All You Need to Know About Southside Bancshares (SBSI) Rating Upgrade to Strong Buy
Southside Bancshares (SBSI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
New Strong Buy Stocks for September 26th
HOOD, DXPE, GOLD, SBSI and CM have been added to the Zacks Rank #1 (Strong Buy) List on September 26, 2024.
Best Income Stocks to Buy for September 26th
SBSI, CM and PCB made it to the Zacks Rank #1 (Strong Buy) income stocks list on September 26, 2024.
Source: https://incomestatements.info
Category: Stock Reports