Southside Bancshares (SBSI) Financials

$28.66 -0.78 (-2.65%)

Closing price 08/1/2025 03:59 PM Eastern

Extended Trading

$28.66 +0.00 (+0.02%)

As of 08/1/2025 04:10 PM Eastern

Annual Income Statements for Southside Bancshares

This table shows Southside Bancshares' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	21	44	49	54	74	75	82	113	105	87	88
Consolidated Net Income / (Loss)	21	44	49	54	74	75	82	113	105	87	88
Net Income / (Loss) Continuing Operations	21	44	49	54	74	75	82	113	105	87	88
Total Pre-Tax Income	19	51	60	70	84	88	93	131	120	101	107
Total Revenue	131	173	179	181	213	212	237	239	253	251	258
Net Interest Income / (Expense)	107	135	140	144	172	170	187	190	212	215	216
Total Interest Income	124	155	169	187	229	241	232	216	253	360	414
Loans and Leases Interest Income	71	96	107	118	159	170	158	145	170	245	279
Investment Securities Interest Income	53	58	61	67	67	68	72	71	81	105	114
Other Interest Income	0.18	0.30	1.19	3.01	3.51	2.99	1.47	0.61	1.99	9.67	21
Total Interest Expense	17	20	29	44	57	71	45	26	41	145	198
Deposits Interest Expense	7.95	10	14	21	36	45	25	9.40	29	108	154
Short-Term Borrowings Interest Expense	0.62	-	-	-	-	18	11	7.35	3.29	6.78	24
Long-Term Debt Interest Expense	8.38	9.69	15	23	21	8.44	8.13	9.64	6.41	8.42	8.40
Other Interest Expense	-	0.00	0.01	0.02	0.16	0.26	0.39	0.04	1.86	21	12
Total Non-Interest Income	24	38	39	37	41	42	50	49	41	36	42
Trust Fees by Commissions	4.45	5.63	5.62	6.24	8.82	8.35	7.40	9.34	9.33	9.22	10
Service Charges on Deposit Accounts	-	-	21	22	25	26	24	26	26	25	24
Other Service Charges	18	24	4.83	4.47	5.10	4.41	4.39	5.51	6.33	5.65	5.12
Net Realized & Unrealized Capital Gains on Investments	3.15	5.74	5.63	2.45	-1.15	1.27	11	5.50	-3.29	-10	-2.47
Other Non-Interest Income	-1.42	2.62	2.63	2.54	2.92	2.31	2.55	2.62	2.65	5.82	4.26
Provision for Credit Losses	15	8.34	9.78	4.68	8.44	5.10	20	-17	3.24	9.15	3.35
Total Non-Interest Expense	98	113	110	106	120	119	123	125	130	141	147
Salaries and Employee Benefits	61	63	62	61	71	74	77	80	83	86	90
Net Occupancy & Equipment Expense	12	16	17	15	18	18	19	20	22	24	26
Marketing Expense	2.22	2.68	2.64	2.22	2.89	2.96	2.15	2.37	3.43	4.09	3.36
Property & Liability Insurance Claims	1.77	2.51	2.14	1.77	1.87	0.86	1.12	1.81	1.95	3.56	3.79
Other Operating Expenses	21	21	25	20	19	20	20	17	18	22	23
Amortization Expense	-	2.30	1.94	1.96	5.21	4.42	3.62	2.85	2.27	1.70	1.17
Other Special Charges	-	-	-	-	-	0.00	0.00	1.12	0.00	0.00	0.00
Income Tax Expense	-2.16	7.28	10	16	10	13	11	17	15	14	19
Basic Earnings per Share	$0.99	$1.61	$1.82	$1.82	$2.12	$2.21	$2.47	$3.48	$3.27	$2.82	$2.92
Weighted Average Basic Shares Outstanding	20.03M	26.62M	27.12M	29.84M	35M	33.70M	32.76M	32.36M	31.39M	30.26M	30.39M
Diluted Earnings per Share	$0.99	$1.61	$1.81	$1.81	$2.11	$2.20	$2.47	$3.47	$3.26	$2.82	$2.91
Weighted Average Diluted Shares Outstanding	20.03M	26.62M	27.12M	29.84M	35M	33.70M	32.76M	32.36M	31.39M	30.26M	30.39M
Weighted Average Basic & Diluted Shares Outstanding	20.03M	26.62M	27.12M	29.84M	35M	33.70M	32.76M	32.36M	31.39M	30.26M	30.39M
Cash Dividends to Common per Share	$0.96	$1.00	$1.01	$1.11	$1.20	$1.26	$1.30	$1.37	$1.40	$1.42	$1.44

This table shows Southside Bancshares' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Net Income / (Loss) Attributable to Common Shareholders	28	26	25	18	17	22	25	21	22	22	22
Consolidated Net Income / (Loss)	28	26	25	18	17	22	25	21	22	22	22
Net Income / (Loss) Continuing Operations	28	26	25	18	17	22	25	21	22	22	22
Total Pre-Tax Income	32	31	29	22	20	26	30	25	26	26	27
Total Revenue	68	65	64	64	57	63	65	64	66	64	66
Net Interest Income / (Expense)	57	53	54	53	54	53	54	55	54	54	54
Total Interest Income	75	81	87	93	99	103	104	106	102	100	99
Loans and Leases Interest Income	52	55	59	64	67	68	70	72	70	68	67
Investment Securities Interest Income	22	24	26	27	28	28	29	29	28	28	28
Other Interest Income	1.09	2.12	1.87	2.05	3.64	6.37	5.70	4.87	4.26	4.33	3.59
Total Interest Expense	18	27	33	40	44	49	51	50	48	46	44
Deposits Interest Expense	14	20	22	31	36	38	38	39	38	37	37
Short-Term Borrowings Interest Expense	1.62	3.14	1.03	1.17	1.43	5.95	6.46	6.49	5.56	5.84	3.72
Long-Term Debt Interest Expense	1.91	2.03	2.09	2.14	2.16	2.13	2.11	2.12	2.04	1.95	1.95
Other Interest Expense	1.06	2.42	8.16	5.54	5.24	3.13	3.55	3.10	1.92	1.41	1.20
Total Non-Interest Income	11	12	10	11	2.50	9.72	12	8.17	12	10	12
Trust Fees by Commissions	2.30	2.16	2.39	2.28	2.38	2.35	2.54	2.70	2.83	2.89	3.10
Service Charges on Deposit Accounts	6.48	6.42	6.29	6.48	6.31	5.99	6.16	6.20	6.08	5.83	6.13
Other Service Charges	1.44	1.40	1.65	1.18	1.43	1.06	1.44	0.23	2.38	1.21	1.99
Net Realized & Unrealized Capital Gains on Investments	0.04	0.37	-0.63	0.11	-10	-0.45	-0.34	-1.81	0.14	-0.50	0.10
Other Non-Interest Income	0.52	1.68	0.76	0.79	2.60	0.78	1.77	0.86	0.85	0.80	0.83
Provision for Credit Losses	2.09	-0.04	-0.07	6.99	2.28	0.06	-0.49	2.39	1.38	0.76	0.62
Total Non-Interest Expense	34	35	35	36	35	37	36	36	38	37	39
Salaries and Employee Benefits	21	22	21	21	21	23	22	22	23	22	22
Net Occupancy & Equipment Expense	5.71	5.79	5.95	6.23	6.12	6.22	6.61	6.56	6.56	6.24	6.65
Marketing Expense	1.19	1.05	0.85	1.06	1.13	0.95	0.80	0.73	0.88	0.92	0.95
Property & Liability Insurance Claims	0.51	0.54	1.22	0.90	0.89	0.94	0.98	0.94	0.93	0.95	0.96
Other Operating Expenses	4.67	5.13	5.15	5.71	5.52	5.32	5.09	5.58	6.58	6.37	8.23
Amortization Expense	0.52	0.48	0.44	0.41	0.37	0.34	0.31	0.28	0.25	0.22	0.20
Income Tax Expense	4.29	4.54	4.57	3.12	2.21	4.62	5.21	4.39	4.66	4.72	4.72
Basic Earnings per Share	$0.87	$0.83	$0.81	$0.60	$0.58	$0.71	$0.81	$0.68	$0.72	$0.71	$0.72
Weighted Average Basic Shares Outstanding	31.39M	30.92M	30.53M	30.20M	30.26M	30.28M	30.27M	30.31M	30.39M	30.21M	30.08M
Diluted Earnings per Share	$0.86	$0.83	$0.81	$0.60	$0.58	$0.71	$0.81	$0.68	$0.71	$0.71	$0.72
Weighted Average Diluted Shares Outstanding	31.39M	30.92M	30.53M	30.20M	30.26M	30.28M	30.27M	30.31M	30.39M	30.21M	30.08M
Weighted Average Basic & Diluted Shares Outstanding	31.39M	30.92M	30.53M	30.20M	30.26M	30.28M	30.27M	30.31M	30.39M	30.21M	30.08M
Cash Dividends to Common per Share	$0.38	$0.35	$0.35	$0.35	$0.37	$0.36	$0.36	$0.36	$0.36	$0.36	$0.36

This table details how cash moves in and out of Southside Bancshares' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	30	-3.68	89	29	-78	-10	-2.29	93	-2.50	361	-134
Net Cash From Operating Activities	56	73	87	92	122	81	91	156	227	80	102
Net Cash From Continuing Operating Activities	56	73	87	92	122	81	91	156	226	80	101
Net Income / (Loss) Continuing Operations	21	44	49	54	74	75	82	113	105	87	88
Consolidated Net Income / (Loss)	21	44	49	54	74	75	82	113	105	87	88
Provision For Loan Losses	18	8.34	9.78	4.68	8.44	5.10	20	-17	3.24	9.15	3.35
Depreciation Expense	3.46	8.62	9.08	10	14	12	12	11	11	11	10
Amortization Expense	17	19	17	16	11	13	23	22	18	4.92	8.19
Non-Cash Adjustments to Reconcile Net Income	-4.45	-5.63	-3.09	11	13	2.46	-12	7.19	8.50	9.92	6.04
Changes in Operating Assets and Liabilities, net	1.32	-1.59	5.00	-4.47	1.53	-26	-36	19	80	-41	-16
Net Cash From Investing Activities	-67	-384	-384	173	262	-567	-224	-194	-635	-327	-383
Net Cash From Continuing Investing Activities	-67	-384	-384	173	262	-567	-224	-194	-635	-327	-383
Purchase of Property, Leasehold Improvements and Equipment	-5.16	-3.77	-6.55	-9.63	-13	-16	-11	-8.37	-9.30	-6.90	-11
Purchase of Investment Securities	-1,094	-1,355	-1,200	-769	-333	-1,542	-935	-694	-1,214	-2,433	-1,322
Sale of Property, Leasehold Improvements and Equipment	0.01	0.03	0.13	0.01	1.94	0.10	1.85	1.86	1.37	0.43	0.02
Sale and/or Maturity of Investments	1,032	974	822	835	606	991	721	528	628	2,153	1,050
Other Investing Activities, net	-	-	-	-	-	-	-	-21	-41	-40	-100
Net Cash From Financing Activities	41	308	386	-235	-462	476	131	131	406	608	147
Net Cash From Continuing Financing Activities	41	308	386	-235	-462	476	131	131	406	608	147
Net Change in Deposits	45	82	78	83	-106	273	249	790	476	352	105
Issuance of Debt	7,102	23,022	8,257	2,786	4,202	6,915	21,896	14,998	3,321	2,019	8,144
Issuance of Common Equity	2.29	1.37	77	1.48	1.48	1.45	1.42	1.35	1.23	1.22	1.16
Repayment of Debt	-7,091	-22,771	-7,997	-3,079	-4,500	-6,661	-21,937	-15,587	-3,512	-1,964	-7,626
Repurchase of Common Equity	0.00	0.00	-10	0.00	-47	-2.18	-31	-34	-34	-45	-1.51
Payment of Dividends	-18	-25	-26	-32	-42	-43	-43	-45	-45	-44	-44
Other Financing Activities, Net	0.71	-1.57	6.56	4.59	30	-6.86	-3.89	7.15	198	289	-431
Cash Interest Paid	17	20	27	43	56	70	47	29	39	137	199
Cash Income Taxes Paid	4.30	8.50	5.70	11	2.00	11	12	11	12	16	16

This table details how cash moves in and out of Southside Bancshares' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Net Change in Cash & Equivalents	4.13	111	-103	119	235	-91	-17	34	-60	4.81	-41
Net Cash From Operating Activities	18	24	34	78	-57	58	16	-12	39	24	5.95
Net Cash From Continuing Operating Activities	18	24	34	78	-57	58	16	-12	38	24	5.95
Net Income / (Loss) Continuing Operations	28	26	25	18	17	22	25	21	22	22	22
Consolidated Net Income / (Loss)	28	26	25	18	17	22	25	21	22	22	22
Provision For Loan Losses	2.09	-0.04	-0.07	6.99	2.28	0.06	-0.49	2.39	1.38	0.76	0.62
Depreciation Expense	2.77	2.64	2.65	2.68	2.61	2.47	2.49	2.56	2.94	2.62	2.70
Amortization Expense	4.62	3.68	0.21	0.20	0.84	1.80	1.80	1.35	3.23	1.94	2.01
Non-Cash Adjustments to Reconcile Net Income	0.47	0.66	-0.15	-0.39	9.79	2.68	0.90	3.50	-1.04	2.20	2.50
Changes in Operating Assets and Liabilities, net	-19	-9.34	6.87	50	-89	30	-13	-42	9.64	-5.08	-24
Net Cash From Investing Activities	-82	-112	-107	-100	-7.77	-183	37	14	-250	172	14
Net Cash From Continuing Investing Activities	-82	-112	-107	-100	-7.77	-183	37	14	-250	172	14
Purchase of Property, Leasehold Improvements and Equipment	-0.93	-2.18	-1.01	-1.88	-1.83	-2.57	-1.10	-2.43	-5.07	-2.42	-7.95
Purchase of Investment Securities	-96	-388	-511	-513	-1,022	-438	-182	-216	-438	-123	-73
Sale of Property, Leasehold Improvements and Equipment	-	0.00	0.37	0.06	-	-0.00	-0.00	0.02	0.00	0.00	-0.29
Sale and/or Maturity of Investments	31	278	434	420	1,021	303	271	182	293	297	103
Other Investing Activities, net	-17	-	-	-5.10	-5.55	-46	-	-	-	-0.38	-8.33
Net Cash From Financing Activities	68	199	-31	141	299	34	-70	32	151	-191	-60
Net Cash From Continuing Financing Activities	68	199	-31	141	299	34	-70	32	151	-191	-60
Net Change in Deposits	45	-360	279	232	200	-3.93	-50	-60	219	-63	41
Issuance of Debt	820	1,078	250	331	360	1,580	2,160	2,329	2,075	1,670	1,046
Issuance of Common Equity	0.32	0.30	0.30	0.31	0.32	0.31	0.29	0.29	0.27	0.26	0.25
Repayment of Debt	-910	-898	-405	-301	-360	-1,480	-1,912	-2,131	-2,103	-1,790	-1,146
Payment of Dividends	-12	-11	-11	-11	-11	-11	-11	-11	-11	-11	-11
Other Financing Activities, Net	146	405	-125	-105	115	-52	-256	-95	-28	3.11	20
Cash Interest Paid	18	24	31	34	48	51	49	50	48	45	45
Cash Income Taxes Paid	3.75	0.00	8.00	4.25	3.50	0.00	7.00	5.00	3.75	0.00	8.75

This table presents Southside Bancshares' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	4,807	5,162	5,564	6,498	6,123	6,749	7,008	7,260	7,559	8,285	8,517
Cash and Due from Banks	64	54	59	79	87	67	87	91	106	122	91
Federal Funds Sold	-	0.00	8.04	7.98	9.46	-	-	0.00	84	47	53
Interest Bearing Deposits at Other Banks	21	27	102	112	24	44	21	111	9.28	392	282
Trading Account Securities	1,902	2,263	2,430	2,450	2,153	2,494	2,700	2,857	2,626	2,614	2,815
Loans and Leases, Net of Allowance	2,168	2,412	2,539	3,274	3,286	3,543	3,609	3,610	4,111	4,482	4,617
Loans and Leases	2,181	2,432	2,557	3,294	3,313	3,568	3,658	3,610	4,148	4,525	4,662
Allowance for Loan and Lease Losses	13	20	18	21	27	25	49	-	37	43	45
Premises and Equipment, Net	113	108	106	134	136	144	145	143	141	139	142
Goodwill	91	92	92	201	201	201	201	201	201	201	201
Intangible Assets	8.84	6.55	4.61	23	18	13	9.74	6.90	4.62	2.93	1.75
Other Assets	187	200	223	218	194	243	236	3,851	275	285	315
Total Liabilities & Shareholders' Equity	4,807	5,162	5,564	6,498	6,123	6,749	7,008	7,260	7,559	8,285	8,517
Total Liabilities	4,382	4,718	5,045	5,744	5,392	5,944	6,133	6,347	6,813	7,512	7,706
Non-Interest Bearing Deposits	661	672	704	1,037	995	1,040	1,355	1,645	1,672	1,390	1,357
Interest Bearing Deposits	2,713	2,783	2,829	3,478	3,430	3,663	3,578	4,078	4,526	5,159	5,297
Federal Funds Purchased and Securities Sold	4.24	2.43	7.10	9.50	37	28	23	23	221	510	76
Long-Term Debt	958	1,208	1,468	1,176	878	1,132	1,090	503	312	367	884
Other Long-Term Liabilities	46	52	37	43	53	82	87	99	81	85	91
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	425	444	518	754	731	805	875	912	746	773	812
Total Preferred & Common Equity	425	444	518	754	731	805	875	912	746	773	812
Total Common Equity	425	444	518	754	731	805	875	912	746	773	812
Common Stock	423	459	575	805	810	814	819	828	832	836	841
Retained Earnings	55	42	30	33	65	80	111	180	240	282	327
Treasury Stock	-38	-38	-48	-47	-93	-94	-124	-155	-188	-232	-231
Accumulated Other Comprehensive Income / (Loss)	-16	-19	-38	-36	-50	4.24	69	60	-137	-113	-125

This table presents Southside Bancshares' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2022	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025
Period end date	6/30/2022	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025
Total Assets	7,606	7,454	7,792	7,807	7,972	8,354	8,358	8,362	8,343	8,340
Cash and Due from Banks	111	111	101	115	106	97	114	130	103	110
Federal Funds Sold	48	81	57	78	114	65	65	22	34	20
Interest Bearing Deposits at Other Banks	13	3.48	152	14	106	307	272	334	293	260
Trading Account Securities	2,890	2,576	2,750	2,682	2,645	2,719	2,713	2,698	2,737	2,730
Loans and Leases, Net of Allowance	3,928	4,027	4,116	4,293	4,379	4,534	4,547	4,534	4,523	4,558
Loans and Leases	3,963	4,063	4,153	4,329	4,421	4,577	4,589	4,578	4,567	4,602
Allowance for Loan and Lease Losses	35	37	36	36	42	44	42	44	45	44
Premises and Equipment, Net	143	143	141	140	139	139	138	139	142	147
Goodwill	201	201	201	201	201	201	201	201	201	201
Intangible Assets	5.69	5.14	4.14	3.70	3.30	2.59	2.28	2.00	1.53	1.33
Other Assets	267	307	4,385	281	279	288	304	303	308	312
Total Liabilities & Shareholders' Equity	7,606	7,454	7,792	7,807	7,972	8,354	8,358	8,362	8,343	8,340
Total Liabilities	6,874	6,746	7,041	7,042	7,244	7,566	7,557	7,557	7,527	7,533
Non-Interest Bearing Deposits	1,735	1,760	1,543	1,467	1,431	1,359	1,367	1,377	1,380	1,368
Interest Bearing Deposits	4,513	4,421	4,295	4,651	4,918	5,187	5,129	5,059	5,211	5,264
Federal Funds Purchased and Securities Sold	58	75	626	500	395	458	201	106	80	100
Long-Term Debt	313	402	492	337	367	467	715	912	764	664
Other Long-Term Liabilities	255	88	85	87	132	96	145	103	92	137
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	732	708	751	765	729	788	801	805	817	807
Total Preferred & Common Equity	732	708	751	765	729	788	801	805	817	807
Total Common Equity	732	708	751	765	729	788	801	805	817	807
Common Stock	830	831	834	835	836	838	838	840	842	842
Retained Earnings	208	224	255	269	276	293	307	316	337	348
Treasury Stock	-167	-167	-204	-222	-228	-232	-233	-232	-231	-241
Accumulated Other Comprehensive Income / (Loss)	-139	-181	-133	-116	-155	-111	-111	-118	-132	-141

This table displays calculated financial ratios and metrics derived from Southside Bancshares' official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-4.07%	31.42%	3.71%	1.38%	17.30%	-0.31%	11.70%	0.80%	5.99%	-0.92%	2.79%
EBITDA Growth	-46.77%	101.32%	7.88%	13.79%	12.92%	2.61%	14.40%	27.52%	-9.28%	-21.70%	8.06%
EBIT Growth	-59.67%	174.66%	16.38%	18.03%	19.69%	4.12%	6.51%	39.94%	-8.56%	-15.47%	6.18%
NOPAT Growth	-49.42%	111.19%	12.16%	10.06%	36.50%	0.56%	10.19%	38.04%	-7.39%	-17.45%	2.08%
Net Income Growth	-49.42%	111.19%	12.16%	10.06%	36.50%	0.56%	10.19%	38.04%	-7.39%	-17.45%	2.08%
EPS Growth	-52.63%	62.63%	12.42%	0.00%	16.57%	4.27%	12.27%	40.49%	-6.05%	-13.50%	3.19%
Operating Cash Flow Growth	-5.83%	30.24%	18.83%	5.77%	33.44%	-34.15%	12.30%	72.45%	45.11%	-64.74%	27.53%
Free Cash Flow Firm Growth	-3,495.63%	52.08%	-26.63%	138.81%	257.32%	-163.93%	120.97%	1,152.95%	-30.43%	-98.94%	-9,636.81%
Invested Capital Growth	54.93%	19.45%	20.23%	-2.83%	-16.63%	20.33%	1.51%	-28.00%	-25.21%	7.73%	48.78%
Revenue Q/Q Growth	-2.71%	6.82%	-1.19%	3.45%	2.47%	0.52%	2.58%	0.76%	2.51%	-4.06%	3.62%
EBITDA Q/Q Growth	-35.06%	38.99%	0.79%	2.76%	2.73%	1.49%	13.52%	-1.03%	-1.21%	-12.32%	8.30%
EBIT Q/Q Growth	-53.33%	69.32%	0.47%	4.12%	4.62%	0.31%	17.09%	-0.26%	-1.27%	-10.95%	6.89%
NOPAT Q/Q Growth	-43.64%	55.14%	-0.19%	-2.20%	10.51%	-0.13%	17.50%	-0.77%	-0.96%	-10.67%	5.32%
Net Income Q/Q Growth	-43.64%	55.14%	-0.24%	-2.24%	10.51%	-0.06%	17.50%	-0.77%	-0.96%	-10.67%	5.32%
EPS Q/Q Growth	-45.00%	65.98%	1.12%	-4.23%	9.33%	0.46%	17.62%	0.00%	-0.61%	-9.03%	4.68%
Operating Cash Flow Q/Q Growth	-20.75%	32.15%	8.62%	-5.90%	4.19%	1.72%	27.67%	-7.59%	-3.94%	-48.34%	1,478.81%
Free Cash Flow Firm Q/Q Growth	-400.08%	58.42%	6.62%	5,962.39%	-12.53%	37.03%	-20.99%	79.62%	-33.26%	-95.61%	13.09%
Invested Capital Q/Q Growth	57.29%	14.03%	10.14%	3.93%	9.28%	-0.62%	0.73%	-16.56%	-4.66%	4.07%	-1.25%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	29.93%	45.85%	47.70%	53.54%	51.54%	53.05%	54.33%	68.73%	58.83%	46.49%	48.87%
EBIT Margin	14.22%	29.71%	33.34%	38.82%	39.61%	41.37%	39.45%	54.76%	47.25%	40.31%	41.64%
Profit (Net Income) Margin	15.87%	25.49%	27.57%	29.93%	34.83%	35.14%	34.66%	47.47%	41.48%	34.56%	34.32%
Tax Burden Percent	111.59%	85.80%	82.70%	77.11%	87.94%	84.94%	87.87%	86.68%	87.79%	85.72%	82.41%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	-11.59%	14.20%	17.30%	22.89%	12.06%	15.06%	12.13%	13.32%	12.21%	14.28%	17.59%
Return on Invested Capital (ROIC)	1.83%	2.90%	2.71%	2.77%	4.19%	4.21%	4.21%	6.71%	8.49%	7.89%	6.24%
ROIC Less NNEP Spread (ROIC-NNEP)	1.83%	2.90%	2.71%	2.77%	4.19%	4.21%	4.21%	6.71%	8.49%	7.89%	6.24%
Return on Net Nonoperating Assets (RNNOA)	4.25%	7.22%	7.54%	5.76%	5.79%	5.50%	5.57%	5.98%	4.17%	3.53%	4.92%
Return on Equity (ROE)	6.08%	10.12%	10.26%	8.54%	9.98%	9.71%	9.78%	12.69%	12.67%	11.41%	11.16%
Cash Return on Invested Capital (CROIC)	-41.27%	-14.83%	-15.66%	5.65%	22.33%	-14.25%	2.72%	39.27%	37.34%	0.45%	-32.97%
Operating Return on Assets (OROA)	0.45%	1.03%	1.11%	1.17%	1.34%	1.36%	1.36%	1.83%	1.61%	1.28%	1.28%
Return on Assets (ROA)	0.50%	0.88%	0.92%	0.90%	1.17%	1.16%	1.19%	1.59%	1.42%	1.09%	1.05%
Return on Common Equity (ROCE)	6.08%	10.12%	10.26%	8.54%	9.98%	9.71%	9.78%	12.69%	12.67%	11.41%	11.16%
Return on Equity Simple (ROE_SIMPLE)	4.90%	9.91%	9.52%	7.20%	10.14%	9.27%	9.39%	12.43%	14.08%	11.21%	10.90%
Net Operating Profit after Tax (NOPAT)	21	44	49	54	74	75	82	113	105	87	88
NOPAT Margin	15.87%	25.49%	27.57%	29.93%	34.83%	35.14%	34.66%	47.47%	41.48%	34.56%	34.32%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	57.06%	47.48%	45.20%	43.04%	42.92%	44.47%	41.65%	42.77%	42.67%	45.37%	46.38%
Operating Expenses to Revenue	74.41%	65.45%	61.19%	58.61%	56.43%	56.23%	52.03%	52.34%	51.47%	56.04%	57.06%
Earnings before Interest and Taxes (EBIT)	19	51	60	70	84	88	93	131	120	101	107
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	39	79	85	97	110	113	129	164	149	117	126
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.77	0.89	1.35	0.98	1.18	1.25	0.98	1.29	1.40	1.15	1.17
Price to Tangible Book Value (P/TBV)	1.01	1.15	1.66	1.40	1.69	1.71	1.30	1.67	1.93	1.57	1.56
Price to Revenue (P/Rev)	2.49	2.30	3.92	4.09	4.07	4.75	3.64	4.91	4.11	3.56	3.69
Price to Earnings (P/E)	15.72	9.03	14.20	13.67	11.68	13.53	10.49	10.35	9.91	10.29	10.75
Dividend Yield	4.27%	4.92%	2.85%	3.29%	4.79%	4.12%	4.80%	3.60%	4.19%	4.74%	4.59%
Earnings Yield	6.36%	11.08%	7.04%	7.31%	8.56%	7.39%	9.53%	9.66%	10.09%	9.72%	9.30%
Enterprise Value to Invested Capital (EV/IC)	0.87	0.92	1.01	0.89	1.00	1.05	0.94	1.04	1.09	0.61	0.83
Enterprise Value to Revenue (EV/Rev)	9.14	8.83	11.17	9.48	7.55	9.57	7.78	6.18	4.56	2.78	5.47
Enterprise Value to EBITDA (EV/EBITDA)	30.54	19.26	23.42	17.70	14.66	18.03	14.32	8.98	7.75	5.99	11.19
Enterprise Value to EBIT (EV/EBIT)	64.31	29.72	33.50	24.42	19.07	23.12	19.72	11.28	9.65	6.91	13.13
Enterprise Value to NOPAT (EV/NOPAT)	57.63	34.64	40.51	31.66	21.68	27.22	22.44	13.01	10.99	8.06	15.93
Enterprise Value to Operating Cash Flow (EV/OCF)	21.43	20.88	23.05	18.75	13.13	25.18	20.37	9.45	5.10	8.75	13.84
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	15.55	4.07	0.00	34.80	2.22	2.50	142.46	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.25	2.72	2.83	1.56	1.20	1.41	1.25	0.55	0.42	0.47	1.09
Long-Term Debt to Equity	2.25	2.72	2.83	1.56	1.20	1.41	1.25	0.55	0.42	0.47	1.09
Financial Leverage	2.32	2.49	2.78	2.08	1.38	1.31	1.32	0.89	0.49	0.45	0.79
Leverage Ratio	12.05	11.47	11.15	9.48	8.50	8.38	8.19	7.98	8.94	10.43	10.60
Compound Leverage Factor	12.05	11.47	11.15	9.48	8.50	8.38	8.19	7.98	8.94	10.43	10.60
Debt to Total Capital	69.25%	73.12%	73.91%	60.93%	54.55%	58.44%	55.46%	35.54%	29.51%	32.17%	52.13%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	69.25%	73.12%	73.91%	60.93%	54.55%	58.44%	55.46%	35.54%	29.51%	32.17%	52.13%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	30.75%	26.88%	26.09%	39.07%	45.45%	41.56%	44.54%	64.46%	70.49%	67.83%	47.87%
Debt to EBITDA	24.37	15.26	17.20	12.10	8.00	10.05	8.47	3.06	2.10	3.15	7.02
Net Debt to EBITDA	22.21	14.24	15.21	10.06	6.76	9.07	7.62	1.83	0.76	-1.66	3.63
Long-Term Debt to EBITDA	24.37	15.26	17.20	12.10	8.00	10.05	8.47	3.06	2.10	3.15	7.02
Debt to NOPAT	45.97	27.45	29.75	21.65	11.84	15.18	13.27	4.43	2.97	4.23	9.99
Net Debt to NOPAT	41.91	25.61	26.31	17.99	10.01	13.69	11.95	2.66	1.08	-2.23	5.18
Long-Term Debt to NOPAT	45.97	27.45	29.75	21.65	11.84	15.18	13.27	4.43	2.97	4.23	9.99
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-470	-225	-285	111	395	-253	53	664	462	4.90	-468
Operating Cash Flow to CapEx	1,087.19%	1,951.89%	1,350.65%	953.44%	1,064.27%	510.58%	944.00%	2,400.12%	2,854.30%	1,233.61%	914.10%
Free Cash Flow to Firm to Interest Expense	-27.69	-11.33	-9.71	2.54	6.92	-3.56	1.19	25.11	11.36	0.03	-2.36
Operating Cash Flow to Interest Expense	3.30	3.68	2.96	2.11	2.14	1.14	2.03	5.91	5.57	0.55	0.51
Operating Cash Flow Less CapEx to Interest Expense	3.00	3.49	2.74	1.89	1.94	0.91	1.82	5.66	5.38	0.51	0.46
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03
Fixed Asset Turnover	1.59	1.56	1.67	1.51	1.58	1.52	1.64	1.66	1.78	1.79	1.84
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,383	1,652	1,986	1,930	1,609	1,936	1,965	1,415	1,058	1,140	1,696
Invested Capital Turnover	0.12	0.11	0.10	0.09	0.12	0.12	0.12	0.14	0.20	0.23	0.18
Increase / (Decrease) in Invested Capital	490	269	334	-56	-321	327	29	-550	-357	82	556
Enterprise Value (EV)	1,201	1,524	1,999	1,720	1,608	2,030	1,844	1,475	1,154	698	1,410
Market Capitalization	328	397	701	743	866	1,009	862	1,174	1,041	892	952
Book Value per Share	$22.48	$17.50	$19.72	$25.62	$20.80	$23.83	$26.47	$28.26	$23.24	$25.61	$26.79
Tangible Book Value per Share	$17.18	$13.64	$16.06	$18.00	$14.57	$17.47	$20.09	$21.82	$16.83	$18.85	$20.10
Total Capital	1,383	1,652	1,986	1,930	1,609	1,936	1,965	1,415	1,058	1,140	1,696
Total Debt	958	1,208	1,468	1,176	878	1,132	1,090	503	312	367	884
Total Long-Term Debt	958	1,208	1,468	1,176	878	1,132	1,090	503	312	367	884
Net Debt	873	1,127	1,298	977	742	1,021	982	301	113	-194	458
Capital Expenditures (CapEx)	5.15	3.74	6.42	9.62	12	16	9.59	6.50	7.94	6.47	11
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	958	1,208	1,468	1,176	878	1,132	1,090	503	312	367	884
Total Depreciation and Amortization (D&A)	21	28	26	27	25	25	35	33	29	16	19
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.09	$1.74	$1.86	$1.82	$2.12	$2.21	$2.47	$3.48	$3.27	$2.82	$2.92
Adjusted Weighted Average Basic Shares Outstanding	24.11M	24.97M	28.57M	35.03M	33.69M	33.85M	32.76M	32.36M	31.39M	30.26M	30.39M
Adjusted Diluted Earnings per Share	$1.09	$1.73	$1.86	$1.81	$2.11	$2.20	$2.47	$3.47	$3.26	$2.82	$2.91
Adjusted Weighted Average Diluted Shares Outstanding	24.11M	24.97M	28.57M	35.03M	33.69M	33.85M	32.76M	32.36M	31.39M	30.26M	30.39M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$2.21	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	24.11M	24.97M	28.57M	35.03M	33.69M	33.85M	32.76M	32.36M	31.39M	30.26M	30.39M
Normalized Net Operating Profit after Tax (NOPAT)	13	49	49	58	76	75	82	114	105	87	88
Normalized NOPAT Margin	9.95%	28.22%	27.57%	31.78%	35.83%	35.14%	34.66%	47.88%	41.48%	34.56%	34.32%
Pre Tax Income Margin	14.22%	29.71%	33.34%	38.82%	39.61%	41.37%	39.45%	54.76%	47.25%	40.31%	41.64%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.10	2.58	2.03	1.62	1.48	1.24	2.10	4.95	2.94	0.70	0.54
NOPAT to Interest Expense	1.23	2.22	1.68	1.25	1.30	1.05	1.84	4.29	2.58	0.60	0.45
EBIT Less CapEx to Interest Expense	0.80	2.39	1.81	1.40	1.27	1.01	1.88	4.70	2.75	0.65	0.49
NOPAT Less CapEx to Interest Expense	0.92	2.03	1.46	1.03	1.10	0.83	1.63	4.04	2.39	0.55	0.39
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	86.01%	56.98%	52.61%	59.29%	56.62%	57.03%	52.59%	39.30%	42.79%	50.27%	49.30%
Augmented Payout Ratio	86.01%	56.98%	73.28%	59.29%	120.28%	59.96%	90.31%	69.41%	74.88%	101.95%	51.00%

This table displays calculated financial ratios and metrics derived from Southside Bancshares' official financial filings.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	10.09%	9.65%	6.99%	-2.55%	-15.71%	-3.54%	1.22%	-0.74%	15.80%	1.59%	1.91%
EBITDA Growth	-4.42%	3.68%	-9.83%	-35.93%	-41.64%	-17.59%	5.74%	17.87%	42.05%	1.26%	-8.61%
EBIT Growth	-4.59%	8.65%	2.64%	-30.03%	-38.92%	-14.53%	1.44%	15.51%	35.46%	0.36%	-11.22%
NOPAT Growth	-3.55%	4.15%	-2.02%	-31.55%	-37.42%	-17.37%	-0.88%	11.25%	25.81%	-0.02%	-11.59%
Net Income Growth	-3.55%	4.15%	-2.02%	-31.55%	-37.42%	-17.37%	-0.88%	11.25%	25.81%	-0.02%	-11.59%
EPS Growth	-2.27%	7.79%	2.53%	-28.57%	-32.56%	-14.46%	0.00%	13.33%	22.41%	0.00%	-11.11%
Operating Cash Flow Growth	-33.88%	-72.32%	-19.35%	-2.38%	-411.74%	146.68%	-52.08%	-114.97%	168.58%	-58.93%	-63.94%
Free Cash Flow Firm Growth	-33.62%	-131.43%	-103.86%	-94.62%	-116.77%	103.75%	-1,077.94%	-1,923.46%	-728.72%	-3,107.67%	117.03%
Invested Capital Growth	-25.21%	31.28%	5.54%	-1.31%	7.73%	0.92%	37.49%	56.78%	48.78%	25.99%	-2.93%
Revenue Q/Q Growth	2.77%	-3.29%	-1.54%	-0.42%	-11.11%	10.68%	3.32%	-2.35%	3.70%	-2.90%	3.65%
EBITDA Q/Q Growth	3.09%	-6.25%	-12.37%	-24.35%	-6.10%	32.39%	12.43%	-15.67%	13.17%	-5.63%	1.47%
EBIT Q/Q Growth	3.68%	-4.33%	-3.65%	-26.79%	-9.49%	33.86%	14.36%	-16.63%	6.15%	-0.82%	1.16%
NOPAT Q/Q Growth	2.66%	-5.91%	-4.38%	-25.89%	-6.14%	24.23%	14.70%	-16.82%	6.15%	-1.28%	1.42%
Net Income Q/Q Growth	2.66%	-5.91%	-4.38%	-25.89%	-6.14%	24.23%	14.70%	-16.82%	6.15%	-1.28%	1.42%
EPS Q/Q Growth	2.38%	-3.49%	-2.41%	-25.93%	-3.33%	22.41%	14.08%	-16.05%	4.41%	0.00%	1.41%
Operating Cash Flow Q/Q Growth	-77.40%	30.18%	45.58%	127.95%	-172.16%	203.01%	-71.72%	-171.19%	430.67%	-38.31%	-75.17%
Free Cash Flow Firm Q/Q Growth	-37.27%	-170.30%	87.79%	200.00%	-295.44%	115.71%	-3,936.79%	-54.80%	11.18%	42.99%	121.73%
Invested Capital Q/Q Growth	-4.66%	17.47%	-11.34%	-0.61%	4.07%	10.04%	20.80%	13.33%	-1.25%	-6.81%	-6.93%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	58.20%	56.42%	50.21%	38.14%	40.30%	48.20%	52.45%	45.30%	49.43%	48.04%	47.04%
EBIT Margin	47.27%	46.76%	45.76%	33.64%	34.26%	41.43%	45.86%	39.15%	40.08%	40.93%	39.95%
Profit (Net Income) Margin	40.92%	39.82%	38.67%	28.78%	30.39%	34.11%	37.86%	32.25%	33.02%	33.57%	32.85%
Tax Burden Percent	86.57%	85.14%	84.49%	85.53%	88.70%	82.31%	82.56%	82.38%	82.38%	82.00%	82.21%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	13.43%	14.86%	15.51%	14.47%	11.30%	17.69%	17.44%	17.62%	17.62%	18.00%	17.79%
Return on Invested Capital (ROIC)	8.38%	9.42%	9.48%	6.82%	6.93%	6.79%	7.21%	5.71%	6.00%	6.13%	5.72%
ROIC Less NNEP Spread (ROIC-NNEP)	8.38%	9.42%	9.48%	6.82%	6.93%	6.79%	7.21%	5.71%	6.00%	6.13%	5.72%
Return on Net Nonoperating Assets (RNNOA)	4.12%	4.02%	4.11%	3.66%	3.10%	4.23%	4.84%	4.76%	4.74%	4.70%	4.90%
Return on Equity (ROE)	12.50%	13.43%	13.59%	10.48%	10.03%	11.02%	12.06%	10.47%	10.74%	10.83%	10.63%
Cash Return on Invested Capital (CROIC)	37.34%	-17.37%	4.44%	10.12%	0.45%	5.67%	-25.31%	-38.25%	-32.97%	-16.76%	8.71%
Operating Return on Assets (OROA)	1.62%	1.62%	1.56%	1.14%	1.08%	1.28%	1.41%	1.19%	1.23%	1.27%	1.24%
Return on Assets (ROA)	1.40%	1.38%	1.32%	0.98%	0.96%	1.05%	1.17%	0.98%	1.01%	1.04%	1.02%
Return on Common Equity (ROCE)	12.50%	13.43%	13.59%	10.48%	10.03%	11.02%	12.06%	10.47%	10.74%	10.83%	10.63%
Return on Equity Simple (ROE_SIMPLE)	0.00%	14.12%	13.79%	13.32%	0.00%	10.43%	10.23%	10.43%	0.00%	10.84%	10.61%
Net Operating Profit after Tax (NOPAT)	28	26	25	18	17	22	25	21	22	22	22
NOPAT Margin	40.92%	39.82%	38.67%	28.78%	30.39%	34.11%	37.86%	32.25%	33.02%	33.57%	32.85%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	41.22%	43.89%	43.78%	44.50%	49.83%	48.01%	45.10%	46.41%	46.08%	46.12%	44.98%
Operating Expenses to Revenue	49.64%	53.30%	54.35%	55.46%	61.74%	58.47%	54.88%	57.09%	57.83%	57.88%	59.11%
Earnings before Interest and Taxes (EBIT)	32	31	29	22	20	26	30	25	26	26	27
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	39	37	32	24	23	30	34	29	33	31	31
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.40	1.26	0.97	1.12	1.15	1.07	1.01	1.23	1.17	1.08	1.10
Price to Tangible Book Value (P/TBV)	1.93	1.74	1.33	1.56	1.57	1.44	1.35	1.64	1.56	1.43	1.47
Price to Revenue (P/Rev)	4.11	3.66	2.83	3.12	3.56	3.39	3.24	3.98	3.69	3.40	3.42
Price to Earnings (P/E)	9.91	8.94	7.06	8.41	10.29	10.26	9.87	11.78	10.75	9.95	10.38
Dividend Yield	4.19%	4.54%	5.73%	5.20%	4.74%	5.05%	5.32%	4.37%	4.59%	4.97%	4.89%
Earnings Yield	10.09%	11.19%	14.16%	11.89%	9.72%	9.75%	10.13%	8.49%	9.30%	10.05%	9.63%
Enterprise Value to Invested Capital (EV/IC)	1.09	0.91	0.79	0.78	0.61	0.67	0.71	0.82	0.83	0.77	0.79
Enterprise Value to Revenue (EV/Rev)	4.56	4.36	3.33	3.28	2.78	3.38	4.30	5.69	5.47	4.69	4.47
Enterprise Value to EBITDA (EV/EBITDA)	7.75	7.52	5.96	6.44	5.99	7.63	9.57	12.17	11.19	9.60	9.42
Enterprise Value to EBIT (EV/EBIT)	9.65	9.25	7.12	7.55	6.91	8.69	11.03	14.10	13.13	11.29	11.17
Enterprise Value to NOPAT (EV/NOPAT)	10.99	10.65	8.29	8.83	8.06	10.23	13.08	16.85	15.93	13.71	13.58
Enterprise Value to Operating Cash Flow (EV/OCF)	5.10	6.85	5.59	5.54	8.75	7.34	11.09	219.49	13.84	17.97	20.42
Enterprise Value to Free Cash Flow (EV/FCFF)	2.50	0.00	18.36	7.68	142.46	11.87	0.00	0.00	0.00	0.00	8.95
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.42	0.66	0.44	0.50	0.47	0.59	0.89	1.13	1.09	0.94	0.82
Long-Term Debt to Equity	0.42	0.66	0.44	0.50	0.47	0.59	0.89	1.13	1.09	0.94	0.82
Financial Leverage	0.49	0.43	0.43	0.54	0.45	0.62	0.67	0.83	0.79	0.77	0.86
Leverage Ratio	8.94	9.71	10.30	10.74	10.43	10.49	10.32	10.65	10.60	10.41	10.38
Compound Leverage Factor	8.94	9.71	10.30	10.74	10.43	10.49	10.32	10.65	10.60	10.41	10.38
Debt to Total Capital	29.51%	39.59%	30.58%	33.49%	32.17%	37.20%	47.15%	53.12%	52.13%	48.34%	45.13%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	29.51%	39.59%	30.58%	33.49%	32.17%	37.20%	47.15%	53.12%	52.13%	48.34%	45.13%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	70.49%	60.41%	69.42%	66.51%	67.83%	62.80%	52.85%	46.88%	47.87%	51.66%	54.87%
Debt to EBITDA	2.10	3.28	2.30	2.76	3.15	4.24	6.38	7.84	7.02	6.04	5.38
Net Debt to EBITDA	0.76	1.21	0.89	0.31	-1.66	-0.02	2.34	3.66	3.63	2.64	2.22
Long-Term Debt to EBITDA	2.10	3.28	2.30	2.76	3.15	4.24	6.38	7.84	7.02	6.04	5.38
Debt to NOPAT	2.97	4.64	3.19	3.78	4.23	5.68	8.72	10.86	9.99	8.63	7.75
Net Debt to NOPAT	1.08	1.71	1.23	0.42	-2.23	-0.03	3.20	5.07	5.18	3.76	3.20
Long-Term Debt to NOPAT	2.97	4.64	3.19	3.78	4.23	5.68	8.72	10.86	9.99	8.63	7.75
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	384	-270	-33	33	-64	10	-389	-602	-534	-305	66
Operating Cash Flow to CapEx	1,949.84%	1,082.50%	5,358.57%	4,318.34%	-3,087.29%	2,270.82%	1,493.21%	-487.78%	766.20%	989.67%	72.19%
Free Cash Flow to Firm to Interest Expense	21.02	-9.83	-1.00	0.83	-1.45	0.21	-7.68	-11.97	-11.14	-6.56	1.49
Operating Cash Flow to Interest Expense	0.99	0.86	1.04	1.97	-1.27	1.18	0.33	-0.23	0.81	0.52	0.13
Operating Cash Flow Less CapEx to Interest Expense	0.94	0.78	1.02	1.92	-1.31	1.13	0.30	-0.28	0.70	0.46	-0.05
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03
Fixed Asset Turnover	1.78	1.82	1.86	1.85	1.79	1.77	1.79	1.79	1.84	1.84	1.82
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,058	1,243	1,102	1,096	1,140	1,255	1,515	1,718	1,696	1,581	1,471
Invested Capital Turnover	0.20	0.24	0.25	0.24	0.23	0.20	0.19	0.18	0.18	0.18	0.17
Increase / (Decrease) in Invested Capital	-357	296	58	-15	82	11	413	622	556	326	-44
Enterprise Value (EV)	1,154	1,129	875	857	698	840	1,072	1,416	1,410	1,213	1,163
Market Capitalization	1,041	948	745	816	892	843	809	990	952	880	889
Book Value per Share	$23.24	$23.92	$24.74	$23.86	$25.61	$26.02	$26.45	$26.61	$26.79	$26.87	$26.72
Tangible Book Value per Share	$16.83	$17.38	$18.12	$17.17	$18.85	$19.29	$19.73	$19.89	$20.10	$20.20	$20.02
Total Capital	1,058	1,243	1,102	1,096	1,140	1,255	1,515	1,718	1,696	1,581	1,471
Total Debt	312	492	337	367	367	467	715	912	884	764	664
Total Long-Term Debt	312	492	337	367	367	467	715	912	884	764	664
Net Debt	113	182	130	41	-194	-2.72	263	426	458	333	274
Capital Expenditures (CapEx)	0.93	2.18	0.64	1.82	1.83	2.57	1.10	2.41	5.07	2.42	8.24
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	312	492	337	367	367	467	715	912	884	764	664
Total Depreciation and Amortization (D&A)	7.39	6.31	2.86	2.89	3.44	4.27	4.30	3.91	6.18	4.56	4.71
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.87	$0.83	$0.81	$0.60	$0.58	$0.71	$0.81	$0.68	$0.72	$0.71	$0.72
Adjusted Weighted Average Basic Shares Outstanding	31.39M	30.92M	30.53M	30.20M	30.26M	30.28M	30.27M	30.31M	30.39M	30.21M	30.08M
Adjusted Diluted Earnings per Share	$0.86	$0.83	$0.81	$0.60	$0.58	$0.71	$0.81	$0.68	$0.71	$0.71	$0.72
Adjusted Weighted Average Diluted Shares Outstanding	31.39M	30.92M	30.53M	30.20M	30.26M	30.28M	30.27M	30.31M	30.39M	30.21M	30.08M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	31.39M	30.92M	30.53M	30.20M	30.26M	30.28M	30.27M	30.31M	30.39M	30.21M	30.08M
Normalized Net Operating Profit after Tax (NOPAT)	28	26	25	18	17	22	25	21	22	22	22
Normalized NOPAT Margin	40.92%	39.82%	38.67%	28.78%	30.39%	34.11%	37.86%	32.25%	33.02%	33.57%	32.85%
Pre Tax Income Margin	47.27%	46.76%	45.76%	33.64%	34.26%	41.43%	45.86%	39.15%	40.08%	40.93%	39.95%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.75	1.11	0.89	0.54	0.44	0.53	0.59	0.50	0.55	0.56	0.60
NOPAT to Interest Expense	1.51	0.95	0.76	0.46	0.39	0.44	0.49	0.41	0.45	0.46	0.49
EBIT Less CapEx to Interest Expense	1.70	1.03	0.87	0.50	0.40	0.48	0.57	0.45	0.45	0.51	0.41
NOPAT Less CapEx to Interest Expense	1.46	0.87	0.74	0.42	0.35	0.38	0.47	0.36	0.35	0.41	0.31
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	42.79%	42.36%	42.38%	45.86%	50.27%	52.92%	53.29%	52.23%	49.30%	49.36%	50.99%
Augmented Payout Ratio	74.88%	86.03%	95.43%	109.05%	101.95%	89.39%	67.73%	59.60%	51.00%	49.36%	63.92%

Key Financial Trends

Southside Bancshares Inc. (NASDAQ: SBSI) has demonstrated steady earnings growth over the last four years, with notable stability in net income and consistent dividend payments. The company has managed to gradually increase both its loan and lease interest income and investment securities interest income, forming a solid base for net interest income. However, some headwinds around operating cash flow and deposit growth merit consideration.

Consolidated net income has grown from approximately $17.3 million in Q4 2023 to $21.8 million in Q2 2025, reflecting improving profitability.
Basic and diluted earnings per share (EPS) have steadily increased from around $0.58 in Q4 2023 to $0.72 in Q2 2025, indicating good earnings growth on a per-share basis.
Net interest income has remained strong, increasing from roughly $53 million in early 2023 to $54.3 million in Q2 2025, supported by stable loan and lease interest income.
The company consistently pays dividends, maintaining a steady cash dividend per share of about $0.36 since early 2024, which is attractive to income-focused investors.
Total assets have grown moderately over the period, from approximately $7.8 billion in Q1 2023 to about $8.3 billion by Q2 2025, showing asset base expansion.
Loans and leases net of allowance have increased to over $4.55 billion in Q2 2025 from approximately $4.1 billion in Q1 2023, indicating growth in lending activities.
Allowance for loan and lease losses has remained fairly steady, suggesting cautious credit risk management despite growth in loan balances.
The company’s provision for credit losses fluctuates but remains relatively small compared to net income, implying stable credit quality over recent years.
Net cash from continuing operating activities dropped substantially in Q2 2025 to about $5.9 million from $23.9 million in Q1 2025, reflecting increased operating working capital demands or timing differences.
Net change in deposits has shown volatility, with a significant decrease in Q1 2025 (-$63.4 million) followed by sizable increases in subsequent quarters. This volatility may impact liquidity management.

Summary: Southside Bancshares exhibits a positive earnings trajectory, supported by stable core net interest income and moderate asset growth. The company maintains consistent dividend payments, appealing to shareholders seeking income with capital growth potential. However, the recent decline in operating cash flow and fluctuations in deposit changes suggest some operational volatility, warranting monitoring of liquidity and working capital management. Overall, Southside Bancshares shows solid financial health with optimistic earnings growth prospects.

08/02/25 05:04 PMAI Generated. May Contain Errors.

Frequently Asked Questions About Southside Bancshares' Financials

When does Southside Bancshares' financial year end?

According to the most recent income statement we have on file, Southside Bancshares' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Southside Bancshares' net income changed over the last 10 years?

Southside Bancshares' net income appears to be on an upward trend, with a most recent value of $88.49 million in 2024, rising from $20.83 million in 2014. The previous period was $86.69 million in 2023. See where experts think Southside Bancshares is headed by visiting Southside Bancshares' forecast page.

How has Southside Bancshares' revenue changed over the last 10 years?

Over the last 10 years, Southside Bancshares' total revenue changed from $131.31 million in 2014 to $257.86 million in 2024, a change of 96.4%.

How much debt does Southside Bancshares have?

Southside Bancshares' total liabilities were at $7.71 billion at the end of 2024, a 2.6% increase from 2023, and a 75.8% increase since 2014.

How much cash does Southside Bancshares have?

In the past 10 years, Southside Bancshares' cash and equivalents has ranged from $54.29 million in 2015 to $122.02 million in 2023, and is currently $91.41 million as of their latest financial filing in 2024.

How has Southside Bancshares' book value per share changed over the last 10 years?

Over the last 10 years, Southside Bancshares' book value per share changed from 22.48 in 2014 to 26.79 in 2024, a change of 19.2%.

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This page (NASDAQ:SBSI) was last updated on 8/2/2025 by MarketBeat.com Staff

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Southside Bancshares (SBSI) Financials

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Southside Bancshares (SBSI) Financials

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