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.
Quarterly Income Statements for Southside Bancshares
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 |
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 |
Annual Cash Flow Statements for Southside Bancshares
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 |
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 |
Quarterly Cash Flow Statements for Southside Bancshares
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 |
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 |
Annual Balance Sheets for Southside Bancshares
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 |
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 |
Quarterly Balance Sheets for Southside Bancshares
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 |
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 |
Annual Metrics And Ratios for Southside Bancshares
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 |
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% |
Quarterly Metrics And Ratios for Southside Bancshares
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 |
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 (NYSE: SBSI) has demonstrated steady financial performance over the past four years, as reflected in its income statements, balance sheets, and cash flow statements through Q2 2025. Here is an analysis highlighting the key trends and important metrics for retail investors.
- Consistent Net Income Growth: The company showed a steady increase in quarterly net income from $17.3 million in Q4 2023 to $21.8 million by Q2 2025, indicating improving profitability.
- Stable Earnings Per Share (EPS): Basic and diluted EPS have grown modestly from about $0.58 in late 2023 to $0.72 in Q2 2025, reflecting steady earnings relative to share count.
- Increase in Total Revenue: Total revenue rose from roughly $56.9 million in Q4 2023 to $66.4 million in Q2 2025, driven primarily by net interest income and non-interest income growth.
- Strong Net Interest Income: Net interest income has remained strong and relatively stable, increasing slightly from $53 million in early 2023 to $54.3 million in Q2 2025, supported by growth in loans and leases interest income.
- Loan Portfolio Growth: Loans and leases increased over four years from approximately $4.15 billion in Q1 2023 to over $4.6 billion in Q2 2025, showing expansion in lending activities.
- Controlled Loan Loss Provisions: The provision for loan losses has generally been modest and managed tightly, often below 1% of loan balances, indicating disciplined credit risk management.
- Healthy Deposit Growth: Total deposits increased meaningfully, with interest-bearing deposits rising from around $4.29 billion in Q1 2023 to over $5.26 billion by Q2 2025, supporting asset growth and liquidity.
- Rising Long-Term Debt Levels: Long-term debt rose from roughly $492 million in Q1 2023 to around $664 million in Q2 2025, indicating increased leverage which requires monitoring.
- Sizable Investment Securities Activity: The bank actively manages its investment securities with large purchases and sales in each quarter. This can impact cash flows and interest income volatility.
- Decline in Non-Interest Income in Some Quarters: Net realized and unrealized capital gains on investments fluctuated significantly, with occasional losses such as in Q4 2023, which reduced total non-interest income.
- Increasing Non-Interest Expense: Non-interest expenses, including salaries, occupancy, and other operating costs, have generally increased from about $33.5 million in early 2023 to approximately $39.3 million in Q2 2025, which could pressure margins if not matched by revenue growth.
Summary: Southside Bancshares has maintained solid profitability with growing net income and EPS supported by a growing loan portfolio and strong net interest income. Deposit growth remains robust, providing stability for funding. However, the company has experienced rising expenses and some volatility in non-interest income, especially from investment-related gains and losses, which investors should monitor. Increased long-term debt and sizeable investment activities also present a moderate risk requiring attention.
Overall, Southside Bancshares appears to be on a stable growth path, balancing credit risk and expanding its core banking operations, while carefully managing expenses and capital. Retail investors may find the fundamentals encouraging, but should watch expense trends and investment income volatility going forward.
08/22/25 10:58 PMAI Generated. May Contain Errors.