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 Inc. (NASDAQ:SBSI) has demonstrated consistent profitability and growth over the last several years, based on the analysis of its quarterly financial statements through Q2 2025. Here are the key trends and considerations for investors:
- Net income has shown a steady upward trend, with Q2 2025 net income at $21.8 million, slightly improving from $21.5 million in Q1 2025 and significantly higher compared to prior years (e.g., $17.3 million in Q4 2023).
- Net interest income remains robust and stable, reflecting strong interest income from loans and leases (around $67 million in Q2 2025) surpassing total interest expense, evidencing good net interest margin management.
- Consistent dividend payments to common shareholders at $0.36 per share in recent quarters, showing a stable shareholder return policy.
- The bank's loan portfolio has been growing steadily, with net loans and leases increasing from approximately $4.1 billion in Q1 2023 to about $4.6 billion by Q2 2025, indicating lending growth and potential future interest income expansion.
- Total assets have increased modestly over the periods, moving from approximately $7.8 billion in Q2 2022 to about $8.3 billion in Q2 2025, reflecting organic growth and asset accumulation.
- Allowance for loan and lease losses has fluctuated but generally remained stable around $40-$44 million, reflecting a measured approach to credit risk within the underwriting process.
- Non-interest income has been relatively stable, with some fluctuations in realized and unrealized capital gains; however, it is a smaller portion of revenue compared to interest income.
- Capital structure appears solid, with total common equity around $800 million in recent quarters and a strong equity position supporting growth activities.
- Provision for credit losses has varied over the years, with elevated levels in some quarters (e.g., $7 million in Q3 2023), which could signal some asset quality concerns or more conservative reserving in uncertain times.
- Fluctuations in net cash from investing activities, including large purchases and sales of investment securities, create volatility in cash flow, potentially impacting liquidity management.
Summary: Southside Bancshares has shown solid earnings growth and a stable financial position with a consistently growing loan portfolio and assets. The bank maintains steady net interest income and pays reliable dividends, which are positive indicators for shareholders. However, investors should monitor credit loss provisions and cash flow volatility from investment activities as potential risks. Overall, the company's financial health seems strong with a positive growth outlook over the recent four-year period.
10/23/25 09:26 AM ETAI Generated. May Contain Errors.