NYSE : SBSI
Southside Bancshares, Inc. — Financial statements
Financials · Banks - Regional · United States
Last price 33.66 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.00B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 286.88M | 275.62M | 279.37M | 244.80M | 170.41M | 144.80M |
| Interest Income on Investments | 128.49M | 127.45M | 134.97M | 114.94M | 82.57M | 71.18M |
| Total Interest Income | 415.37M | 403.07M | 414.34M | 359.74M | 252.98M | 215.99M |
| Interest Paid on Deposits | 133.74M | 151.18M | 153.66M | 108.16M | 29.07M | 9.40M |
| Interest Paid on Borrowings | 49.07M | 30.81M | 44.55M | 36.56M | 11.56M | 17.03M |
| Total Interest Expense | 182.81M | 181.99M | 198.21M | 144.71M | 40.64M | 26.43M |
| Net Interest Income | 232.57M | 221.08M | 216.13M | 215.03M | 212.34M | 189.56M |
| Trust Income | 9.42M | 7.87M | 6.19M | 5.91M | 5.99M | 5.96M |
| Gain (Loss) on Sale of Investments | -7.56M | -32.10M | -2.56M | -10.85M | -4.50M | 3.69M |
| Other Non-Interest Income | 17.73M | 15.31M | 13.64M | 14.71M | 12.99M | 11.68M |
| Total Non-Interest Income | 45.32M | 15.96M | 41.73M | 35.83M | 40.86M | 49.34M |
| Revenues Before Loan Losses | 277.89M | 237.04M | 257.86M | 250.86M | 253.20M | 238.89M |
| Provision for Loan Losses | 2.82M | 3.05M | 3.35M | 9.15M | 3.24M | -16.96M |
| Revenue | 275.07M | 233.99M | 254.51M | 241.71M | 249.96M | 255.86M |
| Salaries and Employee Benefits | 88.60M | 86.23M | 85.77M | 81.07M | 78.41M | 75.87M |
| Occupancy Expenses | 12.59M | 12.66M | 12.50M | 12.89M | 13.36M | 12.43M |
| Federal Deposit Insurance | 3.82M | 3.76M | 3.79M | 3.56M | 1.95M | 1.81M |
| Amortization of Goodwill & Intangibles | 511.00K | 742.00K | 1.17M | 1.70M | 2.27M | 2.85M |
| Selling, General & Administrative | 30.76M | 28.35M | 28.02M | 26.66M | 23.13M | 20.12M |
| Other Non-Interest Expense | 17.48M | 18.43M | 15.89M | 14.70M | 11.21M | 10.84M |
| Total Non-Interest Expense | 153.76M | 150.16M | 147.14M | 140.58M | 130.33M | 123.91M |
| EBT Excluding Unusual Items | 121.31M | 83.83M | 107.38M | 101.13M | 119.63M | 131.94M |
| Other Unusual Items | -1.99M | -1.20M | -1.12M | |||
| Pretax Income | 119.91M | 82.63M | 107.38M | 101.13M | 119.63M | 130.83M |
| Income Tax Expense | 20.85M | 13.41M | 18.88M | 14.44M | 14.61M | 17.43M |
| Net Income | 99.06M | 69.22M | 88.49M | 86.69M | 105.02M | 113.40M |
| Preferred Dividends & Other Adjustments | 54.00K | 41.00K | 57.00K | 38.00K | 27.00K | |
| Net Income to Common | 99.00M | 69.18M | 88.44M | 86.65M | 104.99M | 113.40M |
| Basic Shares Outstanding | 29.79M | 30.14M | 30.29M | 30.70M | 32.12M | 32.56M |
| Diluted Shares Outstanding | 29.90M | 30.23M | 30.37M | 30.76M | 32.25M | 32.69M |
| EPS (Basic) | 3.32 | 2.30 | 2.92 | 2.82 | 3.27 | 3.48 |
| EPS (Diluted) | 3.31 | 2.29 | 2.91 | 2.82 | 3.26 | 3.47 |
| Dividend Per Share | 1.45 | 1.44 | 1.44 | 1.40 | 1.36 | 1.31 |
| Effective Tax Rate | 17.39% | 16.23% | 17.59% | 14.28% | 12.21% | 13.32% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 436.38M | 389.79M | 426.16M | 560.51M | 199.25M | 201.75M |
| Investment Securities | 1.34B | 1.35B | 1.78B | 1.92B | 2.17B | 2.26B |
| Trading Asset Securities | 381.00K | 7.71M | 1.32M | 2.44M | 13.41M | |
| Mortgage-Backed Securities | 1.50B | 1.37B | 1.05B | 694.63M | 462.08M | 607.97M |
| Total Investments | 2.84B | 2.72B | 2.82B | 2.62B | 2.64B | 2.88B |
| Gross Loans | 4.96B | 4.82B | 4.66B | 4.52B | 4.15B | 3.65B |
| Allowance for Loan Losses | -46.86M | -45.10M | -44.88M | -42.67M | -36.52M | -35.27M |
| Net Loans | 4.91B | 4.77B | 4.62B | 4.48B | 4.11B | 3.61B |
| Property, Plant & Equipment | 168.23M | 164.69M | 155.51M | 153.79M | 156.57M | 157.58M |
| Goodwill | 201.12M | 201.12M | 201.12M | 201.12M | 201.12M | 201.12M |
| Other Intangible Assets | 650.00K | 1.01M | 1.75M | 2.92M | 4.62M | 6.89M |
| Loans Held for Sale | 969.00K | 1.33M | 1.95M | 10.89M | 667.00K | 1.68M |
| Accrued Interest Receivable | 37.42M | 41.81M | 46.72M | 50.49M | 49.35M | 39.15M |
| Long-Term Deferred Tax Assets | 42.05M | 27.06M | 34.49M | 30.43M | 34.70M | |
| Other Real Estate Owned & Foreclosed | 331.00K | 248.00K | 402.00K | 99.00K | 167.00K | |
| Other Long-Term Assets | 181.70M | 179.60M | 174.90M | 165.41M | 154.91M | 146.81M |
| Total Assets | 8.87B | 8.51B | 8.52B | 8.28B | 7.56B | 7.26B |
| Interest Bearing Deposits | 4.61B | 4.73B | 4.75B | 4.77B | 4.29B | 3.83B |
| Institutional Deposits | 698.26M | 551.12M | 393.54M | 234.20M | 245.14M | |
| Non-Interest Bearing Deposits | 1.40B | 1.43B | 1.36B | 1.39B | 1.67B | 1.64B |
| Total Deposits | 6.01B | 6.87B | 6.65B | 6.55B | 6.20B | 5.72B |
| Short-Term Borrowings | 36.70M | 13.21M | 21.53M | 18.25M | 21.05M | 2.19M |
| Current Portion of Long-Term Debt | 1.70B | 419.14M | 76.44M | 23.22M | ||
| Current Portion of Leases | 1.82M | |||||
| Other Current Liabilities | 19.00M | |||||
| Long-Term Debt | 147.63M | 239.68M | 92.04M | 603.70M | 319.83M | 98.53M |
| Federal Home Loan Bank Debt, Long-Term | 349.00K | 652.00K | 731.91M | 212.65M | 153.36M | 344.04M |
| Long-Term Leases | 13.79M | 12.52M | 15.78M | 16.70M | 17.07M | 16.68M |
| Trust Preferred Securities | 60.28M | 60.28M | 60.27M | 60.27M | 60.27M | 60.26M |
| Long-Term Deferred Tax Liabilities | 17.81M | |||||
| Other Long-Term Liabilities | 54.63M | 54.52M | 53.28M | 50.38M | 43.05M | 43.38M |
| Total Liabilities | 8.02B | 7.67B | 7.71B | 7.51B | 6.81B | 6.35B |
| Common Stock | 47.66M | 47.64M | 47.60M | 47.55M | 47.50M | 47.46M |
| Additional Paid-In Capital | 798.55M | 795.76M | 793.59M | 788.84M | 784.54M | 780.50M |
| Retained Earnings | 397.61M | 352.19M | 326.79M | 282.36M | 239.61M | 179.81M |
| Treasury Stock | -251.10M | -252.36M | -231.14M | -232.00M | -188.20M | -155.31M |
| Comprehensive Income & Other | -149.85M | -95.62M | -124.90M | -113.46M | -137.46M | 59.70M |
| Shareholders' Equity | 842.88M | 847.62M | 811.94M | 773.29M | 746.00M | 912.17M |
| Total Liabilities & Equity | 8.87B | 8.51B | 8.52B | 8.28B | 7.56B | 7.26B |
| Total Debt | 1.95B | 747.30M | 997.98M | 911.57M | 571.57M | 544.92M |
| Net Cash (Debt) | -1.52B | -349.80M | -570.50M | -348.61M | -372.31M | -329.76M |
| Net Cash Per Share | -50.74 | -11.57 | -18.79 | -11.33 | -11.54 | -10.09 |
| Filing Date Shares Outstanding | 29.78M | 29.74M | 30.39M | 30.26M | 31.39M | 32.36M |
| Total Common Shares Outstanding | 29.82M | 29.72M | 30.38M | 30.25M | 31.55M | 32.35M |
| Book Value Per Share | 28.27 | 28.52 | 26.73 | 25.56 | 23.65 | 28.20 |
| Tangible Book Value | 641.12M | 645.49M | 609.07M | 569.25M | 540.26M | 704.16M |
| Tangible Book Value Per Share | 21.50 | 21.72 | 20.05 | 18.82 | 17.13 | 21.77 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 99.06M | 69.22M | 88.49M | 86.69M | 105.02M | 113.40M |
| Depreciation & Amortization | 10.52M | 10.61M | 10.46M | 10.58M | 11.11M | 11.42M |
| Gain (Loss) on Sale of Assets | -177.00K | 1.87M | 255.00K | 281.00K | 536.00K | 150.00K |
| Gain (Loss) on Sale of Investments | 18.13M | 40.74M | 10.65M | 15.44M | 22.12M | 18.91M |
| Provision for Credit Losses | 2.82M | 3.05M | 3.35M | 9.15M | 3.24M | -16.96M |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | -472.00K | 614.00K | 956.00K | -2.13M | 1.02M | 2.01M |
| Accrued Interest Receivable | -2.01M | 4.92M | 3.77M | -1.14M | -10.21M | -437.00K |
| Change in Other Net Operating Assets | 41.54M | -44.29M | -19.29M | -47.69M | 89.23M | 21.81M |
| Other Operating Activities | 412.00K | -351.00K | -1.20M | -2.70M | -89.00K | 5.87M |
| Operating Cash Flow | 172.32M | 93.82M | 101.85M | 79.86M | 226.52M | 156.10M |
| Capital Expenditures | -17.78M | -20.34M | -11.16M | -6.90M | -9.30M | -8.37M |
| Sale of Property, Plant and Equipment | 573.00K | 322.00K | 20.00K | 430.00K | 1.36M | 1.86M |
| Investment in Securities | -353.34M | 127.78M | -224.04M | 69.26M | -129.38M | -198.42M |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -195.68M | -158.99M | -138.09M | -388.30M | -503.65M | 11.89M |
| Other Investing Activities | -37.10M | 16.73M | -9.86M | -1.76M | 5.97M | -1.79M |
| Investing Cash Flow | -603.04M | -34.22M | -382.86M | -327.07M | -634.78M | -194.01M |
| Long-Term Debt Issued | 4.04B | 8.14B | 2.31B | 3.52B | 15.00B | |
| Long-Term Debt Repaid | -4.28B | -8.06B | -1.96B | -3.51B | -15.59B | |
| Total Debt Repaid | -9.98B | -4.28B | -8.06B | -1.96B | -3.51B | -15.59B |
| Net Debt Issued (Repaid) | 1.40B | -241.13M | 84.08M | 343.59M | 7.25M | -588.55M |
| Issuance of Common Stock | 1.09M | 1.65M | 3.78M | 2.31M | 2.02M | 9.03M |
| Repurchase of Common Stock | -11.37M | -23.97M | -2.08M | -45.40M | -34.21M | -34.63M |
| Common Dividends Paid | -43.17M | -43.37M | -43.63M | -43.58M | -44.94M | -42.62M |
| Net Increase (Decrease) in Deposit Accounts | -947.81M | 210.85M | 104.51M | 351.55M | 475.63M | 789.97M |
| Financing Cash Flow | 400.19M | -95.97M | 146.66M | 608.47M | 405.76M | 131.25M |
| Net Cash Flow | -30.53M | -36.38M | -134.35M | 361.26M | -2.50M | 93.34M |
| Free Cash Flow | 154.53M | 73.48M | 90.69M | 72.96M | 217.22M | 147.74M |
| Free Cash Flow Margin | 56.18% | 31.40% | 35.63% | 30.19% | 86.90% | 57.74% |
| Free Cash Flow Per Share | 5.17 | 2.43 | 2.99 | 2.37 | 6.74 | 4.52 |
| Cash Interest Paid | 185.37M | 178.55M | 198.65M | 137.29M | 39.26M | 28.69M |
| Cash Income Tax Paid | 14.70M | 12.95M | 15.75M | 15.75M | 11.95M | 10.75M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.04B | 913.71M | 962.60M | 945.76M | 1.16B | 1.35B |
| Last Close Price | 33.66 | 29.38 | 29.24 | 27.52 | 30.20 | 33.88 |
| PE Ratio | 10.55 | 13.21 | 10.88 | 10.91 | 11.01 | 11.90 |
| PS Ratio | 3.64 | 3.90 | 3.78 | 3.91 | 4.62 | 5.28 |
| PB Ratio | 1.19 | 1.08 | 1.19 | 1.22 | 1.55 | 1.48 |
| P/FCF Ratio | 6.49 | 12.44 | 10.61 | 12.96 | 5.32 | 9.14 |
| P/OCF Ratio | 5.82 | 9.74 | 9.45 | 11.84 | 5.10 | 8.65 |
| Debt / Equity Ratio | 2.32 | 0.88 | 1.23 | 1.18 | 0.77 | 0.60 |
| Debt / FCF Ratio | 12.64 | 10.17 | 11.01 | 12.49 | 2.63 | 3.69 |
| Net Debt / Equity Ratio | 1.80 | 0.41 | 0.70 | 0.45 | 0.50 | 0.36 |
| Net Debt / FCF Ratio | 9.82 | 4.76 | 6.29 | 4.78 | 1.71 | 2.23 |
| Return on Equity (ROE) | 11.81% | 8.34% | 11.16% | 11.41% | 12.67% | 12.69% |
| Return on Assets (ROA) | 1.15% | 0.81% | 1.05% | 1.09% | 1.42% | 1.59% |
| Earnings Yield | 9.48% | 7.58% | 9.19% | 9.17% | 9.09% | 8.40% |
| FCF Yield | 15.42% | 8.04% | 9.42% | 7.71% | 18.80% | 10.95% |
| Dividend Yield | 4.24% | 4.68% | 4.54% | 4.48% | 3.71% | 3.14% |
| Payout Ratio | 44.70% | 62.66% | 49.30% | 50.27% | 42.79% | 37.58% |
| Buyback Yield / Dilution | 1.51% | 0.47% | 1.27% | 4.63% | 1.35% | 1.77% |
| Total Shareholder Return | 5.90% | 5.16% | 5.81% | 9.10% | 5.06% | 4.91% |