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Southside Bancshares (SBSI) Financials

Southside Bancshares logo
$31.17 -0.19 (-0.61%)
As of 03:39 PM Eastern
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Annual Income Statements for Southside Bancshares

Annual Income Statements for Southside Bancshares

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

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

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

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

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

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

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

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

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

Key Financial Trends

Southside Bancshares (NYSE:SBSI) has demonstrated steady financial performance with moderate growth and solid profitability over the past four years through Q2 2025.

Key Positive Developments:

  • Consistent net income growth: From $17.3M in Q4 2023 to $21.8M in Q2 2025, showing a steady upward trend in profitability.
  • Stable net interest income: Around $53-$55 million per quarter over recent years, supporting a reliable revenue foundation.
  • Controlled loan loss provisions: Generally low and manageable provisions, with occasional reversals indicating improving asset quality.
  • Growing loans and leases portfolio: Net loans increased from approximately $4.0B in 2022 to over $4.6B in Q2 2025, signalling business expansion.
  • Consistent dividend payments: Quarterly dividends stable at $0.34-$0.38 per share, reflecting shareholder return focus.
  • Strong cash flow from operating activities: Q2 2025 delivered $5.9M and Q1 2025 $23.9M in operating cash flow, indicating good cash generation.
  • Controlled non-interest expenses: Operating expenses grew modestly but remain well-managed relative to revenue, supporting profitability.
  • Adequate capital base: Common equity stands around $800M in recent quarters, providing a solid buffer and growth support.

Neutral Factors to Monitor:

  • Investment securities activity: Regular purchases and sales of investment securities with large volumes, common for a banking operation, but requires monitoring for interest rate impact.
  • Use of debt financing: Issuance and repayment of long-term debt fluctuate significantly quarter to quarter, impacting interest expense and cash flow dynamics.

Potential Challenges / Negative Signals:

  • Volatile changes in cash and equivalents: Sharp swings in cash balances, including a $40.9M decrease in Q2 2025, suggesting liquidity management requiring attention.
  • Significant net cash outflows in investing and financing activities in some quarters, such as Q4 2024 and Q1 2024, which may pressure cash reserves.
  • Relatively small unrealized capital losses on investments in some periods (e.g., Q4 2023), which could indicate sensitivity to market movements.
  • Fluctuating provision for credit losses: Though generally low, a few quarters show increased provisions, indicating some credit risk exposure in the loan portfolio.
  • Amortization and depreciation expenses are increasing over time, which could indicate growing fixed asset base and intangible assets, potentially raising future expense levels.

Summary: Southside Bancshares exhibits steady earnings growth with consistent net interest income and a growing loan book. The bank maintains a stable capital position and returns value to shareholders through dividends. While investment and financing cash flows show volatility, and some asset quality provisions fluctuate, overall the fundamentals remain solid. Investors should watch liquidity trends and credit risk dynamics as key areas for future developments.

08/29/25 04:01 PM ETAI Generated. May Contain Errors.

Financials Breakdown Chart

Frequently Asked Questions About Southside Bancshares' Financials

When does Southside Bancshares' financial year end?

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

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

Southside Bancshares' net income appears to be on an upward trend, with a most recent value of $88.49 million in 2024, rising from $20.83 million in 2014. The previous period was $86.69 million in 2023.

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

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

How much debt does Southside Bancshares have?

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

How much cash does Southside Bancshares have?

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

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

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


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This page (NYSE:SBSI) was last updated on 8/29/2025 by MarketBeat.com Staff
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