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Southside Bancshares, Inc. operates as the bank holding company for Southside Bank that provides various financial services to individuals, businesses, municipal entities, and nonprofit organizations. Its deposit products include savings, money market, and interest and noninterest bearing checking accounts, as well as certificates of deposit. The company offers consumer loan services, including 1-4 family residential, home equity, home improvement, automobile, and other consumer related loans; commercial loans, such as short-term working capital loans for inventory and accounts receivable, short and medium-term loans for equipment or other business capital expansion, commercial real estate loans, and municipal loans; and construction loans for 1-4 family residential and commercial real estate. It also provides trust and wealth management services comprising investment management, administration of irrevocable, revocable, and testamentary trusts, estate administration, and custodian services for individuals, partnerships, and corporations; brokerage services; and safe deposit services. In addition, the company offers retirement and employee benefit accounts consisting of plans and profit sharing plans; and telephone, internet, and mobile banking products. The company offers various banking services through branches, drive-thru facilities, loan production offices, automated teller machines, and interactive teller machines. Southside Bancshares, Inc. was founded in 1960 and is headquartered in Tyler, Texas.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $237M | - | $69M | $73M | 8.2% | -8.1% | -21.8% |
| 2024 | $258M | - | $88M | $91M | 10.9% | 2.8% | 2.1% |
| 2023 | $251M | - | $87M | $73M | 11.2% | -0.9% | -17.5% |
| 2022 | $253M | - | $105M | $217M | 14.1% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 253.20 | 250.86 | 257.86 | 237.04 |
| Operating Revenue | - | 253.20 | 250.86 | 257.86 | 237.04 |
| Selling General And Administration | - | 88.01 | 93.28 | 97.44 | 97.96 |
| Interest Income | - | 252.98 | 359.74 | 414.34 | 403.07 |
| Interest Expense | - | 40.64 | 144.71 | 198.21 | 181.99 |
| Net Interest Income | - | 212.34 | 215.03 | 216.13 | 221.08 |
| Pretax Income | - | 119.63 | 101.13 | 107.38 | 82.63 |
| Tax Provision | - | 14.61 | 14.44 | 18.88 | 13.41 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 105.02 | 86.69 | 88.49 | 69.22 |
| Net Income From Continuing And Discontinued Operation | - | 105.02 | 86.69 | 88.49 | 69.22 |
| Net Income From Continuing Operation Net Minority Interest | - | 105.02 | 86.69 | 88.49 | 69.22 |
| Net Income | - | 105.02 | 86.69 | 88.49 | 69.22 |
| Net Income Common Stockholders | - | 104.99 | 86.65 | 88.44 | 69.18 |
| Net Income Including Noncontrolling Interests | - | 105.02 | 86.69 | 88.49 | 69.22 |
| Normalized Income | - | 105.02 | 86.69 | 88.49 | 69.22 |
| Diluted NI Availto Com Stockholders | - | 104.99 | 86.65 | 88.44 | 69.18 |
| Basic Average Shares | - | 32.12 | 30.70 | 30.29 | 30.14 |
| Diluted Average Shares | - | 32.25 | 30.76 | 30.37 | 30.23 |
| Reconciled Depreciation | - | 11.10 | 10.58 | 10.46 | 10.61 |
| Total Unusual Items | -1.12 | 0 | 0 | - | - |
| Total Unusual Items Excluding Goodwill | -1.12 | 0 | 0 | - | - |
| Preferred Stock Dividends | - | 0.03 | 0.04 | 0.06 | 0.04 |
| Special Income Charges | -1.12 | 0 | 0 | - | - |
| Gain On Sale Of Security | - | -3.82 | -10.92 | -2.51 | -32.27 |
| Depreciation Amortization Depletion Income Statement | - | 2.27 | 1.70 | 1.17 | 0.74 |
| Depreciation And Amortization In Income Statement | - | 2.27 | 1.70 | 1.17 | 0.74 |
| General And Administrative Expense | - | 84.58 | 89.18 | 94.08 | 94.03 |
| Other Gand A | 7.91 | - | - | - | - |
| Salaries And Wages | - | 82.63 | 85.62 | 90.29 | 90.27 |
| Insurance And Claims | - | 1.94 | 3.56 | 3.79 | 3.76 |
| Selling And Marketing Expense | - | 3.43 | 4.09 | 3.36 | 3.93 |
| Amortization | - | 2.27 | 1.70 | 1.17 | 0.74 |
| Amortization Of Intangibles Income Statement | - | 2.27 | 1.70 | 1.17 | 0.74 |
| Occupancy And Equipment | - | 15.13 | 14.69 | 14.35 | 14.50 |
| Professional Expense And Contract Services Expense | - | 4.96 | 5.35 | 5.08 | 5.72 |
| Other Non Interest Expense | - | 19.96 | 25.56 | 29.09 | 32.44 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Southside Bancshares, Inc.this co. | SBSI | $980M | 14.15↑ premium | 1.16 | 8.2% | - |
| Safety Insurance Group, Inc. | SAFT | $1.0B | 10.16 | 1.12 | 11.1% | - |
| Virtus Investment Partners, Inc. | VRTS | $995M | 7.19 | 1.06 | 14.8% | 8.13 |
| Universal Insurance Holdings, Inc. | UVE | $990M | 5.41 | 1.80 | 33.2% | - |
| Burford Capital Limited | BUR |
| - |
| - |
| - |
| - |
| - |
| - |
| $975M |
| 15.58 |
| 0.40 |
| 2.6% |
| - |
| Capitol Federal Financial, Inc. | CFFN | $973M | 14.30 | 0.93 | 6.5% | - |
| Horizon Bancorp, Inc. | HBNC | $961M | -6.39 | 1.40 | -21.9% | - |
| MetroCity Bankshares, Inc. | MCBS | $960M | 14.01 | 1.76 | 12.6% | - |
| Trupanion, Inc. | TRUP | $949M | 48.82 | 2.47 | 5.1% | 17.88 |
| Peer Median | - | 12.09 | 1.26 | 8.8% | 13.01 | |