Southside Bancshares Inc - Understand $sbsi stock

$SBSI Market Cap: $1.06 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$312.6M

TTM

Gross Margin

Net Earnings

$84.02M

TTM

Current Assets

Current Liabilities

$121.7M

Q3 2024

Current Ratio

Total Assets

$8.362B

Q3 2024

Total Liabilities

$7.557B

Q3 2024

Book Value

$805.3M

Q3 2024

Cash

$486.3M

Q3 2024

P/E

12.61

Nov 29, 2024 EST

Free Cash Flow

-$1.493M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994
Revenue	$359.7M	$253.0M	$216.0M	$231.8M	$240.8M	$229.2M	$187.5M	$168.9M	$154.5M	$123.8M	$119.6M	$116.0M	$131.0M	$131.4M
YoY Change	42.2%	17.13%	-6.83%	-3.72%	5.07%	22.24%	10.99%	9.31%	24.85%	3.49%	3.09%	-11.46%	-0.26%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue	$359.7M	$253.0M	$216.0M	$231.8M	$240.8M	$229.2M	$187.5M	$168.9M	$154.5M	$123.8M	$119.6M	$116.0M	$131.0M	$131.4M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$10.58M	$11.11M	$11.42M	$12.08M	$12.11M	$14.05M	$10.21M	$9.084M	$8.624M	$3.458M	$3.844M	$3.600M	$3.400M	$3.200M	$2.900M	$2.500M	$2.300M	$2.300M	$2.200M	$2.300M	$2.400M	$2.300M	$2.000M	$1.700M	$1.500M	$1.400M	$1.200M	$1.000M	$1.600M	$1.800M
YoY Change	-4.75%	-2.77%	-5.49%	-0.22%	-13.77%	37.59%	12.37%	5.33%	149.39%	-10.04%	6.78%	5.88%	6.25%	10.34%	16.0%	8.7%	0.0%	4.55%	-4.35%	-4.17%	4.35%	15.0%	17.65%	13.33%	7.14%	16.67%	20.0%	-37.5%	-11.11%	-21.74%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Interest Expense	$144.7M	$40.64M	$26.43M	$44.56M	$70.98M	$57.10M	$43.50M	$29.35M	$19.85M	$16.96M	$17.97M	$26.90M	$35.63M	$45.31M
YoY Change	256.09%	53.76%	-40.69%	-37.22%	24.31%	31.25%	48.23%	47.82%	17.09%	-5.63%	-33.19%	-24.52%	-21.36%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994
Pretax Income	$101.1M	$119.6M	$130.8M	$93.49M	$87.78M	$84.30M	$70.43M	$59.67M	$51.28M	$18.67M	$46.29M	$42.30M	$50.89M	$51.81M	$62.50M	$42.10M	$20.70M	$19.10M	$17.90M	$20.10M	$16.10M	$15.50M	$16.20M	$12.50M	$9.900M	$6.600M	$6.700M	$5.600M	$6.200M	$4.700M
YoY Change	-15.47%	-8.56%	39.94%	6.51%	4.12%	19.69%	18.03%	16.38%	174.66%	-59.67%	9.42%	-16.87%	-1.79%	-17.1%	48.46%	103.38%	8.38%	6.7%	-10.95%	24.84%	3.87%	-4.32%	29.6%	26.26%	50.0%	-1.49%	19.64%	-9.68%	31.91%	-12.96%
Income Tax	$14.44M	$14.61M	$17.43M	$11.34M	$13.22M	$10.16M	$16.12M	$10.33M	$7.279M	-$2.164M	$5.097M	$7.608M	$10.39M	$11.76M	$16.60M	$11.30M	$4.000M	$4.100M	$3.300M	$4.000M	$2.600M	$2.200M	$3.500M	$2.700M	$2.000M	$1.200M	$1.700M	$1.400M	$1.700M	$1.200M
% Of Pretax Income	14.28%	12.21%	13.32%	12.13%	15.06%	12.06%	22.89%	17.3%	14.2%	-11.59%	11.01%	17.98%	20.43%	22.69%	26.56%	26.84%	19.32%	21.47%	18.44%	19.9%	16.15%	14.19%	21.6%	21.6%	20.2%	18.18%	25.37%	25.0%	27.42%	25.53%
Net Earnings	$86.69M	$105.0M	$113.4M	$82.15M	$74.55M	$74.14M	$54.31M	$49.35M	$44.00M	$20.83M	$41.19M	$34.70M	$39.13M	$39.10M	$44.40M	$30.70M	$16.70M	$15.00M	$14.60M	$16.10M	$13.60M	$13.30M	$11.70M	$9.800M	$7.900M	$5.400M	$5.000M	$4.200M	$4.500M	$3.500M
YoY Change	-17.45%	-7.39%	38.04%	10.19%	0.56%	36.5%	10.06%	12.16%	111.19%	-49.42%	18.72%	-11.34%	0.08%	-11.93%	44.63%	83.83%	11.33%	2.74%	-9.32%	18.38%	2.26%	13.68%	19.39%	24.05%	46.3%	8.0%	19.05%	-6.67%	28.57%	-12.5%
Net Earnings / Revenue	24.1%	41.51%	52.5%	35.44%	30.96%	32.35%	28.97%	29.22%	28.47%	16.83%	34.44%	29.9%	29.86%	29.76%
Basic Earnings Per Share	$2.82	$3.27	$3.48	$2.47	$2.21	$2.12	$1.82	$1.82	$1.61	$0.99	$2.09	$1.82	$2.16	$2.25
Diluted Earnings Per Share	$2.82	$3.256M	$3.47	$2.47	$2.20	$2.11	$1.81	$1.81	$1.61	$0.99	$2.09	$1.82	$2.16	$2.25	$2.056M	$1.428M	$780.4K	$704.2K	$691.9K	$755.9K	$670.0K	$652.0K	$546.7K	$544.4K	$446.3K	$298.3K	$276.2K	$232.0K	$251.4K	$207.1K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$139.0M	$141.3M	$157.6M	$159.6M	$153.7M	$136.0M	$133.6M	$106.0M	$107.9M	$112.9M	$52.10M	$50.10M	$50.60M	$50.10M	$46.50M	$42.70M	$40.20M	$32.60M	$33.60M	$30.30M	$30.60M	$30.10M	$27.70M	$25.50M	$21.30M	$19.20M	$17.60M	$13.70M	$11.70M	$9.900M
YoY Change	-1.63%	-10.37%	-1.25%	3.84%	13.01%	1.8%	26.04%	-1.76%	-4.43%	116.7%	3.99%	-0.99%	1.0%	7.74%	8.9%	6.22%	23.31%	-2.98%	10.89%	-0.98%	1.66%	8.66%	8.63%	19.72%	10.94%	9.09%	28.47%	17.09%	18.18%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$9.691M	$11.18M	$11.80M	$11.90M	$12.30M	$12.10M
YoY Change	-13.33%	-5.25%	-0.84%	-3.25%	1.65%
Other Assets	$30.43M	$34.70M			$0.00	$9.800M	$12.20M	$28.90M	$19.90M	$12.70M	$18.40M	$4.100M	$0.00	$6.600M	$1.600M	$2.900M	$4.300M	$8.700M	$3.200M	$2.400M	$0.00		$0.00	$2.900M	$6.200M	$0.00	$500.0K	$500.0K	$400.0K	$1.900M
YoY Change	-12.3%				-100.0%	-19.67%	-57.79%	45.23%	56.69%	-30.98%	348.78%		-100.0%	312.5%	-44.83%	-32.56%	-50.57%	171.88%	33.33%				-100.0%	-53.23%		-100.0%	0.0%	25.0%	-78.95%
Total Long-Term Assets
YoY Change
Total Assets	$8.285B	$7.559B	$7.260B	$7.008B	$6.749B	$6.124B	$6.498B	$5.564B	$5.162B	$4.807B	$3.446B	$3.237B	$3.304B	$3.000B	$3.024B	$2.700B	$2.196B	$1.891B	$1.784B	$1.620B	$1.455B	$1.349B	$1.277B	$1.152B	$1.013B	$876.3M	$571.2M	$482.7M	$448.7M	$426.2M
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$16.70M	$17.07M	$16.70M	$16.70M	$10.20M
YoY Change	-2.14%	2.22%	0.0%	63.73%
Deferred Revenue
YoY Change
Short-Term Debt	$509.8M	$221.2M	$23.20M	$23.20M	$28.40M	$36.80M	$9.500M	$7.100M	$2.400M	$4.200M	$900.0K	$1.200M	$3.200M	$6.500M	$16.10M	$12.50M	$9.500M	$7.300M	$4.600M	$11.00M	$6.100M	$18.40M	$28.40M	$7.300M	$4.800M	$5.700M	$5.500M	$6.800M	$4.600M	$0.00
YoY Change	130.53%	853.25%	0.0%	-18.31%	-22.83%	287.37%	33.8%	195.83%	-42.86%	366.67%	-25.0%	-62.5%	-50.77%	-59.63%	28.8%	31.58%	30.14%	58.7%	-58.18%	80.33%	-66.85%	-35.21%	289.04%	52.08%	-15.79%	3.64%	-19.12%	47.83%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$526.5M	$17.07M	$16.70M	$16.70M	$10.20M	$36.80M	$9.500M	$7.100M	$2.400M	$4.200M	$900.0K	$1.200M	$3.200M	$6.500M	$16.10M	$12.50M	$9.500M	$7.300M	$4.600M	$11.00M	$6.100M	$18.40M	$28.40M	$7.300M	$4.800M	$5.700M	$5.500M	$6.800M	$4.600M
YoY Change	2984.5%	2.22%	0.0%	63.73%	-72.28%	287.37%	33.8%	195.83%	-42.86%	366.67%	-25.0%	-62.5%	-50.77%	-59.63%	28.8%	31.58%	30.14%	58.7%	-58.18%	80.33%	-66.85%	-35.21%	289.04%	52.08%	-15.79%	3.64%	-19.12%	47.83%
Long-Term Debt	$154.1M	$158.9M	$158.8M	$257.5M	$158.8M	$158.7M	$158.5M	$158.3M	$60.20M	$60.30M	$60.30M	$60.30M	$60.30M	$60.30M	$60.30M	$60.30M	$60.30M	$20.60M	$20.60M	$20.60M	$20.60M	$34.20M	$37.00M	$37.00M	$20.00M	$20.00M	$0.00	$0.00	$0.00	$0.00
YoY Change	-3.01%	0.09%	-38.33%	62.15%	0.06%	0.13%	0.13%	162.96%	-0.17%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	192.72%	0.0%	0.0%	0.0%	-39.77%	-7.57%	0.0%	85.0%	0.0%
Other Long-Term Liabilities	$85.33M	$81.17M	$64.60M	$55.10M	$66.60M	$52.60M	$43.20M	$37.30M	$52.20M	$45.60M	$24.40M	$46.10M	$33.80M	$20.40M	$20.40M	$25.30M	$23.10M	$18.40M	$17.50M	$12.80M	$9.100M	$14.60M	$8.300M	$6.700M	$6.600M	$14.00M	$5.500M	$4.200M	$8.700M	$5.600M
YoY Change	5.13%	25.65%	17.24%	-17.27%	26.62%	21.76%	15.82%	-28.54%	14.47%	86.89%	-47.07%	36.39%	65.69%	0.0%	-19.37%	9.52%	25.54%	5.14%	36.72%	40.66%	-37.67%	75.9%	23.88%	1.52%	-52.86%	154.55%	30.95%	-51.72%	55.36%
Total Long-Term Liabilities	$239.5M	$240.1M	$223.4M	$312.6M	$225.4M	$211.3M	$201.7M	$195.6M	$112.4M	$105.9M	$84.70M	$106.4M	$94.10M	$80.70M	$80.70M	$85.60M	$83.40M	$39.00M	$38.10M	$33.40M	$29.70M	$48.80M	$45.30M	$43.70M	$26.60M	$34.00M	$5.500M	$4.200M	$8.700M	$5.600M
YoY Change	-0.26%	7.48%	-28.53%	38.69%	6.67%	4.76%	3.12%	74.02%	6.14%	25.03%	-20.39%	13.07%	16.6%	0.0%	-5.72%	2.64%	113.85%	2.36%	14.07%	12.46%	-39.14%	7.73%	3.66%	64.29%	-21.76%	518.18%	30.95%	-51.72%	55.36%
Total Liabilities	$7.512B	$6.813B	$6.347B	$6.133B	$5.944B	$5.392B	$5.744B	$5.046B	$4.718B	$4.382B	$3.186B	$2.980B	$3.045B	$2.785B	$2.823B	$2.540B	$2.064B	$1.780B	$1.674B	$1.515B	$1.355B	$1.269B	$1.208B	$1.100B	$974.9M	$829.9M	$531.2M	$446.1M	$415.3M	$398.7M
YoY Change	10.26%	7.33%	3.5%	3.17%	10.24%	-6.12%	13.84%	6.94%	7.67%	37.53%	6.93%	-2.14%	9.32%	-1.32%	11.14%	23.04%	15.93%	6.34%	10.52%	11.83%	6.75%	5.02%	9.82%	12.85%	17.47%	56.23%	19.08%	7.42%	4.16%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Basic Shares Outstanding	30.70M shares	32.12M shares	32.56M shares	33.20M shares	33.75M shares	34.95M shares	29.84M shares	27.12M shares	27.29M shares	21.03M shares	19.71M shares	19.11M shares	18.14M shares	17.35M shares
Diluted Shares Outstanding	30.76M shares	32.25M shares	32.69M shares	33.28M shares	33.90M shares	35.12M shares	30.05M shares	27.25M shares	27.38M shares	21.14M shares	19.75M shares	19.12M shares	18.15M shares	17.38M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $1.0599 Billion

About SOUTHSIDE BANCSHARES INC

Southside Bancshares, Inc. is a bank holding company, which engages in the provision of financial services to individuals, businesses, municipal entities, and non-profit organizations. The company is headquartered in Tyler, Texas and currently employs 815 full-time employees. The firm operates through approximately 55 branches, 13 of which are located in grocery stores, in addition to wealth management and trust services, and/or loan production, brokerage or other financial services offices. The company is a community-focused financial institution that offers a full range of financial services to individuals, businesses, municipal entities and nonprofit organizations in the communities that it serves. Its consumer loan services include 1-4 family residential loans, home equity loans, home improvement loans, automobile loans and other consumer related loans. Its commercial loan services include commercial real estate loans and municipal loans. The firm's trust and wealth management services include investment management, administration of irrevocable, revocable and testamentary trusts, and custodian services, primarily for individuals and, to a lesser extent, partnerships and corporations.

Industry: State Commercial Banks Peers: 1ST SOURCE CORP Bancorp, Inc. Dime Community Bancshares, Inc. /NY/ FIRST COMMONWEALTH FINANCIAL CORP /PA/ GERMAN AMERICAN BANCORP, INC. National Bank Holdings Corp OCEANFIRST FINANCIAL CORP PNC FINANCIAL SERVICES GROUP, INC. S&T BANCORP INC TOMPKINS FINANCIAL CORP