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SBSI

Southside Bancshares, Inc.

SBSI

Southside Bancshares, Inc. • NASDAQ
$29.33 ▼ -0.27% (-0.08)
Market Cap $881.84 M
52w High $35.99
52w Low $25.85
Dividend Yield 1.44%
P/E 12.75
Volume 72.91K
Outstanding Shares 30.07M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $118.496M ▲ $21.282M ▼ $4.913M ▼ 4.146% ▼ $0.16 ▼ $45.97M ▲
Q2-2025 $110.302M ▲ $38.852M ▲ $21.813M ▲ 19.776% ▲ $0.72 ▲ $29.227M ▲
Q1-2025 $110.133M ▼ $36.711M ▼ $21.507M ▼ 19.528% ▲ $0.71 ▼ $28.843M ▼
Q4-2024 $115.075M ▲ $39.264M ▲ $21.786M ▲ 18.932% ▲ $0.72 ▲ $29.386M ▲
Q3-2024 $113.462M $35.92M $20.524M 18.089% $0.68 $27.47M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.484B ▲ $8.383B ▲ $7.548B ▲ $834.85M ▲
Q2-2025 $504.9M ▼ $8.34B ▼ $7.533B ▲ $807.2M ▼
Q1-2025 $1.855B ▲ $8.343B ▼ $7.527B ▼ $816.623M ▲
Q4-2024 $1.485B ▼ $8.517B ▲ $7.706B ▲ $811.942M ▲
Q3-2024 $1.872B $8.362B $7.557B $805.254M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $4.913M ▼ $40.202M ▲ $-17.779M ▼ $54.394M ▲ $76.817M ▲ $37.661M ▲
Q2-2025 $21.813M ▲ $5.945M ▼ $13.551M ▼ $-60.372M ▲ $-40.876M ▼ $-2.29M ▼
Q1-2025 $21.507M ▼ $23.94M ▼ $172.051M ▲ $-191.181M ▼ $4.81M ▲ $21.521M ▼
Q4-2024 $21.786M ▲ $38.808M ▲ $-250.233M ▼ $151.289M ▲ $-60.136M ▼ $33.74M ▲
Q3-2024 $20.524M $-11.736M $13.808M $32.229M $34.301M $-14.159M

Five-Year Company Overview

Income Statement

Income Statement Southside’s income statement shows a steady, traditional bank story. Revenue has been trending upward over the last several years, helped by higher interest income, while core profit margins have held fairly stable. That suggests decent pricing power and reasonable cost control. However, net earnings have not grown as fast as revenue. Profit per share peaked a few years ago and has since cooled, then recovered modestly. This points to some pressure from funding costs, credit provisions, or operating expenses as the rate environment shifted. Overall profitability looks solid rather than spectacular, with no obvious signs of distress but also no sharp acceleration in earnings. In short, the bank appears consistently profitable, but earnings growth has been uneven and sensitive to the interest rate cycle.

Balance Sheet

Balance Sheet The balance sheet reflects a growing regional bank with a larger asset base each year, which is typical for an expanding franchise. Loans and investments are being built on top of a reasonably sized equity cushion, so the capital base has grown alongside the business rather than being diluted. Debt funding has increased compared with earlier years, which is common as banks optimize their mix of deposits, borrowings, and capital. The key question is how well this funding is matched to the bank’s loan and securities profile in different rate environments. Cash levels have moved around from year to year, which likely reflects active balance sheet management rather than structural weakness. Overall, the balance sheet looks like that of a mature community/regional bank: adequately capitalized, somewhat more leveraged over time, and dependent on careful interest rate and credit risk management.

Cash Flow

Cash Flow Cash flow from operations has been positive but somewhat volatile, which is typical in banking given swings in loan demand, deposit flows, and securities activity. The bank has produced cash well in excess of its modest investment spending, leaving room for dividends, debt service, and other capital uses. Free cash flow closely tracks operating cash flow because capital expenditures are low and stable. This indicates a business model that is not especially capital‑intensive on the physical side, with most “investment” occurring through lending and securities rather than buildings or equipment. The main takeaway: Southside reliably generates cash, but the level can move meaningfully from year to year as the rate and credit environment shifts, so it’s important to view cash flow over a multi‑year span rather than in isolation.

Competitive Edge

Competitive Edge Southside is a classic Texas community and regional bank, leaning heavily on local relationships, service, and long tenure in its markets. Its primary strengths are familiarity with local customers, a reputation built over decades, and a broad offering that spans retail, business, and wealth services. This creates stickiness: many customers value being known by name and having direct access to decision‑makers. At the same time, the bank operates in a competitive field. Large national banks and aggressive digital players have more scale, deeper technology budgets, and broader brand recognition. Southside’s “moat” is therefore more about trust, service, and community roots than about unique products or proprietary technology. The Texas footprint is a structural advantage, given long‑term population and business growth in the region. The risk is that, as markets become more attractive, larger rivals intensify their focus and compress spreads or take share unless Southside continues improving its offering and maintaining service quality.

Innovation and R&D

Innovation and R&D Southside is not trying to be a fintech disruptor; it is layering modern tools onto a traditional community banking base. The creation of an internal Innovation Department shows a structured effort to upgrade technology rather than an ad‑hoc approach. Key moves include expanded interactive teller machines, improved digital banking and mobile features, better digital account opening, and tools like Autobooks for small businesses. The bank has also invested in paperless branch processes, contactless payments, and back‑office systems aimed at improving efficiency. Innovation here is incremental and practical: making it easier to bank online or via mobile, extending service hours with ITMs, and simplifying cash management for small businesses. The main goal is to stay relevant and efficient rather than to leap ahead of the industry. The strategic risk is falling behind if the pace of digital improvement slows, but the current trajectory suggests steady, if measured, progress.

Summary

Southside Bancshares looks like a steady, relationship‑driven regional bank with a growing asset base, consistent profitability, and measured investment in technology. Earnings have been stable to slightly uneven rather than strongly upward, reflecting normal banking pressures from interest rates, credit quality, and operating costs. Its balance sheet and cash generation point to a mature institution that manages growth conservatively, with enough capital and liquidity to support ongoing operations and modest expansion. The core competitive edge comes from deep community ties and local knowledge in attractive Texas markets, balanced against ongoing competition from larger banks and digital‑first players. The main opportunities lie in continued growth of its Texas footprint, careful use of acquisitions, and further digital upgrades that enhance efficiency and customer experience. The main risks revolve around interest rate swings, credit cycles, and the need to keep pace with technology and evolving customer expectations. Overall, Southside appears to be pursuing a “high‑touch plus solid tech” strategy rather than betting on radical transformation.

NEWS

November 24, 2025 · 11:57 AM UTC

Southside Bancshares, Inc. Announces Dual Listing on NYSE Texas

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November 6, 2025 · 4:30 PM UTC

Southside Bancshares, Inc. Declares Cash Dividend

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October 24, 2025 · 5:45 AM UTC

Southside Bancshares, Inc. Announces Financial Results for the Third Quarter Ended September 30, 2025

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October 10, 2025 · 5:28 PM UTC

Southside Bancshares, Inc. Announces Third Quarter Earnings Call

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September 19, 2025 · 4:15 PM UTC

Southside Bank Announces Retirement of Chief Executive Officer, Lee Gibson, Appoints Keith Donahoe as Successor

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