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Southside Bancshares, Inc.

Southside Bancshares, Inc.

NASDAQ•SBSI
CEO: Mr. Lee R. Gibson III, CPA
Sector: Financial Services
Industry: Banks - Regional
Listing Date: 1998-05-13
Southside Bancshares, Inc. operates as the bank holding company for Southside Bank that provides a range of 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 deposits. The company's loan portfolio comprises consumer loans that include 1-4 family residential loans, home equity loans, home improvement loans, automobile loans, 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 offers wealth management and trust services consisting of investment management, administration of irrevocable, revocable, and testamentary trusts, estate administration, and custodian services for individuals, partnerships, and corporations; safe deposit services; and brokerage services. In addition, the company provides retirement and employee benefit accounts, including plans and profit sharing plans; and telephone, internet, and mobile banking services. The company offers various banking services through branches, drive-thru facilities, automated teller machines, and interactive teller machines. Southside Bancshares, Inc. was founded in 1960 and is headquartered in Tyler, Texas.
Contact Information
1201 South Beckham Avenue, Tyler, TX, 75701, United States
903-531-7111
www.southside.com
Market Cap
$969.03M
P/E (TTM)
13.9
15.5
Dividend Yield
4.5%
52W High
$33.96
52W Low
$25.85
52W Range
79%
Rank35Top 29.9%
4.6
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.6 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$118.50M+4.44%
4-Quarter Trend

EPS

$0.16-76.47%
4-Quarter Trend

FCF

$37.66M-365.99%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Loan Portfolio Expansion Total loans increased 2.2% to $4.77B, driven by $109.0M growth in CRE and $66.8M growth in Commercial loans.
Stable Net Interest Income Nine-month NII rose 0.9% to $163.8M; FTE Net Interest Margin held steady at 2.92% year-to-date.
Asset Quality Deterioration NPA ratio spiked to 0.75% (from 0.08%), primarily due to $27.5M in newly recognized restructured commercial real estate loans.
Funding Mix Restructuring FHLB borrowings decreased $630.6M, offset by a $147.6M increase in subordinated notes following a new issuance.

Risk Factors

Spike in Nonperforming Assets NPA increased 892.1% to $35.6M, driven by restructured loans; nonaccruals rose to $7.955M, demanding management attention.
Sharp Net Income Drop Quarterly net income fell 76.1% to $4.9M, heavily impacted by a $24.4M net loss recognized on sales of AFS securities.
Interest Rate Sensitivity Interest rate risk modeling shows a potential 5.16% adverse impact on NII over 12 months under a 200 basis point rate increase scenario.
Noninterest Income Volatility Total noninterest income dropped 64.8% YTD due to significant realized losses ($24.9M) from AFS securities sales.

Outlook

Strong Capital Position Consolidated CET1 ratio remains robust at 12.97%, meeting all regulatory requirements under the fully phased-in Basel III framework.
Liquidity Resources Available Total liquidity lines stand at $2.87B, including $2.30B available via FHLB advances collateralized by the loan portfolio.
Branch Expansion Planned Management expects to open a new traditional branch location in Bellwood Park, Tyler, Texas, during the 2026 calendar year.
CECL Allowance Methodology Allowance for loan losses is determined using the CECL model, incorporating Moody's economic forecasts and portfolio stress factors.

Peer Comparison

Revenue (TTM)

Dime Community Bancshares, Inc.DCOM
$730.38M
+13.0%
Metropolitan Bank Holding Corp.MCB
$527.15M
+7.1%
Univest Financial CorporationUVSP
$513.42M
+4.6%

Gross Margin (Latest Quarter)

HBT Financial, Inc.HBT
79.8%
+3.6pp
Central Pacific Financial Corp.CPF
75.3%
+5.3pp
Amalgamated Financial Corp.AMAL
74.0%
+4.7pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
DCOM$1.44B12.87.7%2.4%
AMAL$1.14B10.913.7%1.1%
FMBH$1.01B11.59.8%0.0%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
1.0%
Moderate Growth
4Q Net Income CAGR
-39.1%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Jan 29, 2026
|
EPS:$0.80
|
Revenue:$71.70M
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Oct 28, 2025|
    Revenue: $118.50M+4.4%
    |
    EPS: $0.16-76.5%
    Miss
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Jul 25, 2025|
    Revenue: $110.30M-4.4%
    |
    EPS: $0.72-11.1%
    Beat
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: Apr 30, 2025|
    Revenue: $110.13M-1.8%
    |
    EPS: $0.71+0.0%
    Beat
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 27, 2025|
    Revenue: $456.07M+15.3%
    |
    EPS: $2.92+3.5%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Oct 28, 2024|
    Revenue: $113.46M+9.6%
    |
    EPS: $0.68+13.3%
    Miss
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Jul 26, 2024|
    Revenue: $115.38M+18.9%
    |
    EPS: $0.81+0.0%
    Beat
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: Apr 26, 2024|
    Revenue: $112.16M+21.2%
    |
    EPS: $0.71-14.5%
    Beat
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 27, 2024|
    Revenue: $395.58M+34.6%
    |
    EPS: $2.82-13.8%
    Beat