SOUTHSIDE BANCSHARES INC SBSI
Southside Bancshares, Inc., incorporated in Texas in 1982, is a bank holding company for Southside Bank, a Texas state bank headquartered in Tyler, Texas that was formed in 1960. We operate through 53 branches, 12 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.
At December 31, 2025, our total assets were $8.51 billion, total loans were $4.82 billion, total deposits were $6.87 billion and total equity was $847.6 million. For the years ended December 31, 2025 and 2024, our net income was $69.2 million and $88.5 million, respectively. For the years ended December 31, 2025 and 2024, diluted earnings per common share was $2.29 and $2.91, respectively. We have paid a cash dividend to shareholders every year since 1970 (including dividends paid by Southside Bank prior to the incorporation of Southside Bancshares).
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $403.1M | $414.3M | $359.7M | $253.0M | $216.0M | $231.8M | $240.8M | $229.2M | $187.5M | $168.9M |
| Interest expense | $221.1M | $216.1M | $215.0M | $212.3M | $26.4M | $44.6M | $71.0M | $57.1M | $43.5M | $29.3M |
| Pre-tax income | $82.6M | $107.4M | $101.1M | $119.6M | $130.8M | $93.5M | $87.8M | $84.3M | $70.4M | $59.7M |
| Income tax | $13.4M | $18.9M | $14.4M | $14.6M | $17.4M | $11.3M | $13.2M | $10.2M | $16.1M | $10.3M |
| Net income | $69.2M | $88.5M | $86.7M | $105.0M | $113.4M | $82.2M | $74.6M | $74.1M | $54.3M | $49.3M |
| EPS, basic | 2.30 | 2.92 | 2.82 | 3.27 | 3.48 | 2.47 | 2.21 | 2.12 | 1.82 | 1.82 |
| EPS, diluted | 2.29 | 2.91 | 2.82 | 3.26 | 3.47 | 2.47 | 2.20 | 2.11 | 1.81 | 1.81 |
| Shares, diluted (wtd. avg.) | $30.2M | $30.4M | $30.8M | $32.3M | $32.7M | $33.3M | $33.9M | $35.1M | $30.0M | $27.2M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $389.8M | $426.2M | $560.5M | $199.3M | $201.8M | $108.4M | $110.7M | $120.7M | $198.7M | $169.7M |
| Property, plant and equipment | $152.3M | $141.6M | $138.9M | $141.3M | $142.5M | $144.6M | $143.9M | $136.0M | $133.6M | $106.0M |
| Goodwill | $201.1M | $201.1M | $201.1M | $201.1M | $201.1M | $201.1M | $201.1M | $201.1M | $201.2M | $91.5M |
| Other intangibles | $1.0M | $1.8M | $2.9M | $4.6M | $6.9M | $9.7M | $13.4M | $17.8M | $23.0M | $4.6M |
| Total assets | $8.51B | $8.52B | $8.28B | $7.56B | $7.26B | $7.01B | $6.75B | $6.12B | $6.50B | $5.56B |
| Short-term debt | — | — | — | — | — | — | — | — | — | $873.6M |
| Long-term debt | $300.0M | $152.3M | $154.1M | $158.9M | $158.8M | $257.5M | $158.8M | $158.7M | $158.5M | $158.3M |
| Total liabilities | $7.67B | $7.71B | $7.51B | $6.81B | $6.35B | $6.13B | $5.94B | $5.39B | $5.74B | $5.05B |
| Retained earnings | $352.2M | $326.8M | $282.4M | $239.6M | $179.8M | $111.2M | $80.3M | $64.8M | $32.9M | $30.1M |
| Total equity | $847.6M | $811.9M | $773.3M | $746.0M | $912.2M | $875.3M | $804.6M | $731.3M | $754.1M | $518.3M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $93.8M | $101.8M | $79.9M | $226.5M | $156.1M | $90.5M | $80.6M | $122.4M | $91.7M | $86.7M |
| Depreciation and amortisation | $10.6M | $10.5M | $10.6M | $11.1M | $11.4M | $12.1M | $12.1M | $14.0M | $10.2M | $9.1M |
| Stock-based compensation | $3.0M | $3.5M | $3.6M | $3.2M | $3.0M | $3.0M | $2.4M | $2.3M | $1.8M | $1.5M |
| Capital expenditure | $20.3M | $11.2M | $6.9M | $9.3M | $8.4M | $11.4M | $15.9M | $13.4M | $9.6M | $6.5M |
| Investing cash flow | -$34.2M | -$382.9M | -$327.1M | -$634.8M | -$194.0M | -$223.7M | -$566.8M | $261.9M | $172.7M | -$384.4M |
| Financing cash flow | -$96.0M | $146.7M | $608.5M | $405.8M | $131.2M | $130.9M | $476.2M | -$462.3M | -$235.4M | $386.4M |
| Dividends paid | $43.4M | $43.6M | $43.6M | $44.9M | $44.6M | $43.2M | $42.5M | $42.0M | $32.2M | $26.0M |
| Buybacks | $23.2M | $1.5M | $44.8M | $33.7M | $34.1M | $31.0M | $2.2M | $47.2M | $0 | $10.2M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000705432-26-000034.
Others in SIC 6022
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| BNY | Bank of New York Mellon Corp | $111.84B | 22.3x | 7.8% |
| STT | STATE STREET CORP | $53.36B | 20.7x | 7.3% |
| FITB | FIFTH THIRD BANCORP | $49.76B | 15.5x | -5.0% |
| MTB | M&T BANK CORP | $34.64B | 14.1x | 7.5% |
| NTRS | NORTHERN TRUST CORP | $34.15B | 21.4x | 6.1% |
| CFG | CITIZENS FINANCIAL GROUP INC/RI | $29.81B | 18.3x | 6.7% |
| FCNCA | FIRST CITIZENS BANCSHARES INC /DE/ | $25.48B | 13.4x | -2.2% |
| EWBC | EAST WEST BANCORP INC | $17.92B | 13.7x | 2.4% |