Southside Bancshares (SBSI)

Southside Bancshares, Inc. is a bank holding company headquartered in Tyler, Texas, with approximately $7.19 billion in assets as of September 30, 2020. Through its wholly-owned subsidiary, Southside Bank, Southside currently operates 57 branches and a network of 79 ATMs/ITMs throughout East Texas, Southeast Texas, Dallas/Fort Worth and Austin. Serving customers since 1960, Southside Bank is a community-focused financial institution that offers a full range of financial products and services to individuals and businesses. These products and services include consumer and commercial loans, mortgages, deposit accounts, safe deposit boxes, treasury management, wealth management, trust services, brokerage services and an array of online and mobile services.

Company profile

Ticker

SBSI

Exchange

NASDAQ

Website

www.southside.com

CEO

Lee Gibson

Incorporated

Texas

Location

Texas

Fiscal year end

Dec 31

Sector

Finance and Insurance > Commercial Banking

Industry (SIC)

State Commercial Banks

Bank Of New York Mellon • State Street • Citizens Financial • Northern Trust • M & T Bank • Fifth Third Bancorp • Associated Banc-Corp. • First Citizens Bancshares, Inc • SVB Financial • Commerce Bancshares ...

Former names

SOBANK INC

SEC CIK

0000705432

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

2.Red File #1, Inc. • 6.Magnolia Trust Company ...

IRS number

751848732

SBSI stock data

1M 1Y 5Y

News

From Benzinga Pro

Southside Bancshares Ex-Dividend Date Is Wednesday, Here's What You Need To Know

12 Aug 22

Tuesday marks the last chance for investors to receive the next dividend payout from Southside Bancshares (NASDAQ:SBSI).

Southside Bancshares: Q2 Earnings Insights

25 Jul 22

Southside Bancshares (NASDAQ:SBSI) reported its Q2 earnings results on Monday, July 25, 2022 at 06:00 AM. Here's what investors need to know about the announcement.

Earnings Scheduled For July 25, 2022

25 Jul 22

Companies Reporting Before The Bell • Lakeland Financial (NASDAQ:LKFN) is estimated to report quarterly earnings at $0.95 per share on revenue of $59.26 million.

Earnings Preview: Southside Bancshares

22 Jul 22

Press releases

From Benzinga Pro

Southside Bancshares, Inc. Declares Cash Dividend

4 Aug 22

TYLER, Texas, Aug. 04, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of Southside Bancshares, Inc., (NASDAQ:SBSI), parent company of Southside Bank declared a regular quarterly cash dividend of $0.34 per common

Southside Bancshares, Inc. Announces Financial Results For The Second Quarter Ended June 30, 2022

25 Jul 22

Second quarter net income of $25.4 million;Linked quarter loan growth, net of Paycheck Protection Program ("PPP") loans, of 4.6%;Linked quarter net interest margin (FTE) increased to 3.30%(1);Annualized return on second

Southside Bancshares, Inc. Named a Top 25 Bank in America by Bank Director

20 Jul 22

TYLER, Texas, July 20, 2022 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. ("Southside") (NASDAQ:SBSI), the holding company of Southside Bank, has been named one of the "Top 25 Banks" in America by Bank Director. A

Southside Bancshares, Inc. Announces Second Quarter Earnings Call

11 Jul 22

Investment data

Data from SEC filings

Securities sold

Number of investors

Calendar

29 Jul 22

19 Aug 22

31 Dec 22

Financial summary

Financial statements Chart SBSI financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	172.29M	172.29M	172.29M	172.29M	172.29M	172.29M
Cash burn (monthly)	4.94M	(no burn)	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	8.3M	n/a	n/a	n/a	n/a	n/a
Cash remaining	163.99M	n/a	n/a	n/a	n/a	n/a
Runway (months of cash)	33.2	n/a	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

SBSI insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
4 Aug 22	Cindy Blackstone	Common Stock	Sell	Dispose S	No	No	39.42	465	18.33K	2,021
4 Aug 22	Cindy Blackstone	Common Stock	Sell	Dispose S	No	No	39.45	1,540	60.75K	2,486
4 Aug 22	Cindy Blackstone	Common Stock	Option exercise	Acquire M	No	No	34.83	928	32.32K	4,026
4 Aug 22	Cindy Blackstone	Common Stock	Option exercise	Acquire M	No	No	34.5	612	21.11K	3,098
4 Aug 22	Cindy Blackstone	Employee Stock Option / Common Stock	Option exercise	Dispose M	No	No	34.83	928	32.32K	1,858
4 Aug 22	Cindy Blackstone	Employee Stock Option / Common Stock	Option exercise	Dispose M	No	No	34.5	612	21.11K	0
29 Jun 22	Drennan Mark W	Common Stock	Payment of exercise	Dispose F	No	No	37.08	29	1.08K	5,791
29 Jun 22	Green Jared C.	Common Stock	Payment of exercise	Dispose F	No	No	37.08	29	1.08K	5,149
29 Jun 22	Alexander Timothy F	Common Stock	Payment of exercise	Dispose F	No	No	37.08	127	4.71K	9,168
29 Jun 22	Arnold T L Jr	Common Stock	Payment of exercise	Dispose F	No	No	37.08	77	2.86K	13,346

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q2 2022

SBSI institutional ownership history Ownership history

47.1% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	137	137	–
Opened positions	19	6	+216.7%
Closed positions	19	11	+72.7%
Increased positions	37	48	-22.9%
Reduced positions	56	44	+27.3%

13F shares	Current	Prev Q	Change
Total value	624.86M	674.79M	-7.4%
Total shares	16.7M	16.54M	+1.0%
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
BLK Blackrock	4.71M	$176.21M	-1.0%
Vanguard	2.31M	$86.6M	-1.8%
Dimensional Fund Advisors	1.27M	$47.64M	+0.8%
STT State Street	1.26M	$47.18M	-1.5%
Renaissance Technologies	602.09K	$22.53M	+2.2%
Geode Capital Management	561.66K	$21.02M	-0.5%
NTRS Northern Trust	409.81K	$15.33M	-1.4%
BK Bank Of New York Mellon	383.42K	$14.35M	-4.8%
Victory Capital Management	310.05K	$11.6M	+2.1%
Millennium Management	301.53K	$11.28M	+545.9%

Largest transactions	Shares	Bought/sold	Change
Millennium Management	301.53K	+254.85K	+545.9%
Robeco Institutional Asset Management B.V.	224.12K	+221.92K	+10128.9%
MS Morgan Stanley	246.53K	+103.26K	+72.1%
Parametric Portfolio Associates	0	-83.24K	EXIT
LGEN Legal & General	0	-77.78K	EXIT
Assenagon Asset Management	0	-62.57K	EXIT
BLK Blackrock	4.71M	-49.44K	-1.0%
Vanguard	2.31M	-43.34K	-1.8%
Two Sigma Investments	38.37K	+38.37K	NEW
ProShare Advisors	224.59K	-30.77K	-12.1%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Management Discussion

Our results of operations are dependent primarily on net interest income, which is the difference between the interest income earned on assets (loans and investments) and interest expense due on our funding sources (deposits and borrowings) during a particular period. Results of operations are also affected by our noninterest income, provision for credit losses, noninterest expenses and income tax expense. General economic and competitive conditions, particularly changes in interest rates, changes in interest rate yield curves, prepayment rates of MBS and loans, repricing of loan relationships, government policies and actions of regulatory authorities also significantly affect our results of operations. Future changes in applicable law, regulations or government policies may also have a material impact on us.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	8th grade Avg

New words: beneficial, building, callable, heightened, hotel, housing, inflationary, lapse, precautionary, recessionary, restriction, robust, safeguard, shortage, solid

Removed: accepted, accepting, accessing, appointment, automated, branch, careful, closed, combat, declared, grocery, growing, lender, mobile, Organization, positioned, prudently, reimplementation, reopened, resurgence, stimulate, store, supporting, telephone, traditional, trillion, vaccine, wealth, work, workforce, World

From filing 10-Q 2022 Q2

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