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SBSI Southside Bancshares

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
CEO
Lee Gibson
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
SOBANK INC
SEC CIK
IRS number
751848732

SBSI stock data

(
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Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

30 Jul 21
3 Aug 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
29 Jun 21 Gibson Lee R Common Stock Grant Aquire A No No 0 3,272 0 42,347
29 Jun 21 Shamburger Julie Common Stock Grant Aquire A No No 0 1,444 0 18,525
29 Jun 21 Alexander Timothy F Common Stock Grant Aquire A No No 0 1,515 0 8,489
29 Jun 21 Mccabe Brian K Common Stock Grant Aquire A No No 0 978 0 16,384

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

50.8% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 120 123 -2.4%
Opened positions 14 18 -22.2%
Closed positions 17 10 +70.0%
Increased positions 40 38 +5.3%
Reduced positions 41 44 -6.8%
13F shares
Current Prev Q Change
Total value 1.25B 717.69M +74.2%
Total shares 16.54M 16.24M +1.8%
Total puts 0 0
Total calls 5.5K 0 NEW
Total put/call ratio
Largest owners
Shares Value Change
BLK Blackrock 4.85M $186.63M +0.5%
Vanguard 2.18M $83.85M +4.7%
Dimensional Fund Advisors 1.31M $50.51M -5.9%
STT State Street 1.24M $47.88M +13.8%
Renaissance Technologies 777.85K $29.96M -15.6%
Geode Capital Management 561.62K $21.63M +10.5%
NTRS Northern Trust 465.94K $17.94M -18.3%
BK Bank Of New York Mellon 419.67K $16.16M +1.6%
IVZ Invesco 394.47K $15.19M -10.8%
ProShare Advisors 315.66K $12.16M +6.5%
Largest transactions
Shares Bought/sold Change
Mesirow Financial Investment Management - Equity Management 160.07K +160.07K NEW
Millennium Management 0 -155.76K EXIT
STT State Street 1.24M +150.9K +13.8%
Renaissance Technologies 777.85K -143.74K -15.6%
GS Goldman Sachs 149.39K +112.43K +304.2%
NTRS Northern Trust 465.94K -104.38K -18.3%
Vanguard 2.18M +98.42K +4.7%
RY Royal Bank Of Canada 278.51K +96.3K +52.9%
Creative Planning 0 -92.9K EXIT
Victory Capital Management 143.16K +84.96K +146.0%

Financial report summary

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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. The adoption of CECL and the COVID-19 pandemic significantly impacted our results of operations in 2020 and may continue to impact our results of operations for the remainder of 2021.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
New words: Delta, difficult, hardware, hospitalization, infection, lifted, outlook, phone, redemption, reimplementation, resurgence, vaccine, variant
Removed: assisting, depreciation, largest, location, Longview, occupancy, proximity, retired, trend