SBSI Southside Bancshares Dashboard

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 • Fifth Third Bancorp • Northern Trust • M & T Bank • Popular • Ally Financial • Associated Banc-Corp. • First Citizens Bancshares, Inc ...

Former names

SOBANK INC

SEC CIK

0000705432

Corporate docs

Articles of Incorporation & Bylaws

IRS number

751848732

SBSI stock data

S&P 500

1M 1Y 2Y 5Y

News

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Recap: Southside Bancshares Q2 Earnings

23 Jul 21

Shares of Southside Bancshares (NASDAQ:SBSI) remained unaffected after the company reported Q2 results. Quarterly Results Earnings per share were unchanged year over year to $0.65, which missed the estimate of $0.69.

Southside Bancshares Q2 EPS $0.65 Misses $0.69 Estimate

23 Jul 21

Southside Bancshares (NASDAQ:SBSI) reported quarterly earnings of $0.65 per share which missed the analyst consensus estimate of $0.69 by 5.8 percent. This is unchanged from the same period last year.

Earnings Scheduled For July 23, 2021

23 Jul 21

Companies Reporting Before The Bell • Republic First Bancorp (NASDAQ:FRBK) is estimated to report quarterly earnings at $0.06 per share on revenue of $39.17 million.

A Preview Of Southside Bancshares's Earnings

22 Jul 21

Analyzing Southside Bancshares's Ex-Dividend Date

18 May 21

Press releases

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Southside Bancshares, Inc. Announces Financial Results for the Second Quarter Ended June 30, 2021

23 Jul 21

Second quarter net income of $21.3 million;Second quarter earnings per diluted common share of $0.65;Annualized linked quarter deposit growth of 5.0%;Annualized return on second quarter average assets of 1.20%;Annualized

Southside Bancshares, Inc. Announces Second Quarter Earnings Call

9 Jul 21

TYLER, Texas, July 09, 2021 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (NASDAQ:SBSI), the holding company for Southside Bank, announced today it will release its second quarter financial results before the market

Southside Bancshares, Inc. Increases and Declares Cash Dividend

6 May 21

TYLER, Texas, May 06, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of Southside Bancshares, Inc., (NASDAQ:SBSI), parent company of Southside Bank, approved a 3.1% increase to the regular quarterly cash dividend of

Investment data

Data from SEC filings

Securities sold

Number of investors

Calendar

30 Jul 21

3 Aug 21

31 Dec 21

Financial summary

Financial statements Chart SBSI financial data

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.

Recent insider trades

SBSI insider ownership history Insider history

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

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

Institutional ownership Q1 2021

SBSI institutional ownership history Ownership history

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%

Data from 13F filings. Stock 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. 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

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

From filing 10-Q 2021 Q2