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
Website
CEO
Lee Gibson
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
SOBANK INC
SEC CIK
Corporate docs
Subsidiaries
2.Red File #1, Inc. • 6.Magnolia Trust Company ...
IRS number
751848732
SBSI stock data
Press releases
Southside Bancshares, Inc. Declares Cash Dividend
4 Aug 22
Southside Bancshares, Inc. Announces Financial Results For The Second Quarter Ended June 30, 2022
25 Jul 22
Southside Bancshares, Inc. Named a Top 25 Bank in America by Bank Director
20 Jul 22
Southside Bancshares, Inc. Announces Second Quarter Earnings Call
11 Jul 22
Investment data
Securities sold
Number of investors
Calendar
29 Jul 22
19 Aug 22
31 Dec 22
Financial summary
Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
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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 | |
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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 |
Recent insider trades
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 |
Institutional ownership, Q2 2022
47.1% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 137 |
Opened positions | 19 |
Closed positions | 19 |
Increased positions | 37 |
Reduced positions | 56 |
13F shares | Current |
---|---|
Total value | 624.86M |
Total shares | 16.7M |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 4.71M | $176.21M |
Vanguard | 2.31M | $86.6M |
Dimensional Fund Advisors | 1.27M | $47.64M |
STT State Street | 1.26M | $47.18M |
Renaissance Technologies | 602.09K | $22.53M |
Geode Capital Management | 561.66K | $21.02M |
NTRS Northern Trust | 409.81K | $15.33M |
BK Bank Of New York Mellon | 383.42K | $14.35M |
Victory Capital Management | 310.05K | $11.6M |
Millennium Management | 301.53K | $11.28M |
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
Financial reports
Current reports
8-K
Announces Financial Results for the
22 Jul 22
8-K
Submission of Matters to a Vote of Security Holders
23 May 22
8-K/A
Departure of Directors or Certain Officers
19 May 22
8-K
Announces Financial Results for the
25 Apr 22
8-K
Southside Bancshares, Inc. Announces Stock Repurchase Plan
1 Mar 22
8-K
Departure of Directors or Certain Officers
7 Feb 22
8-K
Announces Financial Results for the
27 Jan 22
8-K
Departure of Directors or Certain Officers
24 Nov 21
8-K
Announces Financial Results for the
25 Oct 21
8-K
Southside Bancshares, Inc. Announces Call for Redemption of 5.50% Fixed-to-floating Rate Subordinated Notes Due 2026
20 Aug 21
Registration and prospectus
424B3
Prospectus supplement
29 Jan 21
D
$100M in debt, sold $100M, 44 investors
18 Nov 20
S-3ASR
Automatic shelf registration
2 Aug 19
425
Business combination disclosure
2 Nov 17
425
Business combination disclosure
18 Oct 17
424B3
Prospectus supplement
7 Sep 17
S-4/A
Registration of securities issued in business combination transactions (amended)
7 Sep 17
S-4
Registration of securities issued in business combination transactions
17 Aug 17
Proxies
DEFA14A
Additional proxy soliciting materials
30 Mar 22
DEFA14A
Additional proxy soliciting materials
23 Mar 21
DEFA14A
Additional proxy soliciting materials
27 Mar 20
DEFA14A
Additional proxy soliciting materials
26 Mar 19
DEF 14A
Definitive proxy
22 Mar 18
DEFA14A
Additional proxy soliciting materials
22 Mar 18
Other
EFFECT
Notice of effectiveness
1 Feb 21
CORRESP
Correspondence with SEC
27 Jan 21
UPLOAD
Letter from SEC
13 Jan 21
CORRESP
Correspondence with SEC
7 Sep 17
EFFECT
Notice of effectiveness
7 Sep 17
UPLOAD
Letter from SEC
27 Aug 17
EFFECT
Notice of effectiveness
4 Sep 14
CORRESP
Correspondence with SEC
3 Sep 14
CORRESP
Correspondence with SEC
17 Jul 14
UPLOAD
Letter from SEC
9 Jul 14
Ownership
4
SOUTHSIDE BANCSHARES / Cindy Blackstone ownership change
5 Aug 22
4
SOUTHSIDE BANCSHARES / JULIE SHAMBURGER ownership change
30 Jun 22
4
SOUTHSIDE BANCSHARES / EMILY S MOORE ownership change
30 Jun 22
4
SOUTHSIDE BANCSHARES / BRIAN K MCCABE ownership change
30 Jun 22
4
SOUTHSIDE BANCSHARES / LEE R GIBSON ownership change
30 Jun 22
4
SOUTHSIDE BANCSHARES / SUNI M DAVIS ownership change
30 Jun 22
4
SOUTHSIDE BANCSHARES / Cindy Blackstone ownership change
30 Jun 22
4
SOUTHSIDE BANCSHARES / T L Arnold Jr ownership change
30 Jun 22
4
SOUTHSIDE BANCSHARES / TIMOTHY F ALEXANDER ownership change
30 Jun 22
4
SOUTHSIDE BANCSHARES / Jared C. Green ownership change
30 Jun 22
Transcripts
2022 Q2
Earnings call transcript
25 Jul 22
2022 Q1
Earnings call transcript
26 Apr 22
2021 Q4
Earnings call transcript
28 Jan 22
2021 Q3
Earnings call transcript
26 Oct 21
2021 Q2
Earnings call transcript
23 Jul 21
2021 Q1
Earnings call transcript
23 Apr 21
2020 Q4
Earnings call transcript
27 Jan 21
2020 Q3
Earnings call transcript
23 Oct 20
2020 Q2
Earnings call transcript
22 Jul 20
2020 Q1
Earnings call transcript
9 May 20
Reddit threads
Daily Discussion Thread - August 17th, 2022
17 Aug 22
Daily Discussion Thread - August 16th, 2022
16 Aug 22
Daily Discussion Thread - August 15th, 2022
15 Aug 22
(7/25) Monday's Pre-Market Stock Movers & News
25 Jul 22
Daily Discussion Thread - July 25th, 2022
25 Jul 22
Daily Discussion Thread - July 22nd, 2022
22 Jul 22
Daily Discussion Thread - May 18th, 2022
18 May 22
Daily Discussion Thread - May 17th, 2022
17 May 22
Daily Discussion Thread - May 16th, 2022
16 May 22
Daily Discussion Thread - April 26th, 2022
26 Apr 22