SBSI Southside Bancshares, Inc.
Southside Bancshares, Inc. operates as a bank holding company of Southside Bank. It offers checking, saving and retirement accounts, certificate of deposits, debit, credit cards, mobile banking, loans, mortgage and equity lending, identity theft prevention, electronic banking, healthcare banking and business loans. The company was founded on August 11, 1982 and is headquartered in Tyler, TX.
Company profile
Ticker
SBSI
Exchange
Website
CEO
Lee R. Gibson
Employees
Incorporated in
Location
Fiscal year end
Sector
Industry (SEC)
SEC CIK
Corporate docs
IRS number
751848732
SBSI stock data
()
Calendar
8 May 20
10 Jul 20
31 Dec 20
News
Company financial data Financial data
| Quarter (USD) | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|
| Revenue | 60.75M | 60.53M | 60.56M | 60.67M | |
| Net income | 3.95M | 17.34M | 19.79M | 18.61M | |
| Diluted EPS | 0.12 | 0.51 | 0.58 | 0.55 | |
| Net profit margin | 6.51% | 28.64% | 32.68% | 30.67% | |
| Net change in cash | 1.52M | -4.13M | -17.7M | -137.42M | |
| Cash on hand | 112.21M | 110.7M | 114.82M | 132.52M |
| Annual (USD) | Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
|---|---|---|---|---|---|
| Revenue | 240.79M | 229.17M | 187.47M | 168.91M | |
| Net income | 74.55M | 74.14M | 54.31M | 49.35M | |
| Diluted EPS | 2.2 | 2.11 | 1.81 | 1.81 | |
| Net profit margin | 30.96% | 32.35% | 28.97% | 29.22% | |
| Net change in cash | -10.02M | -77.97M | 29.04M | 88.68M | |
| Cash on hand | 110.7M | 120.72M | 198.69M | 169.65M |
Financial data from company earnings reports
Recent insider trades
| Date | Owner | Security | Transaction | Code | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|
| 18 Jun 20 | Shands Hilliard J | Common Stock | Payment of exercise | Dispose F | No | 27.78 | 109 | 3.03K | 278,710 |
| 18 Jun 20 | Gibson Lee R | Common Stock | Payment of exercise | Dispose F | No | 27.78 | 408 | 11.33K | 32,235 |
| 18 Jun 20 | Drennan Mark W | Common Stock | Payment of exercise | Dispose F | No | 27.78 | 73 | 2.03K | 4,651 |
| 18 Jun 20 | Moore Emily S | Common Stock | Payment of exercise | Dispose F | No | 27.78 | 31 | 861.18 | 893 |
| 18 Jun 20 | Mccabe Brian K | Common Stock | Payment of exercise | Dispose F | No | 27.78 | 113 | 3.14K | 16,431 |
Institutional ownership Q1 2020
52.9% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 116 |
| Opened positions | 7 |
| Closed positions | 13 |
| Increased positions | 39 |
| Reduced positions | 47 |
13F shares |
Current |
|---|---|
| Total value | 542.18M |
| Total shares | 17.85M |
| Total puts | 0 |
| Total calls | 0 |
| Total put/call ratio | – |
Largest owners |
Shares | Value |
|---|---|---|
| BLK BlackRock | 4.81M | $146.23M |
| Vanguard | 2.09M | $63.48M |
| Dimensional Fund Advisors | 1.57M | $47.78M |
| STT State Street | 1.14M | $34.77M |
| Renaissance Technologies | 1.09M | $33.08M |
| IVZ Invesco | 990.36K | $30.1M |
| NTRS Northern Trust | 613.37K | $18.64M |
| Handelsbanken Fonder AB | 580K | $17.63M |
| Geode Capital Management | 508.98K | $15.47M |
| BK Bank Of New York Mellon | 475.27K | $14.44M |
Content analysis
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| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
H.S. freshman Avg
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New words:
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Removed:
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Financial reports
10-Q
2020 Q1
Quarterly report
8 May 20
10-K
2019 FY
Annual report
28 Feb 20
10-Q
2019 Q3
Quarterly report
31 Oct 19
10-Q
2019 Q2
Quarterly report
1 Aug 19
10-Q
2019 Q1
Quarterly report
30 Apr 19
10-K
2018 FY
Annual report
28 Feb 19
10-Q
2018 Q3
Quarterly report
26 Oct 18
10-Q
2018 Q2
Quarterly report
27 Jul 18
10-Q
2018 Q1
Quarterly report
1 May 18
10-K
2017 FY
Annual report
28 Feb 18
Current reports
8-K
Submission of Matters to a Vote of Security Holders
15 May 20
8-K
Announces Financial Results for the
5 May 20
8-K
Other Events
13 Mar 20
8-K
Announces Financial Results for the Fourth quarter net income was $17.3 million and earnings per diluted common share were $0.51
31 Jan 20
8-K
Departure of Directors or Certain Officers
6 Jan 20
8-K
Announces Financial Results for the Third quarter net income was $19.8 million and earnings per diluted common share were $0.58
25 Oct 19
8-K
Announces Stock Repurchase Plan
10 Sep 19
8-K
Results of Operations and Financial Condition
26 Jul 19
8-K
Submission of Matters to a Vote of Security Holders
20 May 19
8-K
First quarter earnings per diluted common share increased 21.7% to $0.56 compared with first quarter 2018
26 Apr 19
Registration and prospectus
S-3ASR
Automatic shelf registration
2 Aug 19
425
Business combination disclosure
3 Nov 17
425
Business combination disclosure
19 Oct 17
424B3
Prospectus supplement
8 Sep 17
S-4/A
Registration of securities issued in business combination transactions (amended)
8 Sep 17
S-4
Registration of securities issued in business combination transactions
18 Aug 17
425
Business combination disclosure
28 Jul 17
S-8
Registration of securities for employees
21 Jul 17
425
Business combination disclosure
15 Jun 17
425
Business combination disclosure
15 Jun 17
Proxies
DEFA14A
Additional proxy soliciting materials
27 Mar 20
DEF 14A
Definitive proxy
27 Mar 20
DEFA14A
Additional proxy soliciting materials
26 Mar 19
DEF 14A
Definitive proxy
26 Mar 19
DEF 14A
Definitive proxy
23 Mar 18
DEFA14A
Additional proxy soliciting materials
23 Mar 18
PRE 14A
Preliminary proxy
5 Mar 18
DEFA14A
Additional proxy soliciting materials
21 Apr 17
DEFR14A
Revised proxy
27 Mar 17
DEF 14A
Definitive proxy
22 Mar 17
Other
CORRESP
Correspondence with SEC
8 Sep 17
EFFECT
Notice of effectiveness
8 Sep 17
UPLOAD
Letter from SEC
28 Aug 17
EFFECT
Notice of effectiveness
5 Sep 14
CORRESP
Correspondence with SEC
4 Sep 14
CORRESP
Correspondence with SEC
18 Jul 14
UPLOAD
Letter from SEC
10 Jul 14
UPLOAD
Letter from SEC
16 Oct 12
CORRESP
Correspondence with SEC
28 Sep 12
UPLOAD
Letter from SEC
18 Sep 12
Ownership
4
SOUTHSIDE BANCSHARES / SUNI M DAVIS ownership change
19 Jun 20
4
SOUTHSIDE BANCSHARES / JAMES D ALFRED ownership change
19 Jun 20
4
SOUTHSIDE BANCSHARES / JULIE SHAMBURGER ownership change
19 Jun 20
4
SOUTHSIDE BANCSHARES / T L Arnold Jr ownership change
19 Jun 20
4
SOUTHSIDE BANCSHARES / BRIAN K MCCABE ownership change
19 Jun 20
4
SOUTHSIDE BANCSHARES / TIMOTHY F ALEXANDER ownership change
19 Jun 20
4
SOUTHSIDE BANCSHARES / LEE R GIBSON ownership change
19 Jun 20
4
SOUTHSIDE BANCSHARES / MARK W DRENNAN ownership change
19 Jun 20
4
SOUTHSIDE BANCSHARES / EMILY S MOORE ownership change
19 Jun 20
4
SOUTHSIDE BANCSHARES / HILLIARD J SHANDS ownership change
19 Jun 20