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
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
Departure of Directors or Certain Officers
2 Mar 23
10-K
2022 FY
Annual report
24 Feb 23
8-K
Announces Financial Results for the
26 Jan 23
8-K
Other Events
13 Dec 22
10-Q
2022 Q3
Quarterly report
28 Oct 22
8-K
Announces Financial Results for the
24 Oct 22
10-Q
2022 Q2
Quarterly report
29 Jul 22
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
Transcripts
SBSI
Earnings call transcript
2022 Q4
27 Jan 23
SBSI
Earnings call transcript
2022 Q3
25 Oct 22
SBSI
Earnings call transcript
2022 Q2
25 Jul 22
SBSI
Earnings call transcript
2022 Q1
26 Apr 22
SBSI
Earnings call transcript
2021 Q4
28 Jan 22
SBSI
Earnings call transcript
2021 Q3
26 Oct 21
SBSI
Earnings call transcript
2021 Q2
23 Jul 21
SBSI
Earnings call transcript
2021 Q1
23 Apr 21
SBSI
Earnings call transcript
2020 Q4
27 Jan 21
SBSI
Earnings call transcript
2020 Q3
23 Oct 20
Financial summary
| Quarter (USD) | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
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| Revenue | |||||
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| 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) | 199.25 mm | 199.25 mm | 199.25 mm | 199.25 mm | 199.25 mm | 199.25 mm |
| Cash burn (monthly) | (no burn) | 208.42 k | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | n/a | 609.97 k | n/a | n/a | n/a | n/a |
| Cash remaining | n/a | 198.64 mm | n/a | n/a | n/a | n/a |
| Runway (months of cash) | n/a | 953.1 | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2022
28.9% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 137 |
| Opened positions | 8 |
| Closed positions | 22 |
| Increased positions | 59 |
| Reduced positions | 43 |
| 13F shares | Current |
|---|---|
| Total value | 544.76 bn |
| Total shares | 17.27 mm |
| Total puts | 2.90 k |
| Total calls | 100.00 |
| Total put/call ratio | 29.0 |
| Largest owners | Shares | Value |
|---|---|---|
| BLK Blackrock | 4.71 mm | $169.42 bn |
| Vanguard | 2.28 mm | $82.20 bn |
| Dimensional Fund Advisors | 1.28 mm | $46.08 mm |
| STT State Street | 1.25 mm | $44.90 bn |
| Renaissance Technologies | 583.09 k | $21.04 bn |
| Geode Capital Management | 577.93 k | $20.85 bn |
| Gibson Wealth Advisors | 554.21 k | $19.66 mm |
| BK Bank Of New York Mellon | 434.60 k | $15.64 bn |
| NTRS Northern Trust | 405.48 k | $14.59 bn |
| Charles Schwab Investment Management | 311.18 k | $11.20 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 22 Mar 23 | Keith Donahoe | Common Stock | Payment of exercise | Dispose F | No | No | 33.55 | 397 | 13.32 k | 6,839 |
| 13 Mar 23 | Davis Suni M | Common Stock | Option exercise | Acquire M | No | No | 22.88 | 1,455 | 33.29 k | 7,457 |
| 13 Mar 23 | Davis Suni M | Employee Stock Option / Common Stock | Option exercise | Dispose M | No | No | 22.88 | 1,455 | 33.29 k | 0 |
| 2 Mar 23 | Keith Donahoe | Common Stock | Grant | Acquire A | No | No | 0 | 58 | 0.00 | 7,236 |
| 2 Mar 23 | Davis Suni M | Common Stock | Grant | Acquire A | No | No | 0 | 17 | 0.00 | 6,002 |
| 2 Mar 23 | Cindy Blackstone | Common Stock | Grant | Acquire A | No | No | 0 | 27 | 0.00 | 2,931 |
News
Southside Bancshares: Dividend Insights
10 Feb 23
Stephens & Co. Maintains Equal-Weight on Southside Bancshares, Raises Price Target to $40
30 Jan 23
Southside Bancshares Q4 EPS $0.87 Beats $0.85 Estimate, Sales $67.60M Miss $69.41M Estimate
27 Jan 23
Earnings Scheduled For January 27, 2023
27 Jan 23
Earnings Preview For Southside Bancshares
26 Jan 23