southside bancshares, inc., the holding company for southside bank, is headquartered in tyler, texas. with approximately $4.9 billion in assets, southside is the ninth-largest bank headquartered in texas, by deposits. southside bank operates 64 banking facilities in east, north and central texas. the bank also operates a network of over 70 local atms, and is affiliated with more than 55,000 foreign atms worldwide. established in 1960, southside bank is a community-focused financial institution that offers a full range of financial services to individuals, businesses and nonprofit organizations. these services include: consumer and commercial loans; mortgages; loans to municipalities; personal, small business and commercial deposit accounts; safe deposit boxes; business services; credit cards; atms; trust and wealth management; brokerage services; and an array of online and mobile services. member fdic equal housing lender
![Southside Bancshares logo](/files/LOGO/705432-SBSI.png)
Company profile
Ticker
SBSI
Exchange
Website
CEO
Lee Gibson
Employees
Incorporated
Location
Fiscal year end
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
Latest filings (excl ownership)
10-Q
2024 Q2
Quarterly report
26 Jul 24
8-K
Announces Financial Results for the
24 Jul 24
8-K
Departure of Directors or Certain Officers
17 May 24
8-K
Submission of Matters to a Vote of Security Holders
16 May 24
10-Q
2024 Q1
Quarterly report
26 Apr 24
8-K
Announces Financial Results for the
24 Apr 24
ARS
2023 FY
Annual report to shareholders
27 Mar 24
DEFA14A
Additional proxy soliciting materials
27 Mar 24
DEF 14A
Definitive proxy
27 Mar 24
8-K
Departure of Directors or Certain Officers
6 Mar 24
Transcripts
SBSI
Earnings call transcript
2024 Q2
25 Jul 24
SBSI
Earnings call transcript
2024 Q1
25 Apr 24
SBSI
Earnings call transcript
2023 Q4
26 Jan 24
SBSI
Earnings call transcript
2023 Q3
26 Oct 23
SBSI
Earnings call transcript
2023 Q2
25 Jul 23
SBSI
Earnings call transcript
2023 Q1
25 Apr 23
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
Latest ownership filings
Financial summary
Quarter (USD) | Jun 24 | Mar 24 | Dec 23 | Sep 23 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
---|---|---|---|---|---|
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) | 452.00 mm | 452.00 mm | 452.00 mm | 452.00 mm | 452.00 mm | 452.00 mm |
Cash burn (monthly) | 5.79 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 5.21 mm | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 446.78 mm | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 77.1 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q1 2024
5.3% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 60 |
Opened positions | 42 |
Closed positions | 1 |
Increased positions | 6 |
Reduced positions | 5 |
13F shares | Current |
---|---|
Total value | 43.31 bn |
Total shares | 1.62 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
BK Bank Of New York Mellon | 333.20 k | $9.74 bn |
ProShare Advisors | 266.20 k | $7.78 bn |
PFG Principal Financial Group Inc - Registered Shares | 149.18 k | $4.36 bn |
State of New Jersey Common Pension Fund D | 96.24 k | $2.81 bn |
Kestrel Investment Management | 69.60 k | $2.03 mm |
Empowered Funds | 65.46 k | $1.91 bn |
Hamilton Point Investment Advisors | 57.37 k | $1.68 bn |
Swiss National Bank | 56.62 k | $1.65 bn |
Chatham Capital | 49.56 k | $1.45 bn |
Polaris Capital Management | 43.20 k | $1.26 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
18 Jul 24 | Curtis Burchard | Common Stock | Payment of exercise | Dispose F | No | No | 31.19 | 319 | 9.95 k | 4,935 |
29 Jun 24 | Sherri Anthony | Common Stock | Payment of exercise | Dispose F | No | No | 27.61 | 46 | 1.27 k | 2,995 |
29 Jun 24 | Arnold T L Jr | Common Stock | Payment of exercise | Dispose F | No | No | 27.61 | 84 | 2.32 k | 16,441 |
29 Jun 24 | Davis Suni M | Common Stock | Payment of exercise | Dispose F | No | No | 27.61 | 51 | 1.41 k | 9,158 |
29 Jun 24 | Gibson Lee R | Common Stock | Payment of exercise | Dispose F | No | No | 27.61 | 300 | 8.28 k | 56,355 |