OverviewSuggest Edit

Southside Bancshares operates as the bank holding company for Southside Bank that provides a range of financial services to individuals, businesses, municipal entities, and nonprofit organizations. The Company provides a range of deposit and lending services and products. It also offers trust services consisting of investment management, administration, and advisory services for individuals, partnerships, and corporations, safe deposit services and brokerage services.

TypePublic
Founded1960
HQTyler, TX, US
Websitesouthside.com
Employee Ratings3.2
Overall CultureC+

Latest Updates

Employees (est.) (Feb 2019)820(-4%)
Job Openings39
Revenue (FY, 2020)$49.7 M(+18%)
Share Price (Sept 2021)$36.8
Cybersecurity ratingAMore

Key People/Management at Southside Bancshares

Lee R. Gibson

Lee R. Gibson

President, CEO & Director
Julie N. Shamburger

Julie N. Shamburger

Senior Executive Vice President & Chief Financial Officer
Timothy F. Alexander

Timothy F. Alexander

Chief Lending Officer
Brian K. McCabe

Brian K. McCabe

Senior Executive Vice President & COO
John R. Garrett

John R. Garrett

Chairman of the Board
Susan Elaine Anderson

Susan Elaine Anderson

Director
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Southside Bancshares Office Locations

Southside Bancshares has an office in Tyler
Tyler, TX, US (HQ)
1201 S Beckham Ave
Show all (1)

Southside Bancshares Financials and Metrics

Southside Bancshares Revenue

Southside Bancshares's revenue was reported to be $49.73 m in FY, 2020
USD

Revenue (Q1, 2021)

13.6m

Net income (Q1, 2021)

34.1m

Market capitalization (15-Sept-2021)

1.2b

Closing stock price (15-Sept-2021)

36.8

Cash (31-Mar-2021)

107.6m

EV

1.1b
Southside Bancshares's current market capitalization is $1.2 b.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

35.3m40.0m35.2m24.5m37.9m39.4m37.5m40.8m42.4m49.7m

Revenue growth, %

24%30%8%

Sales and marketing expense

2.4m2.5m2.6m2.2m2.7m2.6m2.2m2.9m3.0m2.1m

R&D expense

4.6m3.9m2.9m3.0m4.0m4.5m5.0m
USDQ1, 2011

Debt/Equity

2.7 x

Debt/Assets

0.2 x

Financial Leverage

13.8 x
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Southside Bancshares Operating Metrics

Southside Bancshares's Assets Under Management was reported to be $1b in FY, 2016. Southside Bancshares's Total Loans was reported to be $2.6b in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

ATMs

707470

Assets Under Management

$932.6 m$878.3 m$1.01 b

Bank Branches

646060

Total Loans

$2.18 b$2.17 b$2.18 b$2.24 b$2.43 b$2.44 b$2.38 b$2.48 b$2.56 b$2.54 b$2.61 b
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Southside Bancshares Cybersecurity Score

Cybersecurity ratingPremium dataset

A

93/100

SecurityScorecard logo

Southside Bancshares Online and Social Media Presence

Embed Graph

Southside Bancshares Company Culture

  • Overall Culture

    C+

    68/100

  • CEO Rating

    D-

    57/100

  • Compensation

    D

    54/100

Learn more on Comparably

Southside Bancshares News and Updates

Southside Bancshares, Inc. Announces Call for Redemption of 5.50% Fixed-to-Floating Rate Subordinated Notes Due 2026

TYLER, Texas, Aug. 20, 2021 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc., (NASDAQ:SBSI) (the “Company”), the holding company of Southside Bank, announced today that the Company has delivered a redemption notice to Wilmington Trust, National Association, as trustee (the “Trustee”), to give notice…

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

TYLER, Texas, July 23, 2021 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside” or the “Company”) (NASDAQ: SBSI) today reported its financial results for the quarter ended June 30, 2021. Southside reported net income of $21.3 million for the three months ended June 30, 2021, a decrease of …

Southside Bancshares, Inc. Announces Financial Results for the First Quarter Ended March 31, 2021

TYLER, Texas, April 23, 2021 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside” or the “Company”) (NASDAQ: SBSI) today reported its financial results for the quarter ended March 31, 2021.  Southside reported net income of $34.1 million for the three months ended March 31, 2021, an increas…

Southside Bancshares, Inc. Announces Financial Results for the Fourth Quarter and Year Ended December 31, 2020

TYLER, Texas, Jan. 27, 2021 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside” or the “Company”) (NASDAQ: SBSI) today reported its financial results for the quarter and year ended December 31, 2020. Southside reported net income of $29.6 million for the three months ended December 31, 20…

Southside Bancshares, Inc. Announces Fourth Quarter and Year End Earnings Call

TYLER, Texas, Jan. 15, 2021 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (NASDAQ: SBSI), the holding company for Southside Bank, announced today it will release its fourth quarter and year-end financial results before the market opens on Wednesday, January 27, 2021. Southside will host a confere…

Southside Bancshares, Inc. Named A Top 10 Banking Powerhouse

TYLER, Texas, Jan. 12, 2021 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside”) (NASDAQ:SBSI), the holding company of Southside Bank, has been named one of the Top 10 Banking Powerhouses in America by Bank Director. The 2021 RankingBanking study of performance powerhouse banks (the “Study…
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Southside Bancshares Frequently Asked Questions

  • When was Southside Bancshares founded?

    Southside Bancshares was founded in 1960.

  • Who are Southside Bancshares key executives?

    Southside Bancshares's key executives are Lee R. Gibson, Julie N. Shamburger and Timothy F. Alexander.

  • How many employees does Southside Bancshares have?

    Southside Bancshares has 820 employees.

  • What is Southside Bancshares revenue?

    Latest Southside Bancshares annual revenue is $49.7 m.

  • What is Southside Bancshares revenue per employee?

    Latest Southside Bancshares revenue per employee is $60.6 k.

  • Who are Southside Bancshares competitors?

    Competitors of Southside Bancshares include SVB Financial Group, Northrim BanCorp and Orrstown Financial Services.

  • Where is Southside Bancshares headquarters?

    Southside Bancshares headquarters is located at 1201 S Beckham Ave, Tyler.

  • Where are Southside Bancshares offices?

    Southside Bancshares has an office in Tyler.

  • How many offices does Southside Bancshares have?

    Southside Bancshares has 1 office.