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.

Type
Public
HQ
Tyler, US
Founded
1960
Size (employees)
679 (est)
Southside Bancshares was founded in 1960 and is headquartered in Tyler, US
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Southside Bancshares Office Locations

Southside Bancshares has an office in Tyler
Tyler, US (HQ)
1201 S Beckham Ave
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Southside Bancshares Financials and Metrics

Southside Bancshares Financials

Southside Bancshares's revenue was reported to be $208.32 m in FY, 2016 which is a 8.3% increase from the previous period.
USD

Revenue (Q3, 2017)

55.9 m

Gross profit (Q3, 2017)

44.4 m

Gross profit margin (Q3, 2017), %

79.4%

Net income (Q3, 2017)

14.5 m

EBIT (Q3, 2017)

34 m

Market capitalization (20-Apr-2018)

1 b

Cash (30-Sep-2017)

184.5 m

EV

1.9 b
Southside Bancshares's current market capitalization is $1 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

119.6 m148.3 m192.4 m208.3 m

Revenue growth, %

24%30%8%

Cost of goods sold

19.9 m29.3 m

Gross profit

172.6 m179 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

46.2 m47.3 m54.6 m50.5 m52.9 m54.6 m55.3 m55.9 m

Cost of goods sold

4.8 m4.9 m6.4 m6.7 m7.2 m9.6 m10.6 m11.5 m

Gross profit

41.3 m42.4 m48.2 m43.7 m45.7 m45 m44.7 m44.4 m

Gross profit Margin, %

90%90%88%87%86%82%81%79%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

54.4 m84.7 m81 m169.7 m

Accounts Receivable

22 m22.4 m22.7 m25.2 m

Inventories

2.6 b

PP&E

52.1 m112.9 m107.9 m106 m
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

77 m71.9 m68.5 m64.1 m199.1 m247 m235.8 m184.5 m

Accounts Receivable

22.7 m17.1 m16.5 m22.2 m17.5 m18.3 m23.2 m18.8 m

Inventories

2.4 b2.4 b2.5 b2.5 b2.6 b2.7 b

PP&E

110.5 m109.1 m107.6 m107.2 m106.8 m105.3 m105.9 m107.1 m
Annual
usdFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

41.2 m20.8 m44 m49.3 m

Depreciation and Amortization

3.7 m3.3 m

Accounts Payable

(444 k)(99 k)129 k2.3 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

26.2 m8.2 m18.7 m24.8 m9.4 m20.5 m32.3 m13.5 m24.9 m37.8 m15 m29.5 m44 m

Depreciation and Amortization

2.8 m790 k1.6 m2.4 m2 m4.1 m6.5 m

Accounts Payable

(447 k)(35 k)(40 k)(69 k)(66 k)(52 k)28 k291 k378 k726 k(1.5 m)60 k(923 k)

Cash From Operating Activities

49.3 m26.8 m37.3 m60.5 m21.7 m28.7 m59.7 m26.1 m35.6 m66.6 m32.7 m48.7 m77.4 m
USDY, 2017

EV/EBIT

54.5 x

EV/CFO

24 x

Revenue/Employee

82.3 k

Financial Leverage

9.9 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

Assets Under Management

$932.60 m$878.30 m$1.01 b

Non-accrual Loans

$4.10 m$20.32 m$21.22 m$20.99 m$20.53 m$21.93 m$11.77 m$8.54 m$8.28 m$7.26 m$3.03 m

Non-performing Loans

$9.97 m$31.67 m$14.72 m

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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