Southside Bancshares

With approximately $4.9 billion in assets, Southside is the ninth-largest bank headquartered in Texas, by deposits. Southside Bank operates 60 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.

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

Southside Bancshares Office Locations

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

Southside Bancshares Metrics

Southside Bancshares Financial Metrics

Revenue (2016)

$168.9 m

Revenue growth (2015-16), %

9%

Gross profit

$139.6 m

Gross profit margin (2016), %

83%

Net income (2016)

$49.3 m

Market capitalization (21-Mar-2017)

$963.2 m

Closing share price (21-Mar-2017)

$34

Cash (31-Dec-2016)

$169.7 m
Southside Bancshares's current market capitalization is $963.2 m.
Southside Bancshares's revenue was reported to be $168.9 m in FY, 2016 which is a 9.3% increase from the previous period.
FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

$119.6 m$123.8 m$154.5 m$168.9 m

Revenue growth, %

3%25%9%

Cost of goods sold

$19.9 m$29.3 m

Gross profit

$134.7 m$139.6 m

Gross profit Margin, %

87%83%

Operating expense total

$113 m$109.5 m

EBIT

$46.3 m$18.7 m$51.3 m$129.8 m

EBIT margin, %

39%15%33%77%

Pre tax profit

$51.3 m$59.7 m

Income tax expense

$10.4 m$7.6 m$5.1 m($2.2 m)$7.3 m$10.3 m

Net Income

$41.2 m$20.8 m$44 m$49.3 m
FY, 2013FY, 2014FY, 2015FY, 2016

Cash

$54.4 m$84.7 m$81 m$169.7 m

Accounts Receivable

$22 m$22.4 m$22.7 m$25.2 m

Inventories

PP&E

$52.1 m$112.9 m$107.9 m$106 m

Goodwill

$22 m$91.4 m$91.5 m$91.5 m

Total Assets

$3.4 b$4.8 b$5.2 b$5.6 b

Accounts Payable

Common Stock

$25.5 m$33.2 m$34.8 m$39.3 m

Additional Paid-in Capital

$214.1 m$389.9 m$424.1 m$535.2 m

Retained Earnings

$78.7 m$55.4 m$41.5 m$30.1 m

Total Equity

$259.5 m$425.2 m$444.1 m$518.3 m

Financial Leverage

13.3 x11.3 x11.6 x10.7 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

$41.2 m$20.8 m$44 m$49.3 m

Depreciation and Amortization

$3.7 m$3.3 m

Accounts Receivable

($3 m)$2.5 m($264 k)($2.5 m)

Inventories

Accounts Payable

($444 k)($99 k)$129 k$2.3 m

Cash From Operating Activities

$59.5 m$56 m$73 m$86.7 m

Cash From Investing Activities

($367.8 m)($67.3 m)($384.4 m)($384.4 m)

Long-term Borrowings

($20.7 b)($7.1 b)($22.8 b)($8 b)

Dividends Paid

($16.1 m)($17.9 m)($25.1 m)($26 m)

Interest Paid

$18.4 m$17.1 m$19.7 m$27 m

Income Taxes Paid

$4 m$4.3 m$8.5 m$5.7 m

Southside Bancshares Market Value History

Southside Bancshares Company Life

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