Southside Bancshares

Financial Services banks brokerage commercial banks financial management fintech lending mortgages

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

Tyler, US

Founded

1960

Size (employees)

679 (est)

Website

southside.com

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 Data and Metrics

Southside Bancshares Financial Metrics

Southside Bancshares's revenue was reported to be $168.9 m in FY, 2016 which is a 9% increase from the previous period.

Summary

USD

Southside Bancshares's current market capitalization is $1 b.

Income Statement

USD	FY, 2011	FY, 2012	FY, 2013	FY, 2014	FY, 2015	FY, 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%
Sales and marketing expense						64 m
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

Balance Sheet

USD	FY, 2013	FY, 2014	FY, 2015	FY, 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				2.6 b
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				3.5 b
Total Debt				866.5 m
Total Liabilities				5 b
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
Debt to Equity Ratio				1.7 x
Debt to Assets Ratio				0.2 x
Financial Leverage	13.3 x	11.3 x	11.6 x	10.7 x

Cash Flow

USD	FY, 2013	FY, 2014	FY, 2015	FY, 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)
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)
Cash From Financing Activities	212.1 m	41.5 m	307.7 m	386.4 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