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, US
Websitesouthside.com
Employee Ratings3.4

Latest Updates

Employees (est.) (Feb 2019)820(-4%)
Job Openings24
Revenue (FY, 2019)$42.4 M(+4%)
Share Price (Sept 2020)$25.6 (-2%)
Cybersecurity ratingAMore

Key People/Management at Southside Bancshares

Lee R. Gibson

Lee R. Gibson

President, CEO & Director
Kim Partin

Kim Partin

Executive Vice President & Senior Trust Officer & Trust Manager
Julie N. Shamburger

Julie N. Shamburger

Senior Executive Vice President & Chief Financial Officer
Ernest King

Ernest King

Executive Vice President & Wealth Management & Trust Director
Timothy F. Alexander

Timothy F. Alexander

Chief Lending Officer
Emily Corbett

Emily Corbett

Vice President & Wealth Management & Trust Officer
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Southside Bancshares Office Locations

Southside Bancshares has an office in Tyler
Show all (1)

Southside Bancshares Financials and Metrics

Southside Bancshares Revenue

Southside Bancshares's revenue was reported to be $42.37 m in FY, 2019
USD

Revenue (Q2, 2020)

12.2m

Net income (Q2, 2020)

21.6m

Market capitalization (15-Sept-2020)

847.0m

Closing stock price (15-Sept-2020)

25.6

Cash (30-Jun-2020)

100.8m

EV

764.3m
Southside Bancshares's current market capitalization is $847 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

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

Revenue growth, %

24%30%8%

Sales and marketing expense

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

R&D expense

4.6m3.9m2.9m3.0m4.0m4.5m
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

70 74 70

Assets Under Management

$932.60 m$878.30 m$1.01 b

Bank Branches

64 60 60

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

96/100

SecurityScorecard logo

Southside Bancshares Online and Social Media Presence

Embed Graph

Southside Bancshares News and Updates

Southside Bancshares, Inc. Announces Financial Results for the Second Quarter Ended June 30, 2020

TYLER, Texas, July 22, 2020 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside” or the “Company”) (NASDAQ:SBSI) today reported its financial results for the quarter ended June 30, 2020.  Southside reported net income of $21.6 million for the three months ended June 30, 2020, an increase of…

Southside Bancshares, Inc. Announces Financial Results for the Fourth Quarter and Year Ended December 31, 2019

TYLER, Texas, Jan. 31, 2020 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside” or the “Company”) (NASDAQ:SBSI) today reported its financial results for the quarter and year ended December 31, 2019.  Southside reported net income of $17.3 million for the three months ended December 31, 201…

Southside Bancshares, Inc. Announces Financial Results for the Third Quarter Ended September 30, 2019

TYLER, Texas, Oct. 25, 2019 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside” or the “Company”) (NASDAQ:SBSI) today reported its financial results for the quarter ended September 30, 2019. Southside reported net income of $19.8 million for the three months ended September 30, 2019, a dec…

Southside Bancshares, Inc. announces Stock Repurchase Plan

TYLER, Texas, Sept. 05, 2019 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc., (NASDAQ:SBSI), the holding company of Southside Bank, announced that its Board of Directors has authorized a Stock Repurchase Plan, under which the Company may repurchase, from time to time, up to 1 million shares of its …

Southside Bancshares, Inc. Announces Financial Results for the Second Quarter Ended June 30, 2019

TYLER, Texas, July 26, 2019 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside” or the “Company”) (NASDAQ:SBSI) today reported its financial results for the quarter ended June 30, 2019.  Southside reported net income of $18.6 million for the three months ended June 30, 2019, a decrease of …

Southside Bancshares, Inc. Announces Second Quarter Earnings Call

TYLER, Texas, July 12, 2019 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (NASDAQ:  SBSI), the holding company for Southside Bank, announced today it will release its second quarter financial results before the market opens on Friday, July 26, 2019.  Southside will host a conference call to discu…
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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, Kim Partin and Julie N. Shamburger.

  • How many employees does Southside Bancshares have?

    Southside Bancshares has 820 employees.

  • What is Southside Bancshares revenue?

    Latest Southside Bancshares annual revenue is $42.4 m.

  • What is Southside Bancshares revenue per employee?

    Latest Southside Bancshares revenue per employee is $51.7 k.

  • Who are Southside Bancshares competitors?

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

  • Where are Southside Bancshares offices?

    Southside Bancshares has an office in Tyler.

  • How many offices does Southside Bancshares have?

    Southside Bancshares has 1 office.