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 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.
USD

Revenue (FY, 2016)

168.9 m

Revenue growth (FY, 2015 - FY, 2016), %

9%

Gross profit (FY, 2016)

139.6 m

Gross profit margin (FY, 2016), %

83%

Net income (FY, 2016)

49.3 m

EBIT (FY, 2016)

129.8 m

Market capitalization (21-Jul-2017)

1 b

Cash (31-Dec-2016)

169.7 m

EV

1.7 b
Southside Bancshares's current market capitalization is $1 b.
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

119.6 m123.8 m154.5 m168.9 m

Revenue growth, %

3%25%9%

Cost of goods sold

19.9 m29.3 m

Gross profit

134.7 m139.6 m

Gross profit Margin, %

87%83%

Sales and marketing expense

64 m

Operating expense total

113 m109.5 m

EBIT

46.3 m18.7 m51.3 m129.8 m

EBIT margin, %

39%15%33%77%

Pre tax profit

51.3 m59.7 m

Income tax expense

10.4 m7.6 m5.1 m(2.2 m)7.3 m10.3 m

Net Income

41.2 m20.8 m44 m49.3 m
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

Goodwill

22 m91.4 m91.5 m91.5 m

Total Assets

3.4 b4.8 b5.2 b5.6 b

Accounts Payable

3.5 b

Total Debt

866.5 m

Total Liabilities

5 b

Common Stock

25.5 m33.2 m34.8 m39.3 m

Additional Paid-in Capital

214.1 m389.9 m424.1 m535.2 m

Retained Earnings

78.7 m55.4 m41.5 m30.1 m

Total Equity

259.5 m425.2 m444.1 m518.3 m

Debt to Equity Ratio

1.7 x

Debt to Assets Ratio

0.2 x

Financial Leverage

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

Net Income

41.2 m20.8 m44 m49.3 m

Depreciation and Amortization

3.7 m3.3 m

Accounts Receivable

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

Accounts Payable

(444 k)(99 k)129 k2.3 m

Cash From Operating Activities

59.5 m56 m73 m86.7 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 m41.5 m307.7 m386.4 m

Interest Paid

18.4 m17.1 m19.7 m27 m

Income Taxes Paid

4 m4.3 m8.5 m5.7 m
USDY, 2016

EV/EBIT

13.3 x

EV/CFO

19.9 x

Revenue/Employee

247.3 k

Debt/Equity

1.7 x

Debt/Assets

0.2 x

Financial Leverage

10.7 x

Southside Bancshares Market Value History

Southside Bancshares Company Life and Culture

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