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.

Company Growth (employees)
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 Financials and Metrics

Southside Bancshares Financials

Southside Bancshares's revenue was reported to be $208.3 m in FY, 2016
USD

Revenue (Q3, 2017)

55.9 m

Gross profit (Q3, 2017)

44.4 m

Gross profit margin (Q3, 2017), %

79%

Net income (Q3, 2017)

14.5 m

EBIT (Q3, 2017)

34 m

Market capitalization (13-Nov-2017)

1 b

Cash (30-Sep-2017)

184.5 m

EV

1.8 b
Southside Bancshares's current market capitalization is $1 b.
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
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%
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
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 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
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
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 Receivable

2.2 m6.5 m1.5 m7.8 m5.8 m(230 k)5.3 m6.2 m506 k5.2 m6.9 m2 m6.4 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)
Y, 2017

EV/EBIT

53.4 x

EV/CFO

23.5 x

Financial Leverage

9.9 x
Show all financial metrics

Southside Bancshares Operating Metrics

Southside Bancshares's Total Loans Issued was reported to be $2.6 b in Q2, 2017. Southside Bancshares's Assets Under Management was reported to be $1 b in FY, 2016, which is a 15% increase from the previous period
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Total Loans Issued

$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

Non-accrual Loans

$4.1 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

Bank Branches

646060
Show all operating metrics

Southside Bancshares Market Value History

Southside Bancshares's Web-traffic and Trends

Southside Bancshares Company Life and Culture

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