Southside Bancshares

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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.

Revenue(FY, 2016)

$208.3 M

Market capitalization(2018-04-20)

$1 B

Total Loans(Q2, 2017)

$2.6 B

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

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Southside Bancshares Office Locations

Southside Bancshares has an office in Tyler

Tyler, US (HQ)

1201 S Beckham Ave

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Southside Bancshares Financials and Metrics

Southside Bancshares Financials

Southside Bancshares's revenue was reported to be $208.32 m in FY, 2016 which is a 8.3% increase from the previous period.

Summary

USD
Revenue (Q3, 2017)	55.9 m
Gross profit (Q3, 2017)	44.4 m
Gross profit margin (Q3, 2017), %	79.4%
Net income (Q3, 2017)	14.5 m
EBIT (Q3, 2017)	34 m
Market capitalization (20-Apr-2018)	1 b
Cash (30-Sep-2017)	184.5 m
EV	1.9 b

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

Source: SEC Filings

Income Statement

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Revenue	119.6 m	148.3 m	192.4 m	208.3 m
Revenue growth, %		24%	30%	8%
Cost of goods sold			19.9 m	29.3 m
Gross profit			172.6 m	179 m

Quarterly

USD	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017
Revenue	46.2 m	47.3 m	54.6 m	50.5 m	52.9 m	54.6 m	55.3 m	55.9 m
Cost of goods sold	4.8 m	4.9 m	6.4 m	6.7 m	7.2 m	9.6 m	10.6 m	11.5 m
Gross profit	41.3 m	42.4 m	48.2 m	43.7 m	45.7 m	45 m	44.7 m	44.4 m
Gross profit Margin, %	90%	90%	88%	87%	86%	82%	81%	79%

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Source: SEC Filings

Balance Sheet

Annual

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

Quarterly

USD	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017
Cash	77 m	71.9 m	68.5 m	64.1 m	199.1 m	247 m	235.8 m	184.5 m
Accounts Receivable	22.7 m	17.1 m	16.5 m	22.2 m	17.5 m	18.3 m	23.2 m	18.8 m
Inventories			2.4 b	2.4 b	2.5 b	2.5 b	2.6 b	2.7 b
PP&E	110.5 m	109.1 m	107.6 m	107.2 m	106.8 m	105.3 m	105.9 m	107.1 m

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Cash Flow

Annual

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

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017
Net Income	26.2 m	8.2 m	18.7 m	24.8 m	9.4 m	20.5 m	32.3 m	13.5 m	24.9 m	37.8 m	15 m	29.5 m	44 m
Depreciation and Amortization	2.8 m	790 k	1.6 m	2.4 m	2 m	4.1 m	6.5 m
Accounts Payable	(447 k)	(35 k)	(40 k)	(69 k)	(66 k)	(52 k)	28 k	291 k	378 k	726 k	(1.5 m)	60 k	(923 k)
Cash From Operating Activities	49.3 m	26.8 m	37.3 m	60.5 m	21.7 m	28.7 m	59.7 m	26.1 m	35.6 m	66.6 m	32.7 m	48.7 m	77.4 m

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Ratios

USD	Y, 2017
EV/EBIT	54.5 x
EV/CFO	24 x
Revenue/Employee	82.3 k
Financial Leverage	9.9 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, 2014	Q1, 2015	Q2, 2015	Q3, 2015	FY, 2015	Q1, 2016	Q2, 2016	Q3, 2016	FY, 2016	Q1, 2017	Q2, 2017
Assets Under Management	$932.60 m				$878.30 m				$1.01 b
Non-accrual Loans	$4.10 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
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