Southside Bancshares, Inc.
- Open
- 34.75
- Day high
- 35.00
- Day low
- 34.33
- Prev close
- 34.84
- Volume
- 108K
- Mkt cap
- $1.0B
- P/E (TTM)
- 14.6
- EPS (TTM)
- $2.36
- P/B
- 1.2
- P/S
- 2.3
- Yield
- 4.17%
- Per share
- $1.44
- ▼Insiders net selling -$16K over the last 3 months (0 open-market buys, 1 sale)
- 🏛Institutions mixed (13F)
Southside Bancshares, Inc. (SBSI) is a Financial Services company listed on NASDAQ. The stock is up 11% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 1 sale (SEC Form 4).
Southside Bancshares, Inc. (SBSI) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
SBSI earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 30, 2026 | $0.76 | $0.78 | +2.6% | $72M | +1.7% |
| Jan 29, 2026 | $0.80 | $0.70 | -12.5% | $63M | -11.1% |
| Oct 24, 2025 | $0.72 | $0.80 | +11.1% | $72M | +0.9% |
| Jul 25, 2025 | $0.69 | $0.72 | +4.3% | $66M | -5.0% |
| Apr 29, 2025 | $0.67 | $0.71 | +6.0% | $64M | -6.8% |
| Jan 29, 2025 | $0.71 | $0.72 | +1.4% | $67M | -0.2% |
| Oct 24, 2024 | $0.73 | $0.68 | -6.8% | $63M | -7.6% |
| Jul 25, 2024 | $0.64 | $0.81 | +26.6% | $65M | -0.1% |
| Apr 25, 2024 | $0.68 | $0.71 | +4.4% | $63M | -7.3% |
| Jan 26, 2024 | $0.67 | $0.57 | -14.9% | $58M | -10.5% |
| Oct 26, 2023 | $0.73 | $0.60 | -17.8% | $64M | -6.5% |
| Jul 25, 2023 | $0.69 | $0.81 | +17.4% | $64M | -2.2% |
SBSI insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 20, 2026 | Burchard Curtisofficer: CHIEF LENDING OFFICER | Tax | 351 | $34.84 |
| Jun 22, 2026 | Anthony Sherriofficer: Chief Banking Officer | Tax | 128 | $33.63 |
| Jun 22, 2026 | Martinez Anneofficer: CRO | Tax | 176 | $33.63 |
| Jun 22, 2026 | PINKLEY APRILofficer: CAO | Tax | 135 | $33.63 |
| Jun 9, 2026 | Craddock John Mitchell Jr.officer: Chief Operating Officer | Sell | 486 | $33.38 |
| Jun 2, 2026 | Green Jared C.officer: Regional President, ETX | Tax | 75 | $32.76 |
| Jun 2, 2026 | Craddock John Mitchell Jr.officer: Chief Operating Officer | Tax | 206 | $32.76 |
| May 18, 2026 | ANDERSON SUSAN ELAINEdirector | Grant | 1,246 | — |
| May 18, 2026 | Frailey Alton L.director | Grant | 2,337 | — |
| May 18, 2026 | GIBSON LEE Rdirector | Grant | 1,246 | — |
| May 18, 2026 | ANDERSON LAWRENCE LAZELLEdirector | Grant | 1,673 | — |
| May 18, 2026 | SHANDS HILLIARD Jdirector | Grant | 1,246 | — |
| May 18, 2026 | Jones Jeb Weldondirector | Grant | 1,246 | — |
| May 18, 2026 | CALLAN PATRICIA ANNdirector | Grant | 1,246 | — |
| May 18, 2026 | Garrett John Robertdirector, other: COB | Grant | 1,246 | — |
Source: SBSI SEC Form 4 filings, latest Jul 20, 2026. For informational purposes only — not investment advice.
See the full SBSI insider & 13F page →Southside Bancshares, Inc. company profile
Overview
Southside Bancshares, Inc. (NASDAQ:SBSI) is a regional bank holding company founded in 1960 and headquartered in Tyler, Texas. The company operates as the parent organization of Southside Bank, which provides comprehensive financial services throughout Texas. Since going public in 1998, Southside has grown to become a significant regional banking institution with 56 banking facilities and 73 ATMs/ITMs across the state. The bank serves individuals, businesses, municipal entities, and nonprofit organizations primarily in East Texas and the Houston metropolitan area, with recent expansion efforts focused on major Texas markets along the I-35 corridor.
Business
Southside Bancshares operates in the regional banking industry, providing traditional commercial banking services through its subsidiary Southside Bank. The company's core business revolves around accepting deposits from customers and lending those funds to borrowers, earning profit from the interest rate spread between what it pays depositors and what it charges borrowers. The bank's primary offerings include deposit products such as checking accounts (both interest-bearing and non-interest-bearing), savings accounts, money market accounts, and certificates of deposit. These products serve as the bank's primary funding source, allowing customers to safely store their money while earning interest. On the lending side, Southside operates several key loan portfolios representing different market segments. Commercial real estate loans constitute the largest portion of the loan book, providing financing for income-producing properties like office buildings, retail centers, and apartment complexes. Construction loans fund the development of both residential and commercial properties during the building phase. The bank also offers consumer loans including residential mortgages (1-4 family homes), home equity loans, automobile loans, and other personal financing needs. Commercial and industrial (C&I) loans provide working capital and equipment financing to businesses, while municipal loans serve local government entities. Beyond traditional banking, Southside provides wealth management and trust services including investment management, estate planning, and custodial services for individuals and corporations. The bank also offers safe deposit boxes and brokerage services to round out its financial services portfolio. Based on recent financial data, commercial real estate lending represents approximately 40-45% of the loan portfolio, construction loans account for roughly 25-30%, while consumer loans and C&I lending make up the remainder. The bank has been strategically expanding its C&I lending capabilities to diversify away from heavy real estate concentration.
Revenue model
Southside Bancshares generates revenue primarily through net interest income - the difference between interest earned on loans and securities investments versus interest paid on deposits and borrowed funds. This traditional banking model depends on maintaining a positive interest rate spread, with the bank currently operating at a net interest margin of approximately 2.86-2.95%. The bank's loan portfolio of $4.66 billion represents its primary earning asset, generating interest income from borrowers across commercial real estate, construction, consumer, and municipal lending segments. Additionally, the bank maintains a securities portfolio of approximately $2.74 billion, primarily consisting of U.S. government agency mortgage-backed securities and municipal bonds that provide steady interest income. Non-interest income contributes a smaller but growing portion of revenue through wealth management fees, trust services, deposit service charges, and loan origination fees. The wealth management division is expected to grow revenue by approximately 16% annually as the bank expands this higher-margin business line. Several factors significantly impact the bank's profitability margins. Interest rate environment changes directly affect both funding costs and loan yields - rising rates generally benefit the bank's asset-sensitive position, while falling rates can compress margins. Deposit competition in Texas markets influences funding costs, as the bank must offer competitive rates to retain customers while managing expense ratios. Credit quality affects margins through loan loss provisions - economic downturns or specific industry stress (like oil and gas, which represents 2.4% of loans) can increase credit costs. Regulatory capital requirements influence the bank's ability to grow and leverage its balance sheet efficiently. Finally, operational efficiency through expense management directly impacts the bottom line, with the bank targeting efficiency ratios in the low-to-mid 50% range.
Competitive moat
Southside Bancshares operates with a modest but meaningful competitive moat typical of well-established regional banks, though this moat faces ongoing challenges from larger competitors and technological disruption. The bank's primary competitive advantages stem from its local market knowledge and relationships built over six decades of operation in Texas. This deep community presence creates switching costs for customers who value personalized service and local decision-making that larger national banks often cannot provide. The bank's deposit franchise represents a relatively stable, low-cost funding source compared to wholesale funding markets, providing some insulation from interest rate volatility. Regulatory barriers to entry in banking create some protection, as new bank charters require significant capital, regulatory approval, and time to establish. Southside's existing infrastructure of 56 branches and established operational systems would be expensive for new entrants to replicate. However, the bank's moat faces significant pressures. Larger regional and national banks can offer more sophisticated products, better technology platforms, and more competitive pricing due to their scale advantages. Fintech companies are increasingly capturing market share in consumer banking, payments, and lending through superior digital experiences. Credit unions and other community financial institutions compete directly for the same local customer base, often with tax advantages. The bank's heavy concentration in commercial real estate lending creates both opportunity and vulnerability - while this specialization provides expertise and relationships, it also concentrates risk in a cyclical sector. Southside's recent push into C&I lending represents an attempt to diversify this concentration, but success is not guaranteed given the competitive nature of commercial lending. Overall, Southside maintains a defensive but not particularly strong competitive position, relying primarily on local relationships and service quality rather than unique products or significant cost advantages.
Risks & safety
Southside Bancshares demonstrates a strong margin of safety with solid capitalization, manageable risk exposure, and reasonable valuation metrics. **Liquidity and Solvency:** - Cash and short-term investments: $397 million providing substantial liquidity buffer - Total liquidity resources: $2.2 billion including available credit lines - Debt-to-equity ratio: 1.20x, indicating moderate leverage typical for banks - Well-capitalized status with capital ratios above regulatory minimums - No immediate solvency concerns given strong capital position **Asset Quality:** - Nonperforming assets: 0.39% of total assets (very low) - Allowance for loan losses: 0.96% of total loans (adequate coverage) - Oil and gas exposure: Only 2.4% of loan portfolio (limited concentration risk) - Strong credit metrics with minimal charge-offs historically **Valuation Metrics:** - Price-to-earnings ratio: 10.2x (reasonable for regional bank) - Price-to-book ratio: 1.08x (modest premium to book value) - Return on equity: 10.9% (solid profitability) - Efficiency ratio: ~53% (acceptable operational efficiency) **Other Considerations:** - Geographic concentration in Texas provides both stability and risk - Interest rate sensitivity creates earnings volatility but bank is positioned for rate cuts - Dividend sustainability supported by consistent profitability - Share buyback program indicates management confidence in valuation
Recent development
Over the past few years, Southside Bancshares has undertaken several strategic initiatives to diversify its business model and improve long-term growth prospects. The most significant development has been the bank's expansion into commercial and industrial (C&I) lending, moving beyond its traditional focus on real estate-heavy lending. Starting in 2024, the bank hired relationship managers in Houston and began building C&I teams with plans to expand into Dallas-Fort Worth and Austin markets. This initiative aims to reduce the bank's concentration in commercial real estate, which has historically dominated the loan portfolio. The bank has also been actively restructuring its securities portfolio to optimize yield and reduce interest rate risk. In 2023, management sold $388 million of lower-yielding available-for-sale securities and reinvested in premium U.S. agency mortgage-backed securities. Additionally, the bank implemented fair value swaps on approximately $743 million of municipal securities to reduce portfolio volatility. More recently, in 2024, the bank restructured another $120 million of premium mortgage-backed securities to reduce prepayment risk. Wealth management and trust services have emerged as a key growth area, with management projecting at least 16% revenue growth in this higher-margin business segment. The bank has been repricing services and focusing on new client acquisition to build this fee-based income stream. Operationally, Southside has implemented cost containment measures including workforce reductions that saved approximately $600,000 annually, while simultaneously investing in technology and talent for growth initiatives. The bank has also been evaluating merger and acquisition opportunities, particularly targeting institutions along the I-35 corridor through Texas, with management indicating interest in banks with assets between $1.2 billion and $3 billion. Throughout this period, the bank has maintained its commitment to capital return through share buyback programs and dividend payments, while preserving flexibility for potential acquisitions and strategic investments.
SBSI company profile · for informational purposes only — not investment advice.
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