Southside Bancshares, Inc. operates as the bank holding company for Southside Bank that provides a range of financial services to individuals, businesses, municipal entities, and nonprofit organizations. Its deposit products include savings, money market, and interest and noninterest bearing checking accounts, as well as certificates of deposit. The company's loan portfolio comprises consumer loans that include 1-4 family residential loans, home equity loans, home improvement loans, automobile loans, and other consumer related loans; commercial loans, such as short-term working capital loans for inventory and accounts receivable, short and medium-term loans for equipment or other business capital expansion, commercial real estate loans, and municipal loans; and construction loans for 1-4 family residential and commercial real estate. It also offers wealth management and trust services consisting of investment management, administration, revocable and testamentary trusts, and custodian services for individuals, partnerships, and corporations; safe deposit services; and brokerage services. As of December 31, 2020, the company operated through 57 banking facilities and 79 ATMs/ITMs. Southside Bancshares, Inc. was founded in 1960 and is headquartered in Tyler, Texas.
IPO Year:
Exchange: NASDAQ
Website: southside.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/29/2024 | $31.00 → $37.00 | Market Perform | Hovde Group |
| 5/9/2024 | $35.00 → $31.00 | Market Perform | Hovde Group |
| 12/20/2021 | $45.00 | Equal-Weight | Stephens |
| 7/26/2021 | $42.00 → $39.00 | Market Perform | Hovde Group |
SC 13G/A - SOUTHSIDE BANCSHARES INC (0000705432) (Subject)
SC 13G/A - SOUTHSIDE BANCSHARES INC (0000705432) (Subject)
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4 - SOUTHSIDE BANCSHARES INC (0000705432) (Issuer)
TYLER, Texas, Nov. 07, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Southside Bancshares, Inc., (NASDAQ:SBSI), parent company of Southside Bank declared a regular quarterly cash dividend of $0.36 per common share. The cash dividend of $0.36 is scheduled for payment on December 6, 2024, to common stock shareholders of record on November 21, 2024. About Southside Bancshares, Inc. Southside Bancshares, Inc. is a bank holding company headquartered in Tyler, Texas, with approximately $8.36 billion in assets as of September 30, 2024, that wholly-owns Southside Bank. Southside Bank currently operates 53 branches and a network of 72 ATMs/ITMs throughout East Texas, Southeast Texas and the
TYLER, Texas, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (NASDAQ:SBSI) (the "Company" or "Southside"), the parent company of Southside Bank, announced today that it is transferring the listing of its common stock to the New York Stock Exchange ("NYSE") from the Nasdaq Global Select Market ("Nasdaq"). Southside's common stock is expected to begin trading on the NYSE on November 15, 2024, under the existing ticker symbol of "SBSI". Southside expects its common stock to continue to trade on Nasdaq until the close of the market on November 14, 2024. "We are excited to announce the transfer of Southside's stock listing to the NYSE," said Lee R. Gibson, Chief Executive Officer
Third quarter net income of $20.5 million;Third quarter earnings per diluted common share of $0.68;Annualized return on third quarter average assets of 0.98%;Annualized return on third quarter average tangible common equity of 13.69%(1); andNonperforming assets remain low at 0.09% of total assets. TYLER, Texas, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. ("Southside" or the "Company") (NASDAQ:SBSI) today reported its financial results for the quarter ended September 30, 2024. Southside reported net income of $20.5 million for the three months ended September 30, 2024, an increase of $2.1 million, or 11.2%, compared to $18.4 million for the same period in 2023. Earnings p
TYLER, Texas, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. ("Southside") (NASDAQ:SBSI), the holding company for Southside Bank, announced today it will release its third quarter financial results before the market opens on Thursday, October 24, 2024. Southside will host a conference call to discuss its results on Thursday, October 24, 2024, at 11:00 a.m. CDT. The call will be hosted by Lee R. Gibson, CEO, Julie Shamburger, CFO, and Lindsey Bailes, VP, Investor Relations. Following prepared remarks there will be a question and answer session for the analyst community. The Conference Call Details The conference call can be accessed by webcast, for listen-only mode, h
TYLER, Texas, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Southside Bank, a subsidiary of Southside Bancshares, Inc. (NASDAQ:SBSI), has announced the opening of a new Loan Production Office (LPO) at 9595 Six Pines Drive, Bld 8, Level 2, Ste 8210 in The Woodlands. The Bank indicated their new LPO, opened on September 3, 2024, will specifically target the Commercial & Industrial (C&I) sector and business owners in greater North Houston and the surrounding areas. This expansion represents Southside's continued commitment to providing exceptional financial solutions and strengthening their presence in key Texas markets. Amos McDonald has been appointed as Southside Bank Market President for North Hous
TYLER, Texas, Aug. 08, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Southside Bancshares, Inc., (NASDAQ:SBSI), parent company of Southside Bank declared a regular quarterly cash dividend of $0.36 per common share. The cash dividend of $0.36 is scheduled for payment on September 5, 2024, to common stock shareholders of record on August 22, 2024. About Southside Bancshares, Inc. Southside Bancshares, Inc. is a bank holding company headquartered in Tyler, Texas, with approximately $8.36 billion in assets as of June 30, 2024, that wholly-owns Southside Bank. Southside Bank currently operates 54 branches and a network of 73 ATMs/ITMs throughout East Texas, Southeast Texas and the greate
Second quarter net income of $24.7 million;Second quarter earnings per diluted common share of $0.81;Annualized return on second quarter average assets of 1.19%;Annualized return on second quarter average tangible common equity of 16.90%(1); andNonperforming assets remain low at 0.08% of total assets. TYLER, Texas, July 25, 2024 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. ("Southside" or the "Company") (NASDAQ:SBSI) today reported its financial results for the quarter ended June 30, 2024. Southside reported net income of $24.7 million for the three months ended June 30, 2024, a decrease of $0.2 million, or 0.9%, compared to $24.9 million for the same period in 2023. Earnings per dilute
TYLER, Texas, July 11, 2024 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. ("Southside") (NASDAQ:SBSI), the holding company for Southside Bank, announced today it will release its second quarter financial results before the market opens on Thursday, July 25, 2024. Southside will host a conference call to discuss its results on Thursday, July 25, 2024, at 11:00 a.m. CDT. The call will be hosted by Lee R. Gibson, CEO, Julie Shamburger, CFO, and Suni Davis, CRO. Following prepared remarks there will be a question and answer session for the analyst community. The Conference Call Details The conference call can be accessed by webcast, for listen-only mode, here or on the company websit
TYLER, Texas, May 09, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Southside Bancshares, Inc., (NASDAQ:SBSI), parent company of Southside Bank declared a regular quarterly cash dividend of $0.36 per common share. The cash dividend of $0.36 is scheduled for payment on June 6, 2024, to common stock shareholders of record on May 23, 2024. About Southside Bancshares, Inc. Southside Bancshares, Inc. is a bank holding company headquartered in Tyler, Texas, with approximately $8.35 billion in assets as of March 31, 2024, that wholly-owns Southside Bank. Southside Bank currently operates 54 branches and a network of 73 ATMs/ITMs throughout East Texas, Southeast Texas and the greater Dallas
First quarter net income of $21.5 million; Linked quarter loan growth of 1.2%; First quarter earnings per diluted common share of $0.71; Annualized return on first quarter average assets of 1.03%; Annualized return on first quarter average tangible common equity of 15.07%(1); and Nonperforming assets remain low at 0.10% of total assets. TYLER, Texas, April 25, 2024 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. ("Southside" or the "Company") (NASDAQ:SBSI) today reported its financial results for the quarter ended March 31, 2024. Southside reported net income of $21.5 million for the three months ended March 31, 2024, a decrease of $4.5 million, or 17.4%, compared to $26.0 million for
TYLER, Texas, Nov. 07, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Southside Bancshares, Inc., (NASDAQ:SBSI), parent company of Southside Bank declared a regular quarterly cash dividend of $0.36 per common share. The cash dividend of $0.36 is scheduled for payment on December 6, 2024, to common stock shareholders of record on November 21, 2024. About Southside Bancshares, Inc. Southside Bancshares, Inc. is a bank holding company headquartered in Tyler, Texas, with approximately $8.36 billion in assets as of September 30, 2024, that wholly-owns Southside Bank. Southside Bank currently operates 53 branches and a network of 72 ATMs/ITMs throughout East Texas, Southeast Texas and the
Third quarter net income of $20.5 million;Third quarter earnings per diluted common share of $0.68;Annualized return on third quarter average assets of 0.98%;Annualized return on third quarter average tangible common equity of 13.69%(1); andNonperforming assets remain low at 0.09% of total assets. TYLER, Texas, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. ("Southside" or the "Company") (NASDAQ:SBSI) today reported its financial results for the quarter ended September 30, 2024. Southside reported net income of $20.5 million for the three months ended September 30, 2024, an increase of $2.1 million, or 11.2%, compared to $18.4 million for the same period in 2023. Earnings p
TYLER, Texas, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. ("Southside") (NASDAQ:SBSI), the holding company for Southside Bank, announced today it will release its third quarter financial results before the market opens on Thursday, October 24, 2024. Southside will host a conference call to discuss its results on Thursday, October 24, 2024, at 11:00 a.m. CDT. The call will be hosted by Lee R. Gibson, CEO, Julie Shamburger, CFO, and Lindsey Bailes, VP, Investor Relations. Following prepared remarks there will be a question and answer session for the analyst community. The Conference Call Details The conference call can be accessed by webcast, for listen-only mode, h
TYLER, Texas, Aug. 08, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Southside Bancshares, Inc., (NASDAQ:SBSI), parent company of Southside Bank declared a regular quarterly cash dividend of $0.36 per common share. The cash dividend of $0.36 is scheduled for payment on September 5, 2024, to common stock shareholders of record on August 22, 2024. About Southside Bancshares, Inc. Southside Bancshares, Inc. is a bank holding company headquartered in Tyler, Texas, with approximately $8.36 billion in assets as of June 30, 2024, that wholly-owns Southside Bank. Southside Bank currently operates 54 branches and a network of 73 ATMs/ITMs throughout East Texas, Southeast Texas and the greate
Second quarter net income of $24.7 million;Second quarter earnings per diluted common share of $0.81;Annualized return on second quarter average assets of 1.19%;Annualized return on second quarter average tangible common equity of 16.90%(1); andNonperforming assets remain low at 0.08% of total assets. TYLER, Texas, July 25, 2024 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. ("Southside" or the "Company") (NASDAQ:SBSI) today reported its financial results for the quarter ended June 30, 2024. Southside reported net income of $24.7 million for the three months ended June 30, 2024, a decrease of $0.2 million, or 0.9%, compared to $24.9 million for the same period in 2023. Earnings per dilute
TYLER, Texas, July 11, 2024 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. ("Southside") (NASDAQ:SBSI), the holding company for Southside Bank, announced today it will release its second quarter financial results before the market opens on Thursday, July 25, 2024. Southside will host a conference call to discuss its results on Thursday, July 25, 2024, at 11:00 a.m. CDT. The call will be hosted by Lee R. Gibson, CEO, Julie Shamburger, CFO, and Suni Davis, CRO. Following prepared remarks there will be a question and answer session for the analyst community. The Conference Call Details The conference call can be accessed by webcast, for listen-only mode, here or on the company websit
TYLER, Texas, May 09, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Southside Bancshares, Inc., (NASDAQ:SBSI), parent company of Southside Bank declared a regular quarterly cash dividend of $0.36 per common share. The cash dividend of $0.36 is scheduled for payment on June 6, 2024, to common stock shareholders of record on May 23, 2024. About Southside Bancshares, Inc. Southside Bancshares, Inc. is a bank holding company headquartered in Tyler, Texas, with approximately $8.35 billion in assets as of March 31, 2024, that wholly-owns Southside Bank. Southside Bank currently operates 54 branches and a network of 73 ATMs/ITMs throughout East Texas, Southeast Texas and the greater Dallas
First quarter net income of $21.5 million; Linked quarter loan growth of 1.2%; First quarter earnings per diluted common share of $0.71; Annualized return on first quarter average assets of 1.03%; Annualized return on first quarter average tangible common equity of 15.07%(1); and Nonperforming assets remain low at 0.10% of total assets. TYLER, Texas, April 25, 2024 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. ("Southside" or the "Company") (NASDAQ:SBSI) today reported its financial results for the quarter ended March 31, 2024. Southside reported net income of $21.5 million for the three months ended March 31, 2024, a decrease of $4.5 million, or 17.4%, compared to $26.0 million for
TYLER, Texas, April 11, 2024 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. ("Southside") (NASDAQ:SBSI), the holding company for Southside Bank, announced today it will release its first quarter financial results before the market opens on Thursday, April 25, 2024. Southside will host a conference call to discuss its results on Thursday, April 25, 2024 at 11:00 a.m. CDT. The call will be hosted by Lee R. Gibson, President and CEO, Julie Shamburger, CFO and Lindsey Bailes, VP, Investor Relations. Following prepared remarks there will be a question and answer session for the analyst community. The Conference Call Details The conference call can be accessed by webcast, for listen-onl
TYLER, Texas, Feb. 01, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Southside Bancshares, Inc., (NASDAQ:SBSI), parent company of Southside Bank, approved a 2.9% increase to the regular quarterly cash dividend of $0.01, to $0.36 per common share and declared a regular quarterly cash dividend of $0.36 per common share. The cash dividend of $0.36 is scheduled for payment on February 29, 2024, to common stock shareholders of record on February 15, 2024. "We are proud to continue our long history of increases to the quarterly dividend," stated Lee R. Gibson, President and Chief Executive Officer of Southside Bancshares, Inc. "We remain committed to returning capital to our shareholders a
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Hovde Group reiterated coverage of Southside Banc with a rating of Market Perform and set a new price target of $37.00 from $31.00 previously
Hovde Group reiterated coverage of Southside Banc with a rating of Market Perform and set a new price target of $31.00 from $35.00 previously
Stephens initiated coverage of Southside Banc with a rating of Equal-Weight and set a new price target of $45.00
Hovde Group reiterated coverage of Southside Banc with a rating of Market Perform and set a new price target of $39.00 from $42.00 previously
TYLER, Texas, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Southside Bank, a subsidiary of Southside Bancshares, Inc. (NASDAQ:SBSI), has announced the opening of a new Loan Production Office (LPO) at 9595 Six Pines Drive, Bld 8, Level 2, Ste 8210 in The Woodlands. The Bank indicated their new LPO, opened on September 3, 2024, will specifically target the Commercial & Industrial (C&I) sector and business owners in greater North Houston and the surrounding areas. This expansion represents Southside's continued commitment to providing exceptional financial solutions and strengthening their presence in key Texas markets. Amos McDonald has been appointed as Southside Bank Market President for North Hous
TYLER, Texas, Dec. 20, 2021 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (the "Company") (NASDAQ:SBSI), the holding company of Southside Bank (the "Bank"), announced the appointment of Alton L. Frailey to the Company's board of directors on November 24, 2021, effective January 1, 2022, increasing the size of the Company's board to 17 members. Mr. Frailey was also appointed to the Bank's board of directors, effective January 1, 2022, increasing the size of the Bank board to 18 members. Residing in the greater Houston area, Mr. Frailey is President of Alton L. Frailey & Associates, LLC, specializing in leadership development, community engagement, school board team building and executive
TYLER, Texas, Jan. 12, 2021 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside”) (NASDAQ:SBSI), the holding company of Southside Bank, has been named one of the Top 10 Banking Powerhouses in America by Bank Director. The 2021 RankingBanking study of performance powerhouse banks (the “Study”) also ranked Southside as one of the top three banks in America for creating long-term value, named the board of directors the best in Texas, and identified Southside as the best bank to work for in Texas. According to the Federal Deposit Insurance Corporation, there are currently just over 5,000 federally-insured banking institutions in America. Bank Director, the leading information resource
Southside Bancshares (NASDAQ:SBSI) reported quarterly earnings of $0.81 per share which beat the analyst consensus estimate of $0.64 by 26.56 percent. The company reported quarterly sales of $65.165 million which beat the analyst consensus estimate of $64.845 million by 0.49 percent. This is a 1.22 percent increase over sales of $64.380 million the same period last year.
- SEC Filing
Southside Bancshares (NASDAQ:SBSI) reported quarterly earnings of $0.71 per share which beat the analyst consensus estimate of $0.68 by 4.41 percent. This is a 14.46 percent decrease over earnings of $0.83 per share from the same period last year. The company reported quarterly sales of $63.072 million which missed the analyst consensus estimate of $67.725 million by 6.87 percent. This is a 3.54 percent decrease over sales of $65.386 million the same period last year.
Southside Bancshares (NASDAQ:SBSI) reported quarterly earnings of $0.57 per share which missed the analyst consensus estimate of $0.66 by 13.64 percent. This is a 34.48 percent decrease over earnings of $0.87 per share from the same period last year. The company reported quarterly sales of $56.99 million which missed the analyst consensus estimate of $64.82 million by 12.09 percent. This is a 15.71 percent decrease over sales of $67.61 million the same period last year.
Companies Reporting Before The Bell • Autoliv (NYSE:ALV) is projected to report quarterly earnings at $3.23 per share on revenue of $2.75 billion. • Gentex (NASDAQ:GNTX) is expected to report quarterly earnings at $0.44 per share on revenue of $559.48 million. • Norfolk Southern (NYSE:NSC) is expected to report quarterly earnings at $2.87 per share on revenue of $3.08 billion. • Oxford Lane Capital (NASDAQ:OXLC) is likely to report earnings for its third quarter. • Badger Meter (NYSE:BMI) is estimated to report quarterly earnings at $0.82 per share on revenue of $182.32 million. • American Express (NYSE:AXP) is estimated to report quarterly earnings at $2.64 per share on revenue of $16
Southside Bancshares (NASDAQ:SBSI) is set to give its latest quarterly earnings report on Friday, 2024-01-26. Here's what investors need to know before the announcement. Analysts estimate that Southside Bancshares will report an earnings per share (EPS) of $0.66. Southside Bancshares bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Past Earnings Performance Last quarter the company missed EPS by $0.12, which was followed by a 1.9
What Defines a Value Stock? A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. Benzinga Insights has compiled a list of value stocks in the financial services sector that may be worth watching: Heritage Insurance Hldgs (NYSE:HRTG) - P/E: 7.82 Sprott Focus Trust (NASDAQ:FUND) - P/E: 6.82 Great Elm Capital (NASDAQ:GECC) - P/E: 5.88 Southside Bancshares (NASDAQ:SBSI) - P/E: 9.05 First Busey (NASDAQ:BUSE) - P/E: 9.02 This quarter, Heritage Insurance Hldgs experienced a decrease in earni
Companies Reporting Before The Bell • TotalEnergies (NYSE:TTE) is likely to report quarterly earnings at $2.57 per share on revenue of $49.83 billion. • ASE Tech Holding Co (NYSE:ASX) is projected to report quarterly earnings at $0.13 per share on revenue of $5.12 billion. • Takeda Pharmaceutical (NYSE:TAK) is expected to report earnings for its second quarter. • STMicroelectronics (NYSE:STM) is likely to report quarterly earnings at $1.09 per share on revenue of $4.38 billion. • Pharming (NASDAQ:PHAR) is projected to report earnings for its third quarter. • Manchester United (NYSE:MANU) is estimated to report quarterly loss at $0.06 per share on revenue of $186.62 million. • Naas Tec
Southside Bancshares (NASDAQ:SBSI) reported quarterly earnings of $0.60 per share which missed the analyst consensus estimate of $0.72 by 16.67 percent. This is a 28.57 percent decrease over earnings of $0.84 per share from the same period last year. The company reported quarterly sales of $64.10 million which missed the analyst consensus estimate of $68.18 million by 5.98 percent. This is a 2.56 percent decrease over sales of $65.78 million the same period last year.