Southside Bancshares Inc SBSI

FinancialsBanking ServicesUnited States of America

Last close 35.44 USD on Nov 2, 2026, +20.6% year to date

Quant rating

Quant rating C Rank 380 of 799 in Financials

Growth C 524 of 799
Valuation A 119 of 799
Quality D 695 of 799
Revisions B 219 of 799
Momentum C 341 of 799

Wall Street consensus Hold (3.00)Average target 35.00 USD −1.2%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 1.1B
Enterprise value: 2.1B
52-week range: 27.90 – 36.15
3-year range: 26.44 – 36.15
Dividend yield: 4.40%
Beta (5 years): –
Shares outstanding: 29.8M
Next earnings: Jan 27, 2027

About the company

Southside Bancshares, Inc. is a bank holding company for Southside Bank. The Company operates through approximately 53 branches, 12 of which are located in grocery stores, in addition to wealth management and trust services, and/or loan production, brokerage or other financial services offices. It is a community-focused financial institution that offers a range of financial services to individuals, businesses, municipal entities and nonprofit organizations in the communities that it serves. Its consumer loan services include 1-4 family residential loans, home equity loans, home improvement loans, automobile loans and other consumer-related loans. Its commercial loan services include 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. The Company's trust and wealth management services include investment management, and others.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	403	414	360	253	216	–
Revenue growth	−2.7%	15.2%	42.2%	17.1%	−6.8%	11.7%
EPS (basic, normalized)	2.30	2.92	2.82	3.27	3.51	–
EPS growth	−21.4%	3.4%	−13.7%	−6.9%	16.7%	−5.3%
Gross margin	–	–	–	–	–	–
Net margin	17.2%	21.3%	24.1%	41.5%	52.5%	31.3%
ROE	–	11.0%	11.5%	13.4%	12.8%	12.2%

Balance sheet, last quarter
Cash & short-term investments (mil)	–
Tier 1 risk-adjusted capital ratio	13.9%
Long-term debt (mil)	208
Net debt (mil)	–
Total equity (mil)	843
Net debt / equity	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			Book value per share			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	P/B	Mean est.	Growth	P/E
2025 actual	403	−2.7%	5.2x	28.52	+6.7%	1.2x	2.29	−21.3%	15.5x
2026	293	−27.4%	7.1x	30.19	+5.9%	1.2x	3.42	+49.4%	10.4x
2027	302	+3.3%	6.9x	32.29	+7.0%	1.1x	3.40	−0.5%	10.4x
2028	314	+4.0%	6.6x	34.97	+8.3%	1.0x	3.51	+3.1%	10.1x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	293	+0.4%	+0.4%	−2.1%	3.42	+4.2%	+4.2%	+0.9%
2027	302	+0.6%	+0.6%	−3.2%	3.40	+5.3%	+5.1%	−2.0%
2028	314	+0.2%	–	–	3.51	+0.6%	–	–

Earnings surprises EPS beat in 2 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	63.1	65.2	63.6	66.0	64.1	66.4	67.7	62.8	70.3	71.3
Sales mean (mil)	67.7	64.8	68.4	68.1	67.3	68.0	70.3	71.7	71.0	74.9
Surprise	−6.9%	+0.5%	−7.0%	−3.1%	−4.8%	−2.3%	−3.7%	−12.4%	−1.1%	−4.8%
EPS reported	0.71	0.81	0.68	0.71	0.71	0.72	0.16	0.70	0.81	0.90
EPS mean	0.68	0.64	0.73	0.71	0.68	0.68	0.72	0.79	0.76	0.86
Surprise	+4.9%	+27.2%	−7.3%	−0.7%	+5.2%	+5.9%	−77.7%	−11.1%	+6.3%	+4.7%

Peer comparison Banking Services

Peers in the same industry group, by market capitalization
Company	Market cap	Tier 1 ratio	Net margin	Deposits/loans	FY1 P/E	FY2 P/E	FY1 P/B	FY2 P/B
SBSI Southside Bancshares Inc	1.1B	13.9%	17.2%	1.44x	10.4x	10.4x	1.2x	1.1x
MBWM Mercantile Bank Corporation	1.1B	12.3%	26.9%	1.11x	11.0x	10.5x	1.4x	1.2x
Mean		13.1%	22.0%	1.27x	10.7x	10.5x	1.3x	1.2x
Median		13.1%	22.0%	1.27x	10.7x	10.5x	1.3x	1.2x

Technical analysis

1M+15.3%
3M+10.3%
1Y+32.0%
3Y+8.7%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Southside Bancshares Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Interest income	403	414	360	253	216	232
Total interest expense	182	198	145	40.6	26.4	44.6
Net interest income	221	216	215	212	190	187
Loan loss provision	3.1	3.3	9.2	3.2	−17.0	–
Net interest income after loan loss provision	218	213	206	209	207	187
Non-interest income	16.0	41.7	35.8	40.9	49.3	49.7
Non-interest expense	−151	−147	−141	−130	−125	−144
Net income before taxes	82.6	107	101	120	131	93.5
Provision for taxes	13.4	18.9	14.4	14.6	17.4	11.3
Minority interest & equity in affiliates	–	–	–	–	–	–
Other	0	0	0	0	0	0
Net income before extraordinary items	69.2	88.5	86.7	105	113	82.2
Extraordinary items	–	–	–	–	–	–
Net income	69.2	88.5	86.7	105	113	82.2
Basic weighted average shares (mil)	30.1	30.3	30.7	32.1	32.6	33.2
Diluted weighted average shares (mil)	30.2	30.4	30.8	32.3	32.7	33.3
Basic EPS excluding extraordinary items	2.30	2.92	2.82	3.27	3.48	2.47
Basic EPS, normalized	2.30	2.92	2.82	3.27	3.51	3.01

Balance sheet in millions of USD, fiscal years

Balance sheet, Southside Bancshares Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & due from banks	81.1	91.4	122	106	91.1	87.4
Other earning assets	3,028	3,184	3,065	2,729	2,982	3,155
Net loans	4,773	4,617	4,482	4,111	3,610	3,200
Property, plant & equipment	165	156	154	157	158	160
Goodwill	201	201	201	201	201	201
Intangibles	1.0	1.8	2.9	4.6	6.9	9.7
Long-term investments	9.6	9.5	9.7	11.2	11.8	11.9
Other long-term assets	27.1	34.5	30.4	34.7	–	–
Other assets	229	223	218	204	199	183
Total assets	8,515	8,517	8,285	7,559	7,260	7,008
Liabilities
Accounts payable	–	–	–	–	–	–
Payable/accrued	–	–	–	–	–	–
Accrued expenses	14.3	15.8	16.7	17.1	16.7	16.7
Total deposits	6,865	6,654	6,550	6,198	5,722	4,932
Other bearing liabilities	211	732	213	153	344	833
Short-term borrowings	209	76.4	510	221	23.2	23.2
Current portion of long-term debt	–	–	–	–	–	–
Long-term debt	300	152	154	159	159	258
Minority interest	–	–	–	–	–	–
Other liabilities	67.7	74.8	68.6	64.1	82.4	70.7
Total liabilities	7,667	7,706	7,512	6,813	6,347	6,133
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	47.6	47.6	47.5	47.5	47.5	47.4
Additional paid-in capital	796	794	789	785	781	772
Retained earnings (accumulated deficit)	352	327	282	240	180	111
Treasury stock	−252	−231	−232	−188	−155	−124
Other equity	−95.6	−125	−113	−137	59.7	69.1
Total equity	848	812	773	746	912	875
Total liabilities & shareholders' equity	8,515	8,517	8,285	7,559	7,260	7,008

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Southside Bancshares Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	69.2	88.5	86.7	105	113	82.2
Depreciation, depletion & amortization	10.6	10.5	10.6	11.1	11.4	12.1
Deferred taxes	−0.4	−1.0	−2.1	−0.1	4.8	−4.4
Non-cash items	14.2	13.0	3.2	22.0	26.4	27.5
Changes in working capital	0.1	−9.1	−18.5	88.4	0.1	−26.7
Cash from operations	93.8	102	79.9	227	156	90.5
Investing activities
Capital expenditures	−20.3	−11.2	−6.9	−9.3	−8.4	−11.4
Other investing cash flows	−13.9	−372	−320	−625	−186	−212
Cash from investing	−34.2	−383	−327	−635	−194	−224
Financing activities
Financing cash flow items	−178	190	699	482	301	104
Cash dividends paid	−43.4	−43.6	−43.6	−44.9	−44.6	−43.2
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	126	0.5	−46.9	−31.7	−125	70.6
Cash from financing	−96.0	147	608	406	131	131
Foreign exchange effects	–	–	–	–	–	–
Net change in cash	−36.4	−134	361	−2.5	93.3	−2.3
Free cash flow	73.5	90.7	73.0	217	148	79.1

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.