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Last $26.66 USD
Change Today +0.08 / 0.30%
Volume 27.1K
SBSI On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 2:32 PM 05/6/15 All times are local (Market data is delayed by at least 15 minutes).

southside bancshares inc (SBSI) Snapshot

Open
$26.73
Previous Close
$26.58
Day High
$27.13
Day Low
$26.62
52 Week High
11/14/14 - $33.18
52 Week Low
05/15/14 - $23.93
Market Cap
678.0M
Average Volume 10 Days
78.0K
EPS TTM
$1.50
Shares Outstanding
25.3M
EX-Date
02/24/15
P/E TM
17.8x
Dividend
$0.88
Dividend Yield
3.49%
Current Stock Chart for SOUTHSIDE BANCSHARES INC (SBSI)

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southside bancshares inc (SBSI) Details

Southside Bancshares, Inc. operates as the holding company for Southside Bank that provides financial products and 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 consisting of 1-4 family residential mortgage, home equity, home improvement, automobile, and other installment 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 provides trust services, including investment management, administration, and advisory services for individuals, partnerships, and corporations; safe deposit services; and brokerage services. The company operates through 64 branches and 26 motor bank facilities located in Tyler, Longview, Lindale, Gresham, Jacksonville, Bullard, Chandler, Hawkins, Seven Points, Palestine, Forney, Gun Barrel City, Athens, Whitehouse, Fort Worth, Arlington, Cleburne, Euless, Flower Mound, Granbury, Grapevine, Irving, Watauga, Weatherford, and Austin; and a network of 70 automated teller machines. Southside Bancshares, Inc. was founded in 1960 and is headquartered in Tyler, Texas.

813 Employees
Last Reported Date: 03/12/15
Founded in 1960

southside bancshares inc (SBSI) Top Compensated Officers

Chief Executive Officer, President, Secretary...
Total Annual Compensation: $535.0K
Chief Financial Officer, Senior Executive Vic...
Total Annual Compensation: $472.9K
Regional President of Central Texas and Advis...
Total Annual Compensation: $405.9K
Chief Credit Officer and Executive Vice Presi...
Total Annual Compensation: $255.0K
Executive Vice President and Secretary
Total Annual Compensation: $210.0K
Compensation as of Fiscal Year 2014.

southside bancshares inc (SBSI) Key Developments

Southside Bancshares Inc. Announces Unaudited Earnings Results for the First Quarter Ended March 31, 2015

Southside Bancshares Inc. announced unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total interest income was $38,607,000 compared to $32,239,000 for the same period a year ago. Net interest income was $33,791,000 compared to $27,892,000 for the same period a year ago. Net interest income after provision for loan losses was $29,943,000 compared to $23,759,000 for the same period a year ago. Income before income tax expense was $11,282,000 compared to $9,383,000 for the same period a year ago. Net income was $9,379,000 or $0.37 per basic and diluted share compared to $8,224,000 or $0.41 basic and diluted share for the same period a year ago. Book value per common share was $17.17 compared to $13.73 at the same period a year ago. Return on average assets was 0.79% compared to 0.96% as at March 31, 2014. Return on average shareholders’ equity was 8.79% compared to 12.44% as at March 31, 2014. The increase in net interest income was primarily the result of the increase in interest income of $6.4 million, compared to the same period in 2014. The increase in net Income was primarily the result of an increase in interest income of $6.4 million combined with an increase in noninterest income of $5.2 million, which were partially offset by a $9.5 million increase in noninterest expense and a $744,000 increase in income tax expense.

Southside Bancshares Inc. Presents at Gulf South Bank Conference, May-04-2015 02:20 PM

Southside Bancshares Inc. Presents at Gulf South Bank Conference, May-04-2015 02:20 PM. Venue: 921 Canal Street, New Orleans, Louisiana, United States. Speakers: Charles E. Dawson, Chief Executive Officer, President, Secretary, Director, Chief Executive Officer of Southside Bank, President of Southside Bank and Director of Southside Bank, Lee R. Gibson, Chief Financial Officer, Senior Executive Vice President, Chief Financial Officer of Southside Bank, Senior Executive Vice President of The Bank and Director of Southside Bank.

Southside Bancshares Inc., Annual General Meeting, Apr 30, 2015

Southside Bancshares Inc., Annual General Meeting, Apr 30, 2015., at 16:00 Central Daylight. Location: Villa Di Felicita, 7891 Highway 110 North. Agenda: To consider the election of members of the board of directors of the company to serve until the Annual Meeting of Shareholders in 2018; to consider the ratification of the appointment by its Audit Committee of Ernst & Young LLP to serve as the independent registered public accounting firm for the company for the year ending December 31, 2015; and to consider the transaction of such other business that may properly come before the Annual Meeting or any adjournment thereof.

 

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Industry Analysis

SBSI

Industry Average

Valuation SBSI Industry Range
Price/Earnings 25.6x
Price/Sales 5.2x
Price/Book 1.6x
Price/Cash Flow 30.2x
TEV/Sales NM Not Meaningful
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