Southside Bancshares Management
Management criteria checks 3/4
Southside Bancshares' CEO is Lee Gibson, appointed in Dec 2015, has a tenure of 8.33 years. total yearly compensation is $2.13M, comprised of 37.9% salary and 62.1% bonuses, including company stock and options. directly owns 0.27% of the company’s shares, worth $2.24M. The average tenure of the management team and the board of directors is 8 years and 10.3 years respectively.
Key information
Lee Gibson
Chief executive officer
US$2.1m
Total compensation
| CEO salary percentage | 37.9% |
| CEO tenure | 8.3yrs |
| CEO ownership | 0.3% |
| Management average tenure | 8yrs |
| Board average tenure | 10.3yrs |
Recent management updates
Recent updates
Southside Bancshares (NASDAQ:SBSI) Is Due To Pay A Dividend Of $0.35
Aug 08
Southside Bancshares (NASDAQ:SBSI) Is Due To Pay A Dividend Of $0.35
May 09Southside Bancshares (NASDAQ:SBSI) Is Paying Out A Larger Dividend Than Last Year
Feb 07Southside Bancshares: Increasing Interest Rates Destroyed The Book Value
Sep 12Southside Bancshares Q2 2022 Earnings Preview
Jul 22Results: Southside Bancshares, Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates
Apr 29Should You Be Adding Southside Bancshares (NASDAQ:SBSI) To Your Watchlist Today?
Apr 06Southside Bancshares (NASDAQ:SBSI) Is Paying Out A Larger Dividend Than Last Year
Feb 08Southside: Growing TX Bank
Feb 03Southside Bancshares: A Quality Bank, But A Bit Too Expensive Right Now
Jan 04Southside Bancshares: The Lackluster Growth Leaves Me Uninspired
Oct 18Here's Why I Think Southside Bancshares (NASDAQ:SBSI) Is An Interesting Stock
Sep 28Southside Bancshares: Strong Balance Sheet And Tailwinds
Aug 01With EPS Growth And More, Southside Bancshares (NASDAQ:SBSI) Is Interesting
Apr 08Lawrence Anderson Is The Independent Director of Southside Bancshares, Inc. (NASDAQ:SBSI) And They Just Sold 53% Of Their Shares
Mar 18Shareholders Of Southside Bancshares (NASDAQ:SBSI) Must Be Happy With Their 84% Return
Mar 05There's A Lot To Like About Southside Bancshares' (NASDAQ:SBSI) Upcoming US$0.32 Dividend
Feb 12What You Need To Know About Southside Bancshares, Inc.'s (NASDAQ:SBSI) Investor Composition
Feb 08
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | US$82m |
| Dec 31 2023 | US$2m | US$810k | US$87m |
| Sep 30 2023 | n/a | n/a | US$97m |
| Jun 30 2023 | n/a | n/a | US$106m |
| Mar 31 2023 | n/a | n/a | US$106m |
| Dec 31 2022 | US$2m | US$775k | US$105m |
| Sep 30 2022 | n/a | n/a | US$106m |
| Jun 30 2022 | n/a | n/a | US$108m |
| Mar 31 2022 | n/a | n/a | US$104m |
| Dec 31 2021 | US$1m | US$736k | US$113m |
| Sep 30 2021 | n/a | n/a | US$114m |
| Jun 30 2021 | n/a | n/a | US$112m |
| Mar 31 2021 | n/a | n/a | US$112m |
| Dec 31 2020 | US$3m | US$715k | US$82m |
| Sep 30 2020 | n/a | n/a | US$70m |
| Jun 30 2020 | n/a | n/a | US$63m |
| Mar 31 2020 | n/a | n/a | US$60m |
| Dec 31 2019 | US$3m | US$665k | US$75m |
| Sep 30 2019 | n/a | n/a | US$75m |
| Jun 30 2019 | n/a | n/a | US$75m |
| Mar 31 2019 | n/a | n/a | US$77m |
| Dec 31 2018 | US$2m | US$646k | US$74m |
| Sep 30 2018 | n/a | n/a | US$67m |
| Jun 30 2018 | n/a | n/a | US$61m |
| Mar 31 2018 | n/a | n/a | US$56m |
| Dec 31 2017 | US$2m | US$615k | US$54m |
Compensation vs Market: Lee's total compensation ($USD2.13M) is below average for companies of similar size in the US market ($USD3.44M).
Compensation vs Earnings: Lee's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Lee Gibson (66 yo)
8.3yrs
Tenure
US$2,134,717
Compensation
Mr. Lee R. Gibson, III, CPA, has been the President of Southside Bancshares, Inc. since December 14, 2015 and has been its Chief Executive Officer since January 01, 2017. Mr. Gibson has been the President...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 8.3yrs | US$2.13m | 0.27% $ 2.2m | |
| Chief Financial Officer | 8yrs | US$982.94k | 0.11% $ 943.5k | |
| Chief Operations Officer | 6.8yrs | US$751.12k | 0.11% $ 915.6k | |
| Executive Officer | no data | US$1.03m | 0.088% $ 736.1k | |
| Chief Credit Officer | no data | US$571.78k | 0.046% $ 386.0k | |
| VP & Investor Relations Officer | no data | no data | no data | |
| Chief Compliance Officer | no data | no data | no data | |
| Chief Risk Officer | 8.3yrs | no data | 0.059% $ 496.3k | |
| Executive VP & Senior Loan Review Officer | no data | no data | no data | |
| Senior VP & Chief Audit Executive | no data | no data | no data | |
| Senior VP & Loan Review Officer | no data | no data | no data | |
| Senior VP and Fair & Responsible Banking Officer | no data | no data | no data |
8.0yrs
Average Tenure
61yo
Average Age
Experienced Management: SBSI's management team is seasoned and experienced (8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 8.3yrs | US$2.13m | 0.27% $ 2.2m | |
| Independent Director | 36.3yrs | US$101.00k | 2.24% $ 18.8m | |
| Director | 6.4yrs | US$101.00k | 0.90% $ 7.6m | |
| Independent Director | 10.3yrs | US$113.50k | 0.11% $ 896.4k | |
| Independent Chairman | 15yrs | US$149.50k | 0.071% $ 598.6k | |
| Independent Vice Chairman | 14.7yrs | US$124.50k | 0.052% $ 433.1k | |
| Independent Director | 14.7yrs | US$105.55k | 0.051% $ 423.9k | |
| Independent Director | 10.3yrs | US$112.82k | 0.026% $ 221.2k | |
| Independent Director | 6.9yrs | US$101.00k | 0.11% $ 907.9k | |
| Independent Director | 7.3yrs | US$101.00k | 0.22% $ 1.8m | |
| Independent Director | 13.6yrs | US$101.93k | 0.053% $ 440.8k | |
| Independent Director | 6.9yrs | US$124.50k | 0.073% $ 614.7k |
10.3yrs
Average Tenure
69.5yo
Average Age
Experienced Board: SBSI's board of directors are seasoned and experienced ( 10.3 years average tenure).