Stock Analysis Report

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Executive Summary

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.

Snowflake Analysis

Flawless balance sheet established dividend payer.

Similar Companies

Share Price & News

How has Southside Bancshares's share price performed over time and what events caused price changes?

Latest Share Price and Events

Stable Share Price: SBSI has not had significant price volatility in the past 3 months.

Market Performance

7 Day Return




US Banks


US Market

1 Year Return




US Banks


US Market

Return vs Industry: SBSI exceeded the US Banks industry which returned -27.6% over the past year.

Return vs Market: SBSI underperformed the US Market which returned 6.7% over the past year.

Shareholder returns

7 Day1.7%0.5%-0.7%
30 Day-4.8%-4.4%4.6%
90 Day-8.4%2.0%14.0%
1 Year-14.9%-18.2%-23.6%-26.2%7.6%5.3%
3 Year-16.1%-24.8%-15.0%-21.8%34.9%26.1%
5 Year17.5%-1.6%7.0%-6.0%62.3%44.7%

Price Volatility Vs. Market

How volatile is Southside Bancshares's share price compared to the market and industry in the last 5 years?

Simply Wall St News


Is Southside Bancshares undervalued compared to its fair value and its price relative to the market?


Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: SBSI ($26.25) is trading above our estimate of fair value ($23.07)

Significantly Below Fair Value: SBSI is trading above our estimate of fair value.

Price To Earnings Ratio

PE vs Industry: SBSI is poor value based on its PE Ratio (14.8x) compared to the US Banks industry average (9.2x).

PE vs Market: SBSI is good value based on its PE Ratio (14.8x) compared to the US market (16.2x).

Price to Earnings Growth Ratio

PEG Ratio: SBSI is poor value based on its PEG Ratio (1x)

Price to Book Ratio

PB vs Industry: SBSI is overvalued based on its PB Ratio (1.1x) compared to the US Banks industry average (0.8x).

Next Steps

Future Growth

How is Southside Bancshares forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SBSI's forecast earnings growth (14.2% per year) is above the savings rate (2.2%).

Earnings vs Market: SBSI's earnings (14.2% per year) are forecast to grow slower than the US market (22.9% per year).

High Growth Earnings: SBSI's earnings are forecast to grow, but not significantly.

Revenue vs Market: SBSI's revenue (4.6% per year) is forecast to grow slower than the US market (9.4% per year).

High Growth Revenue: SBSI's revenue (4.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: SBSI's Return on Equity is forecast to be low in 3 years time (10.3%).

Next Steps

Past Performance

How has Southside Bancshares performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SBSI has high quality earnings.

Growing Profit Margin: SBSI's current net profit margins (31.3%) are lower than last year (37.2%).

Past Earnings Growth Analysis

Earnings Trend: SBSI's earnings have grown by 17.6% per year over the past 5 years.

Accelerating Growth: SBSI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: SBSI had negative earnings growth (-22.2%) over the past year, making it difficult to compare to the Banks industry average (1.7%).

Return on Equity

High ROE: SBSI's Return on Equity (7.5%) is considered low.

Next Steps

Financial Health

How is Southside Bancshares's financial position? (This company is analysed differently as a bank or financial institution)

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Financial Institutions Analysis

Asset Level: SBSI's Assets to Equity ratio (9.1x) is low.

Allowance for Bad Loans: SBSI has a sufficient allowance for bad loans (322%).

Low Risk Liabilities: 73% of SBSI's liabilities are made up of primarily low risk sources of funding.

Loan Level: SBSI has an appropriate level of Loans to Assets ratio (49%).

Low Risk Deposits: SBSI's Loans to Deposits ratio (75%) is appropriate.

Level of Bad Loans: SBSI has an appropriate level of bad loans (0.5%).

Next Steps


What is Southside Bancshares's current dividend yield, its reliability and sustainability?


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: SBSI's dividend (4.84%) is higher than the bottom 25% of dividend payers in the US market (1.68%).

High Dividend: SBSI's dividend (4.84%) is in the top 25% of dividend payers in the US market (4.6%)

Stability and Growth of Payments

Stable Dividend: SBSI's dividend payments have been volatile in the past 10 years.

Growing Dividend: SBSI's dividend payments have increased over the past 10 years.

Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (70.1%), SBSI's dividend payments are covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: SBSI's dividends in 3 years are forecast to be covered by earnings (59.1% payout ratio).

Next Steps

  • Explore strong dividend paying companies in the Banks industry.


How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Lee Gibson (63yo)





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  ...

CEO Compensation Analysis

Compensation vs Market: Lee's total compensation ($USD2.63M) is about average for companies of similar size in the US market ($USD3.17M).

Compensation vs Earnings: Lee's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

Leadership Team

Lee Gibson
President3.5yrsUS$2.63m0.19% $1.7m
Julie Shamburger
Chief Financial Officer4.25yrsUS$1.36m0.091% $791.9k
Brian McCabe
Chief Operations Officer3.08yrsUS$1.02m0.11% $917.1k
Timothy Alexander
Chief Lending Officerno dataUS$1.28m0.083% $721.4k
Lindsey Bailes
VP & Investor Relations Officerno datano datano data
Vonna Crowley
Senior VP & Compliance Officerno datano datano data
Tim Carter
Executive Vice President2.83yrsUS$753.61kno data
Suni Davis
Chief Risk Officerno datano data0.024% $207.5k
Joe Denman
Executive Vice President2.67yrsno datano data
Anne Martinez
Executive VP & Senior Loan Review Officerno datano datano data
Sandi Hegwood
Senior VP & Chief Audit Executiveno datano datano data
T. Arnold
Chief Credit Officerno datano data0.037% $320.0k


Average Tenure


Average Age

Experienced Management: SBSI's management team is considered experienced (3.1 years average tenure).

Board Members

Lee Gibson
President3.5yrsUS$2.63m0.19% $1.7m
William Sheehy
Independent Director37.5yrsUS$92.88k0.46% $4.0m
Herbert Buie
Independent Director32.5yrsUS$92.88k2.04% $17.7m
Melvin Lovelady
Independent Director15.5yrsUS$124.50k0.069% $597.0k
Susan Anderson
Independent Director6.5yrsUS$92.88k0.092% $797.7k
John Garrett
Independent Chairman2.17yrsUS$149.50k0.052% $449.3k
Donald Thedford
Independent Vice Chairman2.17yrsUS$124.50k0.040% $349.3k
Preston Smith
Independent Director10.92yrsUS$91.76k0.038% $330.2k
Patricia Callan
Independent Director6.5yrsUS$95.79k0.024% $209.9k
John Sammons
Independent Director3.17yrsUS$92.88k0.088% $760.5k
Michael Bosworth
Independent Director3.5yrsUS$92.88k0.20% $1.8m
Lawrence Anderson
Independent Director9.83yrsUS$92.88k0.053% $457.5k


Average Tenure


Average Age

Experienced Board: SBSI's board of directors are considered experienced (6.5 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: SBSI insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

Southside Bancshares, Inc.'s company bio, employee growth, exchange listings and data sources

Key Information

  • Name: Southside Bancshares, Inc.
  • Ticker: SBSI
  • Exchange: NasdaqGS
  • Founded: 1960
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$866.554m
  • Shares outstanding: 33.01m
  • Website:

Number of Employees


  • Southside Bancshares, Inc.
  • 1201 South Beckham Avenue
  • Tyler
  • Texas
  • 75701
  • United States


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SBSINasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDMay 1998


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 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 offers trust services consisting of investment management, administration, and advisory services for individuals, partnerships, and corporations; safe deposit services; and brokerage services. As of November 12, 2019, the company operated through 59 banking facilities in East, North, Central, and Southeast Texas, as well as a network of 81 local ATMs/ITMs. Southside Bancshares, Inc. was founded in 1960 and is headquartered in Tyler, Texas. 

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/14 00:01
End of Day Share Price2020/07/13 00:00
Annual Earnings2019/12/31

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.