Southside Bancshares Management
Management criteria checks 3/4
Southside Bancshares' CEO is Lee Gibson, appointed in Jan 2017, has a tenure of 7.92 years. total yearly compensation is $2.13M, comprised of 37.9% salary and 62.1% bonuses, including company stock and options. directly owns 0.3% of the company’s shares, worth $2.94M. The average tenure of the management team and the board of directors is 7.5 years and 10 years respectively.
Key information
Lee Gibson
Chief executive officer
US$2.1m
Total compensation
| CEO salary percentage | 37.9% |
| CEO tenure | 7.9yrs |
| CEO ownership | 0.3% |
| Management average tenure | 7.5yrs |
| Board average tenure | 10yrs |
Recent management updates
Recent updates
Southside Bancshares: Earnings Outlook Remains Positive, Maintaining A Buy Rating
Oct 27Southside Bancshares: Nothing To See Here
Aug 11Southside Bancshares: High Dividend Yield And A Stable Earnings Outlook
May 10Southside 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 04CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$84m |
| Jun 30 2024 | n/a | n/a | US$82m |
| 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 ($USD3.21M).
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 (67 yo)
7.9yrs
Tenure
US$2,134,717
Compensation
Mr. Lee R. Gibson, III, CPA, had been the President of Southside Bancshares, Inc. since December 14, 2015 until May 2024 and has been its Chief Executive Officer since January 01, 2017. Mr. Gibson had been...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 7.9yrs | US$2.13m | 0.30% $ 2.9m | |
| Chief Financial Officer | 8.7yrs | US$982.94k | 0.13% $ 1.3m | |
| Chief Operations Officer | 7.5yrs | US$751.12k | 0.12% $ 1.2m | |
| Chief Credit Officer | no data | US$571.78k | 0.059% $ 583.2k | |
| President | less than a year | no data | 0.025% $ 242.2k | |
| VP & Investor Relations Officer | no data | no data | no data | |
| Chief Compliance Officer | no data | no data | no data | |
| Chief Risk Officer | no data | no data | 0.039% $ 380.7k | |
| 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 | |
| Chief Banking Officer | less than a year | no data | 0.011% $ 111.4k |
7.5yrs
Average Tenure
60.5yo
Average Age
Experienced Management: SBSI's management team is seasoned and experienced (7.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 9yrs | US$2.13m | 0.30% $ 2.9m | |
| Director | 7.1yrs | US$101.00k | 0.87% $ 8.6m | |
| Independent Director | 10.9yrs | US$113.50k | 0.11% $ 1.1m | |
| Independent Chairman | 15.7yrs | US$149.50k | 0.080% $ 788.5k | |
| Independent Vice Chairman | 15.3yrs | US$124.50k | 0.058% $ 575.6k | |
| Independent Director | 15.3yrs | US$106.00k | 0.064% $ 634.3k | |
| Independent Director | 10.9yrs | US$113.50k | 0.031% $ 308.6k | |
| Independent Director | 7.6yrs | US$101.00k | 0.12% $ 1.2m | |
| Independent Director | 7.9yrs | US$101.00k | 0.27% $ 2.6m | |
| Independent Director | 14.3yrs | US$101.93k | 0.059% $ 578.8k | |
| Independent Director | 7.6yrs | US$124.50k | 0.11% $ 1.0m | |
| Independent Director | 6.2yrs | US$101.93k | 0.16% $ 1.6m |
10.0yrs
Average Tenure
69yo
Average Age
Experienced Board: SBSI's board of directors are considered experienced (10 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/19 22:48 |
| End of Day Share Price | 2024/12/19 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Southside Bancshares, Inc. is covered by 10 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| David Bishop | Drexel Hamilton |
| Brett Rabatin | Hovde Group, LLC |
| Christopher McGratty | Keefe, Bruyette, & Woods |