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    Southside Bancshares (SBSI)

    Market Price (8/6/2026): $32.695 | Market Cap: $973.3 MilSector: Financials | Industry: Regional Banks

    Southside Bancshares (SBSI)

    Market Price (8/6/2026): $32.695
    Market Cap: $973.3 Mil
    Sector: Financials
    Industry: Regional Banks

    Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

    0

    Attractive yield
    Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 12%, Dividend Yield is 4.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.8%, FCF Yield is 13%

    Cash is significant % of market cap
    Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -11%

    Attractive cash flow generation
    CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 59%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 51%

    Low stock price volatility
    Vol 12M is 24%

    Megatrend and thematic drivers
    Megatrends include Community Financial Access. Themes include Local Retail Banking, Small Business Lending, and Mortgage & Real Estate Financing.

    Weak multi-year price returns
    2Y Excs Rtn is -37%, 3Y Excs Rtn is -55%

    Weak revenue growth
    Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -4.6%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.9%

    Key risks
    SBSI key risks include [1] sharply deteriorating asset quality, Show more.

    0 Attractive yield
    Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 12%, Dividend Yield is 4.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.8%, FCF Yield is 13%
    1 Cash is significant % of market cap
    Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -11%
    2 Attractive cash flow generation
    CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 59%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 51%
    3 Low stock price volatility
    Vol 12M is 24%
    4 Megatrend and thematic drivers
    Megatrends include Community Financial Access. Themes include Local Retail Banking, Small Business Lending, and Mortgage & Real Estate Financing.
    5 Weak multi-year price returns
    2Y Excs Rtn is -37%, 3Y Excs Rtn is -55%
    6 Weak revenue growth
    Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -4.6%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.9%
    7 Key risks
    SBSI key risks include [1] sharply deteriorating asset quality, Show more.

    SBSI in ETFs

    Weight = SBSI's share of each fund

    ITOT0.00%
    IWM0.03%
    IJR0.05%
    VIOV0.11%
    SLYV0.10%
    IJS0.10%
    KRE0.10%
    IWN0.05%
    +9 more covered ETFs

    Valuation & Metrics

    FYE: 12/31SBSI [1]S&P 500 [2]
    REVENUE GROWTH
    LTM Revenue [3]$247.4 Mil—
    FY 2026 Sales$292.8 Mil—
    FY 2027 Sales$302.8 Mil—
    FY 2026 Sales Growth18.4%—
    FY 2027 Sales Growth3.4%13.0%
    EARNINGS
    LTM Net Income (GAAP) [3]$76.0 Mil—
    FY 2026 Net Income (Non-GAAP)$99.6 Mil—
    FY 2027 Net Income (Non-GAAP)$96.8 Mil—
    FY 2027 Net Income Growth-2.8%19.1%
    FY 2026 EPS (Non-GAAP)$3.29—
    FY 2027 EPS (Non-GAAP)$3.29—
    FY 2027 EPS Growth0.0%—
    VALUATION
    FY 2026 P/S3.31.7
    FY 2027 P/S3.2—
    FY 2026 P/E9.88.2
    FY 2027 P/E10.1—

    [1] SBSI forward figures are analyst consensus for the next two fiscal years (fiscal year end 12/31). Net Income and EPS are non-GAAP (adjusted) consensus. P/S and P/E divide the current market cap by the consensus figure.
    [2] S&P 500 figures are the SPY ETF's holdings-weighted forward aggregate. P/S and P/E reflect FY1/FY2 consensus blended to the 12-month window ending 8/31/27 (~one year forward), shown when ≥90% of index weight has estimates. Growth is the aggregate next-fiscal-year vs current-fiscal-year (FY1→FY2) change. Index-level dollar Sales, Net Income and EPS are not applicable.
    [3] LTM = reported trailing-twelve-month actuals (GAAP).
    SBSIS&P 500
    REVENUE GROWTHVERY POOR
    Rev LTM ($ Bil)0.2
    Rev Chg Q7.6%9.3%
    Rev Chg LTM-4.6%7.9%
    Rev Chg 3Y Avg-1.9%5.8%
    PROFITABILITYVERY GOOD
    Op Inc LTM ($ Bil)�
    CFO LTM ($ Bil)0.1
    Net Inc LTM ($ Bil)0.1
    CFO/Rev LTM58.7%21.8%
    Net Inc Mgn30.7%13.0%
    VALUATIONLOW
    P/S3.93.3
    P/CFO6.715.7
    P/FCF7.720.3
    P/E12.824.1

    AI Analysis | Feedback

    MetricValueDateSource
    Tax-Equivalent Net Interest Margin2.92%9302025Link
    Efficiency Ratio (Tax-Equivalent)53.89%9302025Link
    Nonperforming Assets to Total Assets Ratio0.42%9302025Link
    Number of Branches5311062025Link
    Number of ATMs/ITMs7011062025Link
    Total Deposit Accounts1788403312025Link
    Number of Employees77812312024Link
    Assets Under Management in Wealth Management & TrustOver $3.0 billion8042025Link
    Loan Portfolio Composition - Real Estate Loans81.8%12312024Link
    Loan Portfolio Composition - Commercial Loans11.2%12312024Link
    Loan Portfolio Composition - Municipal Loans5.5%12312024Link
    Loan Portfolio Composition - Loans to Individuals1.5%12312024Link

    Price Chart

    Recent
    7/24/2026Earnings ReleaseRev: $72 Mil (A) vs. $74 Mil (E)
    EPS: 0.90 (A) vs. $0.86 (E)
    Upcoming
    10/23/2026Earnings ReleaseRev: $73 Mil (E)
    EPS: $0.77 (E)

    Why The Stock Moved

    Qualitative Assessment

    AI Analysis | Feedback

    Updated on 8/1/2026

    Southside Bancshares (SBSI) stock has remained largely at the same level since 4/30/2026 because of the following key factors:

    1. Mixed Fiscal Q2 2026 Earnings Report: Southside Bancshares reported diluted earnings per share (EPS) of $0.90 for fiscal Q2 2026 (ended June 30, 2026), surpassing analyst consensus estimates of $0.86 to $0.88 per share. Net income also saw robust growth, increasing by 23.0% year-over-year to $26.8 million. However, the company's revenue of $71.3 million fell short of the $75 million forecast, leading to a balanced market reaction.

    2. Net Interest Margin Compression and Deposit Decline: The bank experienced pressure on its net interest income, which decreased by $355,000, or 0.6%, linked quarter, due to higher funding costs and a slight drop in the yield on earning assets. The net interest margin consequently declined by 11 basis points to 2.90% from the prior quarter. Concurrently, deposits saw a significant linked-quarter decrease of $705.1 million, or 10.3%, primarily due to a substantial reduction in brokered deposits by $777.9 million.

    Show more
    Updated on 8/1/2026

    Southside Bancshares (SBSI) stock has remained largely at the same level since 4/30/2026 because of the following key factors:

    1. Mixed Fiscal Q2 2026 Earnings Report: Southside Bancshares reported diluted earnings per share (EPS) of $0.90 for fiscal Q2 2026 (ended June 30, 2026), surpassing analyst consensus estimates of $0.86 to $0.88 per share. Net income also saw robust growth, increasing by 23.0% year-over-year to $26.8 million. However, the company's revenue of $71.3 million fell short of the $75 million forecast, leading to a balanced market reaction.

    2. Net Interest Margin Compression and Deposit Decline: The bank experienced pressure on its net interest income, which decreased by $355,000, or 0.6%, linked quarter, due to higher funding costs and a slight drop in the yield on earning assets. The net interest margin consequently declined by 11 basis points to 2.90% from the prior quarter. Concurrently, deposits saw a significant linked-quarter decrease of $705.1 million, or 10.3%, primarily due to a substantial reduction in brokered deposits by $777.9 million.

    3. Flat Loan Balances Despite Strong Production: Although Southside Bancshares achieved strong new loan production of $487 million in fiscal Q2 2026, the overall loan balance remained flat at $4.95 billion as of June 30, 2026. This stagnation was largely attributed to elevated payoffs, particularly within the commercial real estate sector, offsetting the new originations and limiting asset growth.

    4. Solid Asset Quality and Improved Operating Efficiency: Contributing to stability, the company maintained strong asset quality, with nonperforming assets remaining low at 0.11% of total assets, a notable decrease from 0.39% a year prior. Furthermore, noninterest expense decreased by $1.9 million, or 4.7%, from the previous quarter, leading to an improved tax-equivalent efficiency ratio of 52.96% for fiscal Q2 2026, compared to 54.98% in fiscal Q1 2026.

    5. Neutral Analyst Sentiment: Throughout the period, analyst sentiment for SBSI remained largely neutral. While Zacks Research downgraded the stock from "hold" to "strong sell" on July 30, 2026, the broader consensus rating from analysts remained "Hold," with an average price target ranging from $34.75 to $35.00. This mixed to neutral outlook likely contributed to the stock trading within a narrow range without significant directional movement.

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    Stock Movement Drivers

    Fundamental Drivers

    The 0.1% change in SBSI stock from 4/30/2026 to 8/5/2026 was primarily driven by a 4.9% change in the company's Net Income Margin (%).
    (LTM values as of)43020268052026Change
    Stock Price ($)32.6632.690.1%
    Change Contribution By: 
    Total Revenues ($ Mil)2422472.1%
    Net Income Margin (%)29.3%30.7%4.9%
    P/E Multiple13.712.8-6.4%
    Shares Outstanding (Mil)3030-0.1%
    Cumulative Contribution0.1%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    4/30/2026 to 8/5/2026
    ReturnCorrelation
    SBSI0.1% 
    Market (SPY)7.1%14.3%
    Sector (XLF)11.3%37.5%

    Fundamental Drivers

    The 3.8% change in SBSI stock from 1/31/2026 to 8/5/2026 was primarily driven by a 5.0% change in the company's Net Income Margin (%).
    (LTM values as of)13120268052026Change
    Stock Price ($)31.4832.693.8%
    Change Contribution By: 
    Total Revenues ($ Mil)2392473.3%
    Net Income Margin (%)29.2%30.7%5.0%
    P/E Multiple13.512.8-5.3%
    Shares Outstanding (Mil)30301.0%
    Cumulative Contribution3.8%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    1/31/2026 to 8/5/2026
    ReturnCorrelation
    SBSI3.8% 
    Market (SPY)11.5%27.0%
    Sector (XLF)9.1%48.6%

    Fundamental Drivers

    The 16.4% change in SBSI stock from 7/31/2025 to 8/5/2026 was primarily driven by a 29.1% change in the company's P/E Multiple.
    (LTM values as of)73120258052026Change
    Stock Price ($)28.0932.6916.4%
    Change Contribution By: 
    Total Revenues ($ Mil)259247-4.6%
    Net Income Margin (%)33.0%30.7%-7.0%
    P/E Multiple9.912.829.1%
    Shares Outstanding (Mil)30301.6%
    Cumulative Contribution16.4%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    7/31/2025 to 8/5/2026
    ReturnCorrelation
    SBSI16.4% 
    Market (SPY)22.8%32.5%
    Sector (XLF)12.1%53.2%

    Fundamental Drivers

    The 13.4% change in SBSI stock from 7/31/2023 to 8/5/2026 was primarily driven by a 52.7% change in the company's P/E Multiple.
    (LTM values as of)73120238052026Change
    Stock Price ($)28.8232.6913.4%
    Change Contribution By: 
    Total Revenues ($ Mil)263247-6.0%
    Net Income Margin (%)40.1%30.7%-23.4%
    P/E Multiple8.412.852.7%
    Shares Outstanding (Mil)31303.2%
    Cumulative Contribution13.4%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    7/31/2023 to 8/5/2026
    ReturnCorrelation
    SBSI13.4% 
    Market (SPY)74.1%38.2%
    Sector (XLF)71.5%57.0%

    Return vs. Risk

    Price Returns Compared

     202120222023202420252026Total [1]
    Returns
    SBSI Return40%-11%-9%6%0%10%34%
    Peers Return26%-6%-1%14%3%19%63%
    S&P 500 Return27%-19%24%23%16%13%106%

    Monthly Win Rates [3]
    SBSI Win Rate75%42%42%42%50%62% 
    Peers Win Rate62%45%48%53%53%70% 
    S&P 500 Win Rate75%42%67%75%67%50% 

    Max Drawdowns [4]
    SBSI Max Drawdown-19%-26%-35%-21%-18%-11% 
    Peers Max Drawdown-22%-28%-34%-17%-22%-14% 
    S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 

    [1] Cumulative total returns since the beginning of 2021
    [2] Peers: CFR, PB, FFIN, TCBI, HTH.
    [3] Win Rate = % of calendar months in which monthly returns were positive
    [4] Max drawdown represents maximum peak-to-trough decline within a year
    [5] 2026 data is for the year up to 8/5/2026 (YTD)

    How Low Can It Go

    EventSBSIS&P 500
    2025 US Tariff Shock
      % Loss-14.5%-18.8%
      % Gain to Breakeven16.9%23.1%
      Time to Breakeven83 days79 days
    Summer-Fall 2023 Five Percent Yield Shock
      % Loss-10.0%-9.5%
      % Gain to Breakeven11.1%10.5%
      Time to Breakeven34 days24 days
    2023 SVB Regional Banking Crisis
      % Loss-33.2%-6.7%
      % Gain to Breakeven49.8%7.1%
      Time to Breakeven489 days31 days
    2022 Inflation Shock & Fed Tightening
      % Loss-22.0%-24.5%
      % Gain to Breakeven28.2%32.4%
      Time to Breakeven1337 days427 days
    2020 COVID-19 Crash
      % Loss-30.1%-33.7%
      % Gain to Breakeven43.0%50.9%
      Time to Breakeven341 days140 days
    Q4 2018 Fed Policy Error / Growth Scare
      % Loss-12.8%-19.2%
      % Gain to Breakeven14.7%23.8%
      Time to Breakeven37 days105 days

    Compare to CFR, PB, FFIN, TCBI, HTH

    In The Past

    Southside Bancshares's stock fell -14.5% during the 2025 US Tariff Shock. Such a loss loss requires a 16.9% gain to breakeven.

    Preserve Wealth

    Limiting losses and compounding gains is essential to preserving wealth.

    Asset Allocation

    Actively managed asset allocation strategies protect wealth. Learn more.

    EventSBSIS&P 500
    2023 SVB Regional Banking Crisis
      % Loss-33.2%-6.7%
      % Gain to Breakeven49.8%7.1%
      Time to Breakeven489 days31 days
    2022 Inflation Shock & Fed Tightening
      % Loss-22.0%-24.5%
      % Gain to Breakeven28.2%32.4%
      Time to Breakeven1337 days427 days
    2020 COVID-19 Crash
      % Loss-30.1%-33.7%
      % Gain to Breakeven43.0%50.9%
      Time to Breakeven341 days140 days
    2015-2016 China Devaluation / Global Growth Scare
      % Loss-28.5%-12.2%
      % Gain to Breakeven39.8%13.9%
      Time to Breakeven86 days62 days
    2014-2016 Oil Price Collapse
      % Loss-37.3%-6.8%
      % Gain to Breakeven59.5%7.3%
      Time to Breakeven121 days15 days
    2008-2009 Global Financial Crisis
      % Loss-33.9%-53.4%
      % Gain to Breakeven51.2%114.4%
      Time to Breakeven31 days1085 days

    Compare to CFR, PB, FFIN, TCBI, HTH

    In The Past

    Southside Bancshares's stock fell -14.5% during the 2025 US Tariff Shock. Such a loss loss requires a 16.9% gain to breakeven.

    Preserve Wealth

    Limiting losses and compounding gains is essential to preserving wealth.

    Asset Allocation

    Actively managed asset allocation strategies protect wealth. Learn more.

    About Southside Bancshares (SBSI)

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    Southside Bancshares, Inc. (SBSI) is a bank holding company that operates Southside Bank, providing a comprehensive range of financial services primarily within its home state of Texas. Established in 1960 and headquartered in Tyler, Texas, it functions as a traditional community bank offering essential financial solutions.

    The company's core offerings include a variety of deposit products such as savings, money market, interest and noninterest-bearing checking accounts, and certificates of deposit. Its loan portfolio is diverse, encompassing consumer loans (e.g., residential, home equity, auto), commercial loans (e.g., working capital, equipment, real estate), and construction loans for both residential and commercial projects. Beyond traditional banking, SBSI also provides wealth management and trust services, including investment management and administration, along with brokerage and safe deposit services.

    Southside Bancshares caters to a broad customer base, including individuals, businesses, municipal entities, and nonprofit organizations. As of December 31, 2021, the company operated through 56 banking facilities and 73 ATMs/ITMs, demonstrating its commitment to serving its local and regional markets effectively.

    ```

    AI Analysis | Feedback

    Here are 1-3 brief analogies for Southside Bancshares (SBSI):

    • It's like a regional Bank of America, providing comprehensive financial services primarily to communities in Texas.
    • Imagine a local Chase Bank, but serving dozens of communities across East and North Texas.

    AI Analysis | Feedback

    • Deposit Accounts: Provides various savings, money market, checking, and certificate of deposit accounts for individuals and businesses.
    • Consumer Loans: Offers a range of loans including residential mortgages, home equity, home improvement, and automobile loans for individual customers.
    • Commercial Loans: Supplies financing solutions such as working capital, equipment, commercial real estate, and municipal loans for businesses and entities.
    • Construction Loans: Provides financing for both residential (1-4 family) and commercial real estate construction projects.
    • Wealth Management and Trust Services: Delivers investment management, trust administration, and custodian services for individuals, partnerships, and corporations.
    • Safe Deposit Services: Offers secure storage solutions for valuable items.
    • Brokerage Services: Provides services for buying and selling securities.

    AI Analysis | Feedback

    Southside Bancshares (SBSI) primarily serves a diverse customer base rather than a few major corporate customers. Its services are offered to multiple categories of clients.

    Major Customers of Southside Bancshares (SBSI)

    Southside Bancshares serves the following categories of customers:

    1. Individuals: This includes consumers seeking deposit products (savings, money market, checking, certificates of deposit) and various consumer loans such as 1-4 family residential loans, home equity loans, home improvement loans, and automobile loans. They also offer wealth management, trust, and brokerage services to individuals.
    2. Businesses: The bank provides services to commercial entities, including short-term working capital loans for inventory and accounts receivable, short and medium-term loans for equipment or other business capital expansion, and commercial real estate loans. They also offer deposit products to businesses.
    3. Municipal Entities and Nonprofit Organizations: Southside Bancshares offers financial services, including loans (e.g., municipal loans) and deposit products, tailored to the needs of governmental bodies and nonprofit organizations.

    AI Analysis | Feedback

    null

    AI Analysis | Feedback

    Keith Donahoe, Chief Executive Officer and President

    Keith Donahoe assumed the role of Chief Executive Officer in January 2026 and has served as President since May 2024. He joined Southside Bank in 2021, initially as Austin Market President and then as Central Texas Regional President. Prior to joining Southside, he served as an Executive Vice President of Frost Bank, a regional bank in Texas, for 10 years and has over 30 years of commercial banking experience.

    Julie N. Shamburger, Chief Financial Officer

    Julie Shamburger has served as Chief Financial Officer of Southside Bancshares and Southside Bank since 2016 and is an advisory director of Southside Bank. She was Executive Vice President and Chief Accounting Officer from 2011 until April 2016. Ms. Shamburger joined Southside Bank in 1982 and possesses over 39 years of accounting experience. She is a graduate of the University of Texas at Tyler.

    Mitchell Craddock, Chief Operations Officer

    Mitchell Craddock has served as Chief Operations Officer since November 2025. He joined Southside Bank in August 2024 as Executive Vice President and Associate Chief Operations Officer. Before rejoining Southside, Mr. Craddock worked at Q2, a digital banking solutions company, from 2011 to 2024, where his most recent position was Vice President of Premier Services. He also held various information technology and bank operations roles with Southside Bank from 2002 to 2011.

    Curtis Burchard, Chief Lending Officer

    Curtis Burchard has served as Chief Lending Officer of Southside Bancshares and Southside Bank since June 2024, and is also an advisory director of Southside Bank. He joined the Company in 2023 as Senior Executive Vice President. Prior to Southside, he was with Texas Capital Bank from 2018 to 2023, where his roles included Head of Commercial Real Estate and Head of Real Estate (Commercial Real Estate and Homebuilding). Mr. Burchard has over 40 years of commercial banking experience.

    AI Analysis | Feedback

    Southside Bancshares (SBSI) faces several key risks inherent to the banking sector, particularly for regional institutions. The three most significant risks include interest rate fluctuations, credit quality concerns especially related to commercial real estate (CRE) loans, and potential regulatory changes.

    Key Risks to Southside Bancshares (SBSI)

    1. Interest Rate Risk: As a financial institution, Southside Bancshares is highly susceptible to interest rate fluctuations. Changes in interest rates can significantly impact the bank's net interest income, affecting both the cost of deposits and the yield on its loan portfolio. Higher interest rates can erode profitability by increasing the need to offer competitive rates on deposits to retain customers. Furthermore, interest rate changes can influence the value of the bank's bond portfolio and the ability of borrowers to refinance commercial real estate loans.
    2. Credit Quality and Commercial Real Estate (CRE) Exposure: Southside Bancshares holds a substantial amount of commercial real estate loans, totaling approximately $2.71 billion as of the fourth quarter of 2025. The regional banking sector, including Southside, faces a heightened risk from CRE, with a significant portion of these loans maturing in the near future amid potentially lower property values and weak demand for office spaces. The company has also reported an increase in non-performing loans. Deterioration in credit quality, particularly within the CRE segment, could lead to increased loan defaults and higher provisions for credit losses.
    3. Regulatory Changes: Regional banks are continuously exposed to the risk of evolving regulatory landscapes and potential new capital requirements. Increased regulatory scrutiny and mandates could necessitate adjustments to the bank's operations, asset portfolios, and risk management practices, potentially impacting its financial performance and strategic flexibility.

    AI Analysis | Feedback

    • Rise of digital-only banks (neobanks and challenger banks) that offer lower fees, higher interest rates, and seamless digital user experiences, attracting customers away from traditional brick-and-mortar institutions.
    • Emergence of specialized online lenders providing faster, often more competitive consumer, commercial, and mortgage loan products, directly challenging Southside Bancshares' loan origination.
    • Growth of robo-advisors and digital wealth management platforms that offer low-cost, automated investment management services, posing a threat to the company's traditional wealth management and trust services.
    • Increasing entry of large technology companies into financial services (e.g., Apple's high-yield savings account, Google Pay, payment processing by Amazon) which leverage vast customer bases and technological capabilities to offer banking-like services.

    AI Analysis | Feedback

    Addressable Markets for Southside Bancshares' Main Products and Services (Region: Texas):

    • Deposit Products: The total assets held by Texas state-chartered banks, which include deposit products, amounted to $452.3 billion as of December 31, 2024.
    • Real Estate Loans (including 1-4 family residential, home equity, home improvement, commercial real estate, and construction loans): The market size for the Real Estate Loans & Collateralized Debt industry in Texas is projected to be $76.1 billion in 2026. Additionally, the annual transaction volume for commercial real estate in Texas was approximately $120 billion.
    • Other Consumer Loans (such as automobile loans and other consumer-related loans): Texans carried an estimated $28–$30 billion in unsecured personal loan debt by early 2025.
    • Commercial Loans (short-term working capital, equipment, municipal loans, excluding real estate): Null
    • Wealth Management and Trust Services: Null
    • Brokerage Services: Null

    AI Analysis | Feedback

    Here are the expected drivers of future revenue growth for Southside Bancshares (SBSI) over the next 2-3 years:
    1. Strategic Loan Growth and Portfolio Diversification: Southside Bancshares anticipates revenue growth driven by expanding its loan portfolio, particularly in commercial and industrial (C&I) lending and commercial real estate. The company is establishing new Loan Production Offices (LPOs) in high-growth areas of Texas, such as Dallas' Preston Center and The Woodlands, to facilitate this expansion. The C&I loan initiative now constitutes a significant portion of the total loan pipeline, indicating a focused effort on this segment.
    2. Net Interest Margin (NIM) Expansion and Optimization: The company expects to enhance its net interest income through strategic balance sheet management. This includes restructuring its available-for-sale securities portfolio to improve future yields and redeeming higher-cost subordinated debt, which is projected to lead to further expansion of the net interest margin.
    3. Geographic Expansion and Market Penetration: Southside Bancshares is actively pursuing expansion initiatives to deepen its presence in high-growth Texas markets. This involves the completion of new branches in locations like Cleveland, Texas, and the construction of new facilities in areas such as Celina, Texas. This strategic geographic expansion aims to capture market share in underserved or growing regions.
    4. Deposit Gathering and Funding Optimization: Growth in core deposits, excluding public funds and brokered deposits, is a key driver for providing stable and lower-cost funding for loan growth. The company focuses on increasing commercial and retail deposits to support its lending activities and maintain a healthy funding structure, which in turn contributes to revenue growth.

    AI Analysis | Feedback

    Share Repurchases

    • In 2021, Southside Bancshares repurchased 938,484 shares at an average cost of $36.39 per share under a previous plan.
    • As of March 4, 2022, a new share repurchase plan was authorized for up to 1 million shares with no expiration date.
    • The company's stock repurchase plan authorization was increased by 1.0 million shares on October 16, 2025, bringing the total authorized to 2.0 million shares. As of that date, approximately 868,000 shares had been repurchased at an average price of $28.43 per share under the ongoing plan. Approximately 762,000 shares remained authorized for repurchase as of the Q4 2025 earnings call.

    Share Issuance

    • There were no significant share issuances over the last 3-5 years; the trend in shares outstanding generally indicates a net reduction, consistent with repurchase activities.

    Inbound Investments

    • No significant inbound investments by third-parties in the company were identified over the last 3-5 years.

    Outbound Investments

    • No significant strategic outbound investments (acquisitions of other companies) were identified over the last 3-5 years.

    Capital Expenditures

    • Southside Bancshares invested $7.1 million in capital expenditures in Q4 2025, which primarily funded long-term assets and infrastructure.
    • For the last 12 months ending approximately Q4 2025, capital expenditures amounted to $20.34 million.
    • In 2026, noninterest expense is projected to increase by 7%, largely due to planned software projects aimed at migrating the bank's core system to an off-premise platform and developing a new data platform.

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    Financials

    SBSICFRPBFFINTCBIHTHMedian
    NameSouthsid.Cullen/F.Prosperi.First Fi.Texas Ca.Hilltop  
    Mkt Price32.69166.1374.6235.3199.9839.7857.20
    Mkt Cap1.010.47.45.14.42.34.7
    Rev LTM2472,2991,2556521,3271,2141,235
    Op Inc LTM-------
    FCF LTM127541524325472-123398
    FCF 3Y Avg85421530292405225348
    CFO LTM145720556347488-95417
    CFO 3Y Avg100570558309438239373

    Growth & Margins

    SBSICFRPBFFINTCBIHTHMedian
    NameSouthsid.Cullen/F.Prosperi.First Fi.Texas Ca.Hilltop  
    Rev Chg LTM-4.6%7.4%6.9%12.8%33.1%4.5%7.1%
    Rev Chg 3Y Avg-1.9%5.6%4.1%9.3%8.1%2.0%4.9%
    Rev Chg Q7.6%5.3%18.4%10.8%9.1%4.1%8.4%
    QoQ Delta Rev Chg LTM2.1%1.3%4.5%2.6%2.2%1.0%2.1%
    Op Inc Chg LTM-------
    Op Inc Chg 3Y Avg-------
    Op Mgn LTM-------
    Op Mgn 3Y Avg-------
    QoQ Delta Op Mgn LTM-------
    CFO/Rev LTM58.7%31.3%44.3%53.2%36.8%-7.8%40.5%
    CFO/Rev 3Y Avg39.8%26.7%48.5%53.9%39.2%21.1%39.5%
    FCF/Rev LTM51.2%23.6%41.7%49.9%35.5%-10.1%38.6%
    FCF/Rev 3Y Avg34.0%19.8%46.0%51.0%36.1%20.0%35.0%

    Valuation

    SBSICFRPBFFINTCBIHTHMedian
    NameSouthsid.Cullen/F.Prosperi.First Fi.Texas Ca.Hilltop  
    Mkt Cap1.010.47.45.14.42.34.7
    P/S3.94.55.97.83.31.94.2
    P/Op Inc-------
    P/EBIT-------
    P/E12.815.214.118.812.014.214.2
    P/CFO6.714.413.414.68.9-24.311.2
    Total Yield12.2%9.1%10.1%7.5%8.4%9.0%9.0%
    Dividend Yield4.4%2.5%3.0%2.2%0.0%2.0%2.3%
    FCF Yield 3Y Avg9.0%5.5%8.2%6.1%11.2%11.6%8.6%
    D/E1.70.00.30.00.20.30.2
    Net D/E-0.1-0.80.0-0.6-0.7-0.6-0.6

    Returns

    SBSICFRPBFFINTCBIHTHMedian
    NameSouthsid.Cullen/F.Prosperi.First Fi.Texas Ca.Hilltop  
    1M Rtn-5.5%6.3%5.0%1.6%-5.1%3.1%2.3%
    3M Rtn-0.9%18.9%7.3%9.0%-2.1%4.9%6.1%
    6M Rtn-0.6%18.4%4.1%4.7%-4.6%2.4%3.3%
    12M Rtn18.6%36.3%16.5%5.5%23.2%33.9%20.9%
    3Y Rtn10.8%68.2%32.1%16.8%58.1%42.2%37.2%
    1M Excs Rtn-8.4%2.7%0.7%-1.1%-7.0%0.5%-0.3%
    3M Excs Rtn-6.9%12.8%1.8%3.9%-6.9%-0.5%0.6%
    6M Excs Rtn-11.4%8.3%-4.4%-4.2%-17.1%-7.5%-5.9%
    12M Excs Rtn-3.8%14.4%-5.3%-16.8%1.2%11.9%-1.3%
    3Y Excs Rtn-54.9%-1.3%-37.6%-52.2%-11.4%-31.0%-34.3%

    Comparison Analyses

    null

    FDIC Bank Data

    Bank Assets

    Bank Loans

    Financials

    $ Mil | FY: 12/312026Q22026Q12025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q3
    Period End6/30/20263/31/202612/31/20259/30/20256/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/2023
    Filing Date7/24/20264/30/20262/27/202610/28/20257/25/20254/30/20252/27/202510/28/20247/26/20244/26/20242/27/202410/27/2023
    Key Financials Quarterly            
    Total Revenue717063446664666465635864
    Net Income27232152222222125221718
    EPS0.900.780.700.160.720.710.720.680.810.710.570.60
    Key Financials TTM            
    Total Revenue TTM247242236239259258257249249249251261
    Net Income TTM767169708688888482828797
    Growth Rates Quarterly            
    Total Revenue Growth7.6%9.7%-4.8%-31.3%1.9%1.5%13.7%-0.2%1.2%-3.5%-15.4%-2.6%
    Net Income Growth23.0%8.1%-3.7%-76.1%-11.6%-0.0%25.8%11.2%-0.9%-17.4%-37.4%-31.5%
    Margins Quarterly            
    Net Income Margin37.8%33.3%33.4%11.2%33.0%33.8%33.0%32.3%38.1%34.3%29.8%28.9%
    Cash & Debt            
    Total Cash1,7441,8271,6461,4845051,8551,9071,8721,7931,8091,8101,547
    Total Debt1,6388947345157798599761,034932941893779
    Net Debt / (Cash)-107-933-912-968274-995-931-838-861-868-917-768
    Cash Flows Quarterly            
    FCF from Operations3249244062439-121658-5778
    Cash Flows TTM            
    FCF from Operations TTM14511994109576710269711580155
    Returns to Shareholders Quarterly            
    Dividends111111111111111111111111
    Share Repurchases-0-0112-0-0-0-02-056
    Return on Invested Capital (ROIC) Quarterly            
    ROIC74.7%---17.7%-------
    Return on Invested Capital (ROIC) TTM            
    ROIC TTM52.9%---17.4%-------

    Segment Financials

    Revenue by Segment
    $ Mil20252024202320222021
    Community banking237258251253 
    Single Segment    238
    Total237258251253238


    Price Behavior

    Price Behavior
    Market Price$32.69 
    Market Cap ($ Bil)1.0 
    First Trading Date05/13/1998 
    Distance from 52W High-8.5% 
       50 Days200 Days
    DMA Price$33.81$31.45
    DMA Trendupup
    Distance from DMA-3.3%3.9%
     3M1YR
    Volatility23.6%24.5%
    Downside Capture25.3361.17
    Upside Capture16.1265.72
    Correlation (SPY)10.9%31.5%
    SBSI Betas & Captures as of 7/31/2026

     1M2M3M6M1Y3Y
    Beta0.420.100.270.450.630.69
    Up Beta1.03-0.160.030.320.760.73
    Down Beta0.12-0.15-0.06-0.020.410.65
    Up Capture-27%24%38%57%57%33%
    Bmk +ve Days11223567138427
    Stock +ve Days10243470127363
    Down Capture95%30%54%71%72%90%
    Bmk -ve Days11212859114326
    Stock -ve Days12192954121379

    [1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
    Based On 1-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with SBSI
    SBSI18.3%24.4%0.63-
    Sector ETF (XLF)13.1%14.6%0.6252.5%
    Equity (SPY)23.1%12.9%1.3431.4%
    Gold (GLD)25.4%28.3%0.79-3.6%
    Commodities (DBC)29.5%19.8%1.19-20.1%
    Real Estate (VNQ)14.4%13.7%0.7437.2%
    Bitcoin (BTCUSD)-44.6%42.9%-1.2514.5%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How
    Based On 5-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with SBSI
    SBSI2.7%28.1%0.10-
    Sector ETF (XLF)11.6%18.4%0.4956.1%
    Equity (SPY)13.4%17.2%0.6039.2%
    Gold (GLD)18.2%18.6%0.79-1.9%
    Commodities (DBC)8.1%19.6%0.315.8%
    Real Estate (VNQ)2.5%18.9%0.0340.6%
    Bitcoin (BTCUSD)9.9%53.0%0.3716.0%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How
    Based On 10-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with SBSI
    SBSI4.4%29.8%0.20-
    Sector ETF (XLF)13.7%22.1%0.5767.1%
    Equity (SPY)15.3%17.9%0.7349.8%
    Gold (GLD)12.0%16.2%0.60-5.1%
    Commodities (DBC)7.1%18.0%0.3115.0%
    Real Estate (VNQ)4.9%20.7%0.2045.1%
    Bitcoin (BTCUSD)58.2%66.2%0.9811.3%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How

    Short Interest

    Short Interest: As Of Date7152026
    Short Interest: Shares Quantity0.7 Mil
    Short Interest: % Change Since 63020266.2%
    Average Daily Volume0.1 Mil
    Days-to-Cover Short Interest6.4 days
    Basic Shares Quantity29.8 Mil
    Short % of Basic Shares2.5%

    Returns Analyses

    Earnings Returns History

    Updated 8/4/2026
    Expand for More
     Forward Returns
    Earnings Date1D Returns5D Returns21D Returns
    7/24/2026-5.1%-5.0% 
    4/30/20264.0%1.9%-0.2%
    1/29/2026-0.4%3.7%-0.6%
    10/24/20251.7%2.3%6.8%
    7/25/20251.6%-4.7%3.9%
    4/29/2025-1.7%-1.2%0.4%
    1/29/2025-0.0%2.3%-1.0%
    10/24/2024-0.8%-1.1%10.9%
    ...
    SUMMARY STATS   
    # Positive101415
    # Negative14108
    Median Positive1.7%2.5%6.5%
    Median Negative-0.9%-1.7%-1.8%
    Max Positive11.6%12.8%13.7%
    Max Negative-5.1%-9.9%-12.2%
     Collapse to Preview
     Forward Returns
    Earnings Date1D Returns5D Returns21D Returns
    7/24/2026-5.1%-5.0% 
    4/30/20264.0%1.9%-0.2%
    1/29/2026-0.4%3.7%-0.6%
    10/24/20251.7%2.3%6.8%
    7/25/20251.6%-4.7%3.9%
    4/29/2025-1.7%-1.2%0.4%
    1/29/2025-0.0%2.3%-1.0%
    10/24/2024-0.8%-1.1%10.9%
    7/25/2024-1.1%-3.2%-0.6%
    4/25/2024-1.4%-0.4%-2.6%
    1/26/20245.9%-1.9%-6.0%
    10/26/2023-2.0%1.3%0.5%
    7/25/202311.6%12.8%1.6%
    4/25/2023-0.9%-9.9%-12.2%
    1/27/2023-0.4%7.5%4.6%
    10/25/2022-2.5%3.7%10.0%
    7/25/20222.8%3.4%2.3%
    4/26/2022-0.7%0.3%0.3%
    1/28/20221.6%2.7%-2.6%
    10/26/20210.6%1.1%7.6%
    7/23/2021-0.3%2.8%7.0%
    4/23/20210.6%-0.5%6.5%
    1/27/2021-1.0%1.1%9.0%
    10/23/20200.6%-1.4%13.7%
    SUMMARY STATS   
    # Positive101415
    # Negative14108
    Median Positive1.7%2.5%6.5%
    Median Negative-0.9%-1.7%-1.8%
    Max Positive11.6%12.8%13.7%
    Max Negative-5.1%-9.9%-12.2%

    SEC Filings

    Expand for More
    Report DateFiling DateFiling
    06/30/202607/24/202610-Q
    03/31/202604/30/202610-Q
    12/31/202502/27/202610-K
    09/30/202510/28/202510-Q
    06/30/202507/25/202510-Q
    03/31/202504/30/202510-Q
    12/31/202402/27/202510-K
    09/30/202410/28/202410-Q
    06/30/202407/26/202410-Q
    03/31/202404/26/202410-Q
    12/31/202302/27/202410-K
    09/30/202310/27/202310-Q
    06/30/202307/28/202310-Q
    03/31/202304/28/202310-Q
    12/31/202202/24/202310-K
    09/30/202210/28/202210-Q
     Collapse to Preview
    Report DateFiling DateFiling
    06/30/202607/24/202610-Q
    03/31/202604/30/202610-Q
    12/31/202502/27/202610-K
    09/30/202510/28/202510-Q
    06/30/202507/25/202510-Q
    03/31/202504/30/202510-Q
    12/31/202402/27/202510-K
    09/30/202410/28/202410-Q
    06/30/202407/26/202410-Q
    03/31/202404/26/202410-Q
    12/31/202302/27/202410-K
    09/30/202310/27/202310-Q
    06/30/202307/28/202310-Q
    03/31/202304/28/202310-Q
    12/31/202202/24/202310-K
    09/30/202210/28/202210-Q
    06/30/202207/29/202210-Q
    03/31/202204/28/202210-Q
    12/31/202102/25/202210-K
    09/30/202110/29/202110-Q
    06/30/202107/30/202110-Q
    03/31/202104/30/202110-Q
    12/31/202002/26/202110-K
    09/30/202010/30/202010-Q
    06/30/202007/31/202010-Q
    03/31/202005/08/202010-Q
    12/31/201902/28/202010-K
    09/30/201910/31/201910-Q

    Recent Forward Guidance

    Updated 7/27/2026

    Latest: Q2 2026 Earnings Reported 7/24/2026

    Forward GuidanceGuidance Change
    MetricLowMidHigh% Chg% DeltaChangePrior
    2026 Loan Growth4.0%5.0%6.0%   

    null

    Insider Activity

    Updated 7/20/2026
    Expand for More
    #OwnerTitleHoldingActionFiling DatePriceSharesTransacted
    Value    		Value of
    Held Shares    		Form
    1Craddock, John Mitchell JRChief Operating OfficerDirectSell609202633.3848616,223162,594Form
    2Calhoun, Kirk A DirectBuy204202633.153009,945567,627Form
    3Buie, Herbert C DirectBuy1205202530.681,80755,43911,943,356Form
     Collapse to Preview
    #OwnerTitleHoldingActionFiling DatePriceSharesTransacted
    Value    		Value of
    Held Shares    		Form
    1Craddock, John Mitchell JRChief Operating OfficerDirectSell609202633.3848616,223162,594Form
    2Calhoun, Kirk A DirectBuy204202633.153009,945567,627Form
    3Buie, Herbert C DirectBuy1205202530.681,80755,43911,943,356Form

    Southside Bancshares — Investor Video Playlist

    Industry Resources

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