Last $28.96 USD
Change Today -0.07 / -0.24%
Volume 112.5K
SBSI On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

southside bancshares inc (SBSI) Snapshot

Open
$29.08
Previous Close
$29.03
Day High
$29.27
Day Low
$28.69
52 Week High
04/23/14 - $31.72
52 Week Low
07/22/13 - $22.59
Market Cap
545.2M
Average Volume 10 Days
145.6K
EPS TTM
$2.04
Shares Outstanding
18.8M
EX-Date
05/20/14
P/E TM
14.2x
Dividend
$0.84
Dividend Yield
3.09%
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, which include investment management, administration, and advisory services for individuals, partnerships, and corporations; safe deposit services; and brokerage services. The company operates through 50 branches and 13 motor bank facilities, as well as a network of 49 automated teller machines located in Tyler, Longview, Lindale, Gresham, Jacksonville, Bullard, Chandler, Hawkins, Seven Points, Palestine, Forney, Gun Barrel City, Athens, Whitehouse, Fort Worth, Arlington, and Austin of Texas. Southside Bancshares, Inc. was founded in 1960 and is headquartered in Tyler, Texas.

640 Employees
Last Reported Date: 03/14/14
Founded in 1960

southside bancshares inc (SBSI) Top Compensated Officers

Chief Executive Officer, President, Chief Ope...
Total Annual Compensation: $639.4K
Chief Financial Officer, Senior Executive Vic...
Total Annual Compensation: $544.6K
Regional President of Central Texas and Advis...
Total Annual Compensation: $384.8K
Compensation as of Fiscal Year 2013.

southside bancshares inc (SBSI) Key Developments

Southside Bancshares, Inc. Declares Regular Quarterly Cash Dividend, Payable on June 5, 2014

The Board of Directors of Southside Bancshares Inc. declared a regular quarterly cash dividend of $0.21 per common share. The cash dividend is payable to common stock shareholders of record May 22, 2014. The cash dividend is scheduled for payment on June 5, 2014.

Southside Bancshares Inc. Announces Unaudited Earnings Results for the First Quarter Ended March 31, 2014

Southside Bancshares Inc. announced unaudited earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported total interest income was $32,239,000 compared to $26,561,000 for the same period a year ago. Net interest income was $27,892,000 compared to $21,460,000 for the same period a year ago. Net interest income after provision for loan losses was $23,759,000 compared to $20,968,000 for the same period a year ago. Income before income tax expense was $9,383,000 compared to $10,889,000 for the same period a year ago. Net income was $8,224,000 or $0.44 per basic and diluted share compared to $9,042,000 or $0.48 basic and diluted share for the same period a year ago. The decrease was primarily the result of a decrease in noninterest income of $4.4 million and an increase in provision for loan losses of $3.6 million, which was partially offset by a $5.7 million increase in interest income, a $754,000 decrease in interest expense and a $688,000 decrease in provision for income tax expense. Book value per common share was $14.42 compared to $13.66 at the same period a year ago. Return on average assets was 0.96% compared to 1.14% as at March 31, 2013. Return on average shareholders equity was 12.44% compared to 14.19% as at March 31, 2012.

Southside Bancshares Inc. Presents at 2014 Gulf South Bank Conference, May-13-2014 04:30 PM

Southside Bancshares Inc. Presents at 2014 Gulf South Bank Conference, May-13-2014 04:30 PM. Venue: New Orleans, Louisiana, United States. Speakers: Charles E. Dawson, Chief Executive Officer, President, Chief Operating Officer of Southside Bank, President of Southside Bank, Secretary, Chief Executive Officer of Southside Bank, Director 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.

 

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Industry Analysis

SBSI

Industry Average

Valuation SBSI Industry Range
Price/Earnings 13.5x
Price/Sales 4.3x
Price/Book 2.0x
Price/Cash Flow 13.5x
TEV/Sales NM Not Meaningful
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