Southside Bancshares, Inc. (SBSI)

Southside Bancshares Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	278.75	279.37	244.8	170.41	144.8	158.45
Interest Income on Investments	133.12	134.97	114.94	82.57	71.18	73.38
Total Interest Income	411.87	414.34	359.74	252.98	215.99	231.83
Interest Paid on Deposits	152.71	153.66	108.16	29.08	9.4	24.65
Interest Paid on Borrowings	42.53	44.55	36.56	11.57	17.03	19.92
Total Interest Expense	195.24	198.21	144.71	40.64	26.43	44.56
Net Interest Income	216.63	216.13	215.03	212.34	189.56	187.27
Net Interest Income Growth (YoY)	0.75%	0.51%	1.26%	12.02%	1.22%	10.28%
Trust Income	6.62	6.19	5.91	5.99	5.96	5.13
Gain (Loss) on Sale of Investments	-2.96	-2.56	-10.85	-4.5	3.69	7.83
Other Non-Interest Income	13.78	13.64	14.71	13	11.68	9.64
Total Non-Interest Income	42.23	41.73	35.83	40.86	49.34	49.73
Non-Interest Income Growth (YoY)	25.97%	16.46%	-12.29%	-17.19%	-0.80%	17.38%
Revenues Before Loan Losses	258.86	257.86	250.86	253.2	238.89	237
Provision for Loan Losses	4.05	3.35	9.15	3.24	-16.96	20.2
Revenue	254.82	254.51	241.71	249.96	255.86	216.8
Revenue Growth (YoY)	6.49%	5.30%	-3.30%	-2.31%	18.02%	4.70%
Salaries and Employee Benefits	84.88	85.77	81.07	78.41	75.87	73.21
Occupancy Expenses	12.54	12.5	12.89	13.36	12.43	12.18
Federal Deposit Insurance	3.79	3.79	3.56	1.95	1.81	1.12
Amortization of Goodwill & Intangibles	1.06	1.17	1.7	2.27	2.85	3.62
Selling, General & Administrative	28.44	28.02	26.66	23.13	20.12	19.53
Other Non-Interest Expense	16.64	15.89	14.7	11.21	10.84	13.66
Total Non-Interest Expense	147.35	147.14	140.58	130.33	123.91	123.31
EBT Excluding Unusual Items	107.47	107.38	101.13	119.63	131.95	93.49
Other Unusual Items	-	-	-	-	-1.12	-
Pretax Income	107.47	107.38	101.13	119.63	130.83	93.49
Income Tax Expense	18.98	18.88	14.44	14.61	17.43	11.34
Net Income	88.49	88.49	86.69	105.02	113.4	82.15
Preferred Dividends & Other Adjustments	0.06	0.06	0.04	0.03	-	-
Net Income to Common	88.43	88.44	86.65	104.99	113.4	82.15
Net Income Growth	7.69%	2.08%	-17.45%	-7.39%	38.04%	10.19%
Basic Shares Outstanding	30	30	31	32	33	33
Diluted Shares Outstanding	30	30	31	32	33	33
Shares Change (YoY)	-0.18%	-1.27%	-4.63%	-1.35%	-1.77%	-1.81%
EPS (Basic)	2.92	2.92	2.82	3.27	3.48	2.47
EPS (Diluted)	2.91	2.91	2.82	3.26	3.47	2.47
EPS Growth	7.94%	3.19%	-13.50%	-6.05%	40.49%	12.27%
Dividend Per Share	1.440	1.440	1.400	1.360	1.310	1.250
Dividend Growth	2.13%	2.86%	2.94%	3.82%	4.80%	1.63%
Effective Tax Rate	17.66%	17.59%	14.28%	12.21%	13.32%	12.13%

Updated Apr 29, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q