SBSI

MKT CAP:$973M

Southside Bancshares, Inc.

Market Cap

$973M

Financial Services·Banks - Regional·🇺🇸 United States·NASDAQ

Financials·Banks - Regional·🇺🇸·NASDAQ

Stock Price

$32.82+$2.37 (+7.78%)

Apr 24, 2026

Company Details

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...

CEO

Keith Donahoe

IPO Date

May 13, 1998

Website

www.southside.com

Key Metrics TTM

Revenue

$454M

+2.4% YoY

Net Income

$70M

EPS (Diluted)

$2.31

Free Cash Flow

$91M

Revenue / Share

$14.98

Gross Margin

48.5%

Operating Margin

18.6%

Net Margin

15.4%

FCF Margin

20.0%

P/S

2.1x

P/E

13.9x

Earnings Reports

Q4 2025

May 5, 2026

PENDING

FY 2025

Feb 27, 2026

$419M-8.1%EPS $2.29

Q3 2025

Oct 28, 2025

$118M+4.4%EPS $0.16

Q2 2025

Jul 25, 2025

$110M-4.4%EPS $0.72

Q1 2025

Apr 30, 2025

$110M-1.8%EPS $0.71

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 21	$66M	$64M	$33M
Q1 22	$64M	$59M	$28M
Q2 22	$66M	$60M	$29M
Q3 22	$77M	$64M	$31M
Q4 22	$87M	$66M	$32M
Q1 23	$93M	$65M	$31M
Q2 23	$97M	$64M	$29M
Q3 23	$104M	$57M	$22M
Q4 23	$102M	$56M	$20M
Q1 24	$112M	$63M	$26M
Q2 24	$115M	$65M	$30M
Q3 24	$113M	$61M	$25M
Q4 24	$115M	$66M	$26M
Q1 25	$110M	$63M	$26M
Q2 25	$110M	$65M	$27M
Q3 25	$118M	$26M	$5M

Valuation

Quarter	P/S	P/E
Q4 21	3.7x	8.6x
Q1 22	3.7x	9.3x
Q2 22	3.7x	9.0x
Q3 22	3.6x	9.2x
Q4 22	3.3x	9.3x
Q1 23	3.0x	9.2x
Q2 23	2.8x	9.2x
Q3 23	2.6x	10.0x
Q4 23	2.5x	11.2x
Q1 24	2.3x	11.8x
Q2 24	2.2x	11.9x
Q3 24	2.2x	11.6x
Q4 24	2.1x	11.0x
Q1 25	2.1x	11.0x
Q2 25	2.2x	11.4x
Q3 25	2.1x	13.9x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 21	$27M	$26M
Q1 22	$85M	$83M
Q2 22	$43M	$40M
Q3 22	$80M	$77M
Q4 22	$18M	$17M
Q1 23	$24M	$21M
Q2 23	$34M	$33M
Q3 23	$78M	$77M
Q4 23	-$57M	-$58M
Q1 24	$58M	$56M
Q2 24	$16M	$15M
Q3 24	-$12M	-$14M
Q4 24	$39M	$34M
Q1 25	$24M	$22M
Q2 25	$6M	-$2M
Q3 25	$40M	$38M

Capital Expenditures

Quarter	CapEx
Q4 21	$2M
Q1 22	$3M
Q2 22	$2M
Q3 22	$3M
Q4 22	$931.0K
Q1 23	$2M
Q2 23	$1M
Q3 23	$2M
Q4 23	$2M
Q1 24	$3M
Q2 24	$1M
Q3 24	$2M
Q4 24	$5M
Q1 25	$2M
Q2 25	$8M
Q3 25	$3M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 21	-1.6%	-2.2%
Q1 22	-3.9%	+28.7%
Q2 22	+4.1%	-4.9%
Q3 22	+13.8%	+38.4%
Q4 22	+30.7%	+66.7%
Q1 23	+43.9%	+71.2%
Q2 23	+47.4%	+81.9%
Q3 23	+34.8%	+78.2%
Q4 23	+18.0%	+51.1%
Q1 24	+21.2%	+38.9%
Q2 24	+18.9%	+26.5%
Q3 24	+9.6%	+8.0%
Q4 24	+12.3%	+6.8%
Q1 25	-1.8%	-2.5%
Q2 25	-4.4%	-2.0%
Q3 25	+4.4%	+28.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 21	$831.0K	1.3%
Q1 22	$819.0K	1.3%
Q2 22	$847.0K	1.3%
Q3 22	$760.0K	1.0%
Q4 22	$795.0K	0.9%
Q1 23	$914.0K	1.0%
Q2 23	$924.0K	1.0%
Q3 23	$875.0K	0.8%
Q4 23	$839.0K	0.8%
Q1 24	$756.0K	0.7%
Q2 24	$761.0K	0.7%
Q3 24	$987.0K	0.9%
Q4 24	$1M	0.9%
Q1 25	$914.0K	0.8%
Q2 25	$686.0K	0.6%
Q3 25	$790.0K	0.7%

OpEx Breakdown

Quarter	G&A	S&M
Q4 21	$23M	$876.0K
Q1 22	$20M	$737.0K
Q2 22	$21M	$716.0K
Q3 22	$22M	$789.0K
Q4 22	$15M	$1M
Q1 23	$22M	$1M
Q2 23	$23M	$854.0K
Q3 23	$22M	$1M
Q4 23	$22M	$1M
Q1 24	$24M	$950.0K
Q2 24	$23M	$795.0K
Q3 24	$23M	$734.0K
Q4 24	$24M	$884.0K
Q1 25	$23M	$924.0K
Q2 25	$23M	$950.0K
Q3 25	$20M	$924.0K

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$163M	$2.1B	$2.2B
Q2 22	$124M	$1.7B	$1.9B
Q3 22	$143M	$1.4B	$1.6B
Q4 22	$115M	$1.3B	$1.4B
Q1 23	$253M	$1.4B	$1.7B
Q2 23	$129M	$1.3B	$1.5B
Q3 23	$212M	$1.3B	$1.5B
Q4 23	$514M	$1.3B	$1.8B
Q1 24	$404M	$1.4B	$1.8B
Q2 24	$387M	$1.4B	$1.8B
Q3 24	$464M	$1.4B	$1.9B
Q4 24	$373M	$1.1B	$1.5B
Q1 25	$397M	$1.5B	$1.9B
Q2 25	$370M	$135M	$505M
Q3 25	$456M	$1.0B	$1.5B
Q4 25	$81M	$1.5B	$1.5B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 21	32M	-0.2%	-1.9%
Q1 22	33M	+0.2%	-1.2%
Q2 22	32M	-0.9%	-1.7%
Q3 22	32M	-0.1%	-1.0%
Q4 22	32M	-0.8%	-1.6%
Q1 23	31M	-1.6%	-3.3%
Q2 23	31M	-2.3%	-4.6%
Q3 23	31M	-0.7%	-5.2%
Q4 23	30M	-0.9%	-5.3%
Q1 24	30M	+0.1%	-3.7%
Q2 24	30M	+0.0%	-1.4%
Q3 24	30M	+0.2%	-0.6%
Q4 24	30M	0.0%	+0.3%
Q1 25	30M	+0.4%	+0.6%
Q2 25	30M	-0.6%	-0.0%
Q3 25	30M	+0.0%	-0.2%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 21	$82.1K	809
Q1 22	$79.5K	809
Q2 22	$81.4K	809
Q3 22	$95.0K	809
Q4 22	$107.4K	809
Q1 23	$114.4K	809
Q2 23	$119.9K	809
Q3 23	$128.0K	809
Q4 23	$125.7K	815
Q1 24	$137.6K	815
Q2 24	$141.6K	815
Q3 24	$139.2K	815
Q4 24	$147.9K	778
Q1 25	$141.6K	778
Q2 25	$141.8K	778
Q3 25	$152.3K	778

Revenue / Employee