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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	274.12	279.37	244.8	170.41	144.8	158.45
Interest Income on Investments	128.32	134.97	114.94	82.57	71.18	73.38
Total Interest Income	402.44	414.34	359.74	252.98	215.99	231.83
Interest Paid on Deposits	151.89	153.66	108.16	29.08	9.4	24.65
Interest Paid on Borrowings	33	44.55	36.56	11.57	17.03	19.92
Total Interest Expense	184.89	198.21	144.71	40.64	26.43	44.56
Net Interest Income	217.54	216.13	215.03	212.34	189.56	187.27
Net Interest Income Growth (YoY)	0.29%	0.51%	1.26%	12.02%	1.22%	10.28%
Trust Income	7.5	6.19	5.91	5.99	5.96	5.13
Gain (Loss) on Sale of Investments	-24.97	-2.56	-10.85	-4.5	3.69	7.83
Other Non-Interest Income	15.56	13.64	14.71	13	11.68	9.64
Total Non-Interest Income	22.66	41.73	35.83	40.86	49.34	49.73
Non-Interest Income Growth (YoY)	-29.09%	16.46%	-12.29%	-17.19%	-0.80%	17.38%
Revenues Before Loan Losses	240.2	257.86	250.86	253.2	238.89	237
Provision for Loan Losses	3.86	3.35	9.15	3.24	-16.96	20.2
Revenue	236.35	254.51	241.71	249.96	255.86	216.8
Revenue Growth (YoY)	-3.38%	5.30%	-3.30%	-2.31%	18.02%	4.70%
Salaries and Employee Benefits	86.01	85.77	81.07	78.41	75.87	73.21
Occupancy Expenses	12.56	12.5	12.89	13.36	12.43	12.18
Federal Deposit Insurance	3.75	3.79	3.56	1.95	1.81	1.12
Amortization of Goodwill & Intangibles	0.84	1.17	1.7	2.27	2.85	3.62
Selling, General & Administrative	28.88	28.02	26.66	23.13	20.12	19.53
Other Non-Interest Expense	20	15.89	14.7	11.21	10.84	13.66
Total Non-Interest Expense	152.04	147.14	140.58	130.33	123.91	123.31
EBT Excluding Unusual Items	84.31	107.38	101.13	119.63	131.95	93.49
Other Unusual Items	-	-	-	-	-1.12	-
Pretax Income	84.31	107.38	101.13	119.63	130.83	93.49
Income Tax Expense	14.29	18.88	14.44	14.61	17.43	11.34
Net Income	70.02	88.49	86.69	105.02	113.4	82.15
Preferred Dividends & Other Adjustments	0.05	0.06	0.04	0.03	-	-
Net Income to Common	69.97	88.44	86.65	104.99	113.4	82.15
Net Income Growth	-16.67%	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)	0.12%	-1.27%	-4.63%	-1.35%	-1.77%	-1.81%
EPS (Basic)	2.31	2.92	2.82	3.27	3.48	2.47
EPS (Diluted)	2.30	2.91	2.82	3.26	3.47	2.47
EPS Growth	-17.08%	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	0.70%	2.86%	2.94%	3.82%	4.80%	1.63%
Effective Tax Rate	16.95%	17.59%	14.28%	12.21%	13.32%	12.13%

Updated Oct 24, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q