Southside Bancshares, Inc. (SBSI)

Southside Bancshares Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	414.34	244.8	170.41	144.8	158.45
Interest Income on Investments	-	114.94	82.57	71.18	73.38
Total Interest Income	414.34	359.74	252.98	215.99	231.83
Interest Paid on Deposits	198.21	108.16	29.08	9.4	24.65
Interest Paid on Borrowings	-	36.56	11.57	17.03	19.92
Total Interest Expense	198.21	144.71	40.64	26.43	44.56
Net Interest Income	216.13	215.03	212.34	189.56	187.27
Net Interest Income Growth (YoY)	0.51%	1.26%	12.02%	1.22%	10.28%
Trust Income	6.19	5.91	5.99	5.96	5.13
Gain (Loss) on Sale of Investments	-2.51	-10.85	-4.5	3.69	7.83
Other Non-Interest Income	13.59	14.71	13	11.68	9.64
Total Non-Interest Income	41.73	35.83	40.86	49.34	49.73
Non-Interest Income Growth (YoY)	16.46%	-12.29%	-17.19%	-0.80%	17.38%
Revenues Before Loan Losses	257.86	250.86	253.2	238.89	237
Provision for Loan Losses	3.35	9.15	3.24	-16.96	20.2
Revenue	254.51	241.71	249.96	255.86	216.8
Revenue Growth (YoY)	5.30%	-3.30%	-2.31%	18.02%	4.70%
Salaries and Employee Benefits	90.29	81.07	78.41	75.87	73.21
Occupancy Expenses	14.35	12.89	13.36	12.43	12.18
Federal Deposit Insurance	3.79	3.56	1.95	1.81	1.12
Amortization of Goodwill & Intangibles	1.17	1.7	2.27	2.85	3.62
Selling, General & Administrative	21.64	26.66	23.13	20.12	19.53
Other Non-Interest Expense	15.89	14.7	11.21	10.84	13.66
Total Non-Interest Expense	147.14	140.58	130.33	123.91	123.31
EBT Excluding Unusual Items	107.38	101.13	119.63	131.95	93.49
Other Unusual Items	-	-	-	-1.12	-
Pretax Income	107.38	101.13	119.63	130.83	93.49
Income Tax Expense	18.88	14.44	14.61	17.43	11.34
Net Income	88.49	86.69	105.02	113.4	82.15
Net Income to Common	88.49	86.69	105.02	113.4	82.15
Net Income Growth	2.08%	-17.45%	-7.39%	38.04%	10.19%
Basic Shares Outstanding	30	31	32	33	33
Diluted Shares Outstanding	30	31	32	33	33
Shares Change (YoY)	-1.27%	-4.63%	-1.35%	-1.77%	-1.81%
EPS (Basic)	2.92	2.82	3.27	3.48	2.47
EPS (Diluted)	2.91	2.82	3.26	3.47	2.47
EPS Growth	3.19%	-13.50%	-6.05%	40.49%	12.27%
Dividend Per Share	1.440	1.400	1.360	1.310	1.250
Dividend Growth	2.86%	2.94%	3.82%	4.80%	1.63%
Effective Tax Rate	17.59%	14.28%	12.21%	13.32%	12.13%

Source: S&P Capital IQ. Banks template. Financial Sources.