Southside Bancshares, Inc. (SBSI)

Southside Bancshares Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	284.02	244.8	170.41	144.8	158.45	170.29
Interest Income on Investments	114.94	114.94	82.57	71.18	73.38	70.5
Total Interest Income	398.96	359.74	252.98	215.99	231.83	240.79
Interest Paid on Deposits	147.69	108.16	29.08	9.4	24.65	44.57
Interest Paid on Borrowings	36.56	36.56	11.57	17.03	19.92	26.42
Total Interest Expense	184.25	144.71	40.64	26.43	44.56	70.98
Net Interest Income	214.71	215.03	212.34	189.56	187.27	169.81
Net Interest Income Growth (YoY)	-2.24%	1.26%	12.02%	1.22%	10.28%	-1.31%
Trust Income	5.75	5.91	5.99	5.96	5.13	6.27
Gain (Loss) on Sale of Investments	-10.88	-10.85	-4.5	3.69	7.83	0.82
Other Non-Interest Income	14.77	14.71	13	11.68	9.64	8.73
Total Non-Interest Income	34.62	35.83	40.86	49.34	49.73	42.37
Non-Interest Income Growth (YoY)	-20.48%	-12.29%	-17.19%	-0.80%	17.38%	3.91%
Revenues Before Loan Losses	249.33	250.86	253.2	238.89	237	212.17
Provision for Loan Losses	8.84	9.15	3.24	-16.96	20.2	5.1
Revenue	240.49	241.71	249.96	255.86	216.8	207.07
Revenue Growth (YoY)	-7.39%	-3.30%	-2.31%	18.02%	4.70%	1.31%
Salaries and Employee Benefits	82.94	81.07	78.41	75.87	73.21	70.64
Federal Deposit Insurance	3.71	3.56	1.95	1.81	1.12	0.86
Amortization of Goodwill & Intangibles	1.42	1.7	2.27	2.85	3.62	4.42
Selling, General & Administrative	27.75	26.66	23.13	20.12	19.53	18.84
Other Non-Interest Expense	14.98	14.7	11.21	10.84	13.66	13
Total Non-Interest Expense	143.38	140.58	130.33	123.91	123.31	119.3
EBT Excluding Unusual Items	97.11	101.13	119.63	131.95	93.49	87.78
Other Unusual Items	-	-	-	-1.12	-	-
Pretax Income	97.11	101.13	119.63	130.83	93.49	87.78
Income Tax Expense	15.16	14.44	14.61	17.43	11.34	13.22
Earnings From Continuing Operations	81.95	86.69	105.02	113.4	82.15	74.55
Net Income to Common	81.95	86.69	105.02	113.4	82.15	74.55
Basic Shares Outstanding	30	31	32	33	33	34
Diluted Shares Outstanding	30	31	32	33	33	34
Shares Change (YoY)	-3.92%	-4.63%	-1.35%	-1.77%	-1.81%	-3.48%
EPS (Basic)	2.70	2.82	3.27	3.48	2.47	2.21
EPS (Diluted)	2.69	2.82	3.26	3.47	2.47	2.20
EPS Growth	-19.37%	-13.50%	-6.05%	40.49%	12.27%	4.27%
Effective Tax Rate	15.61%	14.28%	12.21%	13.32%	12.13%	15.06%
Dividend Per Share	1.420	1.400	1.360	1.310	1.250	1.230
Dividend Growth	2.90%	2.94%	3.82%	4.80%	1.63%	4.24%

Source: S&P Capital IQ. Banks template.