Southside Bancshares (SBSI)
NYSE:SBSI
Want to see SBSI full AI Analyst Report?
Top Page
Southside Bancshares
(NYSE:SBSI)
Select Model
Select Model
Rating:65Neutral
Price Target:
$34.00
▲(1.86% Upside)
Action:Reiterated
Date:05/21/26
The score reflects a profitable but slowing financial trajectory (stalled revenue, compressed margins, and weakening cash-flow trend) balanced by strong valuation (low P/E and high dividend yield). The latest call was moderately positive on NIM and growth drivers, but tempered by expense pressure, higher AFS unrealized losses, and greater reliance on wholesale funding; technicals are neutral-to-soft in the near term.
Positive Factors
Sustained profitability and cash generation
A sustained net margin near 16% and positive TTM free cash flow (~$52M) point to durable core profitability and internal funding capacity. That cash generation supports dividends, organic growth and loss-absorbing capacity, improving resilience through economic cycles.
Negative Factors
Slowing revenue and margin compression
Top-line deceleration and margin compression reduce long-term earnings power and slacken internal funding capacity. If revenue growth remains negative, sustaining dividend and funding expense reductions will be harder, constraining strategic investments and M&A optionality.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained profitability and cash generation
A sustained net margin near 16% and positive TTM free cash flow (~$52M) point to durable core profitability and internal funding capacity. That cash generation supports dividends, organic growth and loss-absorbing capacity, improving resilience through economic cycles.
Read all positive factors
Southside Bancshares (SBSI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$986.27M
Dividend Yield4.59%
Average Volume (3M)147.79K
Price to Earnings (P/E)13.9
Beta (1Y)0.65
Revenue Growth-6.76%
EPS Growth-18.82%
CountryUS
Employees778
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)2.36
Shares Outstanding29,751,710
10 Day Avg. Volume155,858
30 Day Avg. Volume147,793
Financial Highlights & Ratios
PEG Ratio-0.62
Price to Book (P/B)1.08
Price to Sales (P/S)2.19
P/FCF Ratio12.46
Enterprise Value/Market Cap1.82
Enterprise Value/Revenue3.99
Enterprise Value/Gross Profit8.11
Enterprise Value/Ebitda13.70
Forecast
1Y Price Target
$35.50Price Target Upside6.35% Upside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)3.4
Revenue Forecast (FY)$293.71M
Southside Bancshares Business Overview & Revenue Model
Company Description
Southside Bancshares, Inc. functions as the holding company for its subsidiary, Southside Bank, which delivers a comprehensive suite of financial solutions to diverse clients, including individual consumers, commercial enterprises, governmental bo...
How the Company Makes Money
Southside Bancshares makes money primarily through its banking subsidiary by (1) earning net interest income and (2) generating noninterest income from fees and financial services. Net interest income is the largest driver for most banks and is pr...
Southside Bancshares Earnings Call Summary
Earnings Call Date:Apr 30, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 29, 2026
Earnings Call Sentiment Positive
The call highlights a solid quarter: double-digit linked-quarter net income and EPS growth, improved NIM, meaningful loan production and lower NPAs, plus strategic MBS purchases and targeted retail expansion and talent hires. Offsetting items include higher noninterest expense (and a weaker efficiency ratio), a material increase in unrealized AFS losses, some deposit outflows and greater reliance on wholesale funding, a reduced pipeline versus a mid-quarter peak, and a small set of multifamily downgrades that management expects to resolve. Management’s tone is optimistic and forward-looking, with plans to control expenses, benefit from lower funding costs after the subordinated debt redemption, and pursue loan and deposit growth while remaining opportunistic on M&A.Positive Updates
Net Income and EPS Growth
Net income of $23.3 million, an increase of $2.3 million or 10.8% linked-quarter; diluted EPS of $0.78, up $0.08 or 11.4% versus prior quarter.
Negative Updates
Increase in Noninterest Expense and Efficiency Ratio
Noninterest expense rose to $40.6 million, up $3.1 million or 8.3% linked-quarter (partly due to salary/benefit increases, $791k loss on sub debt redemption and a $420k one-time retirement expense); efficiency ratio worsened to 54.98% from 52.28%.
Read all updates
Q1-2026 Updates
Positive
Negative
Net Income and EPS Growth
Net income of $23.3 million, an increase of $2.3 million or 10.8% linked-quarter; diluted EPS of $0.78, up $0.08 or 11.4% versus prior quarter.
Read all positive updates
Company Guidance
Management guided to mid‑single‑digit loan growth for 2026 and reiterated that NIM should see upside versus budget as the franchise is asset‑sensitive (Q1 NIM 3.01%), helped by lower funding costs from the Feb. 15 redemption of $93M subordinated notes (7.51% coupon) which should benefit Q2, loan repricing (344.2M fixed‑rate loans maturing/repricing in 12 months, $209M ≤4% with $44M repricing in Q2), and expected CD repricing savings (568M repricing this quarter at a 3.83% average with an estimated ~10 bps savings; another 1.06B reprices by year‑end at a 3.79% average). They plan to keep securities around 2.7–2.8B and reinvest principal cash flows (Q1 principal cash flows 127M, ~42.3M/month) into AFS MBS (Q1 purchases coupons 4.5–5.5%, duration ~7 years, yield ~5.24%), expect higher prepays in Q2, and will fund at least half of loan growth with wholesale (wholesale funding rose 370.5M to 1.4B in Q1); liquidity lines total ~2.68B. On expenses and taxes, management is guiding noninterest expense of roughly 40.5M per remaining quarter (targeting ~7% annual expense growth) and an estimated full‑year effective tax rate of 17.8%, with the budget assuming two 25 bp short‑term cuts (June and Sept.).Southside Bancshares Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
62
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 449.97M | 419.03M | 456.07M | 395.57M | 293.84M | 265.32M |
| Gross Profit | 221.31M | 233.99M | 254.51M | 241.71M | 249.96M | 255.86M |
| EBITDA | 131.09M | 82.84M | 117.84M | 111.71M | 130.74M | 142.25M |
| Net Income | 70.97M | 69.22M | 88.49M | 86.69M | 105.02M | 113.40M |
Balance Sheet | ||||||
| Total Assets | 8.80B | 8.51B | 8.52B | 8.28B | 7.56B | 7.26B |
| Cash, Cash Equivalents and Short-Term Investments | 73.00M | 1.65B | 1.48B | 1.81B | 1.41B | 2.97B |
| Total Debt | 893.76M | 734.09M | 976.45M | 893.32M | 550.52M | 542.73M |
| Total Liabilities | 7.95B | 7.67B | 7.71B | 7.51B | 6.81B | 6.35B |
| Stockholders Equity | 854.86M | 847.62M | 811.94M | 773.29M | 746.00M | 912.17M |
Cash Flow | ||||||
| Free Cash Flow | 96.93M | 73.48M | 90.69M | 72.96M | 217.22M | 147.74M |
| Operating Cash Flow | 118.91M | 93.82M | 101.85M | 79.86M | 226.52M | 156.10M |
| Investing Cash Flow | -414.99M | -34.22M | -382.86M | -327.07M | -634.78M | -194.01M |
| Financing Cash Flow | 252.57M | -95.97M | 146.66M | 608.47M | 405.76M | 131.25M |
Southside Bancshares Technical Analysis
Positive
33.38
Price Trends
32.33
Positive
31.82
Positive
30.32
Positive
Market Momentum
0.12
Negative
55.42
Neutral
51.23
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SBSI, the sentiment is Positive. The current price of 33.38 is above the 20-day moving average (MA) of 32.51, above the 50-day MA of 32.33, and above the 200-day MA of 30.32, indicating a bullish trend. The MACD of 0.12 indicates Negative momentum. The RSI at 55.42 is Neutral, neither overbought nor oversold. The STOCH value of 51.23 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SBSI.
Southside Bancshares Risk Analysis
Southside Bancshares disclosed 48 risk factors in its most recent earnings report. Southside Bancshares reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Southside Bancshares Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $1.13B | 11.91 | 10.19% | 2.59% | 3.92% | 25.09% | |
74 Outperform | $951.66M | 10.08 | 18.63% | 0.04% | 17.95% | 29.31% | |
73 Outperform | $933.84M | 17.27 | 18.23% | 0.66% | 20.11% | 11.08% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | $986.27M | 13.89 | 8.49% | 4.59% | -6.76% | -18.82% | |
63 Neutral | $995.14M | 12.80 | 7.46% | 4.73% | 7.25% | 49.05% | |
60 Neutral | $896.50M | 14.49 | 6.81% | 1.79% | 8.98% | ― |
* Financial Sector Average
SBSI
Southside Bancshares
33.15
5.95
21.88%
CFFN
Capitol Federal Financial
7.85
2.35
42.70%
NBN
Northeast Bancorp
119.29
34.82
41.23%
UVSP
Univest Of Pennsylvania
40.57
12.01
42.03%
ESQ
Esquire Financial Holdings
108.09
18.28
20.35%
AMTB
Amerant Bancorp
22.78
5.44
31.34%
Southside Bancshares Corporate Events
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and ComplianceShareholder Meetings
Southside Bancshares Authorizes New Flexible Preferred Stock Shares
Positive
May 20, 2026
On May 14, 2026, Southside Bancshares held its 2026 Annual Meeting of Shareholders, where investors approved an amendment to its Restated Certificate of Formation to authorize up to 8,000,000 shares of flexible preferred stock, effective May 19, 2...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.