Southside Bancshares, Inc. (SBSI) financial statements (2022 and earlier)

Company profile

Business Address 1201 S BECKHAM
TYLER, TX 75701
State of Incorp. TX
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments20210811112119917081
Cash and cash equivalents20210811112119917081
Restricted cash and investments      19
Total current assets:202108111121199170100
Noncurrent Assets
Operating lease, right-of-use asset151510
Property, plant and equipment143145144136134106108
Intangible assets, net (including goodwill)2082112142192249698
Goodwill2012012012012019292
Intangible assets, net (excluding goodwill)71013182357
Total noncurrent assets:366370368355358202206
Other undisclosed assets6,6926,5296,2705,6485,9425,1924,856
TOTAL ASSETS:7,2607,0086,7496,1236,4985,5645,162
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt232328910874648
Total current liabilities:232328910874648
Noncurrent Liabilities
Liabilities, other than long-term debt18165    
Deferred income tax liabilities18165
Total noncurrent liabilities:18165    
Other undisclosed liabilities6,3066,0945,9115,3835,7344,1724,070
Total liabilities:6,3476,1335,9445,3925,7445,0454,718
Stockholders' equity
Stockholders' equity attributable to parent912875805731754518444
Common stock47474747473935
Treasury stock, value(155)(124)(94)(93)(47)(48)(38)
Additional paid in capital781772767762757535424
Accumulated other comprehensive income (loss)60694(50)(36)(38)(19)
Retained earnings1801118065333042
Total stockholders' equity:912875805731754518444
TOTAL LIABILITIES AND EQUITY:7,2607,0086,7496,1236,4985,5645,162

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues208206192188175163152
Net investment income196197189186144131121
Financial services revenue303231
Cost of revenue (20)(5)(8)(5)(10)(8)
Provision for loan, lease, and other losses (20)(5)(8)
Financial services costs(5)(10)(8)
Gross profit:208185187180170153144
Operating expenses(32)(31)(32)(34)(90)(90)(93)
Other operating income, net
(Noninterest Income, Other Operating Income)
6 45454
Operating income:182154160151856855
Nonoperating income4 23333
Investment income, nonoperating1      
Bank owned life insurance income3 23333
Interest and debt expense(28)(45)(71)(57)(44)(29)(20)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (16)(3)(12)271813
Income from continuing operations before equity method investments, income taxes:158938884706051
Other undisclosed loss from continuing operations before income taxes(27)      
Income from continuing operations before income taxes:131938884706051
Income tax expense(17)(11)(13)(10)(16)(10)(7)
Net income available to common stockholders, diluted:113827574544944

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:113827574544944
Other comprehensive income (loss)(9)6554(14)8(20)(3)
Comprehensive income, net of tax, attributable to parent:10414712960623041

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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