Southside Bancshares, Inc. (SBSI) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1081111211991708185
Cash and cash equivalents1081111211991708185
Restricted cash and investments     1913
Disposal group, including discontinued operation      3
Total current assets:108111121199170100101
Noncurrent Assets
Operating lease, right-of-use asset1510
Property, plant and equipment145144136134106108113
Intangible assets, net (including goodwill)2112142192249698100
Goodwill201201201201929291
Intangible assets, net (excluding goodwill)10131823579
Total noncurrent assets:370368355358202206213
Other undisclosed assets6,5296,2705,6485,9425,1924,8564,493
TOTAL ASSETS:7,0086,7496,1236,4985,5645,1624,807
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt2328910874648302
Total current liabilities:2328910874648302
Noncurrent Liabilities
Liabilities, other than long-term debt165     
Deferred income tax liabilities165
Total noncurrent liabilities:165     
Other undisclosed liabilities6,0945,9115,3835,7344,1724,0704,080
Total liabilities:6,1335,9445,3925,7445,0454,7184,382
Stockholders' equity
Stockholders' equity attributable to parent875805731754518444425
Common stock47474747393533
Treasury stock, value(124)(94)(93)(47)(48)(38)(38)
Additional paid in capital772767762757535424390
Accumulated other comprehensive income (loss)694(50)(36)(38)(19)(16)
Retained earnings111806533304255
Total stockholders' equity:875805731754518444425
TOTAL LIABILITIES AND EQUITY:7,0086,7496,1236,4985,5645,1624,807

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues206192188175163152117
Net investment income19718918614413112195
Financial services revenue30323122
Cost of revenue(20)(5)(8)(5)(10)(8)(15)
Provision for loan, lease, and other losses(20)(5)(8)
Financial services costs(5)(10)(8)(15)
Gross profit:185187180170153144102
Operating expenses(31)(32)(34)(90)(90)(93)(90)
Other operating income, net
(Noninterest Income, Other Operating Income)
 454544
Operating income:15416015185685517
Nonoperating income 233334
Investment income, nonoperating      3
Bank owned life insurance income 233331
Interest and debt expense(45)(71)(57)(44)(29)(20)(17)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(16)(3)(12)27181315
Income from continuing operations before income taxes:93888470605119
Income tax expense (benefit)(11)(13)(10)(16)(10)(7)2
Net income available to common stockholders, diluted:82757454494421

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:82757454494421
Other comprehensive income (loss)6554(14)8(20)(3)5
Comprehensive income, net of tax, attributable to parent:1471296062304126

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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