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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments111121199170818554
Cash and cash equivalents111121199170818554
Restricted cash and investments    1913 
Disposal group, including discontinued operation     3 
Total current assets:11112119917010010154
Noncurrent Assets
Operating lease, right-of-use asset10
Property, plant and equipment14413613410610811352
Intangible assets, net (including goodwill)214219224969810022
Goodwill20120120192929122
Intangible assets, net (excluding goodwill)1318235790
Total noncurrent assets:36835535820220621374
Other undisclosed assets6,2705,6485,9425,1924,8564,4933,317
TOTAL ASSETS:6,7496,1236,4985,5645,1624,8073,446
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt2891087464830274
Total current liabilities:2891087464830274
Noncurrent Liabilities
Liabilities, other than long-term debt5      
Deferred income tax liabilities5
Total noncurrent liabilities:5      
Other undisclosed liabilities5,9115,3835,7344,1724,0704,0803,112
Total liabilities:5,9445,3925,7445,0454,7184,3823,186
Stockholders' equity
Stockholders' equity attributable to parent805731754518444425260
Common stock47474739353325
Treasury stock, value(94)(93)(47)(48)(38)(38)(38)
Additional paid in capital767762757535424390214
Accumulated other comprehensive income (loss)4(50)(36)(38)(19)(16)(21)
Retained earnings80653330425579
Total stockholders' equity:805731754518444425260
TOTAL LIABILITIES AND EQUITY:6,7496,1236,4985,5645,1624,8073,446

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues192188175163152117 
Net investment income18918614413112195 
Financial services revenue30323122 
Cost of revenue(5)(8)(5)(10)(8)(15)(9)
Provision for loan, lease, and other losses(5)(8)
Financial services costs(5)(10)(8)(15)(9)
Gross profit:187180170153144102(9)
Operating expenses(32)(34)(90)(90)(93)(90)(59)
Other operating income, net
(Noninterest Income, Other Operating Income)
4545444
Operating income (loss):16015185685517(63)
Nonoperating income23333412
Investment income, nonoperating     38
Bank owned life insurance income2333313
Interest and debt expense(71)(57)(44)(29)(20)(17)(18)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(3)(12)27181315116
Income from continuing operations before income taxes:88847060511946
Income tax expense (benefit)(13)(10)(16)(10)(7)2(5)
Net income available to common stockholders, diluted:75745449442141

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:75745449442141
Other comprehensive income (loss)54(14)8(20)(3)5(24)
Comprehensive income, net of tax, attributable to parent:129606230412617

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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