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SOUTHSIDE BANCSHARES INC (SBSI) Stock Fundamental Analysis

NYSE:SBSI - New York Stock Exchange, Inc. - US84470P1093 - Common Stock - Currency: USD

27.49  -0.1 (-0.36%)

Fundamental Rating

4

Taking everything into account, SBSI scores 4 out of 10 in our fundamental rating. SBSI was compared to 398 industry peers in the Banks industry. There are concerns on the financial health of SBSI while its profitability can be described as average. SBSI is valued correctly, but it does not seem to be growing. Finally SBSI also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

SBSI had positive earnings in the past year.
In the past year SBSI had a positive cash flow from operations.
SBSI had positive earnings in each of the past 5 years.
In the past 5 years SBSI always reported a positive cash flow from operatings.
SBSI Yearly Net Income VS EBIT VS OCF VS FCFSBSI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M

1.2 Ratios

SBSI has a better Return On Assets (1.04%) than 70.35% of its industry peers.
SBSI has a better Return On Equity (10.90%) than 75.38% of its industry peers.
Industry RankSector Rank
ROA 1.04%
ROE 10.9%
ROIC N/A
ROA(3y)1.16%
ROA(5y)1.24%
ROE(3y)12.06%
ROE(5y)11.6%
ROIC(3y)N/A
ROIC(5y)N/A
SBSI Yearly ROA, ROE, ROICSBSI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10

1.3 Margins

The Profit Margin of SBSI (34.32%) is better than 90.95% of its industry peers.
In the last couple of years the Profit Margin of SBSI has remained more or less at the same level.
SBSI does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 34.32%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-10.25%
PM growth 5Y-0.48%
GM growth 3YN/A
GM growth 5YN/A
SBSI Yearly Profit, Operating, Gross MarginsSBSI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40

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2

2. Health

2.1 Basic Checks

SBSI does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, SBSI has more shares outstanding
The number of shares outstanding for SBSI has been reduced compared to 5 years ago.
The debt/assets ratio for SBSI has been reduced compared to a year ago.
SBSI Yearly Shares OutstandingSBSI Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M
SBSI Yearly Total Debt VS Total AssetsSBSI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

2.2 Solvency

SBSI has a debt to FCF ratio of 2.52. This is a good value and a sign of high solvency as SBSI would need 2.52 years to pay back of all of its debts.
With a Debt to FCF ratio value of 2.52, SBSI perfoms like the industry average, outperforming 46.48% of the companies in the same industry.
SBSI has a Debt/Equity ratio of 0.28. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of SBSI (0.28) is worse than 64.82% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.28
Debt/FCF 2.52
Altman-Z N/A
ROIC/WACCN/A
WACC14.62%
SBSI Yearly LT Debt VS Equity VS FCFSBSI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
SBSI Yearly Current Assets VS Current LiabilitesSBSI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M

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3

3. Growth

3.1 Past

SBSI shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 3.56%.
The Earnings Per Share has been growing slightly by 5.75% on average over the past years.
Looking at the last year, SBSI shows a small growth in Revenue. The Revenue has grown by 2.79% in the last year.
The Revenue has been growing slightly by 3.97% on average over the past years.
EPS 1Y (TTM)3.56%
EPS 3Y-5.97%
EPS 5Y5.75%
EPS Q2Q%24.56%
Revenue 1Y (TTM)2.79%
Revenue growth 3Y2.58%
Revenue growth 5Y3.97%
Sales Q2Q%15.8%

3.2 Future

The Earnings Per Share is expected to grow by 1.73% on average over the next years.
The Revenue is expected to grow by 3.94% on average over the next years.
EPS Next Y-0.98%
EPS Next 2Y1.73%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year2.53%
Revenue Next 2Y3.94%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
SBSI Yearly Revenue VS EstimatesSBSI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 50M 100M 150M 200M 250M
SBSI Yearly EPS VS EstimatesSBSI Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3

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5

4. Valuation

4.1 Price/Earnings Ratio

SBSI is valuated reasonably with a Price/Earnings ratio of 9.45.
Compared to the rest of the industry, the Price/Earnings ratio of SBSI indicates a somewhat cheap valuation: SBSI is cheaper than 75.38% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 28.29. SBSI is valued rather cheaply when compared to this.
With a Price/Forward Earnings ratio of 9.54, the valuation of SBSI can be described as very reasonable.
SBSI's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.32, SBSI is valued rather cheaply.
Industry RankSector Rank
PE 9.45
Fwd PE 9.54
SBSI Price Earnings VS Forward Price EarningsSBSI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, SBSI is valued a bit cheaper than 63.07% of the companies in the same industry.
Industry RankSector Rank
P/FCF 9.22
EV/EBITDA N/A
SBSI Per share dataSBSI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)1.64
EPS Next 2Y1.73%
EPS Next 3YN/A

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8

5. Dividend

5.1 Amount

SBSI has a Yearly Dividend Yield of 5.22%, which is a nice return.
Compared to an average industry Dividend Yield of 3.66, SBSI pays a better dividend. On top of this SBSI pays more dividend than 84.92% of the companies listed in the same industry.
SBSI's Dividend Yield is rather good when compared to the S&P500 average which is at 2.51.
Industry RankSector Rank
Dividend Yield 5.22%

5.2 History

The dividend of SBSI has a limited annual growth rate of 2.71%.
SBSI has been paying a dividend for at least 10 years, so it has a reliable track record.
SBSI has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)2.71%
Div Incr Years11
Div Non Decr Years11
SBSI Yearly Dividends per shareSBSI Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1

5.3 Sustainability

SBSI pays out 49.30% of its income as dividend. This is a bit on the high side, but may be sustainable.
The dividend of SBSI is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP49.3%
EPS Next 2Y1.73%
EPS Next 3YN/A
SBSI Yearly Income VS Free CF VS DividendSBSI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M
SBSI Dividend Payout.SBSI Dividend Payout, showing the Payout Ratio.SBSI Dividend Payout.PayoutRetained Earnings

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SOUTHSIDE BANCSHARES INC

NYSE:SBSI (4/21/2025, 1:03:39 PM)

27.49

-0.1 (-0.36%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)01-29 2025-01-29/bmo
Earnings (Next)04-29 2025-04-29/bmo
Inst Owners58.54%
Inst Owner Change0.22%
Ins Owners1.8%
Ins Owner Change-0.38%
Market Cap835.97M
Analysts48.89
Price Target37.23 (35.43%)
Short Float %2.93%
Short Ratio8.01
Dividend
Industry RankSector Rank
Dividend Yield 5.22%
Yearly Dividend1.44
Dividend Growth(5Y)2.71%
DP49.3%
Div Incr Years11
Div Non Decr Years11
Ex-Date02-20 2025-02-20 (0.36)
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-5.87%
Min EPS beat(2)-9.09%
Max EPS beat(2)-2.65%
EPS beat(4)2
Avg EPS beat(4)3.97%
Min EPS beat(4)-9.09%
Max EPS beat(4)24.73%
EPS beat(8)4
Avg EPS beat(8)0.02%
EPS beat(12)7
Avg EPS beat(12)0.52%
EPS beat(16)10
Avg EPS beat(16)6.36%
Revenue beat(2)0
Avg Revenue beat(2)-6.91%
Min Revenue beat(2)-8.79%
Max Revenue beat(2)-5.02%
Revenue beat(4)0
Avg Revenue beat(4)-6%
Min Revenue beat(4)-8.79%
Max Revenue beat(4)-1.48%
Revenue beat(8)0
Avg Revenue beat(8)-7.16%
Revenue beat(12)0
Avg Revenue beat(12)-7.1%
Revenue beat(16)0
Avg Revenue beat(16)-6.29%
PT rev (1m)0%
PT rev (3m)-3.95%
EPS NQ rev (1m)0.48%
EPS NQ rev (3m)-1.22%
EPS NY rev (1m)-0.26%
EPS NY rev (3m)-0.41%
Revenue NQ rev (1m)0.03%
Revenue NQ rev (3m)-0.14%
Revenue NY rev (1m)-0.2%
Revenue NY rev (3m)-0.17%
Valuation
Industry RankSector Rank
PE 9.45
Fwd PE 9.54
P/S 3.24
P/FCF 9.22
P/OCF 8.21
P/B 1.03
P/tB 1.37
EV/EBITDA N/A
EPS(TTM)2.91
EY10.59%
EPS(NY)2.88
Fwd EY10.48%
FCF(TTM)2.98
FCFY10.85%
OCF(TTM)3.35
OCFY12.18%
SpS8.48
BVpS26.7
TBVpS20.03
PEG (NY)N/A
PEG (5Y)1.64
Profitability
Industry RankSector Rank
ROA 1.04%
ROE 10.9%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 34.32%
GM N/A
FCFM 35.17%
ROA(3y)1.16%
ROA(5y)1.24%
ROE(3y)12.06%
ROE(5y)11.6%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-10.25%
PM growth 5Y-0.48%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.03
Health
Industry RankSector Rank
Debt/Equity 0.28
Debt/FCF 2.52
Debt/EBITDA N/A
Cap/Depr 106.72%
Cap/Sales 4.33%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 102.48%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score5
WACC14.62%
ROIC/WACCN/A
Cap/Depr(3y)85.26%
Cap/Depr(5y)84.74%
Cap/Sales(3y)3.58%
Cap/Sales(5y)3.82%
Profit Quality(3y)131.17%
Profit Quality(5y)123.99%
High Growth Momentum
Growth
EPS 1Y (TTM)3.56%
EPS 3Y-5.97%
EPS 5Y5.75%
EPS Q2Q%24.56%
EPS Next Y-0.98%
EPS Next 2Y1.73%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)2.79%
Revenue growth 3Y2.58%
Revenue growth 5Y3.97%
Sales Q2Q%15.8%
Revenue Next Year2.53%
Revenue Next 2Y3.94%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y24.3%
FCF growth 3Y-15.01%
FCF growth 5Y6.99%
OCF growth 1Y27.53%
OCF growth 3Y-13.27%
OCF growth 5Y4.79%