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Southside Bancshares - Stock

Southside Bancshares Net Income 2024

Southside Bancshares Net Income

83.49 M USD

Southside Bancshares Dividend yield

4.09 %

Ticker

SBSI

ISIN

US84470P1093

WKN

923556

In 2024, Southside Bancshares's profit amounted to 83.49 M USD, a -3.69% increase from the 86.69 M USD profit recorded in the previous year.

The Southside Bancshares Net Income history

YEARNET INCOME (undefined USD)
2026e103.99
2025e84.78
2024e83.49
202386.69
2022105
2021113.4
202082.2
201974.6
201874.1
201754.3
201649.3
201544
201420.8
201341.2
201234.7
201139.1
201039.1
200944.4
200830.7
200716.7
200615
200514.6
200416.1

Southside Bancshares Aktienanalyse

What does Southside Bancshares do?

Southside Bancshares Inc is a US bank holding company based in Tyler, Texas. The company's history dates back to 1960 when the founder, Lee R. Gibson, established the Southside Bank of Tyler. Over the years, the company has grown through organic growth and targeted acquisitions, and now operates 60 branches in the northeast and east of Texas. The business model of Southside Bancshares Inc is based on classic, conservative banking. Lending to individual and business customers is the core of the business, with the bank emphasizing high risk capacity and solid credit quality. In addition, the bank offers a wide range of deposit products, including checking accounts, savings accounts, and certificates, as well as asset management and securities trading services. A key focus of Southside Bancshares Inc is real estate financing, particularly mortgages for single and multifamily homes. In this area, the bank is the largest lender in East Texas and has expanded its business to other regions in Texas in recent years. Another important division is the small and medium-sized business segment, for which the bank offers special loan products and advisory services. The various business divisions of Southside Bancshares Inc are typically separated by geographical orientation. For example, there is the Southside Bank of Tyler, the Southside Bank of Dallas, the Southside Bank of Houston, and the Southside Bank of Austin, each tailored to the needs of its local customers. An exception is Southside Wealth Management, which offers asset management and financial planning services nationwide and operates independently of the geographic location of its clients. To best serve its customers, Southside Bancshares Inc combines personal service with modern technology solutions. All bank branches are equipped with the latest IT systems to enable fast and efficient transactions. However, the bank also emphasizes personal contact with its customers and values close engagement with the local community. Overall, Southside Bancshares Inc is a solid and successful company that focuses on traditional banking while prioritizing high risk capacity and solid credit quality. With a wide range of deposit and loan products, as well as asset management and advisory services, the bank is able to offer its customers a comprehensive range of services. With its dedicated team and strong foundation in the Texas community, the bank is prepared to confidently face future challenges. Southside Bancshares ist eines der beliebtesten Unternehmen auf Eulerpool.com.

Net Income Details

Understanding Southside Bancshares's Profit Margins

The profit margins of Southside Bancshares represent the net income earned after deducting all operational expenses, costs, and taxes from the revenue. This figure is a clear indicator of Southside Bancshares's financial health, operational efficiency, and profitability. Higher profit margins signify better cost management and income generation capabilities.

Year-to-Year Comparison

Evaluating Southside Bancshares's profit on a yearly basis can offer significant insights into its financial growth, stability, and trends. A consistent increase in profit suggests improved operational efficiency, cost management, or increased revenue, while a decrease may indicate rising costs, declining sales, or operational challenges.

Impact on Investments

Southside Bancshares's profit figures are critical for investors who are aiming to understand the company's financial standing and future growth prospects. Increased profits often lead to higher stock valuations, boosting investor confidence and attracting more investments.

Interpreting Profit Fluctuations

When Southside Bancshares’s profit increases, it often indicates enhanced operational efficiency or increased sales. In contrast, a decline in profit can signal operational inefficiencies, increased costs, or competitive pressures, necessitating strategic interventions to boost profitability.

Frequently Asked Questions about Southside Bancshares Stock

How much profit has Southside Bancshares made this year?

Southside Bancshares has made 83.49 M USD this year.

How has the profit developed compared to last year?

The profit has increased by -3.69% compared to last year fallen

What impact do the earnings have on the shareholders?

An increase in earnings is usually seen as a positive indicator for shareholders as it means that the company is generating profits.

How does Southside Bancshares publish its earnings?

Southside Bancshares publishes its earnings in the form of quarterly or annual reports.

Which financial indicators are included in the quarterly or annual reports?

The quarterly or annual reports contain information about sales and profit, cash flow, balance sheet, and other fundamentals.

Why is it important for investors to know the earnings of Southside Bancshares?

The profits of Southside Bancshares are an important indicator of the financial health of the company and can help investors decide whether they want to invest in the company or not.

How can one learn more about the earnings of Southside Bancshares?

You can learn more about the earnings of Southside Bancshares by reviewing the quarterly or annual reports or following the company presentations.

How much dividend does Southside Bancshares pay?

Over the past 12 months, Southside Bancshares paid a dividend of 1.07 USD . This corresponds to a dividend yield of about 4.09 %. For the coming 12 months, Southside Bancshares is expected to pay a dividend of 1.17 USD.

What is the dividend yield of Southside Bancshares?

The current dividend yield of Southside Bancshares is 4.09 %.

When does Southside Bancshares pay dividends?

Southside Bancshares pays a quarterly dividend. This is distributed in the months of September, December, March, June.

How secure is the dividend of Southside Bancshares?

Southside Bancshares paid dividends every year for the past 23 years.

What is the dividend of Southside Bancshares?

For the upcoming 12 months, dividends amounting to 1.17 USD are expected. This corresponds to a dividend yield of 4.46 %.

In which sector is Southside Bancshares located?

Southside Bancshares is assigned to the 'Finance' sector.

Wann musste ich die Aktien von Southside Bancshares kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Southside Bancshares from 6/6/2024 amounting to 0.36 USD, you needed to have the stock in your portfolio before the ex-date on 5/22/2024.

When did Southside Bancshares pay the last dividend?

The last dividend was paid out on 6/6/2024.

What was the dividend of Southside Bancshares in the year 2023?

In the year 2023, Southside Bancshares distributed 1.06 USD as dividends.

In which currency does Southside Bancshares pay out the dividend?

The dividends of Southside Bancshares are distributed in USD.

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Andere Kennzahlen von Southside Bancshares

Our stock analysis for Southside Bancshares Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Southside Bancshares Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.