SBSI
SOUTHSIDE BANCSHARES INC
Next earnings Jul 23, 2026 · consensus $0.87 EPS, $76.0M rev
Last earnings +1.3% on 2026-04-30
$35.08
▼ -0.14%$35.08▲ +27.27%
over 1Y
L $25.53EODHDH $35.13
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today-0.1%
1W+3.8%
1M+6.7%
3M+16.7%
YTD+17.8%
1Y+27.3%
Hold
Conviction
Horizon
Medium (3–12mo)
12-mo target
$•••
Street · 9 analysts
Sell
Texas community bank with rock-solid capital but shrinking earnings power — fairly priced at 15x, not a bargain.
Diluted EPS $2.29 · FY2025
The read
Middling fundamentals and a rich price (~45% above fair value) leave little margin of safety — a wait-and-see.
Southside Bancshares is a well-capitalized Texas commercial bank trading at a defensible but unexciting valuation. FY2025 net income fell 21.8% to $69.2M and diluted EPS dropped to $2.29 (from $2.91 implied prior), continuing a multi-year earnings slide from $113M in 2021. The MD&A reveals the proximate cause: management sold AFS municipal, mortgage and Treasury securities in 2025 for a $32.3M net loss — a deliberate repositioning, not credit deterioration. Stripping that out, net interest income actually rose 2.3% to $221.1M as NIM expanded to 2.81% from 2.74%, with interest expense falling $16.2M (-8.2%) as deposit rates rolled down faster than asset yields. That is a genuinely improving core engine masked by one-time portfolio losses.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Net income | $113M | $105M | $86.7M | $88.5M | $69.2M |
| Diluted EPS | $3.47 | $3.26 | $2.82 | $2.91 | $2.29 |
| Net margin | — | — | — | — | — |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value—
EV / EBITDA—
EV / Sales—
EV / FCF—
P / FCF14.2
PEG (trailing)—
Earnings yield6.6%
FCF yield7.0%
Quality & risk
ROIC (est.)—
Free cash flow$73.5M
Total debt$1.17B
Net cash-$784M
Piotroski F-Score4/6
Capital returns
Buyback yield2.2%
Dividend yield (est.)4.2%
Shareholder yield6.4%
Shares Δ YoY-2.2%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRecent disclosure tone has skewed negative — read the flagged items.
- 8-K Charter / bylaws change2026-05-20
Annual meeting vote results and bylaw amendments adopted; routine governance updates
- 8-K Earnings results2026-04-30
Q1 2026 10-Q filed; NIM expansion trend from FY25 (2.81%) carries into the quarter
- 10-Q Quarterly report2026-04-30
Q1 2026 10-Q filed; NIM expansion trend from FY25 (2.81%) carries into the quarter
- DEF 14A Proxy statement2026-03-25
2026 proxy: director slate, exec comp and auditor ratification for annual meeting
- 10-K Annual report2026-02-27
FY25: NI -21.8% on $32.3M AFS loss; NIM up to 2.81%; buybacks 15x to $23.2M
- 8-K Officer / director change2026-02-20
Officer/director change disclosed under Item 5.02
- 8-K Earnings results2026-01-29
Q4/FY2025 earnings: NI fell 21.8% to $69.2M on $32.3M AFS securities loss
- 8-K Other event2026-01-06
Other-event disclosure, likely flagging AFS securities repositioning loss
- 10-Q Quarterly report2025-10-28
Q3 2025 10-Q: continued deposit-cost relief lifting net interest margin
Recent filings
all on EDGAR ↗11-KPeriod ending 2025-12-312026-06-25open ↗4Period ending 2026-06-202026-06-22open ↗4Period ending 2026-06-202026-06-22open ↗4Period ending 2026-06-202026-06-22open ↗4Period ending 2026-06-092026-06-09open ↗4Period ending 2026-06-012026-06-03open ↗4Period ending 2026-06-012026-06-03open ↗4Period ending 2026-06-012026-06-03open ↗4Period ending 2026-06-012026-06-03open ↗4Period ending 2026-06-012026-06-03open ↗4Period ending 2026-06-012026-06-03open ↗4Period ending 2026-06-012026-06-03open ↗
Frequently asked
- Is SOUTHSIDE BANCSHARES INC (SBSI) a buy?
- SBSI currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. Texas community bank with rock-solid capital but shrinking earnings power — fairly priced at 15x, not a bargain.
- What is SBSI's fair value?
- A Modified-Graham model based on SBSI's SEC fundamentals estimates a fair value of about $19.47. It is an estimate from reported earnings, not a price target.
- Is SBSI overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, SBSI currently appears overvalued relative to its SEC-grounded earnings power.
- What is SOUTHSIDE BANCSHARES INC's quality score?
- SBSI scores 60.52941176470588/100 (grade C+) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0000705432, latest 10-Q filed 2026-04-30) · EODHD · analysis by claude-code · as of 6/25/2026, 2:16:54 PM.
Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.