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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry
vs
history
Cash-to-Debt 0.18
SBSI's Cash-to-Debt is ranked lower than
88% of the 1656 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.12 vs. SBSI: 0.18 )
Ranked among companies with meaningful Cash-to-Debt only.
SBSI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05  Med: 0.1 Max: N/A
Current: 0.18
Equity-to-Asset 0.09
SBSI's Equity-to-Asset is ranked lower than
61% of the 1629 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.10 vs. SBSI: 0.09 )
Ranked among companies with meaningful Equity-to-Asset only.
SBSI' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.04  Med: 0.06 Max: 0.09
Current: 0.09
0.04
0.09
Interest Coverage 1.88
SBSI's Interest Coverage is ranked higher than
53% of the 1583 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.70 vs. SBSI: 1.88 )
Ranked among companies with meaningful Interest Coverage only.
SBSI' s Interest Coverage Range Over the Past 10 Years
Min: 0.33  Med: 1.31 Max: 2.58
Current: 1.88
0.33
2.58
Beneish M-Score: -2.28
WACC vs ROIC
4.10%
3.30%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 5/10

vs
industry
vs
history
Operating Margin % 34.82
SBSI's Operating Margin % is ranked higher than
58% of the 1663 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 31.61 vs. SBSI: 34.82 )
Ranked among companies with meaningful Operating Margin % only.
SBSI' s Operating Margin % Range Over the Past 10 Years
Min: 14.22  Med: 33.58 Max: 41.87
Current: 34.82
14.22
41.87
Net Margin % 28.92
SBSI's Net Margin % is ranked higher than
67% of the 1664 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 22.71 vs. SBSI: 28.92 )
Ranked among companies with meaningful Net Margin % only.
SBSI' s Net Margin % Range Over the Past 10 Years
Min: 15.87  Med: 27.22 Max: 30.09
Current: 28.92
15.87
30.09
ROE % 10.36
SBSI's ROE % is ranked higher than
64% of the 1664 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 8.51 vs. SBSI: 10.36 )
Ranked among companies with meaningful ROE % only.
SBSI' s ROE % Range Over the Past 10 Years
Min: 6.08  Med: 14.84 Max: 24.5
Current: 10.36
6.08
24.5
ROA % 0.95
SBSI's ROA % is ranked higher than
54% of the 1669 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.91 vs. SBSI: 0.95 )
Ranked among companies with meaningful ROA % only.
SBSI' s ROA % Range Over the Past 10 Years
Min: 0.5  Med: 1.15 Max: 1.55
Current: 0.95
0.5
1.55
3-Year Revenue Growth Rate -1.00
SBSI's 3-Year Revenue Growth Rate is ranked lower than
75% of the 1397 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 4.30 vs. SBSI: -1.00 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
SBSI' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -24.8  Med: 6.3 Max: 97.5
Current: -1
-24.8
97.5
3-Year EBITDA Growth Rate 0.60
SBSI's 3-Year EBITDA Growth Rate is ranked lower than
68% of the 1308 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 6.70 vs. SBSI: 0.60 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
SBSI' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: -26  Med: 3.4 Max: 24.9
Current: 0.6
-26
24.9
3-Year EPS without NRI Growth Rate -3.80
SBSI's 3-Year EPS without NRI Growth Rate is ranked lower than
77% of the 1265 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 7.30 vs. SBSI: -3.80 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
SBSI' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -19  Med: 5.7 Max: 42.9
Current: -3.8
-19
42.9
GuruFocus has detected 6 Warning Signs with Southside Bancshares Inc $SBSI.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» SBSI's 30-Y Financials

Financials (Next Earnings Date: 2017-07-28 Est.)


Revenue & Net Income
Equity & Asset
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

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Business Description

Industry: Banks » Banks - Regional - US    NAICS: 522110    SIC: 6022
Compare:NAS:CHCO, NAS:STBZ, NAS:CFNL, NAS:SBCF, NAS:SASR, NYSE:CPF, NAS:EFSC, NYSE:BANC, NAS:HAFC, NAS:LBAI, NAS:BRKL, NAS:BUSE, NAS:LKFN, NYSE:NBHC, NYSE:FBK, NYSE:CUBI, NAS:WASH, NAS:BNCL, NAS:MSFG, NAS:SYBT » details
Headquarter Location:USA
Southside Bancshares Inc is a financial institution offering financial services to individuals, businesses, municipal entities, and non-profit organizations in the communities it serves.

Southside Bancshares Inc is a bank holding company was incorporated in Texas on August 12, 1982. The Company is a financial institution that offers financial services to individuals, businesses, municipal entities, and non-profit organizations in the communities it serves. Its services include consumer and commercial loans, deposit accounts, trust services, safe deposit services and brokerage services. Its consumer loan services include 1-4 family residential mortgage loans, home equity loans, home improvement loans, automobile loans and other installment loans. Commercial loan services include short-term working capital loans for inventory and accounts receivable, short and medium-term loans for equipment or other business capital expansion, commercial real estate loans and municipal loans. It also offers construction loans for 1-4 family residential and commercial real estate. The Company offers a number of deposit accounts with a range of interest rates and terms, including savings, money market, interest and noninterest bearing checking accounts and certificates of deposit (CDs). Its trust services include investment management, administration and advisory services for individuals and to a lesser extent, partnerships and corporations. The Company's market area is all of Smith, Gregg, Tarrant, Travis, Cherokee, Anderson, Kaufman, Henderson and Wood Counties in Texas, and to a lesser extent, portions of adjoining counties. It serves its markets through 50 banking centers, 19 of which are located in grocery stores and 13 motor bank facilities. The branches are located in and around Tyler, Longview, Lindale, Gresham, Jacksonville, Bullard, Chandler, Hawkins, Seven Points, Palestine, Forney, Gun Barrel City, Athens, Whitehouse, Fort Worth, Arlington and Austin. The Company is subject to government rules and regulations.

Guru Investment Theses on Southside Bancshares Inc

Third Avenue Management Comments on Southside Bancshares - Dec 10, 2015

Southside Bancshares (NASDAQ:SBSI) (Southside) is a retail and commercial bank in Texas. While off the radar of many investors, Southside has been in business more than fifty years and today is one of the ten largest banks based in Texas with nearly $5 billion of assets and a remarkable track record. Within the last year Southside acquired and has been integrating another bank in Texas named OmniAmerican (Omni) which we believe will be transformative for the company.

We believe the acquisition will significantly increase Southside’s growth profile. Since its founding in 1960, Southside has been predominantly focused on East Texas and has grown to command a dominant position within the market. Based in Fort Worth, Omni now gives Southside a platform with which to expand within the fast-growing Dallas-Fort Worth metroplex. Moreover, Southside has been able to dramatically reduce expenses at Omni and sees significant opportunities for adding offerings to the bank outside of lending. Simultaneously, Southside has begun an aggressive organic expansion into the Austin market which has become the fastest-growing city in the country. With Southside’s over-capitalized balance sheet, particularly after the Omni acquisition, it has more than sufficient capital with which to expand in these new markets.

In addition to Southside’s outlook for growth, we would highlight the bank’s extraordinary track record and strong management team. In an industry rife with subpar capital allocation, Southside has proven itself to be a very conservative lender, always maintaining a strong balance sheet and credit culture and very high credit quality. This has resulted in exceptional compounding of the company’s book value at over 11.5% for the past ten years and over 16.5% when adding back dividends paid.

We believe investor neglect and misunderstanding gave us the opportunity to purchase Southside, as the markets indiscriminately sold banks fearing energy loan exposures. Conversely, Southside’s direct energy exposure is de minimis at less than 1.5% of its loan portfolio and indirect energy exposure even less. Intentionally, Southside also has no presence in the Texas geographies most exposed to the energy sector such as Houston and West Texas. We believe that at the undemanding valuation of 13-14x earnings this was a very attractive opportunity for the Fund, allowing us to buy a strong compounder at a reasonable 30% discount to our NAV estimate.

We would also note that Southside’s success over the years and strong prospects aren’t lost on other banks in the market and that Southside could become an acquisition target itself in time.

From Third Avenue Management (Trades, Portfolio)'s Small-Cap Value Fund fourth quarter 2015 portfolio manager commentary.

Check out Martin Whitman latest stock trades

Ratios

vs
industry
vs
history
PE Ratio 18.28
SBSI's PE Ratio is ranked lower than
69% of the 1548 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 14.53 vs. SBSI: 18.28 )
Ranked among companies with meaningful PE Ratio only.
SBSI' s PE Ratio Range Over the Past 10 Years
Min: 5.27  Med: 12.77 Max: 32.04
Current: 18.28
5.27
32.04
PE Ratio without NRI 18.28
SBSI's PE Ratio without NRI is ranked lower than
69% of the 1547 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 14.61 vs. SBSI: 18.28 )
Ranked among companies with meaningful PE Ratio without NRI only.
SBSI' s PE Ratio without NRI Range Over the Past 10 Years
Min: 5.28  Med: 12.72 Max: 32.15
Current: 18.28
5.28
32.15
Price-to-Owner-Earnings 15.70
SBSI's Price-to-Owner-Earnings is ranked lower than
60% of the 904 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 14.22 vs. SBSI: 15.70 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
SBSI' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 5.94  Med: 15.02 Max: 83.06
Current: 15.7
5.94
83.06
PB Ratio 1.83
SBSI's PB Ratio is ranked lower than
83% of the 1630 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.19 vs. SBSI: 1.83 )
Ranked among companies with meaningful PB Ratio only.
SBSI' s PB Ratio Range Over the Past 10 Years
Min: 1.14  Med: 1.72 Max: 2.99
Current: 1.83
1.14
2.99
PS Ratio 5.28
SBSI's PS Ratio is ranked lower than
81% of the 1611 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.42 vs. SBSI: 5.28 )
Ranked among companies with meaningful PS Ratio only.
SBSI' s PS Ratio Range Over the Past 10 Years
Min: 1.55  Med: 3.45 Max: 13.36
Current: 5.28
1.55
13.36
Price-to-Free-Cash-Flow 10.76
SBSI's Price-to-Free-Cash-Flow is ranked higher than
52% of the 877 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 11.52 vs. SBSI: 10.76 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
SBSI' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 4.59  Med: 10.2 Max: 24.16
Current: 10.76
4.59
24.16
Price-to-Operating-Cash-Flow 10.04
SBSI's Price-to-Operating-Cash-Flow is ranked higher than
50% of the 958 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 10.47 vs. SBSI: 10.04 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
SBSI' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 4.39  Med: 9.17 Max: 17.88
Current: 10.04
4.39
17.88
EV-to-EBIT 34.41
SBSI's EV-to-EBIT is ranked lower than
88% of the 1267 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.36 vs. SBSI: 34.41 )
Ranked among companies with meaningful EV-to-EBIT only.
SBSI' s EV-to-EBIT Range Over the Past 10 Years
Min: -35.3  Med: 22.5 Max: 80.8
Current: 34.41
-35.3
80.8
EV-to-EBITDA 29.85
SBSI's EV-to-EBITDA is ranked lower than
88% of the 1272 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 11.09 vs. SBSI: 29.85 )
Ranked among companies with meaningful EV-to-EBITDA only.
SBSI' s EV-to-EBITDA Range Over the Past 10 Years
Min: -39.4  Med: 20.75 Max: 68.2
Current: 29.85
-39.4
68.2
Shiller PE Ratio 19.11
SBSI's Shiller PE Ratio is ranked higher than
52% of the 509 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 20.59 vs. SBSI: 19.11 )
Ranked among companies with meaningful Shiller PE Ratio only.
SBSI' s Shiller PE Ratio Range Over the Past 10 Years
Min: 11.13  Med: 16.03 Max: 22.79
Current: 19.11
11.13
22.79

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 2.97
SBSI's Dividend Yield % is ranked higher than
54% of the 2338 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.52 vs. SBSI: 2.97 )
Ranked among companies with meaningful Dividend Yield % only.
SBSI' s Dividend Yield % Range Over the Past 10 Years
Min: 1.56  Med: 2.87 Max: 4.43
Current: 2.97
1.56
4.43
Dividend Payout Ratio 0.52
SBSI's Dividend Payout Ratio is ranked lower than
77% of the 1337 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.32 vs. SBSI: 0.52 )
Ranked among companies with meaningful Dividend Payout Ratio only.
SBSI' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.18  Med: 0.35 Max: 0.78
Current: 0.52
0.18
0.78
3-Year Dividend Growth Rate 10.70
SBSI's 3-Year Dividend Growth Rate is ranked higher than
63% of the 802 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 6.70 vs. SBSI: 10.70 )
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
SBSI' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 0  Med: 13.6 Max: 31.6
Current: 10.7
0
31.6
Forward Dividend Yield % 3.22
SBSI's Forward Dividend Yield % is ranked higher than
55% of the 2218 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.89 vs. SBSI: 3.22 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 5.10
SBSI's 5-Year Yield-on-Cost % is ranked higher than
68% of the 2673 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.17 vs. SBSI: 5.10 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
SBSI' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 2.68  Med: 4.92 Max: 7.6
Current: 5.1
2.68
7.6
3-Year Average Share Buyback Ratio -8.30
SBSI's 3-Year Average Share Buyback Ratio is ranked lower than
74% of the 1081 Companies
in the Global Banks - Regional - US industry.

( Industry Median: -1.80 vs. SBSI: -8.30 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
SBSI' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -8.7  Med: -1 Max: 4.6
Current: -8.3
-8.7
4.6

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 2.25
SBSI's Price-to-Tangible-Book is ranked lower than
86% of the 1622 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.28 vs. SBSI: 2.25 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
SBSI' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.18  Med: 1.86 Max: 2.96
Current: 2.25
1.18
2.96
Price-to-Intrinsic-Value-Projected-FCF 0.93
SBSI's Price-to-Intrinsic-Value-Projected-FCF is ranked lower than
66% of the 914 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.79 vs. SBSI: 0.93 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
SBSI' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 0.41  Med: 0.77 Max: 1.22
Current: 0.93
0.41
1.22
Price-to-Median-PS-Value 1.54
SBSI's Price-to-Median-PS-Value is ranked lower than
83% of the 1559 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.14 vs. SBSI: 1.54 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
SBSI' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.46  Med: 0.95 Max: 3.85
Current: 1.54
0.46
3.85
Price-to-Graham-Number 1.35
SBSI's Price-to-Graham-Number is ranked lower than
81% of the 1452 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.95 vs. SBSI: 1.35 )
Ranked among companies with meaningful Price-to-Graham-Number only.
SBSI' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.64  Med: 1.02 Max: 1.77
Current: 1.35
0.64
1.77
Earnings Yield (Greenblatt) % 2.89
SBSI's Earnings Yield (Greenblatt) % is ranked lower than
67% of the 1668 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 5.77 vs. SBSI: 2.89 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
SBSI' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: -3.5  Med: 3.7 Max: 6.5
Current: 2.89
-3.5
6.5
Forward Rate of Return (Yacktman) % 6.48
SBSI's Forward Rate of Return (Yacktman) % is ranked lower than
65% of the 952 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 11.26 vs. SBSI: 6.48 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
SBSI' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -3.5  Med: 7.4 Max: 21.9
Current: 6.48
-3.5
21.9

More Statistics

Revenue (TTM) (Mil) $175.72
EPS (TTM) $ 1.83
Beta0.83
Short Percentage of Float8.00%
52-Week Range $27.57 - 38.04
Shares Outstanding (Mil)29.30
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