SBSI (Southside Bancshares) Tax Rate % : 17.62% (As of Dec. 2024)

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What is Southside Bancshares Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Southside Bancshares's Tax Expense for the three months ended in Dec. 2024 was $4.7 Mil. Southside Bancshares's Pre-Tax Income for the three months ended in Dec. 2024 was $26.4 Mil. Therefore, Southside Bancshares's Tax Rate % for the quarter that ended in Dec. 2024 was 17.62%.

Southside Bancshares Tax Rate % Historical Data

The historical data trend for Southside Bancshares's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Southside Bancshares Tax Rate % Chart

Southside Bancshares Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Tax Rate %

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12.13

13.32

12.21

14.28

17.59

Southside Bancshares Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Tax Rate %	Get a 7-Day Free Trial															11.30	17.69	17.44	17.62	17.62

Southside Bancshares Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Southside Bancshares's Tax Rate % for the fiscal year that ended in Dec. 2024 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2024 )	/	Pre-Tax Income (A: Dec. 2024 )
	=	18.883	/	107.377
	=	17.59 %

Southside Bancshares's Tax Rate % for the quarter that ended in Dec. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2024 )	/	Pre-Tax Income (Q: Dec. 2024 )
	=	4.659	/	26.445
	=	17.62 %

Southside Bancshares Tax Rate % Related Terms

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Southside Bancshares Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Southside Bancshares Inc (NYSE:SBSI) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

SU7:Germany

Address

1201 South Beckham Avenue, Tyler, TX, USA, 75701

Website

https://www.southside.com

Southside Bancshares Inc is a financial institution offering financial services to individuals, businesses, municipal entities, and non-profit organizations. It provides various services such as personal banking, business banking, mortgage, equity lending, wealth management and trust, and brokerage. The bank generates its revenue in the form of interest income, gains on sales of assets, and fee income.

Executives

Brian K Mccabe	officer: Secretary & EVP	PO BOX 1079, TYLER TX 75710
Suni M Davis	officer: CHIEF RISK OFFICER	PO BOX 1079, TYLER TX 75710
Lee R Gibson	director, officer: Executive Vice President	SOUTHSIDE BANCSHARES INC, 1201 SOUTH BECKHAM, TYLER TX 75701
Arnold T L Jr	officer: SEVP & CCO	1320 S. UNIVERSITY DRIVE, SUITE 900, FORT WORTH TX 76107
Jared C. Green	officer: SVP	1201 S. BECKHAM, TYLER TX 75701
Julie Shamburger	officer: Vice President & Controller	SOUTHSIDE BANCSHARES INC, 1201 SOUTH BECKHAM, TYLER TX 75701
Herbert C Buie	director
Sammons John F Jr	director	1320 S. UNIVERSITY DRIVE, SUITE 900, FORT WORTH TX 76107
Tony K Morgan	director	PO BOX 1079, TYLER X1 75710
Cindy Blackstone	officer: Chief Retail Officer	1201 S. BECKHAM AVE, TYLER TX 75701
Susan Elaine Anderson	director	PO BOX 1079, TYLER TX 75710
Keith Donahoe	officer: RP CTX	1201 S. BECKHAM, TYLER TX 75701
Donald W Thedford	director	PO BOX 1079, TYLER TX 75710
Alton L. Frailey	director	1201 S. BECKHAM AVE, TYLER TX 75701
William Sheehy	director	SOUTHSIDE BANCSHARES INC, 1201 SOUTH BECKHAM, TYLER TX 75701