Southside Bancshares, Inc. (SBSI) - Net Assets
Based on the latest financial reports, Southside Bancshares, Inc. (SBSI) has net assets worth $834.85 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($8.38 Billion) and total liabilities ($7.55 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check asset resilience ratio of Southside Bancshares, Inc. to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $834.85 Million |
| % of Total Assets | 9.96% |
| Annual Growth Rate | 11.64% |
| 5-Year Change | -7.24% |
| 10-Year Change | 82.84% |
| Growth Volatility | 122.27 |
Southside Bancshares, Inc. - Net Assets Trend (1995–2024)
This chart illustrates how Southside Bancshares, Inc.'s net assets have evolved over time, based on quarterly financial data. Also explore Southside Bancshares, Inc. asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Southside Bancshares, Inc. (1995–2024)
The table below shows the annual net assets of Southside Bancshares, Inc. from 1995 to 2024. For live valuation and market cap data, see SBSI market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $811.94 Million | +5.00% |
| 2023-12-31 | $773.29 Million | +3.66% |
| 2022-12-31 | $746.00 Million | -18.22% |
| 2021-12-31 | $912.17 Million | +4.21% |
| 2020-12-31 | $875.30 Million | -84.38% |
| 2019-12-31 | $5.60 Billion | +666.09% |
| 2018-12-31 | $731.29 Million | -3.03% |
| 2017-12-31 | $754.14 Million | +45.51% |
| 2016-12-31 | $518.27 Million | +16.71% |
| 2015-12-31 | $444.06 Million | +4.43% |
| 2014-12-31 | $425.24 Million | +63.86% |
| 2013-12-31 | $259.52 Million | +0.68% |
| 2012-12-31 | $257.76 Million | -0.45% |
| 2011-12-31 | $258.93 Million | +20.19% |
| 2010-12-31 | $215.44 Million | +6.52% |
| 2009-12-31 | $202.25 Million | +25.55% |
| 2008-12-31 | $161.09 Million | +21.28% |
| 2007-12-31 | $132.83 Million | +20.09% |
| 2006-12-31 | $110.60 Million | +1.20% |
| 2005-12-31 | $109.29 Million | +4.39% |
| 2004-12-31 | $104.70 Million | +4.29% |
| 2003-12-31 | $100.39 Million | +22.17% |
| 2002-12-31 | $82.17 Million | +19.80% |
| 2001-12-31 | $68.58 Million | +32.67% |
| 2000-12-31 | $51.70 Million | +37.12% |
| 1999-12-31 | $37.70 Million | -18.75% |
| 1998-12-31 | $46.40 Million | +15.91% |
| 1997-12-31 | $40.03 Million | +9.36% |
| 1996-12-31 | $36.60 Million | +9.75% |
| 1995-12-31 | $33.35 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Southside Bancshares, Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 3482.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $326.79 Million | 40.25% |
| Common Stock | $47.60 Million | 5.86% |
| Other Comprehensive Income | $-124.90 Million | -15.38% |
| Other Components | $562.45 Million | 69.27% |
| Total Equity | $811.94 Million | 100.00% |
Southside Bancshares, Inc. Competitors by Market Cap
The table below lists competitors of Southside Bancshares, Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shandong Jincheng Pharmaceutical and Chemical Co Ltd
SHE:300233
|
$871.80 Million |
|
Group Up Industrial Co Ltd
TWO:6664
|
$871.88 Million |
|
MannKind Corp
NASDAQ:MNKD
|
$872.08 Million |
|
Hyundai Bioscience Co. Ltd
KQ:048410
|
$872.13 Million |
|
Aoyuan Beauty Valley Technology Co Ltd
SHE:000615
|
$871.02 Million |
|
Service Stream Ltd
AU:SSM
|
$870.75 Million |
|
KRN Heat Exchanger and Refrigeration
NSE:KRN
|
$870.73 Million |
|
Frontier Group Holdings Inc
NASDAQ:ULCC
|
$870.68 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Southside Bancshares, Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 773,288,000 to 811,942,000, a change of 38,654,000 (5.0%).
- Net income of 88,494,000 contributed positively to equity growth.
- Dividend payments of 43,630,000 reduced retained earnings.
- Share repurchases of 1,505,000 reduced equity.
- New share issuances of 1,160,000 increased equity.
- Other comprehensive income decreased equity by 11,436,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $88.49 Million | +10.9% |
| Dividends Paid | $43.63 Million | -5.37% |
| Share Repurchases | $1.50 Million | -0.19% |
| Share Issuances | $1.16 Million | +0.14% |
| Other Comprehensive Income | $-11.44 Million | -1.41% |
| Other Changes | $5.57 Million | +0.69% |
| Total Change | $- | 5.00% |
Book Value vs Market Value Analysis
This analysis compares Southside Bancshares, Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.14x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 16.12x to 1.14x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-12-31 | $1.89 | $30.54 | x |
| 1996-12-31 | $1.97 | $30.54 | x |
| 1997-12-31 | $2.10 | $30.54 | x |
| 1998-12-31 | $2.42 | $30.54 | x |
| 1999-12-31 | $2.13 | $30.54 | x |
| 2000-12-31 | $2.91 | $30.54 | x |
| 2001-12-31 | $3.46 | $30.54 | x |
| 2002-12-31 | $4.07 | $30.54 | x |
| 2003-12-31 | $4.91 | $30.54 | x |
| 2004-12-31 | $4.91 | $30.54 | x |
| 2005-12-31 | $5.18 | $30.54 | x |
| 2006-12-31 | $5.20 | $30.54 | x |
| 2007-12-31 | $6.19 | $30.54 | x |
| 2008-12-31 | $7.47 | $30.54 | x |
| 2009-12-31 | $9.32 | $30.54 | x |
| 2010-12-31 | $9.90 | $30.54 | x |
| 2011-12-31 | $12.03 | $30.54 | x |
| 2012-12-31 | $11.93 | $30.54 | x |
| 2013-12-31 | $12.21 | $30.54 | x |
| 2014-12-31 | $19.63 | $30.54 | x |
| 2015-12-31 | $16.22 | $30.54 | x |
| 2016-12-31 | $19.02 | $30.54 | x |
| 2017-12-31 | $25.10 | $30.54 | x |
| 2018-12-31 | $20.83 | $30.54 | x |
| 2019-12-31 | $23.74 | $30.54 | x |
| 2020-12-31 | $26.30 | $30.54 | x |
| 2021-12-31 | $27.90 | $30.54 | x |
| 2022-12-31 | $23.13 | $30.54 | x |
| 2023-12-31 | $25.14 | $30.54 | x |
| 2024-12-31 | $26.74 | $30.54 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Southside Bancshares, Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.90%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.40%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 10.49x
- Recent ROE (10.90%) is below the historical average (13.46%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 13.59% | 26.64% | 0.04x | 13.45x | $1.20 Million |
| 1996 | 11.49% | 22.10% | 0.04x | 13.19x | $544.60K |
| 1997 | 12.51% | 21.88% | 0.04x | 14.27x | $1.00 Million |
| 1998 | 11.64% | 10.38% | 0.06x | 18.89x | $760.00K |
| 1999 | 20.95% | 11.30% | 0.07x | 26.86x | $4.13 Million |
| 2000 | 19.01% | 11.47% | 0.07x | 22.28x | $4.66 Million |
| 2001 | 17.10% | 12.36% | 0.07x | 18.62x | $4.87 Million |
| 2002 | 16.22% | 15.00% | 0.07x | 16.42x | $5.11 Million |
| 2003 | 13.51% | 15.94% | 0.06x | 14.49x | $3.53 Million |
| 2004 | 15.38% | 18.11% | 0.05x | 15.47x | $5.63 Million |
| 2005 | 13.35% | 14.46% | 0.06x | 16.32x | $3.66 Million |
| 2006 | 13.56% | 18.79% | 0.04x | 17.10x | $3.94 Million |
| 2007 | 12.61% | 12.62% | 0.06x | 16.60x | $3.45 Million |
| 2008 | 19.11% | 17.39% | 0.07x | 16.81x | $14.63 Million |
| 2009 | 22.00% | 21.67% | 0.07x | 14.99x | $24.22 Million |
| 2010 | 18.24% | 21.56% | 0.06x | 14.00x | $17.67 Million |
| 2011 | 15.11% | 23.66% | 0.05x | 12.76x | $13.24 Million |
| 2012 | 13.46% | 22.39% | 0.05x | 12.56x | $8.92 Million |
| 2013 | 15.87% | 26.83% | 0.04x | 13.28x | $15.24 Million |
| 2014 | 4.90% | 14.18% | 0.03x | 11.30x | $-21.69 Million |
| 2015 | 9.91% | 23.23% | 0.04x | 11.62x | $-409.20K |
| 2016 | 9.52% | 24.05% | 0.04x | 10.74x | $-2.48 Million |
| 2017 | 7.20% | 24.57% | 0.03x | 8.62x | $-21.10 Million |
| 2018 | 10.14% | 27.58% | 0.04x | 8.37x | $1.01 Million |
| 2019 | 9.27% | 26.41% | 0.04x | 8.39x | $-5.90 Million |
| 2020 | 9.39% | 29.18% | 0.04x | 8.01x | $-5.38 Million |
| 2021 | 12.43% | 42.74% | 0.04x | 7.96x | $22.18 Million |
| 2022 | 14.08% | 35.74% | 0.04x | 10.13x | $30.42 Million |
| 2023 | 11.21% | 21.92% | 0.05x | 10.71x | $9.36 Million |
| 2024 | 10.90% | 19.40% | 0.05x | 10.49x | $7.30 Million |
Industry Comparison
This section compares Southside Bancshares, Inc.'s net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $552,557,300
- Average return on equity (ROE) among peers: 11.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Southside Bancshares, Inc. (SBSI) | $834.85 Million | 13.59% | 9.04x | $871.72 Million |
| Ameris Bancorp (ABCB) | $1.46 Billion | 8.31% | 6.86x | $4.95 Billion |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $5.70 Billion |
| ACNB Corporation (ACNB) | $74.01 Million | 9.97% | 11.77x | $483.21 Million |
| Affinity Bancshares Inc (AFBI) | $129.12 Million | 4.21% | 5.71x | $135.98 Million |
| Alerus Financial Corp (ALRS) | $153.31 Million | 13.22% | 8.01x | $647.19 Million |
| Amalgamated Bank (AMAL) | $535.82 Million | 8.62% | 10.16x | $1.14 Billion |
| Amerant Bancorp Inc. (AMTB) | $901.22 Million | 12.53% | 7.48x | $962.39 Million |
| Arrow Financial Corporation (AROW) | $72.29 Million | 17.85% | 12.85x | $601.02 Million |
| Associated Banc-Corp (ASB) | $2.02 Billion | 12.80% | 9.17x | $5.20 Billion |
| AmeriServ Financial Inc (ASRV) | $65.10 Million | 11.83% | 10.90x | $62.60 Million |
About Southside Bancshares, Inc.
Southside Bancshares, Inc. operates as the bank holding company for Southside Bank that provides various financial services to individuals, businesses, municipal entities, and nonprofit organizations. Its deposit products include savings, money market, and interest and noninterest bearing checking accounts, as well as certificates of deposit. The company offers consumer loan services, including 1… Read more