SOUTHSIDE BANCSHARES INC
For the period ended Sep 30, 2024. Filed Oct 28, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 28, 2024
SBSI$35.08+2.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONSOLIDATED BALANCE SHEETS
(in thousands, except share amounts)
| September 30,2024 | December 31,2023 | |
|---|---|---|
| ASSETS | ||
| Cash and due from banks | $130,147 | $122,021 |
| Interest earning deposits | 333,825 | 391,719 |
| Federal funds sold | 22,325 | 46,770 |
| Total cash and cash equivalents | 486,297 | 560,510 |
| Securities: | ||
| Securities AFS, at estimated fair value (amortized cost of $1,433,097 and $1,332,467, respectively) | 1,408,437 | 1,296,294 |
| Securities HTM (estimated fair value of $1,169,523 and $1,166,162, respectively) | 1,288,403 | 1,307,053 |
| FHLB stock, at cost | 40,291 | 11,936 |
| Equity investments | 9,722 | 9,691 |
| Loans held for sale | 768 | 10,894 |
| Loans: | ||
| Loans | 4,578,048 | 4,524,510 |
| Less: Allowance for loan losses | (44,276) | (42,674) |
| Net loans | 4,533,772 | 4,481,836 |
| Premises and equipment, net | 138,811 | 138,950 |
| Operating lease ROU assets | 14,007 | 14,837 |
| Goodwill | 201,116 | 201,116 |
| Other intangible assets, net | 2,003 | 2,925 |
| Interest receivable | 37,888 | 50,489 |
| Deferred tax asset, net | 32,643 | 30,426 |
| BOLI | 137,489 | 136,330 |
| Other assets | 30,616 | 31,627 |
| Total assets | $8,362,263 | $8,284,914 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Deposits: | ||
| Noninterest bearing | $1,377,022 | $1,390,407 |
| Interest bearing | 5,058,680 | 5,159,274 |
| Total deposits | 6,435,702 | 6,549,681 |
| Other borrowings | 105,810 | 509,820 |
| FHLB borrowings | 760,046 | 212,648 |
| Subordinated notes, net of unamortized debt issuance costs | 92,006 | 93,877 |
| Trust preferred subordinated debentures, net of unamortized debt issuance costs | 60,273 | 60,270 |
| Unsettled trades to purchase securities | 19,904 | — |
| Operating lease liabilities | 15,919 | 16,704 |
| Other liabilities | 67,349 | 68,626 |
| Total liabilities | 7,557,009 | 7,511,626 |
| Off-balance-sheet arrangements, commitments and contingencies (Note 12) | ||
| Shareholders’ equity: | ||
| Common stock: ($1.25 par value, 80,000,000 shares authorized, 38,070,150 shares issued at September 30, 2024 and 38,039,706 shares issued at December 31, 2023) | 47,588 | 47,550 |
| Paid-in capital | 792,249 | 788,840 |
| Retained earnings | 316,050 | 282,355 |
| Treasury stock: (shares at cost, 7,762,336 at September 30, 2024 and 7,790,276 at December 31, 2023) | (232,134) | (231,995) |
| AOCI | (118,499) | (113,462) |
| Total shareholders’ equity | 805,254 | 773,288 |
| Total liabilities and shareholders’ equity | $8,362,263 | $8,284,914 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.