SOUTHSIDE BANCSHARES, INC. SBSI Income Statement

Southside bancshares, inc. (SBSI)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Loans
170,564	170,288	168,495	165,161	161,480	158,691	150,929	140,420	129,209	117,633	111,492	107,910	106,053	106,564	104,565	102,612	100,266	96,417	88,352	81,733	76,151	70,598	72,066	73,523	73,608	72,910	71,999	71,221	70,357	69,462	68,249	66,631	66,235	66,736	68,475	69,172	69,479	69,973	0	0	0
Taxable investment securities
651	167	184	194	218	417	551	573	789	939	1,187	1,380	1,220	1,057	988	1,212	1,564	1,587	1,310	1,045	729	615	603	532	558	799	1,118	1,001	852	519	88	77	77	64	68	77	83	91	0	0	0
Tax-exempt investment securities
18,944	16,856	17,707	19,871	22,697	24,960	25,213	24,552	24,356	24,529	25,076	24,873	23,853	22,654	21,367	21,451	21,958	22,468	22,794	23,568	23,945	24,038	26,465	27,067	26,953	25,483	21,499	18,411	15,465	13,644	12,480	11,710	11,958	12,520	12,187	11,484	11,292	10,889	0	0	0
Interest Income, Securities, Mortgage Backed
49,546	50,486	48,683	46,200	43,164	41,584	41,121	41,602	42,210	41,361	40,724	39,556	38,104	37,450	37,371	36,290	34,590	33,661	31,344	29,096	28,987	28,207	27,709	26,708	23,831	20,085	18,073	19,699	23,891	32,118	41,298	47,895	52,333	51,467	50,092	50,178	47,150	50,130	0	0	0
Federal Home Loan Bank stock and equity investments
1,724	1,654	1,610	1,565	1,536	1,595	1,582	1,534	1,422	1,306	1,136	993	879	798	663	542	422	298	260	231	204	181	191	191	187	182	185	206	226	240	241	234	232	233	241	250	257	259	0	0	0
Other interest earning assets
1,083	1,336	1,597	1,882	1,903	1,918	1,851	1,887	1,794	1,706	1,435	997	680	390	243	169	137	101	121	137	130	139	146	130	143	143	111	100	74	37	22	20	14	18	28	30	31	32	0	0	0
Total interest income
242,512	240,787	238,276	234,873	230,998	229,165	221,247	210,568	199,780	187,474	181,050	175,709	170,789	168,913	165,197	162,276	158,937	154,532	144,181	135,810	130,146	123,778	127,180	128,151	125,280	119,602	112,985	110,638	110,865	116,020	122,378	126,567	130,849	131,038	131,091	131,191	128,292	131,374	0	0	0
Interest expense:
Deposits
43,243	44,565	44,399	42,530	39,654	35,864	31,426	27,349	23,906	20,736	18,719	16,903	15,280	14,255	13,030	11,911	10,889	10,162	9,484	8,875	8,366	7,953	8,073	8,208	8,225	8,179	8,308	8,752	9,516	10,841	12,296	13,720	15,006	15,647	16,323	17,318	18,000	18,969	0	0	0
Federal Home Loan Bank borrowings
17,236	17,719	16,069	14,530	13,638	12,813	13,682	14,730	15,274	15,106	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Subordinated notes
5,672	5,661	5,666	5,664	5,661	5,659	5,657	5,647	5,638	5,633	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Trust preferred subordinated debentures
2,646	2,775	2,831	2,830	2,770	2,610	2,443	2,279	2,115	2,013	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other borrowings
334	262	272	243	219	155	79	53	24	16	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short-term obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,324	2,556	1,804	-	921	793	695	624	473	363	696	1,875	3,218	4,653	5,998	6,340	6,377	6,469	6,440	6,577	7,007	7,450	7,612	7,563	0	0	0
Long-term obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,220	8,833	8,741	-	8,443	8,372	8,364	8,379	8,504	8,529	8,293	7,914	7,911	8,318	8,762	9,714	10,591	11,256	12,259	13,407	14,587	15,976	17,430	18,775	0	0	0
Total interest expense
69,131	70,982	69,237	65,797	61,942	57,101	53,287	50,058	46,957	43,504	40,745	36,434	32,560	29,348	25,574	23,300	21,434	19,854	18,848	18,040	17,425	16,956	17,050	17,100	17,214	17,968	19,437	21,723	24,276	26,895	29,264	31,445	33,705	35,631	37,917	40,744	43,042	45,307	0	0	0
Net interest income
173,381	169,805	169,039	169,076	169,056	172,064	167,960	160,510	152,823	143,970	140,305	139,275	138,229	139,565	139,623	138,976	137,503	134,678	125,333	117,770	112,721	106,822	110,130	111,051	108,066	101,634	93,548	88,915	86,589	89,125	93,114	95,122	97,144	95,407	93,174	90,447	85,250	86,067	0	0	0
Provision for (reversal of) credit losses
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for (reversal of) credit losses
-	5,100	4,972	4,947	3,747	8,400	7,306	7,291	7,337	4,700	5,469	6,140	8,562	9,780	9,666	10,311	6,811	8,343	9,679	12,271	14,653	14,938	14,377	13,149	12,520	8,879	8,398	8,023	8,176	10,736	10,535	8,724	8,410	7,496	9,861	11,608	12,008	13,737	0	0	0
Net interest income after provision for credit losses
142,115	164,704	164,000	164,067	165,272	163,627	160,698	153,263	145,511	139,295	134,836	133,135	129,667	129,785	129,957	128,665	130,692	126,335	115,654	105,499	98,068	91,884	95,753	97,902	95,546	92,755	85,150	80,892	78,413	78,389	82,579	86,398	88,734	87,911	83,313	78,839	73,242	72,330	0	0	0
Noninterest income:
Deposit services
26,331	26,038	25,716	25,280	24,889	25,082	24,697	23,856	22,850	21,785	21,028	20,887	20,731	20,702	20,509	20,387	20,208	20,112	19,110	17,757	16,631	15,280	15,190	15,335	15,445	15,560	15,602	15,504	15,438	15,433	15,431	15,622	15,812	15,943	16,080	16,262	16,634	16,819	0	0	0
Debt Securities, Available-for-sale, Realized Gain (Loss)
6,000	756	814	31	-717	-1,800	-2,149	-781	-524	625	-1,802	-86	717	2,836	5,716	4,248	3,625	3,660	4,626	4,902	5,295	2,830	928	-365	4,138	8,472	13,599	18,043	16,339	17,966	16,286	15,593	16,216	11,795	11,845	16,244	18,985	25,789	0	0	0
Loss on sale of securities carried at fair value through income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-498	-153	101	198	937	592	338	254	0	0	0	0
Fair value gains securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,693	6,759	3,485	1,029	-598	0	0	0
FHLB advance option impairment charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,031	3,135	10,759	9,395	8,923	7,819	0	0	-	0	-	-
Total other-than-temporary impairment losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	21	21	0	0	0	0	0	39	0	0	0
Portion of loss recognized in other comprehensive income (before taxes)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	160	160	141	0	0	0	0	36	0	0	0
Net impairment losses recognized in earnings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	181	181	141	0	0	0	0	75	0	0	0
Impairment of investment in SFG Finance, LLC
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of loans
586	509	506	678	670	692	859	903	1,235	1,821	2,014	2,485	2,853	2,795	2,912	2,399	2,348	2,082	1,558	1,361	620	323	349	371	531	770	1,066	1,250	1,307	1,119	1,006	1,094	1,078	1,230	1,521	1,636	1,753	1,751	0	0	0
Trust fees
6,033	6,269	6,157	6,202	6,613	6,832	6,415	5,720	4,688	3,818	3,562	3,556	3,526	3,491	3,462	3,430	3,381	3,419	3,353	3,316	3,258	3,145	3,152	3,113	3,084	3,024	2,955	2,901	2,837	2,794	2,693	2,660	2,636	2,610	2,600	2,573	2,489	2,368	0	0	0
Bank owned life insurance
2,332	2,307	2,279	2,209	2,835	2,923	3,001	3,085	2,535	2,537	2,554	2,574	2,586	2,626	2,617	2,622	2,628	2,623	2,376	2,035	1,689	1,334	3,218	3,225	3,182	3,122	1,175	1,108	1,098	1,110	1,032	1,060	1,067	1,087	1,123	1,132	1,156	1,155	0	0	0
Brokerage services
2,143	2,080	2,048	2,025	2,054	1,987	2,120	2,149	2,325	2,422	2,256	2,246	2,099	2,127	2,216	2,205	2,142	2,206	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
4,862	4,409	4,556	4,562	4,396	5,096	4,795	4,192	4,301	4,465	5,475	5,749	4,976	4,834	4,081	3,851	4,371	3,793	2,763	2,852	2,786	3,024	3,039	3,352	3,232	3,140	3,867	3,738	3,908	4,128	4,368	4,120	3,956	3,950	3,882	3,856	3,761	3,589	0	0	0
Total noninterest income
48,328	42,368	42,037	40,948	40,701	40,773	39,738	39,124	37,410	37,473	35,087	37,411	37,488	39,411	41,513	39,142	38,703	37,895	36,229	31,887	29,471	24,489	24,836	26,230	30,811	35,245	38,403	42,488	39,454	40,021	36,683	31,920	36,493	35,322	36,583	45,526	46,061	50,798	0	0	0
Noninterest expense:
Salaries and employee benefits
75,328	73,731	72,148	71,388	70,130	70,643	68,136	64,980	63,331	60,779	59,307	60,038	59,903	61,628	59,928	60,458	62,478	62,945	72,630	69,695	65,918	60,821	51,269	51,638	51,947	52,054	51,967	50,719	49,460	48,084	46,722	46,083	45,563	45,421	45,502	45,113	44,706	43,957	0	0	0
Net occupancy
13,264	13,128	13,369	13,335	13,406	13,814	13,666	13,251	12,788	12,068	11,566	13,154	13,250	13,722	14,160	12,907	13,019	12,883	11,566	10,023	8,704	7,259	7,162	7,311	7,422	7,539	7,599	7,657	7,611	7,498	7,429	7,315	7,242	7,205	7,120	6,974	6,858	6,780	0	0	0
Acquisition expense
-	-	118	555	-	2,413	5,769	5,737	5,184	4,352	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equipment expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,016	2,008	1,955	1,899	0	0	0
Advertising, travel & entertainment
2,949	2,964	2,959	3,014	3,056	2,894	2,709	2,548	2,321	2,219	2,266	2,367	2,541	2,643	2,691	2,745	2,706	2,678	2,564	2,411	2,333	2,219	2,383	2,493	2,544	2,642	2,546	2,553	2,500	2,463	2,533	2,518	2,465	2,414	2,316	2,341	2,335	2,319	0	0	0
ATM expense
938	894	908	927	924	1,090	1,889	2,662	3,308	3,889	3,660	3,504	3,351	3,136	3,324	3,073	3,087	3,054	2,431	2,141	1,693	1,331	1,280	1,263	1,264	1,328	1,240	1,181	1,165	1,063	1,088	1,072	1,051	987	939	927	873	825	0	0	0
Director fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,132	1,064	991	914	944	948	964	950	0	0	0
Supplies
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	808	811	856	902	0	0	0
Professional fees
4,598	4,717	4,764	4,396	4,279	4,035	3,705	3,877	3,975	3,844	3,967	4,119	4,547	4,946	5,339	5,016	4,331	3,735	6,824	7,131	7,642	7,827	4,213	3,811	3,069	2,782	2,776	2,827	2,877	2,928	3,219	3,009	2,854	2,718	2,235	2,082	2,164	2,015	0	0	0
Software and data processing
4,688	4,537	4,335	4,196	4,049	3,996	3,821	3,576	3,325	3,027	2,832	2,836	2,887	2,911	2,577	2,660	3,158	3,440	6,186	5,910	5,159	4,629	2,033	2,018	1,976	2,018	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Postage
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	731	748	793	800	0	0	0
Communications
1,947	1,941	1,933	1,807	1,796	1,847	1,814	1,919	1,917	1,905	2,033	1,981	1,973	1,931	1,731	1,858	1,993	1,978	1,938	1,696	1,413	1,222	1,201	1,292	1,356	1,529	1,616	1,649	1,710	1,665	1,625	1,494	1,394	1,325	1,342	1,406	1,407	1,443	0	0	0
FDIC insurance
462	859	1,314	1,749	1,796	1,871	1,858	1,864	1,825	1,769	1,542	1,744	1,944	2,141	2,545	2,526	2,510	2,510	2,337	2,150	1,955	1,765	1,769	1,765	1,740	1,713	1,694	1,690	1,695	1,744	1,420	1,203	1,524	1,817	2,447	3,039	2,993	2,909	0	0	0
Amortization of intangibles
4,219	4,418	4,616	4,815	5,014	5,213	4,711	3,820	2,902	1,955	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FHLB prepayment fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	0	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-
Other
11,797	12,108	12,085	12,303	12,028	12,283	11,758	11,647	11,268	10,528	11,207	12,848	13,206	14,524	11,866	11,128	11,861	11,962	14,585	13,286	11,615	10,092	9,219	9,185	9,210	9,060	10,063	10,126	10,251	10,143	11,443	10,747	9,791	9,547	6,372	6,334	6,690	6,515	0	0	0
Total noninterest expense
120,190	119,297	118,549	118,485	118,059	120,099	119,836	115,881	112,144	106,335	102,279	105,697	105,973	109,522	112,078	110,288	112,912	112,954	121,600	114,982	106,971	97,704	80,589	80,836	81,576	81,713	81,162	79,974	77,904	76,107	74,498	73,118	72,138	72,348	72,772	72,731	72,594	71,314	0	0	0
Income before income tax expense
70,253	87,775	87,488	86,530	87,914	84,301	80,600	76,506	70,777	70,433	67,644	64,849	61,182	59,674	59,392	57,519	56,483	51,276	30,283	22,404	20,568	18,669	40,000	43,296	44,781	46,287	42,391	43,406	39,963	42,303	44,764	45,200	53,089	50,885	47,124	51,634	46,709	51,814	0	0	0
Current
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Income Tax Expense (Benefit)
10,600	13,221	12,873	11,373	11,173	10,163	13,560	15,250	15,203	16,121	12,090	10,941	10,360	10,325	9,891	9,121	8,349	7,279	1,956	-258	-1,420	-2,164	3,035	3,535	4,409	5,097	5,168	6,469	6,365	7,608	8,726	9,206	11,698	10,394	11,735	7,167	0	-	0	0	-
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	40,491	37,740	40,477	37,122	40,058	0	0	0
Less: Net income attributable to the noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,358	1,012	1,264	1,290	955	0	0	0
Net Income (Loss) Attributable to Parent
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	36,038	35,994	40,898	39,133	36,728	39,213	35,832	39,103	0	0	0
Earnings Per Share, Basic
0.12	0.51	0.59	0.55	0.56	0.50	0.58	0.58	0.46	0.33	0.49	0.49	0.51	0.41	0.48	0.42	0.51	0.38	0.44	0.42	0.37	-0.26	0.31	0.53	0.41	0.55	0.47	0.59	0.48	0.37	0.47	0.42	0.56	0.44	0.50	0.73	0.49	0.32	0.67	0.56	0.70
Earnings Per Share, Diluted
0.12	0.51	0.58	0.55	0.56	0.50	0.58	0.57	0.46	0.32	0.49	0.49	0.51	0.40	0.48	0.42	0.51	0.38	0.44	0.42	0.37	-0.26	0.31	0.53	0.41	0.55	0.47	0.59	0.48	0.37	0.47	0.42	0.56	0.44	0.50	0.73	0.49	0.32	0.67	0.56	0.70
Common Stock, Dividends, Per Share, Cash Paid
0.31	0.34	0.31	0.31	0.30	0.32	0.30	0.30	0.28	0.30	0.28	0.28	0.25	0.30	0.24	0.24	0.23	0.31	0.23	0.23	0.23	0.32	0.22	0.21	0.21	0.31	0.20	0.20	0.20	0.53	0.20	0.20	0.18	0.38	0.18	0.17	0.17	0.34	0.17	0.17	0.17