Financial Highlights
SOUTHSIDE BANCSHARES, INC. (NASDAQ - SBSI)
Trend Analysis--Quarterly (
click here for Annual Analysis
)
For the definition of a financial field, click on the field name.
Balance Sheet ($000)
2013 Q1
2012 Q1
Y-Y
Ch (%)
2012 Q4
Q-Q
Ch (%)
†
Loans Held for Investment, before Reserves
1,281,647
1,140,893
12.34
1,262,977
5.91
Loans Held for Sale, before Reserves
3,138
1,902
64.98
3,601
(51.43)
Loan Loss Reserve
18,542
20,074
(7.63)
20,585
(39.70)
Net Loans Receivable
1,266,243
1,122,721
12.78
1,245,993
6.50
Intangible Assets
22,317
22,501
(0.82)
22,358
(0.73)
Total Assets
3,312,097
3,217,444
2.94
3,237,403
9.23
Deposits
2,337,237
2,310,452
1.16
2,351,897
(2.49)
Debt, Senior and Subordinated
614,350
515,938
19.07
581,596
22.53
Common Equity
255,712
259,879
(1.60)
257,763
(3.18)
Total Shareholders' Equity
255,712
259,879
(1.60)
257,763
(3.18)
Shares Outstanding (actual)
17,842,463
18,202,366
(1.98)
17,920,191
(1.73)
Income Statement ($000)
2013 Q1
2012 Q1
Y-Y
Ch (%)
2012 Q4
Q-Q
Ch (%)
†
Net Interest Income
20,930
23,996
(12.78)
20,576
6.88
Provision for Loan Losses
492
3,052
(83.88)
2,245
(312.34)
Noninterest Income
5,937
5,448
8.98
6,259
(20.58)
Noninterest Expense
20,319
18,522
9.70
19,413
18.67
Net Income Before Taxes
10,379
13,229
(21.54)
9,572
33.72
Provision for Taxes
1,854
3,090
(40.00)
1,352
148.52
Net Income
8,525
10,139
(15.92)
8,220
14.84
Per Share Items ($)
2013 Q1
2012 Q1
Y-Y
Ch (%)
2012 Q4
Q-Q
Ch (%)
†
Book Value per Share
14.33
14.28
0.38
14.38
(1.45)
Tangible Book Value
13.08
13.04
0.31
13.14
(1.69)
Diluted EPS Before Extra
0.48
0.56
(14.29)
0.45
28.94
Diluted EPS After Extra
0.48
0.56
(14.29)
0.45
28.94
Dividends Declared
0.1905
0.1633
16.67
0.5048
(249.06)
Performance Ratios (%)
2013 Q1
2012 Q1
Y-Y
Ch (bp)
2012 Q4
Q-Q
Ch (bp)
ROAA
1.08
1.26
(18)
1.00
8
ROAE
13.38
15.34
(196)
11.80
158
Net Interest Margin
3.20
3.52
(32)
3.09
11
Loans / Deposits
54.84
49.38
546
53.70
114
Efficiency Ratio
68.21
57.18
1,103
64.75
346
Balance Sheet Ratios (%)
2013 Q1
2012 Q1
Y-Y
Ch (bp)
2012 Q4
Q-Q
Ch (bp)
Tangible Equity/ Tangible Assets
7.09
7.43
(34)
7.32
(23)
Equity/ Assets
7.72
8.08
(36)
7.96
(24)
Asset Quality Ratios (%)
2013 Q1
2012 Q1
Y-Y
Ch (bp)
2012 Q4
Q-Q
Ch (bp)
Nonperforming Assets/ Assets
0.38
0.43
(5)
0.45
(7)
Loan Loss Reserves/ Gross Loans
1.44
1.76
(31)
1.63
(18)
Loan Loss Reserves/ NPAs
147.40
144.33
307
140.01
739
Net Charge-offs/ Avg Loans
0.80
0.55
25
0.81
(1)
Regulatory Capital Ratios (%)
2013 Q1
2012 Q1
Y-Y
Ch (bp)
2012 Q4
Q-Q
Ch (bp)
Tier 1 Capital Ratio
20.39
20.46
(7)
21.16
(77)
†
Q-Q Ch(%)= most recent quarter minus prior quarter annualized e.g. [(Q4-Q3)/Q3]*4
*
Percentages presented for individual quarters are annualized by taking the quarter amount and multiplying by four.
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