Financial Highlights for Banks and Thrifts
SOUTHSIDE BANCSHARES, INC. (NASDAQ - SBSI)
Trend Analysis--Quarterly (
click here for Annual Analysis
)
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Balance Sheet ($000)
2009 Q3
2008 Q3
Y-Y
Ch (%)
2009 Q2
Q-Q
Ch (%)
†
Loans Held for Investment, before Reserves
1,015,724
987,375
2.87
1,016,967
(0.49)
Loans Held for Sale, before Reserves
4,317
2,014
114.35
6,069
(115.47)
Loan Loss Reserve
18,445
12,928
42.67
18,804
(7.64)
Net Loans Receivable
1,001,596
976,461
2.57
1,004,232
(1.05)
Intangible Assets
23,220
23,619
(1.69)
23,314
(1.61)
Total Assets
2,941,563
2,524,098
16.54
2,743,277
28.91
Deposits
1,787,248
1,479,192
20.83
1,696,535
21.39
Debt, Senior and Subordinated
924,531
875,124
5.65
775,014
77.17
Common Equity
202,665
142,427
42.29
182,294
44.70
Total Shareholders' Equity
203,369
142,612
42.60
182,850
44.89
Shares Outstanding (actual)
14,935,039
14,669,246
1.81
14,894,253
1.10
Income Statement ($000)
2009 Q3
2008 Q3
Y-Y
Ch (%)
2009 Q2
Q-Q
Ch (%)
†
Net Interest Income
22,663
19,808
14.41
22,455
3.71
Provision for Loan Losses
2,973
3,150
(5.62)
3,417
(51.98)
Noninterest Income
6,800
6,797
0.04
7,019
(12.48)
Noninterest Expense
17,751
15,712
12.98
16,988
17.97
Net Income Before Taxes
14,452
8,565
68.73
13,143
39.84
Provision for Taxes
3,620
2,240
61.61
3,255
44.85
Net Income
10,832
6,325
71.26
9,888
38.19
Per Share Items ($)
2009 Q3
2008 Q3
Y-Y
Ch (%)
2009 Q2
Q-Q
Ch (%)
†
Book Value per Share
13.57
9.70
39.90
12.24
43.46
Tangible Book Value
12.02
8.09
48.49
10.67
50.24
Diluted EPS Before Extra
0.70
0.42
66.67
0.62
51.61
Diluted EPS After Extra
0.70
0.42
66.67
0.62
51.61
Dividends Declared
0.1400
0.1524
(8.14)
0.1400
0.00
Performance Ratios (%)
2009 Q3
2008 Q3
Y-Y
Ch (bp)
2009 Q2
Q-Q
Ch (bp)
ROAA
1.47
1.03
44
1.36
11
ROAE
21.81
17.47
434
20.72
109
Net Interest Margin
3.73
3.68
5
3.73
0
Loans / Deposits
56.83
66.75
(992)
59.94
(311)
Efficiency Ratio
53.77
56.08
(231)
58.39
(462)
Balance Sheet Ratios (%)
2009 Q3
2008 Q3
Y-Y
Ch (bp)
2009 Q2
Q-Q
Ch (bp)
Tangible Equity/ Tangible Assets
6.17
4.76
141
5.87
31
Equity/ Assets
6.91
5.65
126
6.67
25
Asset Quality Ratios (%)
2009 Q3
2008 Q3
Y-Y
Ch (bp)
2009 Q2
Q-Q
Ch (bp)
Nonperforming Assets/ Assets
0.79
0.34
45
0.73
6
Loan Loss Reserves/ Gross Loans
1.81
1.31
50
1.84
(3)
Loan Loss Reserves/ NPAs
83.30
178.54
(9,524)
97.61
(1,431)
Net Charge-offs/ Avg Loans
1.30
0.71
59
0.80
50
Regulatory Capital Ratios (%)
2009 Q3
2008 Q3
Y-Y
Ch (bp)
2009 Q2
Q-Q
Ch (bp)
Tier 1 Capital Ratio
17.76
15.60
216
17.50
26
†
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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© SNL Financial LC
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