Southside Bancshares (Southside Bancshares) Credit Losses Provision : $9.3 Mil (As of Dec. 2023)

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What is Southside Bancshares Credit Losses Provision?

Southside Bancshares's credit losses provision for the three months ended in Dec. 2023 was $2.3 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was $9.3 Mil.

Southside Bancshares's quarterly credit losses provision increased from Jun. 2023 ($-0.1 Mil) to Sep. 2023 ($7.0 Mil) but then declined from Sep. 2023 ($7.0 Mil) to Dec. 2023 ($2.3 Mil).

Southside Bancshares's annual credit losses provision increased from Dec. 2021 ($-17.0 Mil) to Dec. 2022 ($3.2 Mil) and increased from Dec. 2022 ($3.2 Mil) to Dec. 2023 ($9.2 Mil).

Southside Bancshares Credit Losses Provision Historical Data

The historical data trend for Southside Bancshares's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Southside Bancshares Credit Losses Provision Chart

Southside Bancshares Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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5.10

20.20

-16.96

3.24

9.15

Southside Bancshares Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															-0.04	-0.07	6.99	2.28	0.06

Southside Bancshares Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $9.3 Mil.

Southside Bancshares (Southside Bancshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Southside Bancshares Inc (NAS:SBSI) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

SU7:Germany

Address

1201 South Beckham Avenue, Tyler, TX, USA, 75701

Website

https://www.southside.com

Southside Bancshares Inc is a financial institution offering financial services to individuals, businesses, municipal entities, and non-profit organizations. It provides various services such as personal banking, business banking, mortgage, equity lending, wealth management and trust, and brokerage. The bank generates its revenue in the form of interest income, gains on sales of assets, and fee income.

Executives

Brian K Mccabe	officer: Secretary & EVP	PO BOX 1079, TYLER TX 75710
Sammons John F Jr	director	1320 S. UNIVERSITY DRIVE, SUITE 900, FORT WORTH TX 76107
Jared C. Green	officer: SVP	1201 S. BECKHAM, TYLER TX 75701
Lee R Gibson	director, officer: Executive Vice President	SOUTHSIDE BANCSHARES INC, 1201 SOUTH BECKHAM, TYLER TX 75701
Herbert C Buie	director
Tony K Morgan	director	PO BOX 1079, TYLER X1 75710
Cindy Blackstone	officer: Chief Retail Officer	1201 S. BECKHAM AVE, TYLER TX 75701
Susan Elaine Anderson	director	PO BOX 1079, TYLER TX 75710
Keith Donahoe	officer: RP CTX	1201 S. BECKHAM, TYLER TX 75701
Donald W Thedford	director	PO BOX 1079, TYLER TX 75710
Alton L. Frailey	director	1201 S. BECKHAM AVE, TYLER TX 75701
William Sheehy	director	SOUTHSIDE BANCSHARES INC, 1201 SOUTH BECKHAM, TYLER TX 75701
Julie Shamburger	officer: Vice President & Controller	SOUTHSIDE BANCSHARES INC, 1201 SOUTH BECKHAM, TYLER TX 75701
Emily S Moore	officer: HR DIRECTOR	PO BOX 1079, TYLER TX 75710
Lawrence Lazelle Anderson	director	PO BOX 1079, TYLER` TX 75710