Southside Bancshares (Southside Bancshares) Scaled Net Operating Assets : -0.02 (As of Dec. 2023)

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What is Southside Bancshares Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Southside Bancshares's operating assets for the quarter that ended in Dec. 2023 was $6,474.9 Mil. Southside Bancshares's operating liabilities for the quarter that ended in Dec. 2023 was $6,618.3 Mil. Southside Bancshares's Total Assets for the quarter that ended in Sep. 2023 was $7,972.5 Mil. Therefore, Southside Bancshares's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was -0.02.

Southside Bancshares Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Southside Bancshares's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(7771.174	-	6618.307)	/	7558.636
=	0.15

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	8284.914	-	513.74
=	7771.174

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	7511.626	-	893.319	-	0
=	6618.307

Southside Bancshares's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Sep. 2023 )
=	(6474.88	-	6618.307)	/	7972.468
=	-0.02

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	8284.914	-	1810.034
=	6474.88

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	7511.626	-	893.319	-	0
=	6618.307

* 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.

Southside Bancshares Scaled Net Operating Assets Related Terms

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Southside Bancshares (Southside Bancshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Southside Bancshares Inc (NAS:SBSI) » Definitions » Scaled Net Operating Assets

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