Southside Bancshares (Southside Bancshares) Debt-to-Equity

: 1.16 (As of Dec. 2023)

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Southside Bancshares's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.0 Mil. Southside Bancshares's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $893.3 Mil. Southside Bancshares's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $773.3 Mil. Southside Bancshares's debt to equity for the quarter that ended in Dec. 2023 was 1.16.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Southside Bancshares's Debt-to-Equity or its related term are showing as below:

SBSI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.6 Med: 1.37 Max: 2.83
Current: 1.16

During the past 13 years, the highest Debt-to-Equity Ratio of Southside Bancshares was 2.83. The lowest was 0.60. And the median was 1.37.

SBSI's Debt-to-Equity is ranked worse than
68.03% of 1395 companies
in the Banks industry
Industry Median: 0.7 vs SBSI: 1.16

Southside Bancshares Debt-to-Equity Historical Data

The historical data trend for Southside Bancshares's Debt-to-Equity 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.

* Premium members only.

Southside Bancshares Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

1.45

1.29

0.60

0.74

1.16

Southside Bancshares Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																0.74	0.94	0.85	1.07	1.16

Competitive Comparison

For the Banks - Regional subindustry, Southside Bancshares's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Southside Bancshares Debt-to-Equity Distribution

For the Banks industry and Financial Services sector, Southside Bancshares's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Southside Bancshares's Debt-to-Equity falls into.

Southside Bancshares Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Southside Bancshares's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	893.319)	/	773.288
	=	1.16

Southside Bancshares's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	893.319)	/	773.288
	=	1.16

Southside Bancshares (NAS:SBSI) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Southside Bancshares Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Southside Bancshares's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Southside Bancshares (Southside Bancshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Southside Bancshares Inc (NAS:SBSI) » Definitions » Debt-to-Equity

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