KBW Texas Field Trip (05/12/2025 19: 00
SBSI
Published on 05/12/2025 at 10:25
Board and Executive Committee member of Tyler Economic Development Council
Board member Texas Bankers Association
Past Chairman, FHLB Dallas and Council of FHLBanks
Over 40 years with Southside
Lee Gibson, Chief Executive Officer
Keith Donahoe, President
Chief Accounting Officer of Southside Bank from 2011-2016
Over 40 years with Southside
Julie Shamburger, Chief Financial Officer
Prior to Southside, served as Head of Commercial Real Estate at another Texas public bank
Over 40 years of experience in the banking and financial services industry
Curtis Burchard, Chief Lending Officer
Board member of William Mann Community Development Corporation
10 years with Southside and over 35 years of experience in the banking and financial services industry
TL Arnold, Chief Credit Officer
Board member of East Texas Lighthouse for the Blind and CHRISTUS Trinity Mother Frances Foundation
Over 40 years with Southside
Brian McCabe, Chief Operations Officer
Financial Managers Society Audit and Risk Council Member
24 years with Southside
Suni Davis, Chief Treasury Officer
Key Management Team
Served as Regional President, Central Texas from 2022-2024
Over 30 years of experience in the banking and financial services industry
3
Company Overview
Financial Highlights ($mm)
Southside Snapshot
As of and for the Years Ended December 31,
As of and for the Three Months Ended March 31,
2023
2024
2025
Balance Sheet
Total Assets
$ 8,285
$ 8,517
$ 8,343
Total Loan (EX HFS)
4,525
4,662
4,567
Total Deposits
6,550
6,654
6,591
Total Equity
773
812
817
Profitability
ROAA
1.11
%
1.06 %
1.03 %
ROATCE(2)
16.03
14.92
14.14
Net Interest Margin(2)(3)
3.09
2.88
2.86
Efficiency Ratio(2)(3)
51.30
53.52
55.04
Capital
TCE/TA(2)
7.04
%
7.33 %
7.54 %
Common Equity Tier 1 Ratio
12.28
13.04
13.44
Tier 1 Risk-Based Ratio
13.32
14.07
14.49
Total Risk-Based Ratio
15.73
16.49
17.01
Leverage Ratio
9.39
9.67
9.73
Asset Quality
NPAs/Loans and Oreo
0.09
%
0.08 %
0.70 %
NCOs/Avg Loans
0.06
0.04
0.03
Reserve/ Total Loans
0.94
0.96
0.98
Reserve/NPLs
1,093.64
1,408.35
140.51
Per Common Share
Tangible Book Value(2)
$ 18.82
$ 20.05
$ 20.19
Diluted Earnings
2.82
2.91
0.71
Founded in 1960 with headquarters in Tyler, TX
Community-focused financial institution
Offers a broad range of consumer, commercial and mortgage banking services, as well as private banking, wealth management and trust services, and brokerage services
Awarded one of the "Best Banks to Work For" in 2022, 2023 and 2024 by American Banker
Diversified branch footprint consisting of 53 branches, 12 of which are located in grocery stores
787 Full-Time Equivalent Employees
Insider ownership equal to 5.88%(1)
Experienced Management Team, each with over 20 years of experience in Banking
Strong asset quality, with NPA to Total Assets of 0.39%
Source: Bloomberg as of 4/29/2025
See Non-GAAP Reconciliation
Calculated on a fully taxable-equivalent basis (FTE)
4
# of Branches
Background and Highlights
Markets of Operation
25
East Texas
Founded in 1960 in Tyler, TX
Leading deposit market share (38%) in Smith County
Tyler metropolitan area population of approximately 240,000
Dallas - Fort Worth
15
Acquired Fort Worth Bancshares, Inc. ($129m in Assets) in 2007 and
OmniAmerican Bancorp, Inc. ($1.4b in Assets) in 2014
Expanded footprint with a Loan Production Office in Dallas January 2024
#1 largest MSA in Texas and #4 in U.S.
21 Fortune 500 Companies
10
Southeast Texas
Acquired Diboll State Bancshares, Inc. ($1.0b in Assets) in 2017
Leading deposit market share (29%) in Angelina County
Lufkin metropolitan area population of approximately 90,000
2
Austin
Expanded footprint to Austin with LPO acquired through Fort Worth Bancshares, Inc. transaction in 2007, became a full service branch in 2011
#4 largest MSA in Texas
Houston
1
#2 largest MSA in Texas and #5 in the US
24 Fortune 500 Companies
Source: FDIC (as of 6/30/2024), S&P Market Intelligence, Fortune Magazine
5
Disclaimer
Southside Bancshares Inc. published this content on May 12, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 12, 2025 at 14:24 UTC.