Southside Bancshares, Inc. (NASDAQ: SBSI; “the company”), is a ~$9 billion asset BHC headquartered in Tyler, Texas. The company operates through its primary subsidiary, Southside Bank (“the bank”), with the franchise spanning 55 branches across East and Southeast TX, Dallas-Fort Worth MSA, Austin, and in more recent years, the Greater Houston market. The company maintains a traditional community banking model, supported by established market presence and a geographically diverse Texas footprint.
SBSI’s growth has been primarily organic, supplemented by bank acquisitions in 2014 and 2017, which expanded its footprint in the East Texas and Dallas-Fort Worth MSAs. Given its size and proximity to the $10 billion threshold, additional acquisitions remain possible. The loan portfolio is commercially oriented, with investor CRE at 60%, C&I at 16%, and residential mortgage at 15% of loans. Traditional banking services are complemented by wealth and…
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