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SOUTHSIDE BANCSHARES INC (SBSI)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15Dec-31-14
   10-K10-K10-K10-K10-K10-K10-K10-K
    Interest income:  
        Interest income on loans  144.8158.5170.3158.7117.6106.696.470.6
        Interest income on investments  97.374.033.950.391.446.424.124.7
       216.0231.8240.8229.2187.5168.9154.5123.8
    Interest expense:  
        Interest on deposits  9.424.644.635.920.714.310.28.0
       26.444.671.057.143.529.319.917.0
Net interest income  189.6187.3169.8172.1144.0139.6134.7106.8
Provision for loan losses  -17.020.25.18.44.79.88.314.9
Net interest income after provision for loan losses  206.5167.1164.7163.6139.3129.8126.391.9
        Deposit and loan fees        20.115.3
        Gain on sale of investments, net  -0.2-0.40.1   3.72.8
        Other non-interest income  49.550.242.340.837.539.414.133.6
Total non-interest income  49.349.742.440.837.539.437.951.7
Non-interest expenses  125.0123.3119.3120.1106.3109.5113.097.7
Pre-tax income before non-recurring items  130.893.587.886.774.859.756.715.9
Non-recurring items     2.44.4 5.5 
Asset impairment         -2.8
Pre-tax income  130.893.587.884.370.459.751.318.7
Income taxes  17.411.313.210.216.110.37.3-2.2
            Tax rate  13.3%12.1%15.1%12.1%22.9%17.3%14.2% 
Net income  113.482.274.674.154.349.344.020.8
            Net margin  44.3%37.9%36.0%36.3%30.7%29.2%26.8%14.5%
   
Basic EPS  $3.48$2.47$2.21$2.12$1.82$1.82$1.61$0.99
Diluted EPS  $3.47$2.47$2.20$2.11$1.81$1.81$1.61$0.99
   
Shares outstanding (basic)  32.633.233.735.029.827.127.321.0
Shares outstanding (diluted)  32.733.333.935.130.027.227.421.1
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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