Southside Bancshares, Inc.

Southside Bancshares, Inc. is the bank holding company for Southside Bank, offering a wide range of financial services to individuals, businesses, municipal entities, and nonprofit organizations. Its deposit products include savings, money market, and interest and noninterest bearing checking accounts, as well as certificates of deposit. The company provides consumer loans such as 1-4 family residential, home equity, home improvement, automobile, and consumer related loans. Its commercial loan portfolio includes short-term working capital loans for inventory and accounts receivable, short and medium-term equipment or business capital expansion loans, commercial real estate loans, municipal loans, and construction loans for residential and commercial real estate. Additionally, Southside Bancshares offers trust and wealth management services, including investment management, administration of trusts, estate administration, and custodian services, as well as brokerage services, safe deposit services, retirement and employee benefit accounts, and telephone, internet, and mobile banking products.

Southside Bancshares, Inc. is listed on the New York Stock Exchange (NYSE) under the ticker symbol SBSI. The company operates in the United States and its financials are reported in US Dollars (USD). As a regional bank holding company, its stock is traded in USD on the NYSE, providing investors with exposure to the US banking sector.

Southside Bancshares, Inc. operates in the Financial Services sector and is classified under the Banks - Regional industry. This means it is a regional bank holding company that provides traditional banking services such as deposits, loans, and wealth management to customers primarily in its local market areas. Regional banks like Southside typically focus on serving individuals, small to medium-sized businesses, and municipal entities within specific geographic regions, as opposed to large national or international banks.

Southside Bancshares, Inc. is headquartered in Tyler, Texas, United States. The company serves customers primarily in Texas through its network of branches, drive-thru facilities, loan production offices, automated teller machines, and interactive teller machines. Its target markets include individuals, businesses, municipal entities, and nonprofit organizations. Founded in 1960, Southside Bancshares has a long history of providing financial services in its local communities, with a focus on relationship banking and personalized service.

Southside Bancshares generates revenue primarily through net interest income from its lending and deposit activities. The company earns interest on loans it originates, including consumer loans (such as residential mortgages, home equity, and auto loans) and commercial loans (such as working capital, equipment, and real estate loans). It also earns fee income from deposit accounts, trust and wealth management services, brokerage services, and safe deposit services. Additionally, the company offers retirement and employee benefit accounts, which generate administrative fees. By providing a comprehensive suite of banking and financial services, Southside Bancshares diversifies its revenue streams beyond traditional lending.