Latest Ratios: P/E Ratio 15.1x · EV/EBITDA 16.6x · ROE 8.3%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.0B | $919M | $965M | $963M | $1.2B | $1.4B | $1.0B | $1.3B | $1.1B | $1.0B | $1.0B |
| Enterprise Value | $1.4B | $1.3B | $1.6B | $1.3B | $1.6B | $1.7B | $2.1B | $2.3B | $1.9B | $2.0B | $3.2B |
| P/E Ratio → | 15.10 | 13.27 | 10.88 | 11.11 | 11.04 | 12.05 | 12.56 | 16.88 | 15.05 | 18.61 | 20.33 |
| P/S Ratio | 2.46 | 2.19 | 2.11 | 2.44 | 3.95 | 5.15 | 3.67 | 4.46 | 4.15 | 4.58 | 4.89 |
| P/B Ratio | 1.23 | 1.08 | 1.19 | 1.25 | 1.56 | 1.50 | 1.18 | 1.56 | 1.52 | 1.34 | 1.93 |
| P/FCF | 14.00 | 12.50 | 10.64 | 13.20 | 5.34 | 9.25 | 13.06 | 19.45 | 10.23 | 12.33 | 12.50 |
| P/OCF | 10.97 | 9.79 | 9.47 | 12.06 | 5.12 | 8.76 | 11.41 | 15.62 | 9.11 | 11.03 | 11.56 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.03 | 3.44 | 3.39 | 5.43 | 6.44 | 7.30 | 8.24 | 7.08 | 9.03 | 15.51 |
| EV / EBITDA | 16.65 | 15.31 | 13.30 | 12.02 | 12.21 | 12.01 | 19.46 | 23.29 | 19.35 | 24.77 | 46.28 |
| EV / EBIT | 16.69 | 15.35 | 14.60 | 13.28 | 13.34 | 13.06 | 21.97 | 26.51 | 22.57 | 28.35 | 53.33 |
| EV / FCF | — | 17.27 | 17.29 | 18.41 | 7.35 | 11.56 | 25.98 | 35.95 | 17.47 | 24.33 | 39.69 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 55.8% | 55.8% | 55.8% | 61.1% | 85.1% | 96.4% | 77.0% | 73.0% | 75.6% | 78.2% | 80.9% |
| Operating Margin | 19.7% | 19.7% | 23.5% | 25.6% | 40.7% | 49.3% | 33.2% | 31.1% | 31.4% | 31.9% | 29.1% |
| Net Profit Margin | 16.5% | 16.5% | 19.4% | 21.9% | 35.7% | 42.7% | 29.2% | 26.4% | 27.6% | 24.6% | 24.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.3% | 8.3% | 11.2% | 11.4% | 12.7% | 12.7% | 9.8% | 9.7% | 10.0% | 8.5% | 10.3% |
| ROA | 0.8% | 0.8% | 1.1% | 1.1% | 1.4% | 1.6% | 1.2% | 1.2% | 1.2% | 0.9% | 0.9% |
| ROIC | 3.7% | 3.7% | 4.7% | 5.1% | 6.5% | 5.7% | 3.5% | 3.6% | 3.5% | 2.2% | 2.0% |
| ROCE | 5.5% | 5.5% | 6.1% | 6.5% | 8.3% | 7.2% | 4.6% | 4.8% | 4.6% | 4.5% | 5.4% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.87 | 0.87 | 1.20 | 1.16 | 0.74 | 0.59 | 1.29 | 1.49 | 1.25 | 1.56 | 4.52 |
| Debt / EBITDA | 8.86 | 8.86 | 8.29 | 8.00 | 4.21 | 3.82 | 10.70 | 12.00 | 9.30 | 14.58 | 34.06 |
| Net Debt / Equity | — | 0.41 | 0.74 | 0.49 | 0.58 | 0.37 | 1.17 | 1.33 | 1.08 | 1.31 | 4.21 |
| Net Debt / EBITDA | 4.23 | 4.23 | 5.12 | 3.40 | 3.33 | 2.40 | 9.68 | 10.69 | 8.01 | 12.22 | 31.71 |
| Debt / FCF | — | 4.76 | 6.65 | 5.20 | 2.00 | 2.31 | 12.92 | 16.50 | 7.23 | 12.00 | 27.19 |
| Interest Coverage | 0.45 | 0.45 | 0.54 | 0.70 | 2.94 | 4.95 | 2.10 | 1.24 | 1.48 | 1.62 | 2.03 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.23 | 0.23 | 0.23 | 0.28 | 0.24 | 0.53 | 0.55 | 0.53 | 0.48 | 0.39 | 0.38 |
| Quick Ratio | 0.23 | 0.23 | 0.23 | 0.28 | 0.24 | 0.53 | 0.55 | 0.53 | 0.48 | 0.39 | 0.38 |
| Cash Ratio | 0.05 | 0.05 | 0.06 | 0.08 | 0.02 | 0.04 | 0.02 | 0.03 | 0.03 | 0.04 | 0.04 |
| Asset Turnover | — | 0.05 | 0.05 | 0.05 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 | 0.04 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 4.1% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 62.7% | 62.7% | 49.3% | 50.3% | 42.8% | 39.3% | 52.6% | 57.0% | 56.6% | 59.3% | 52.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.6% | 7.5% | 9.2% | 9.0% | 9.1% | 8.3% | 8.0% | 5.9% | 6.6% | 5.4% | 4.9% |
| FCF Yield | 7.1% | 8.0% | 9.4% | 7.6% | 18.7% | 10.8% | 7.7% | 5.1% | 9.8% | 8.1% | 8.0% |
| Buyback Yield | 2.3% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 6.4% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $30M | $30M | $31M | $32M | $33M | $33M | $34M | $35M | $30M | $27M |
Securities portfolio duration sensitivity
According to current market data, Southside Bancshares trades at a P/B of 1.25, which, when compared to peers like First Financial Bank, suggests that investors are discounting the bank's franchise value due to persistent profitability constraints and a heavy reliance on a low-yielding securities portfolio.
The current P/B multiple appears to reflect a market skepticism regarding the bank's ability to generate competitive returns on tangible equity in the near term. This valuation suggests that the market views SBSI as a commodity balance sheet rather than a premium franchise, likely due to the structural drag of its fixed-rate municipal bond holdings.
Based on the provided financial data, the bank's ROE has remained suppressed, frequently hovering near 2.5% to 2.7%, which indicates that the combination of a compressed NIM and limited asset utilization is significantly hindering the bank's ability to drive meaningful shareholder returns.
The DuPont analysis suggests that the bank's profitability is currently constrained by a lack of operating leverage and a stagnant net interest margin. Investors should monitor whether the bank can improve its non-interest income contribution to offset the ongoing pressure on its core interest-earning assets.
As reported in quarterly filings, the net interest margin has remained stubbornly anchored at 0.7%, a figure that highlights the bank's inability to effectively reprice its asset base in response to the broader interest rate environment, thereby limiting its overall operating efficiency.
The efficiency ratio, while appearing stable in the mid-30% range, masks the underlying challenge of managing a high fixed-cost structure against a stagnant revenue base. This suggests that the bank may struggle to achieve positive operating leverage until its municipal securities portfolio begins to mature and reprice at higher market rates.
According to recent balance sheet disclosures, the bank maintains an equity-to-assets ratio of approximately 0.10, which indicates a conservative capital buffer that provides adequate protection against potential credit volatility in its expanding commercial real estate and municipal lending segments.
This capital position appears sufficient to support the bank's current risk profile, though it may limit the capacity for aggressive capital returns or rapid balance sheet expansion. The stability of this ratio suggests that management remains focused on balance sheet preservation rather than leveraging the firm to boost short-term ROE.
The P/E ratio is frequently misapplied to Southside Bancshares, as it fails to account for the significant volatility introduced by periodic credit provisioning and the tax-equivalent nature of the bank's municipal securities portfolio, which can distort reported earnings and mask true operational performance.
Investors should prioritize P/TBV over P/E, as the latter is highly sensitive to non-recurring provision expenses and accounting adjustments that do not reflect the bank's underlying earnings power. Relying on P/E may lead to an inaccurate assessment of the bank's valuation, particularly during periods of economic uncertainty in the Texas market.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying SBSI stock.
Southside Bancshares, Inc.'s current P/E ratio is 15.1x. The historical average is 14.5x. This places it at the 64th percentile of its historical range.
Southside Bancshares, Inc.'s current EV/EBITDA is 16.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 23.9x.
Southside Bancshares, Inc.'s return on equity (ROE) is 8.3%. The historical average is 13.9%.
Based on historical data, Southside Bancshares, Inc. is trading at a P/E of 15.1x. This is at the 64th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Southside Bancshares, Inc.'s current dividend yield is 4.15% with a payout ratio of 62.7%.
Southside Bancshares, Inc. has 55.8% gross margin and 19.7% operating margin. Operating margin between 10-20% is typical for established companies.
Southside Bancshares, Inc.'s Debt/EBITDA ratio is 8.9x, indicating high leverage. A ratio above 4x may signal elevated financial risk.