Southside Bancshares, Inc. Announces Financial Results for the First Quarter Ended March 31, 2024
Southside Bancshares, Inc. Announces Financial Results for the First Quarter Ended March 31, 2024
- First quarter net income of $21.5 million;
- 第一季度的淨利潤爲2150萬美元;
- Linked quarter loan growth of 1.2%;
- 貸款增長率爲1.2%,較上一季度有所提高;
- First quarter earnings per diluted common share of $0.71;
- 每股稀釋後的公共股票收益爲0.71美元;
- Annualized return on first quarter average assets of 1.03%;
- 第一季度平均資產年化收益率爲1.03%;
- Annualized return on first quarter average tangible common equity of 15.07%(1); and
- 第一季度平均有形公共股權年化收益率達15.07%;(1);以及幫助孩子們跟蹤他們夏季口腔衛生習慣的材料。
- Nonperforming assets remain low at 0.10% of total assets.
- 不良資產仍然在總資產的0.10%以下;
TYLER, Texas, April 25, 2024 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. ("Southside" or the "Company") (NASDAQ: SBSI) today reported its financial results for the quarter ended March 31, 2024. Southside reported net income of $21.5 million for the three months ended March 31, 2024, a decrease of $4.5 million, or 17.4%, compared to $26.0 million for the same period in 2023. Earnings per diluted common share decreased $0.12, or 14.5%, to $0.71 for the three months ended March 31, 2024, from $0.83 for the same period in 2023. The annualized return on average shareholders' equity for the three months ended March 31, 2024, was 11.02%, compared to 13.92% for the same period in 2023. The annualized return on average assets was 1.03% for the three months ended March 31, 2024, compared to 1.38% for the same period in 2023.
德克薩斯州泰勒市,2024年4月25日(環球新聞社) - 南方銀行股份有限公司(“南方”或“公司”)(NASDAQ:SBSI)今天公佈了截至2024年3月31日的季度財務業績,南方銀行報告了該季度截至2024年3月31日淨利潤2150萬美元,比2023年同期的2600萬美元下降了450萬美元,下降17.4%。2024年3月31日止三個月稀釋後每股公共股份收益減少了0.12美元,或14.5%,至0.71美元,而2023年同期爲0.83美元。截至2024年3月31日止三個月,平均股東權益的年化回報率爲11.02%,而2023年同期爲13.92%。截至2024年3月31日三個月平均資產年化回報率爲1.03%,而2023年同期爲1.38%。
"Linked quarter, loans increased an annualized 4.7%, while our deposits remained flat." stated Lee R. Gibson, President and Chief Executive Officer of Southside. "Net interest income decreased $1.1 million, and the net interest margin decreased 13 basis points. The maturity of three low interest rate cash flow swaps along with ongoing higher funding costs were the primary reasons for the decrease. There are no additional swaps maturing this year. During the quarter, we began evaluating cost containment opportunities. Through retirement, a reduction in workforce, and attrition during 2024, we currently anticipate annualized cost savings of approximately $3.5 million, 80% of which should be reflected beginning in the third quarter this year and 100% in 2025. We expensed approximately $618,000 during the quarter associated with these cost reductions. In the coming months we will continue to evaluate further cost containment and revenue generating opportunities."
南方銀行總裁兼首席執行官李·吉布森表示:“關聯季度,貸款增長年化率增加了4.7%,而我們的存款保持不變。淨利息收入減少了110萬美元,淨利息收益率下降了13個點子。三個低利率現金流掉期的到期以及持續較高的融資成本是減少的主要原因。今年不再有其他到期掉期。在本季度,我們開始評估成本控制機會。通過退休、減少員工和2024年的自然減員,我們目前預計每年可以節約大約350萬美元的年度成本,其中80%應反映在今年第三季度開始的效益中,100%在2025年。我們在本季度與這些成本削減相關的支出約爲61.8萬美元。未來幾個月中,我們將繼續評估更多的成本控制和創收機會。”
Operating Results for the Three Months Ended March 31, 2024
2024年3月31日止三個月的運營結果
Net income was $21.5 million for the three months ended March 31, 2024, compared to $26.0 million for the same period in 2023, a decrease of $4.5 million, or 17.4%. Earnings per diluted common share were $0.71 and $0.83 for the three months ended March 31, 2024 and 2023, respectively. The decrease in net income was primarily a result of the decrease in noninterest income and the increase in noninterest expense. Annualized returns on average assets and average shareholders' equity for the three months ended March 31, 2024 were 1.03% and 11.02%, respectively, compared to 1.38% and 13.92%, respectively, for the three months ended March 31, 2023. Our efficiency ratio and tax-equivalent efficiency ratio(1) were 57.95% and 55.54%, respectively, for the three months ended March 31, 2024, compared to 53.57% and 50.99%, respectively, for the three months ended March 31, 2023, and 53.30% and 50.86%, respectively, for the three months ended December 31, 2023.
2024年3月31日止三個月淨利潤爲2150萬美元,而2023年同期爲2600萬美元,下降了450萬美元,降幅爲17.4%。稀釋後的每股公共股份收益分別爲2024年3月31日和2023年3月31日的0.71美元和0.83美元。淨利潤下降主要是由於非利息收入下降和非利息支出上升所致。2024年3月31日止三個月平均資產回報率和平均股東權益回報率分別爲1.03%和11.02%,而2023年3月31日止三個月分別爲1.38%和13.92%。我們的效率比率和稅後等效率比率(1)分別爲2024年3月31日止三個月的57.95%和55.54%,而2023年3月31日止三個月的分別爲53.57%和50.99%,而2023年12月31日止三個月的分別爲53.30%和50.86%。
Net interest income for the three months ended March 31, 2024 was $53.3 million, a decrease of only $5,000 from the same period in 2023. Linked quarter, net interest income decreased $1.1 million, or 2.1%, compared to $54.5 million during the three months ended December 31, 2023. The decrease in net interest income was largely due to increases in the average rate paid on our interest bearing liabilities and average balance of our interest bearing liabilities, partially offset by the increase in the average balance of interest earning assets and the increase in the average yield of interest earning assets. During the first quarter of 2024, three of our lower rate cash flow swaps which totaled $120.0 million matured and the rate associated with the funding increased over 4.0%.
2024年3月31日止三個月的淨利息收入爲5330萬美元,與2023年同期相比僅降低了5,000美元。關聯季度,淨利息收入較2023年12月31日三個月的5450萬美元減少了110萬美元,降幅爲2.1%。淨利息收入下降主要是由於我們的利息支出負債的平均支付比率和平均餘額增長,而這部分被平均的計息資產的餘額和平均計息資產的平均收益率增加所部分抵消。2024年第一季度,我們三筆低利率現金流掉期的總計金額爲1.2億美元,到期並且與融資相關的費用上漲4.0%以上。
Our net interest margin and tax-equivalent net interest margin(1) decreased to 2.72% and 2.86%, respectively, for the three months ended March 31, 2024, compared to 3.02% and 3.21%, respectively, for the same period in 2023. Linked quarter, net interest margin and tax-equivalent net interest margin(1) decreased from 2.83% and 2.99%, respectively for the three months ended December 31, 2023.
我們的淨利息率和稅後淨利息率(1)分別爲2024年3月31日止三個月的2.72%和2.86%,而同期的2023年3月31日爲3.02%和3.21%。與2023年12月31日止三個月的2.83%和2.99%相比,關聯季度的淨利息率和稅收等效淨利息率(1)分別下降。
Noninterest income was $9.7 million for the three months ended March 31, 2024, a decrease of $2.3 million, or 19.2%, compared to $12.0 million for the same period in 2023. The decrease was due to a $2.4 million net gain on sale of equity securities during the three months ended March 31, 2023, as well as a decrease in bank owned life insurance ("BOLI") income due to a death benefit realized in 2023, a loss on sale of loans, and decreases in deposit services income and other noninterest income during the three months ended March 31, 2024. These decreases were partially offset by a decrease in net loss on sale of securities available for sale ("AFS") and an increase in brokerage services income during the three months ended March 31, 2024. On a linked quarter basis, noninterest income increased $7.2 million, or 288.8%, compared to the three months ended December 31, 2023. The increase was due to a net loss on sale of AFS of $10.4 million for the three months ended December 31, 2023, partially offset by a decrease in BOLI income related to a $2.0 million death benefit realized in the fourth quarter of 2023.
2024年3月31日三個月的非利息收入爲970萬美元,比2023年同期下降了230萬美元,降幅爲19.2%。下降是由於2023年3月31日至2024年3月31日三個月期間出售股票的淨收益爲240萬美元,以及與去世好處相關的銀行擁有的人壽保險(“BOLI”)收入下降,銷售貸款的虧損以及2024年3月31日三個月期間存款服務收入和其他非利息收入下降所致。這些下降部分被於2024年3月31日三個月的AFS淨證券售出虧損減少和證券經紀服務收入增加所抵消。關聯季度的非利息收入比2023年12月31日三個月增加了720萬美元,增長了288.8%,這是由於ABFS的淨損失爲1.04億美元,2023年12月31日三個月的淨損失增加了約200萬美元。
Noninterest expense increased $2.0 million, or 5.8%, to $36.9 million for the three months ended March 31, 2024, compared to $34.8 million for the same period in 2023, due to increases in salaries and employee benefits, software and data processing expense, FDIC insurance and other noninterest expense, partially offset by decreases in net occupancy expense and professional fees. On a linked quarter basis, noninterest expense increased by $1.7 million, or 4.8%, compared to the three months ended December 31, 2023, due to an increase in salaries and employee benefits expense primarily due to normal salary increases effective in the first quarter of 2024 and approximately $618,000 associated with future cost reductions.
非利息支出在2024年3月31日止三個月內增加了200萬美元或5.8%,達到3690萬美元,而2023年同期爲3480萬美元,主要是由於薪資和員工福利、軟件和數據處理支出、FDIC保險和其他非利息支出增加,部分抵消了淨佔用費用和專業費用下降。與2023年12月31日止三個月相比,非利息支出增加了170萬美元,或4.8%,主要是由於薪資和員工福利支出的增加,這主要是由於2024年第一季度生效的正常工資增加和未來成本削減的大約618,000美元左右。
Income tax expense increased $0.1 million, or 1.7%, for the three months ended March 31, 2024, compared to the same period in 2023. On a linked quarter basis, income tax expense increased $2.4 million, or 109.5%. Our effective tax rate ("ETR") increased to 17.7% for the three months ended March 31, 2024, compared to 14.9% for the three months ended March 31, 2023, and increased from 11.3% for the three months ended December 31, 2023. The higher ETR for the three months ended March 31, 2024 compared to the same period in 2023, was primarily due to a decrease in tax-exempt income as a percentage of pre-tax income.
2024年3月31日止三個月的所得稅支出比2023年同期增加了0.1萬美元或1.7%。關聯季度,所得稅支出增加了240萬美元,或109.5%。我們的有效稅率爲17.7%,而2023年3月31日三個月爲14.9%,並從2023年12月31日三個月的11.3%上升。該季度的較高稅率主要是由於免稅收入佔稅前收入的比例下降所致。
Balance Sheet Data
資產負債表數據
At March 31, 2024, Southside had $8.35 billion in total assets, compared to $8.28 billion at December 31, 2023 and $7.79 billion at March 31, 2023.
截至2024年3月31日,南方銀行總資產爲83.5億美元,而2023年12月31日爲82.8億美元,而2023年3月31日爲77.9億美元。
Loans at March 31, 2024 were $4.58 billion, an increase of $424.7 million, or 10.2%, compared to $4.15 billion at March 31, 2023. Linked quarter, loans increased $52.9 million, or 1.2%, due to increases of $244.9 million in commercial real estate loans and $23.8 million in 1-4 family residential loans. These increases were partially offset by decreases of $190.3 million in construction loans, $13.9 million in municipal loans, $8.8 million in commercial loans, and $2.7 million in loans to individuals.
2024年3月31日貸款總額爲45.8億美元,較2023年3月31日的41.5億美元增加了4.247億美元,增幅爲10.2%。環比貸款增加了5290萬美元,或1.2%,其中商業房地產貸款增加2.449億美元,1-4家庭住宅貸款增加2380萬美元。這些增加部分抵消了建築貸款減少1.903億美元,城市貸款減少1390萬美元,商業貸款減少880萬美元和個人貸款減少270萬美元的影響。
Securities at March 31, 2024 were $2.71 billion, a decrease of $33.6 million, or 1.2%, compared to $2.75 billion at March 31, 2023. Linked quarter, securities increased $108.8 million, or 4.2%, from $2.60 billion at December 31, 2023.
2024年3月31日證券總額爲27.1億美元,較2023年3月31日的27.5億美元減少3360萬美元,降幅爲1.2%。環比證券總額增加1088萬美元,或4.2%,從2023年12月31日的26億美元增加。
Deposits at March 31, 2024 were $6.55 billion, an increase of $707.5 million, or 12.1%, compared to $5.84 billion at March 31, 2023, primarily due to an increase in brokered deposits of $314.6 million, or 67.3%, and an increase in public fund deposits of $281.3 million, or 31.3%. Linked quarter, deposits decreased $3.9 million, or 0.1%, from $6.55 billion at December 31, 2023.
2024年3月31日存款總額爲65.5億美元,較2023年3月31日的58.4億美元增加7.075億美元,增幅爲12.1%,主要由於經紀存款增加了3.146億美元,增幅爲67.3%,公共基金存款增加了2.813億美元,增幅爲31.3%。環比存款減少390萬美元,或0.1%,從2023年12月31日的65.5億美元。
At March 31, 2024, we had 179,889 total deposit accounts with an average balance of $32,000. Our estimated uninsured deposits was 36.5% as of March 31, 2024. When excluding affiliate deposits (Southside-owned deposits) and public fund deposits (all collateralized), our total estimated deposits without insurance or collateral was 18.5% as of March 31, 2024. We continued to increase interest rates paid on deposits during the first quarter in order to retain deposits and to remain competitive with current pricing in the market. Our noninterest bearing deposits represent approximately 20.8% of total deposits. Linked quarter, our cost of interest bearing deposits increased 14 basis points from 2.83% in the prior quarter to 2.97%. Linked quarter, our cost of total deposits increased 16 basis points from 2.20% in the prior quarter to 2.36%.
2024年3月31日,我們的存款帳户總數爲179,889個,平均餘額爲32,000美元。預計我們的未受保險存款爲36.5%,截至2024年3月31日。在排除子公司存款(Southside擁有的存款)和公共基金存款(所有抵押貸款)後,我們的總估計存款無保險和無抵押物爲18.5%,截至2024年3月31日。我們在第一季度繼續提高存款支付的利率,以保留存款並與市場上的當前定價競爭。我們的非利息支出存款約佔總存款的20.8%。環比,我們的計息存款成本從上一季度的2.83%上漲了14個點子,上漲至2.97%。環比,我們的總存款成本從上一季度的2.20%上漲了16個點子,上漲至2.36%。
Our cost of interest bearing deposits increased 115 basis points, from 1.82% for the three months ended March 31, 2023, to 2.97% for the three months ended March 31, 2024. Our cost of total deposits increased 102 basis points, from 1.34% for the three months ended March 31, 2023, to 2.36% for the three months ended March 31, 2024.
我們的計息存款成本從截至2023年3月31日的1.82%上漲了115個點子,上漲至截至2024年3月31日的2.97%。我們的總存款成本從截至2023年3月31日的1.34%上漲了102個點子,上漲至截至2024年3月31日的2.36%。
Capital Resources and Liquidity
資本資源和流動性
Our capital ratios and contingent liquidity sources remain solid. During the first quarter ended March 31, 2024, we did not purchase any common stock pursuant to our Stock Repurchase Plan. Under this plan, repurchases of our outstanding common stock may be carried out in open market purchases, privately negotiated transactions or pursuant to any trading plan that might be adopted in accordance with Rule 10b5-1 of The Securities Exchange Act of 1934, as amended. The Company has no obligation to repurchase any shares under the Stock Repurchase Plan and may modify, suspend or discontinue the plan at any time. We have not purchased any common stock pursuant to the Stock Repurchase Plan subsequent to March 31, 2024.
我們的資本比率和應急流動性來源保持穩健。在截至2024年3月31日的第一季度,我們未根據我們的股票回購計劃購買任何普通股。根據該計劃,可以通過公開市場購買、私下協商交易或根據《1934年證券交易法》修正案第10b5-1條的任何交易計劃進行購買。公司沒有義務回購股份,並可以隨時修改、暫停或終止該計劃。自2024年3月31日以來,我們沒有根據股票回購計劃購買任何普通股。
We utilized the Federal Reserve's Bank Term Funding Program ("BTFP") to reduce our overall funding costs and to enhance our interest rate risk position. As of March 31, 2024, our BTFP borrowings of $116.1 million were at a cost of 5.40%. As of March 31, 2024, our total available contingent liquidity, net of current outstanding borrowings, was $2.35 billion, consisting of FHLB advances, Federal Reserve Discount Window and correspondent bank lines of credit.
我們利用聯邦儲備銀行的銀行期限資金計劃(BTFP)來降低我們的總體資金成本和加強我們的利率風險狀況。截至2024年3月31日,我們的BTFP借款爲1.161億美元,成本爲5.4%。截至2024年3月31日,我們的總可用應急流動性淨額,減去當前未償借款,爲23.5億美元,包括FHLB預支、聯儲局貼現窗口和對應銀行的信貸額度。
Asset Quality
資產質量
Nonperforming assets at March 31, 2024 were $8.0 million, or 0.10% of total assets, an increase of $4.8 million, or 150.9%, compared to $3.2 million, or 0.04% of total assets, at March 31, 2023. Linked quarter, nonperforming assets increased $4.0 million from $4.0 million at December 31, 2023 due primarily to an increase of $3.8 million, or 98.2%, in nonaccrual loans, largely the result of one commercial real estate loan and one commercial loan relationship. Since March 31, 2024, we have received approximately $1.6 million combined, of payments on the commercial loan relationship and the payoff of one larger residential real estate loan.
2024年3月31日不良資產總額爲80萬美元,佔總資產的0.10%,較2023年3月31日的320萬美元增加了48萬美元,增幅爲150.9%。環比不良資產增加400萬美元,從2023年12月31日的400萬美元增加,主要是由於一筆商業房地產貸款和一筆商業貸款關係造成的非應計貸款增加了3.8萬美元或98.2%。自2024年3月31日以來,我們已經獲得了大約160萬美元的商業貸款關係支付和一項較大的住宅房地產貸款清償。
The allowance for loan losses totaled $43.6 million, or 0.95% of total loans, at March 31, 2024, compared to $36.3 million, or 0.87% of total loans, at March 31, 2023. The allowance for loan losses was $42.7 million, or 0.94% of total loans, at December 31, 2023.
截至2024年3月31日,我們的貸款準備金總額爲4360萬美元,佔貸款總額的0.95%,較2023年3月31日的3630萬美元增加了0.08%。2023年12月31日時,貸款準備金爲4270萬美元,佔貸款總額的0.94%。
For the three months ended March 31, 2024, we recorded a provision for credit losses for loans of $1.2 million, compared to $0.1 million and $2.2 million for the three months ended March 31, 2023 and December 31, 2023, respectively. Net charge-offs were $0.3 million for the three months ended March 31, 2024, compared to net charge-offs of $0.3 million and $1.3 million for the three months ended March 31, 2023 and December 31, 2023, respectively.
在2024年3月31日結束的三個月裏,我們爲貸款記錄了120萬美元的信用損失準備金,分別比2023年3月31日和2023年12月31日的貸款記錄的0.1萬美元和220萬美元高。淨收費爲300,000美元,在2024年3月31日結束的三個月內,而在2023年3月31日和2023年12月31日,淨收費分別爲300,000美元和1.3萬美元。
We recorded a reversal of provision for credit losses on off-balance-sheet credit exposures of $1.1 million and $0.1 million for the three months ended March 31, 2024 and 2023, respectively, and a provision for credit losses on off-balance-sheet credit exposures of $0.1 million for the three months ended December 31, 2023. The decrease in provision for the three months ended March 31, 2024, compared to the same period in 2023, was due to a lower balance of off-balance-sheet credit exposure as these were funded during the period. The balance of the allowance for off-balance-sheet credit exposures at March 31, 2024 and 2023, was $2.8 million and $3.6 million, respectively, and is included in other liabilities.
我們爲跨出資產負債表的信用敞口減少了對信用損失的準備金,2014年3月31日和2014年3月31日分別爲1.1萬美元和0.1萬美元,同時還爲2013年12月31日的三個月記錄了1萬美元的信用損失準備金。2024年3月31日期間的信貸準備計提下降,可能是由於期間資金的減少引起的。2024年3月31日和2023年3月31日的期末信用敞口準備金餘額分別爲280萬美元和360萬美元,包括在其他負債中。
Dividend
分紅
Southside Bancshares, Inc. declared a first quarter cash dividend of $0.36 per share on February 1, 2024, which was paid on February 29, 2024, to all shareholders of record as of February 15, 2024.
Southside Bancshares, Inc.宣佈2024年第一季度現金股息爲每股0.36美元,該股息於2024年2月29日支付給截至2024年2月15日的所有記錄股東。
__________________
__________________
(1) Refer to "Non-GAAP Financial Measures" below and to "Non-GAAP Reconciliation" at the end of the financial statement tables in this Earnings Release for more information and for a reconciliation of this non-GAAP financial measure to the nearest GAAP financial measure.
(1)有關更多信息以及有關此非GAAP財務金額與最接近的GAAP財務金額進行協調的,請參見下面的“非GAAP財務金額”和本收益發布財務表格的末尾的“非GAAP協調”。
Conference Call
電話會議
Southside's management team will host a conference call to discuss its first quarter ended March 31, 2024 financial results on Thursday, April 25, 2024 at 11:00 a.m. CDT. The conference call can be accessed by webcast, for listen-only mode, on the company website, https://investors.southside.com, under Events.
南方信貸管理團隊將於2024年4月25日上午11:00舉行電話會議,討論首季度截至2024年3月31日的財務業績。會議可以在公司網站的收聽模式下通過網絡收聽。https://investors.southside.com公司網站
Those interested in participating in the question and answer session, or others who prefer to call-in, can register at https://register.vevent.com/register/BI45f96322574d452abfa8520cda8fa8b2 to receive the dial-in number and unique code to access the conference call seamlessly. While not required, it is recommended that those wishing to participate, register 10 minutes prior to the conference call to ensure a more efficient registration process.
有興趣參加問答環節的人或其他更喜歡撥打電話的人可以在https://register.vevent.com/register/BI45f96322574d452abfa8520cda8fa8b2上註冊,以獲得無縫訪問電話會議的撥號號碼和獨特代碼。建議那些希望參加的人提前10分鐘註冊,以確保更高效的註冊流程。https://register.vevent.com/register/BI45f96322574d452abfa8520cda8fa8b2建議那些無法參加現場活動的人,在公司網站上觀看網絡直播記錄。
For those unable to attend the live event, a webcast recording will be available on the company website, https://investors.southside.com, for at least 30 days, beginning approximately two hours following the conference call.
對於無法參加現場活動的人,公司網站上將提供網絡直播錄像。 https://investors.southside.com從大約會議通話之後的2小時開始,應遵循以下所有規則。
Non-GAAP Financial Measures
非依照普遍公認會計准則的財務措施
Our accounting and reporting policies conform to generally accepted accounting principles ("GAAP") in the United States and prevailing practices in the banking industry. However, certain non-GAAP measures are used by management to supplement the evaluation of our performance. These include the following fully taxable-equivalent measures ("FTE"): (i) Net interest income (FTE), (ii) net interest margin (FTE), (iii) net interest spread (FTE), and (iv) efficiency ratio (FTE), which include the effects of taxable-equivalent adjustments using a federal income tax rate of 21% to increase tax-exempt interest income to a tax-equivalent basis. Interest income earned on certain assets is completely or partially exempt from federal income tax. As such, these tax-exempt instruments typically yield lower returns than taxable investments.
我們的會計和報告政策符合美國公認會計原則("GAAP")和銀行業的慣例。然而,管理層使用某些非GAAP措施來補充我們的表現評估。這些措施包括以下完全應稅等效措施("FTE"):(i)淨利息收入(FTE),(ii)淨利息收益率(FTE),(iii)淨利息差價(FTE)和(iv)效率比率(FTE),其中包括使用聯邦所得稅率爲21%的應稅等效調整來將免稅利息收入轉化爲稅前基礎計算。某些資產賺取的利息完全或部分免除聯邦所得稅。因此,這些免稅工具通常產生的回報率較低。
Net interest income (FTE), net interest margin (FTE) and net interest spread (FTE). Net interest income (FTE) is a non-GAAP measure that adjusts for the tax-favored status of net interest income from certain loans and investments and is not permitted under GAAP in the consolidated statements of income. We believe this measure to be the preferred industry measurement of net interest income and that it enhances comparability of net interest income arising from taxable and tax-exempt sources. The most directly comparable financial measure calculated in accordance with GAAP is our net interest income. Net interest margin (FTE) is the ratio of net interest income (FTE) to average earning assets. The most directly comparable financial measure calculated in accordance with GAAP is our net interest margin. Net interest spread (FTE) is the difference in the average yield on average earning assets on a tax-equivalent basis and the average rate paid on average interest bearing liabilities. The most directly comparable financial measure calculated in accordance with GAAP is our net interest spread.
淨利息收入(FTE),淨利息收益率(FTE)和淨利息差價(FTE)。淨利息收入(FTE)是一項非GAAP措施,根據美國公認會計原則不允許在聯合報表的收入表中進行調整。我們認爲此措施是淨利息收入的首選行業測量方法,並且它增強了來自應稅和免稅來源的淨利息收入的可比性。按照GAAP計算的最直接可比財務指標是我們的淨利息收入。淨利息收益率(FTE)是淨利息收入(FTE)除以平均收益資產的比率。按照GAAP計算的最直接可比財務指標是我們的淨利息收益率。淨利息差價(FTE)是稅前平均收益資產和平均計息負債上計稅等值基礎上的平均收益率之間的差異。按照GAAP計算的最直接可比財務指標是我們的淨利息差價。
Efficiency ratio (FTE). The efficiency ratio (FTE) is a non-GAAP measure that provides a measure of productivity in the banking industry. This ratio is calculated to measure the cost of generating one dollar of revenue. The ratio is designed to reflect the percentage of one dollar which must be expended to generate that dollar of revenue. We calculate this ratio by dividing noninterest expense, excluding amortization expense on intangibles and certain nonrecurring expense by the sum of net interest income (FTE) and noninterest income, excluding net gain (loss) on sale of securities available for sale and certain nonrecurring impairments. The most directly comparable financial measure calculated in accordance with GAAP is our efficiency ratio.
效率比率(FTE)。效率比率(FTE)是一項非GAAP措施,提供銀行業中生產力的衡量。該比率計算出用於產生一美元收入的成本。該比率旨在反映必須支出的百分之一來產生該百分之一收入。我們通過將除了無形資產的攤銷費用和特定的非經常性費用之外的非利息費用除以淨利息收入(FTE)和非利息收入(減去證券交易可供出售的淨收益(損失)和某些非經常性減值)之和來計算這一比率。按照GAAP計算的最直接可比財務指標是我們的效率比率。
These non-GAAP financial measures should not be considered alternatives to GAAP-basis financial statements and other bank holding companies may define or calculate these non-GAAP measures or similar measures differently. Whenever we present a non-GAAP financial measure in an SEC filing, we are also required to present the most directly comparable financial measure calculated and presented in accordance with GAAP and reconcile the differences between the non-GAAP financial measure and such comparable GAAP measure.
這些非GAAP財務指標不應視爲GAAP基礎財務報表的替代品,其他銀行控股公司可能以不同方式定義或計算這些非GAAP或類似財務指標。每當我們在SEC備案中呈報非GAAP財務指標時,我們也必須呈報並協調這種非GAAP財務指標與相應的按照GAAP計算和呈報的財務指標之間的差異。
Management believes adjusting net interest income, net interest margin and net interest spread to a fully taxable-equivalent basis is a standard practice in the banking industry as these measures provide useful information to make peer comparisons. Tax-equivalent adjustments are reflected in the respective earning asset categories as listed in the "Average Balances with Average Yields and Rates" tables.
管理層認爲將淨利息收入,淨利息收益率和淨利息差價調整爲完全應稅等當量基礎是銀行業的標準做法,因爲這些措施提供了有用的信息以進行同行比較。應稅等值調整反映在“平均餘額與平均收益和利率”的各投資資產類別中列出。
A reconciliation of our non-GAAP financial measures to the comparable GAAP financial measures is included at the end of the financial statement tables.
我們的非GAAP財務指標與可比的GAAP財務指標的對賬在財務報表表格的末尾。
About Southside Bancshares, Inc.
關於南方銀行股份有限公司。
Southside Bancshares, Inc. is a bank holding company with approximately $8.35 billion in assets as of March 31, 2024, that owns 100% of Southside Bank. Southside Bank currently has 55 branches in Texas and operates a network of 73 ATMs/ITMs.
Southside Bancshares,Inc.是一家銀行控股公司,截至2024年3月31日擁有約83.5億美元的資產,擁有Southside Bank的100%股權。Southside Bank目前在德克薩斯州擁有55家分行,並經營着73個ATM / ITM網絡。
To learn more about Southside Bancshares, Inc., please visit our investor relations website at https://investors.southside.com. Our investor relations site provides a detailed overview of our activities, financial information and historical stock price data. To receive email notification of company news, events and stock activity, please register on the website under Resources and Investor Email Alerts. Questions or comments may be directed to Lindsey Bailes at (903) 630-7965, or lindsey.bailes@southside.com.
要了解有關南方銀行股份有限公司的更多信息,請訪問我們的投資者關係網站https://investors.southside.com。我們的投資者關係網站提供了我們的活動、財務信息和歷史股價數據的詳細概述。要接收公司新聞、活動和股票活動的電子郵件通知,請在資源和投資者電子郵件提醒下注冊網站。如果有問題或意見,請致電Lindsey Bailes(903)630-7965,或發送電子郵件至lindsey.bailes@southside.com.
Forward-Looking Statements
前瞻性聲明
Certain statements of other than historical fact that are contained in this press release and in other written materials, documents and oral statements issued by or on behalf of the Company may be considered to be "forward-looking statements" within the meaning of and subject to the safe harbor protections of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not guarantees of future performance, nor should they be relied upon as representing management's views as of any subsequent date. These statements may include words such as "expect," "estimate," "project," "anticipate," "appear," "believe," "could," "should," "may," "might," "will," "would," "seek," "intend," "probability," "risk," "goal," "target," "objective," "plans," "potential," and similar expressions. Forward-looking statements are statements with respect to the Company's beliefs, plans, expectations, objectives, goals, anticipations, assumptions, estimates, intentions and future performance and are subject to significant known and unknown risks and uncertainties, which could cause the Company's actual results to differ materially from the results discussed in the forward-looking statements. For example, discussions of the effect of our expansion, benefits of the Share Repurchase Plan, trends in asset quality, capital, liquidity, the Company's ability to sell nonperforming assets, expense reductions, planned operational efficiencies and earnings from growth and certain market risk disclosures, including the impact of interest rates, tax reform, inflation, the impacts related to or resulting from other economic factors are based upon information presently available to management and are dependent on choices about key model characteristics and assumptions and are subject to various limitations. By their nature, certain of the market risk disclosures are only estimates and could be materially different from what actually occurs in the future. Accordingly, our results could materially differ from those that have been estimated. The most significant factor that could cause future results to differ materially from those anticipated by our forward-looking statements include the ongoing impact of higher inflation levels, higher interest rates and general economic and recessionary concerns, all of which could impact economic growth and could cause a reduction in financial transactions and business activities, including decreased deposits and reduced loan originations, our ability to manage liquidity in a rapidly changing and unpredictable market, supply chain disruptions, labor shortages and changes in interest rates by the Federal Reserve.
本新聞稿和公司發佈的其他書面材料,文件和口頭聲明中,除了歷史事實以外的某些聲明可能被視爲是"前瞻性聲明",並受制於《1995年私人證券訴訟改革法》提供的安全港保護。這些前瞻性聲明不能作爲未來績效的保證,也不能依賴作爲代表管理層在任何後續日期的觀點。這些陳述可能包括"期望"、"估計"、"項目"、"預計"、"出現"、"相信"、"可能"、"應該"、"可能"、"將"、"會"、"尋求"、"打算"、"概率"、"風險"、"目標"、"目標"、"目標"、"計劃"、"潛力"和類似表達方式。前瞻性陳述是關於公司信仰、計劃、期望、目標、目標、預計、假設、估計、意圖和未來績效的聲明,並受到重大已知和未知風險和不確定性的影響,這可能導致公司的實際結果與前瞻性陳述中討論的結果有很大差異。例如,我們擴張的影響、股份回購計劃的好處、資產質量的趨勢、資本、流動性、公司出售不良資產的能力、費用減少、計劃的運營效率和增長收益以及包括利率影響、稅制改革、通貨膨脹和與其他經濟因素相關或產生的影響在內的某些市場風險披露。根據目前管理層可獲得的信息,並取決於關鍵模型特徵和假設的選擇,並且受到各種限制。由於某些市場風險披露的性質,其只是估計值,可能與未來實際發生的情況有實質性不同之處。因此,我們的結果可能與估計有着實質性不同。導致未來結果與我們的前瞻性陳述所預期的最重要的因素包括高通脹水平、較高的利率和一般經濟和衰退的擔憂,所有這些都可能影響經濟增長並可能導致金融交易和業務活動減少,包括存款減少和貸款發放減少,我們在快速變化和不可預測的市場中管理流動性的能力,供應鏈中斷,勞動力短缺以及聯邦儲備委員會的利率變化。
Additional information concerning the Company and its business, including additional factors that could materially affect the Company's financial results, is included in the Company's Annual Report on Form 10-K for the year ended December 31, 2023, under "Part I - Item 1. Forward Looking Information" and "Part I - Item 1A. Risk Factors" and in the Company's other filings with the Securities and Exchange Commission. The Company disclaims any obligation to update any factors or to announce publicly the result of revisions to any of the forward-looking statements included herein to reflect future events or developments.
有關公司及其業務的其他信息,包括可能對公司財務業績產生重大影響的其他因素,包括在2012年12月31日結束的12個月內提交給美國證券交易委員會的10-K表格第I部分-項1中包含的"前瞻性信息"和"第I部分-項1A"所述。公司聲明任何義務更新任何因素或公開宣佈此處所包含的任何前瞻性聲明的修訂結果以反映將來事件或發展。
Southside Bancshares, Inc. Consolidated Financial Summary (Unaudited) (Dollars in thousands) |
||||||||||||||||||||
As of |
||||||||||||||||||||
2024 |
2023 |
|||||||||||||||||||
Mar 31, | Dec 31, | Sep 30, | Jun 30, |
Mar 31, |
||||||||||||||||
ASSETS | ||||||||||||||||||||
Cash and due from banks | $ | 96,744 | $ | 122,021 | $ | 105,601 | $ | 114,707 | $ | 101,109 | ||||||||||
Interest earning deposits | 307,257 | 391,719 | 106,094 | 14,059 | 151,999 | |||||||||||||||
Federal funds sold | 65,372 | 46,770 | 114,128 | 78,347 | 57,384 | |||||||||||||||
Securities available for sale, at estimated fair value | 1,405,221 | 1,296,294 | 1,335,560 | 1,339,821 | 1,437,222 | |||||||||||||||
Securities held to maturity, at net carrying value | 1,306,898 | 1,307,053 | 1,307,886 | 1,308,472 | 1,308,457 | |||||||||||||||
Total securities | 2,712,119 | 2,603,347 | 2,643,446 | 2,648,293 | 2,745,679 | |||||||||||||||
Federal Home Loan Bank stock, at cost | 27,958 | 11,936 | 12,778 | 10,801 | 16,696 | |||||||||||||||
Loans held for sale | 756 | 10,894 | 1,382 | 1,666 | 407 | |||||||||||||||
Loans | 4,577,368 | 4,524,510 | 4,420,633 | 4,329,043 | 4,152,644 | |||||||||||||||
Less: Allowance for loan losses | (43,557) | (42,674) | (41,760) | (36,303) | (36,332) | |||||||||||||||
Net loans | 4,533,811 | 4,481,836 | 4,378,873 | 4,292,740 | 4,116,312 | |||||||||||||||
Premises & equipment, net | 139,491 | 138,950 | 139,473 | 139,801 | 141,363 | |||||||||||||||
Goodwill | 201,116 | 201,116 | 201,116 | 201,116 | 201,116 | |||||||||||||||
Other intangible assets, net | 2,588 | 2,925 | 3,295 | 3,702 | 4,144 | |||||||||||||||
Bank owned life insurance | 136,604 | 136,330 | 135,737 | 134,951 | 134,635 | |||||||||||||||
Other assets | 130,047 | 137,070 | 130,545 | 167,069 | 121,501 | |||||||||||||||
Total assets | $ | 8,353,863 | $ | 8,284,914 | $ | 7,972,468 | $ | 7,807,252 | $ | 7,792,345 | ||||||||||
LIABILITIES AND SHAREHOLDERS' EQUITY | ||||||||||||||||||||
Noninterest bearing deposits | $ | 1,358,827 | $ | 1,390,407 | $ | 1,431,285 | $ | 1,466,756 | $ | 1,543,413 | ||||||||||
Interest bearing deposits | 5,186,933 | 5,159,274 | 4,918,286 | 4,650,931 | 4,294,807 | |||||||||||||||
Total deposits | 6,545,760 | 6,549,681 | 6,349,571 | 6,117,687 | 5,838,220 | |||||||||||||||
Other borrowings and Federal Home Loan Bank borrowings |
770,151 | 722,468 | 608,038 | 683,348 | 958,810 | |||||||||||||||
Subordinated notes, net of unamortized debt issuance costs |
93,913 | 93,877 | 93,838 | 93,796 | 98,710 | |||||||||||||||
Trust preferred subordinated debentures, net of unamortized debt issuance costs |
60,271 | 60,270 | 60,269 | 60,267 | 60,266 | |||||||||||||||
Other liabilities | 95,846 | 85,330 | 132,157 | 86,993 | 85,309 | |||||||||||||||
Total liabilities | 7,565,941 | 7,511,626 | 7,243,873 | 7,042,091 | 7,041,315 | |||||||||||||||
Shareholders' equity | 787,922 | 773,288 | 728,595 | 765,161 | 751,030 | |||||||||||||||
Total liabilities and shareholders' equity | $ | 8,353,863 | $ | 8,284,914 | $ | 7,972,468 | $ | 7,807,252 | $ | 7,792,345 |
Southside Bancshares公司 統一財務摘要(未經審計) (以千美元計) |
||||||||||||||||||||
截至 |
||||||||||||||||||||
2024 | 2023 |
|||||||||||||||||||
3月31日 | 12月31日, | 9月30日 | 6月30日 | 3月31日 |
||||||||||||||||
資產 | ||||||||||||||||||||
現金及存放中央銀行款項 | $ | 96,744 | $ | 122,021 | $ | 105,601 | $ | 114,707 | $ | 101,109 | ||||||||||
計息存款 | 307,257 | 391,719 | 106,094 | 14,059 | 151,999 | |||||||||||||||
聯邦基金出售 | 65,372 | 46,770 | 114,128 | 78,347 | 57,384 | |||||||||||||||
估值,可出售證券 | 1,405,221 | 1,296,294 | 1,335,560 | 1,339,821 | 1,437,222 | |||||||||||||||
持有到到期日投資證券,淨賬面價值 | 1,306,898 | 1,307,053 | 1,307,886 | 1,308,472 | 1,308,457 | |||||||||||||||
證券總計 | 2,712,119 | 2,603,347 | 2,643,446 | 2,648,293 | 2,745,679 | |||||||||||||||
聯邦住房貸款銀行存貨,成本 | 27,958 | 11,936 | 12,778 | 10,801 | 16,696 | |||||||||||||||
待售貸款 | 756 | 10,894 | 1,382 | 1,666 | 407 | |||||||||||||||
貸款 | 4,577,368 | 4,524,510 | 4,420,633 | 4,329,043 | 4,152,644 | |||||||||||||||
減:貸款損失準備 | (43,557) | (42,674) | (41,760) | (36,303) | (36,332) | |||||||||||||||
淨貸款 | 4,533,811 | 4,481,836 | 4,378,873 | 4,292,740 | 4,116,312 | |||||||||||||||
固定資產淨額 | 139,491 | 138,950 | 139,473 | 139,801 | 141,363 | |||||||||||||||
商譽 | 201,116 | 201,116 | 201,116 | 201,116 | 201,116 | |||||||||||||||
其他無形資產,淨額 | 2,588 | 2,925 | 3,295 | 3,702 | 4,144 | |||||||||||||||
銀行保險業 | 136,604 | 136,330 | 135,737 | 134,951 | 134,635 | |||||||||||||||
其他 | 130,047 | 137,070 | 130,545 | 167,069 | 121,501 | |||||||||||||||
總資產 | $ | 8,353,863 | $ | 8,284,914 | $ | 7,972,468 | $ | 7,807,252 | $ | 7,792,345 | ||||||||||
負債和股東權益 | ||||||||||||||||||||
無息存款 | $ | 1,358,827 | $ | 1,390,407 | $ | 1,431,285 | $ | 1,466,756 | $ | 1,543,413 | ||||||||||
利息支出存款 | 5,186,933 | 5,159,274 | 4,918,286 | 4,650,931 | 4,294,807 | |||||||||||||||
總存款 | 6,545,760 | 6,549,681 | 6,349,571 | 6,117,687 | 5,838,220 | |||||||||||||||
其他借款和聯邦住房貸款銀行 借款 |
770,151 | 722,468 | 608,038 | 683,348 | 958,810 | |||||||||||||||
次級票據,減去未攤銷債務發行成本 發行成本 |
93,913 | 93,877 | 93,838 | 93,796 | 98,710 | |||||||||||||||
信託優先級次級債券,減去未攤銷債務發行成本 未攤銷債務發行成本 |
60,271 | 60,270 | 60,269 | 60,267 | 60,266 | |||||||||||||||
其他負債 | 95,846 | 85,330 | 132,157 | 86,993 | 85,309 | |||||||||||||||
總負債 | 7,565,941 | 7,511,626 | 7,243,873 | 7,042,091 | 7,041,315 | |||||||||||||||
股東權益 | 787,922 | 773,288 | 728,595 | 765,161 | 751,030 | |||||||||||||||
總負債和股東權益 | $ | 8,353,863 | $ | 8,284,914 | $ | 7,972,468 | $ | 7,807,252 | $ | 7,792,345 |
Southside Bancshares, Inc. Consolidated Financial Highlights (Unaudited) (Dollars and shares in thousands, except per share data) |
||||||||||||||||||||
Three Months Ended |
||||||||||||||||||||
2024 | 2023 | |||||||||||||||||||
Mar 31, | Dec 31, | Sep 30, | Jun 30, |
Mar 31, |
||||||||||||||||
Income Statement: | ||||||||||||||||||||
Total interest income | $ | 102,758 | $ | 98,939 | $ | 93,078 | $ | 86,876 | $ | 80,848 | ||||||||||
Total interest expense | 49,410 | 44,454 | 39,805 | 32,960 | 27,495 | |||||||||||||||
Net interest income | 53,348 | 54,485 | 53,273 | 53,916 | 53,353 | |||||||||||||||
Provision for (reversal of) credit losses | 58 | 2,281 | 6,987 | (74) | (40) | |||||||||||||||
Net interest income after provision for (reversal of) credit losses | 53,290 | 52,204 | 46,286 | 53,990 | 53,393 | |||||||||||||||
Noninterest income | ||||||||||||||||||||
Deposit services | 5,985 | 6,305 | 6,479 | 6,291 | 6,422 | |||||||||||||||
Net gain (loss) on sale of securities available for sale | (18) | (10,386) | 11 | (3,455) | (2,146) | |||||||||||||||
Net gain on sale of equity securities | — | — | — | 2,642 | 2,416 | |||||||||||||||
Gain (loss) on sale of loans | (436) | 178 | 96 | 185 | 104 | |||||||||||||||
Trust fees | 1,336 | 1,431 | 1,522 | 1,490 | 1,467 | |||||||||||||||
Bank owned life insurance | 784 | 2,602 | 790 | 756 | 1,675 | |||||||||||||||
Brokerage services | 1,014 | 944 | 760 | 904 | 697 | |||||||||||||||
Other | 1,059 | 1,427 | 1,178 | 1,651 | 1,398 | |||||||||||||||
Total noninterest income | 9,724 | 2,501 | 10,836 | 10,464 | 12,033 | |||||||||||||||
Noninterest expense | ||||||||||||||||||||
Salaries and employee benefits | 23,113 | 21,152 | 21,241 | 21,376 | 21,856 | |||||||||||||||
Net occupancy | 3,362 | 3,474 | 3,796 | 3,690 | 3,734 | |||||||||||||||
Advertising, travel & entertainment | 950 | 1,127 | 1,062 | 854 | 1,050 | |||||||||||||||
ATM expense | 325 | 318 | 358 | 320 | 355 | |||||||||||||||
Professional fees | 1,154 | 1,315 | 1,472 | 1,192 | 1,372 | |||||||||||||||
Software and data processing | 2,856 | 2,644 | 2,432 | 2,264 | 2,055 | |||||||||||||||
Communications | 449 | 435 | 359 | 348 | 327 | |||||||||||||||
FDIC insurance | 943 | 892 | 902 | 1,220 | 544 | |||||||||||||||
Amortization of intangibles | 337 | 370 | 407 | 442 | 478 | |||||||||||||||
Other | 3,392 | 3,456 | 3,524 | 3,287 | 3,078 | |||||||||||||||
Total noninterest expense | 36,881 | 35,183 | 35,553 | 34,993 | 34,849 | |||||||||||||||
Income before income tax expense | 26,133 | 19,522 | 21,569 | 29,461 | 30,577 | |||||||||||||||
Income tax expense | 4,622 | 2,206 | 3,120 | 4,568 | 4,543 | |||||||||||||||
Net income | $ | 21,511 | $ | 17,316 | $ | 18,449 | $ | 24,893 | $ | 26,034 | ||||||||||
Common Share Data: | ||||||||||||||||||||
Weighted-average basic shares outstanding | 30,262 | 30,235 | 30,502 | 30,721 | 31,372 | |||||||||||||||
Weighted-average diluted shares outstanding | 30,305 | 30,276 | 30,543 | 30,754 | 31,464 | |||||||||||||||
Common shares outstanding end of period | 30,284 | 30,249 | 30,338 | 30,532 | 31,121 | |||||||||||||||
Earnings per common share | ||||||||||||||||||||
Basic | $ | 0.71 | $ | 0.57 | $ | 0.60 | $ | 0.81 | $ | 0.83 | ||||||||||
Diluted | 0.71 | 0.57 | 0.60 | 0.81 | 0.83 | |||||||||||||||
Book value per common share | 26.02 | 25.56 | 24.02 | 25.06 | 24.13 | |||||||||||||||
Tangible book value per common share | 19.29 | 18.82 | 17.28 | 18.35 | 17.54 | |||||||||||||||
Cash dividends paid per common share | 0.36 | 0.37 | 0.35 | 0.35 | 0.35 | |||||||||||||||
Selected Performance Ratios: | ||||||||||||||||||||
Return on average assets | 1.03 | % | 0.85 | % | 0.93 | % | 1.29 | % | 1.38 | % | ||||||||||
Return on average shareholders' equity | 11.02 | 9.31 | 9.50 | 13.32 | 13.92 | |||||||||||||||
Return on average tangible common equity (1) | 15.07 | 13.10 | 13.17 | 18.59 | 19.36 | |||||||||||||||
Average yield on earning assets (FTE) (1) | 5.38 | 5.30 | 5.15 | 5.00 | 4.76 | |||||||||||||||
Average rate on interest bearing liabilities | 3.22 | 3.04 | 2.84 | 2.45 | 2.14 | |||||||||||||||
Net interest margin (FTE) (1) | 2.86 | 2.99 | 3.02 | 3.17 | 3.21 | |||||||||||||||
Net interest spread (FTE) (1) | 2.16 | 2.26 | 2.31 | 2.55 | 2.62 | |||||||||||||||
Average earning assets to average interest bearing liabilities | 127.71 | 131.65 | 133.24 | 134.12 | 137.67 | |||||||||||||||
Noninterest expense to average total assets | 1.77 | 1.73 | 1.79 | 1.82 | 1.85 | |||||||||||||||
Efficiency ratio (FTE) (1) | 55.54 | 50.86 | 52.29 | 51.06 | 50.99 | |||||||||||||||
(1) Refer to "Non-GAAP Reconciliation" at the end of the financial statement tables in this Earnings Release for a reconciliation of this non-GAAP financial measure to the nearest GAAP financial measure. |
Southside Bancshares公司 財務摘要表(未經審計) (以千美元和千股計算,每股數據除外) |
||||||||||||||||||||
三個月之內結束 |
||||||||||||||||||||
2024 | 2023 | |||||||||||||||||||
3月31日 | 12月31日, | 9月30日 | 6月30日 | 3月31日 |
||||||||||||||||
損益表: | ||||||||||||||||||||
總利息收入 | $ | 102,758 | $ | 98,939 | $ | 93,078 | $ | 86,876 | $ | 80,848 | ||||||||||
總利息支出 | 49,410 | 44,454 | 39,805 | 32,960 | 27495 | |||||||||||||||
淨利息收入 | 53,348 | 54,485 | 53,273 | 53,916 | 53,353 | |||||||||||||||
信貸損失準備(倒回) | 58 | 2,281 | 6,987 | (74) | (40) | |||||||||||||||
經信貸損失準備後的淨利息收入 | 53,290 | 52,204 | 46,286 | 53,990 | 53,393 | |||||||||||||||
非利息收入 | ||||||||||||||||||||
存入資金服務業 | 今天的氣候很不錯 今天的氣候很不錯 | 6,305 | 6,479 | 6,291 | 6,422 | |||||||||||||||
可供出售證券的淨收益(損失) | (18) | (10,386) | 11 | (3,455) | (2,146) | |||||||||||||||
股票出售淨收益 | — | — | — | 2,642 | 2,416 | |||||||||||||||
貸款出售收益(損失) | (436) | 178 | 96 | 185 | 104 | |||||||||||||||
信託費用 | 1,336 | 1,431 | 1,522 | 1,490 | 1,467 | |||||||||||||||
銀行持有壽險業務 | 784 | 2,602 | 790 | 756 | 1,675 | |||||||||||||||
券商服務業 | 1,014 | 944 | 760 | 904 | 697 | |||||||||||||||
其他 | 1,059 | 1,427 | 1,178 | 1,651 | 1,398 | |||||||||||||||
總非利息收入 | 9,724 | 2,501 | 10,836 | 10,464 | 12,033 | |||||||||||||||
非利息支出 | ||||||||||||||||||||
薪資和員工福利 | 23,113 | 21,152 | 21,241 | 21,376 | 21,856 | |||||||||||||||
淨佔用費用 | 3,362 | 3,474 | 3,796 | 3,690 | 3,734 | |||||||||||||||
廣告、差旅和娛樂 | 950 | 1,127 | 1,062 | 854 | 1,050 | |||||||||||||||
ATM費用 | 325 | 318 | 358 | 320 | 355 | |||||||||||||||
專業費用 | 1,154 | 1,315 | 1,472 | 1,192 | 1,372 | |||||||||||||||
軟件和數據處理 | 2,856 | 2,644 | 2,432 | 2,264 | 2,055 | |||||||||||||||
通信-半導體 | 449 | 435 | 359 | 348 | 327 | |||||||||||||||
FDIC保險 | 943 | 892 | 902 | 1,220 | 544 | |||||||||||||||
無形資產攤銷 | 337 | 370 | 407 | 442 | 478 | |||||||||||||||
其他 | 3,392 | 3,456 | 3,524 | 3287 | 3,078 | |||||||||||||||
總非利息支出 | 36,881 | 35,183 | 35,553 | 34,993 | 34,849 | |||||||||||||||
稅前收入 | 26,133 | 19,522 | 21,569 | 29,461 | 30,577 | |||||||||||||||
所得稅費用 | 4,622 | 2,206 | 預付費用及其他資產 | 4,568 | 4,543 | |||||||||||||||
淨收入 | $ | 21,511 | $ | 17,316 | $ | 18,449 | $ | 24,893 | $ | 26,034 | ||||||||||
普通股份數據: | ||||||||||||||||||||
加權平均基本股本數 | 30,262 | 30,235 | 30,502 | 30,721 | 31,372 | |||||||||||||||
每股加權平均攤薄股數 | 30,305 | 30,276 | 30,543 | 30,754 | 31,464 | |||||||||||||||
期末普通股股本 | 30,284 | 30,249 | 30,338 | 30,532 | 31,121 | |||||||||||||||
每股普通股收益 | ||||||||||||||||||||
基本 | $ | 0.71 | $ | 0.57 | $ | 0.60 | $ | 0.81 | $ | 0.83 | ||||||||||
攤薄 | 0.71 | 0.57 | 0.60 | 0.81 | 0.83 | |||||||||||||||
每股普通股賬面價值 | 26.02 | 25.56 | 24.02 | 25.06 | 24.13 | |||||||||||||||
每股有形賬面價值 | 19.29 | 18.82 | 17.28 | 18.35 | 17.54 | |||||||||||||||
每股普通股現金股利 | 0.36 | 0.37 | 0.35 | 0.35 | 0.35 | |||||||||||||||
選定業績比率: | ||||||||||||||||||||
平均資產回報率 | 1.03 | % | 0.85 | % | 0.93 | % | 1.29 | % | 1.38 | % | ||||||||||
平均股東權益報酬率 | 11.02 | 9.31 | 9.50% | 13.32 | 13.92 | |||||||||||||||
平均有形公共股權報酬率(1) | 15.07 | 13.10 | 13.17 | 18.59 | 19.36 | |||||||||||||||
獲利資產平均收益率(FTE)(1) | 5.38 | 5.30 | 5.15 | 5.00 | 4.76 | |||||||||||||||
承擔利息負債的平均利率 | 3.22 | 3.04 | 2.84 | 2.45 | 2.14 | |||||||||||||||
淨利息收益率(FTE)(1) | 2.86 | 2.99 | 3.02 | 3.17 | 3.21 | |||||||||||||||
淨利差(FTE)(1) | 2.16 | 每股可歸新投資者的貢獻 | 2.31 | 2.55 | 2.62 | |||||||||||||||
獲利資產的平均收益率與承擔利息負債的平均利率之比 | 127.71 | 131.65 | 133.24 | 134.12 | 137.67 | |||||||||||||||
非利息支出與總資產的平均比率 | 1.77 | 1.73 | 1.79 | 1.82 | 1.85 | |||||||||||||||
效率比率 (FTE)(1) | 55.54 | 50.86 | 52.29 | 51.06 | 50.99 | |||||||||||||||
(1) 請參閱本財務報表結尾的“非依照 GAAP 計算之調節”以獲得這個非依照 GAAP 的財務指標與最近的 GAAP 的財務指標之相互調節。 財務指標的非 GAAP 財務指標與最近的 GAAP 財務指標之相互調節 |
Southside Bancshares, Inc. Consolidated Financial Highlights (Unaudited) (Dollars in thousands) |
||||||||||||||||||||
Three Months Ended |
||||||||||||||||||||
2024 | 2023 | |||||||||||||||||||
Mar 31, | Dec 31, | Sep 30, | Jun 30, |
Mar 31, |
||||||||||||||||
Nonperforming Assets: | $ | 7,979 | $ | 4,001 | $ | 4,381 | $ | 3,059 | $ | 3,180 | ||||||||||
Nonaccrual loans | 7,709 | 3,889 | 4,316 | 3,017 | 3,169 | |||||||||||||||
Accruing loans past due more than 90 days | — | — | — | — | — | |||||||||||||||
Restructured loans | 151 | 13 | 15 | — | — | |||||||||||||||
Other real estate owned | 119 | 99 | 50 | — | — | |||||||||||||||
Repossessed assets | — | — | — | 42 | 11 | |||||||||||||||
Asset Quality Ratios: | ||||||||||||||||||||
Ratio of nonaccruing loans to: | ||||||||||||||||||||
Total loans | 0.17 | % | 0.09 | % | 0.10 | % | 0.07 | % | 0.08 | % | ||||||||||
Ratio of nonperforming assets to: | ||||||||||||||||||||
Total assets | 0.10 | 0.05 | 0.05 | 0.04 | 0.04 | |||||||||||||||
Total loans | 0.17 | 0.09 | 0.10 | 0.07 | 0.08 | |||||||||||||||
Total loans and OREO | 0.17 | 0.09 | 0.10 | 0.07 | 0.08 | |||||||||||||||
Ratio of allowance for loan losses to: | ||||||||||||||||||||
Nonaccruing loans | 565.01 | 1,097.30 | 967.56 | 1,203.28 | 1,146.48 | |||||||||||||||
Nonperforming assets | 545.90 | 1,066.58 | 953.21 | 1,186.76 | 1,142.52 | |||||||||||||||
Total loans | 0.95 | 0.94 | 0.94 | 0.84 | 0.87 | |||||||||||||||
Net charge-offs (recoveries) to average loans outstanding | 0.03 | 0.11 | 0.08 | 0.03 | 0.03 | |||||||||||||||
Capital Ratios: | ||||||||||||||||||||
Shareholders' equity to total assets | 9.43 | 9.33 | 9.14 | 9.80 | 9.64 | |||||||||||||||
Common equity tier 1 capital | 12.43 | 12.28 | 12.27 | 12.32 | 12.73 | |||||||||||||||
Tier 1 risk-based capital | 13.47 | 13.32 | 13.31 | 13.37 | 13.81 | |||||||||||||||
Total risk-based capital | 15.92 | 15.73 | 15.71 | 15.68 | 16.28 | |||||||||||||||
Tier 1 leverage capital | 9.22 | 9.39 | 9.61 | 9.69 | 9.83 | |||||||||||||||
Period end tangible equity to period end tangible assets (1) | 7.17 | 7.04 | 6.75 | 7.37 | 7.19 | |||||||||||||||
Average shareholders' equity to average total assets | 9.35 | 9.13 | 9.76 | 9.72 | 9.94 | |||||||||||||||
(1) Refer to the "Non-GAAP Reconciliation" at the end of the financial statement tables in this Earnings Release for a reconciliation of this non- GAAP financial measure to the nearest GAAP financial measure. |
Southside Bancshares公司 財務摘要表(未經審計) (以千美元計) |
||||||||||||||||||||
三個月之內結束 |
||||||||||||||||||||
2024 | 2023 | |||||||||||||||||||
3月31日 | 12月31日, | 9月30日 | 6月30日 | 3月31日 |
||||||||||||||||
不良資產: | $ | 7,979 | $ | 4,001 | $ | 4,381 | $ | 3,059 | $ | 3,180 | ||||||||||
非應計貸款 | 7,709 | 3,889 | 4,316 | 3,017 | 3,169 | |||||||||||||||
逾90天未償貸款 | — | — | — | — | — | |||||||||||||||
重組貸款 | 151 | 13 | 15 | — | — | |||||||||||||||
其他房地產業擁有 | 119 | 99 | 50 | — | — | |||||||||||||||
資產回收 | — | — | — | 42 | 11 | |||||||||||||||
資產質量比率: | ||||||||||||||||||||
不應計貸款比率: | ||||||||||||||||||||
總貸款 | 0.17 | % | 0.09 | % | 0.10 | % | 0.07 | % | 0.08 | % | ||||||||||
不良資產比率: | ||||||||||||||||||||
總資產 | 0.10 | 0.05 | 0.05 | 0.04。 | 0.04。 | |||||||||||||||
總貸款 | 0.17 | 0.09 | 0.10 | 0.07 | 0.08 | |||||||||||||||
貸款總額和OREO比率: | 0.17 | 0.09 | 0.10 | 0.07 | 0.08 | |||||||||||||||
撥備覆蓋率比率: | ||||||||||||||||||||
不應計貸款: | 565.01 | 1,097.30 | 967.56 | 1,203.28 | 1,146.48 | |||||||||||||||
不良資產 | 545.90 | 1,066.58 | 953.21 | 1,186.76 | 1,142.52 | |||||||||||||||
總貸款 | 0.95 | 0.94 | 0.94 | 0.84 | 0.87 | |||||||||||||||
平均未償貸款淨覈銷(恢復) | 0.03 | 0.11 | 0.08 | 0.03 | 0.03 | |||||||||||||||
資本充足率: | ||||||||||||||||||||
股東權益佔總資產比率 | 9.43 | 9.33 | 9.14 | 9.80 | 9.64 | |||||||||||||||
普通股一級資本 | 12.43 | 12.28 | 12.27 | 12.32 | 12.73 | |||||||||||||||
一級風險資本 | 13.47 | 13.32 | 13.31 | 13.37 | 13.81 | |||||||||||||||
總資本 | 15.92 | 15.73 | 15.71 | 15.68 | 16.28 | |||||||||||||||
一級槓桿比率資本 | 9.22 | 9.39 | 9.61 | 9.69 | 9.83 | |||||||||||||||
期末有形淨值與期末有形資產 (1) | 7.17 | 7.04 | 2021年債務支付 | 7.37 | 7.19 | |||||||||||||||
平均股東權益與平均總資產比率 | 9.35 | 9.13 | 9.76 | 9.72 | 9.94 | |||||||||||||||
(1)請參閱本季度財務報表的“非GAAP調節”以換算非 最接近GAAP財務指標的GAAP財務指標。 |
Southside Bancshares, Inc. Consolidated Financial Highlights (Unaudited) (Dollars in thousands) |
||||||||||||||||||||
Three Months Ended |
||||||||||||||||||||
2024 | 2023 | |||||||||||||||||||
Loan Portfolio Composition | Mar 31, | Dec 31, | Sep 30, | Jun 30, |
Mar 31, |
|||||||||||||||
Real Estate Loans: | ||||||||||||||||||||
Construction | $ | 599,464 | $ | 789,744 | $ | 720,515 | $ | 657,354 | $ | 591,894 | ||||||||||
1-4 Family Residential | 720,508 | 696,738 | 689,492 | 684,878 | 672,595 | |||||||||||||||
Commercial | 2,413,345 | 2,168,451 | 2,117,306 | 2,100,338 | 1,990,861 | |||||||||||||||
Commercial Loans | 358,053 | 366,893 | 385,816 | 383,724 | 388,182 | |||||||||||||||
Municipal Loans | 427,225 | 441,168 | 441,512 | 435,211 | 438,566 | |||||||||||||||
Loans to Individuals | 58,773 | 61,516 | 65,992 | 67,538 | 70,546 | |||||||||||||||
Total Loans | $ | 4,577,368 | $ | 4,524,510 | $ | 4,420,633 | $ | 4,329,043 | $ | 4,152,644 | ||||||||||
Summary of Changes in Allowances: | ||||||||||||||||||||
Allowance for Loan Losses | ||||||||||||||||||||
Balance at beginning of period | $ | 42,674 | $ | 41,760 | $ | 36,303 | $ | 36,332 | $ | 36,515 | ||||||||||
Loans charged-off | (634) | (1,572) | (1,262) | (737) | (633) | |||||||||||||||
Recoveries of loans charged-off | 347 | 284 | 378 | 430 | 362 | |||||||||||||||
Net loans (charged-off) recovered | (287) | (1,288) | (884) | (307) | (271) | |||||||||||||||
Provision for (reversal of) loan losses | 1,170 | 2,202 | 6,341 | 278 | 88 | |||||||||||||||
Balance at end of period | $ | 43,557 | $ | 42,674 | $ | 41,760 | $ | 36,303 | $ | 36,332 | ||||||||||
Allowance for Off-Balance-Sheet Credit Exposures | ||||||||||||||||||||
Balance at beginning of period | $ | 3,932 | $ | 3,853 | $ | 3,207 | $ | 3,559 | $ | 3,687 | ||||||||||
Provision for (reversal of) off-balance-sheet credit exposures |
(1,112) | 79 | 646 | (352) | (128) | |||||||||||||||
Balance at end of period | $ | 2,820 | $ | 3,932 | $ | 3,853 | $ | 3,207 | $ | 3,559 | ||||||||||
Total Allowance for Credit Losses | $ | 46,377 | $ | 46,606 | $ | 45,613 | $ | 39,510 | $ | 39,891 |
Southside Bancshares公司 財務摘要表(未經審計) (以千美元計) |
||||||||||||||||||||
三個月之內結束 |
||||||||||||||||||||
2024 | 2023 | |||||||||||||||||||
貸款組合構成 | 3月31日 | 12月31日, | 9月30日 | 6月30日 | 3月31日 |
|||||||||||||||
房地產貸款: | ||||||||||||||||||||
建造業 | $ | 599,464 | $ | 789,744 | $ | 720,515 | $ | 657,354 | $ | 591,894 | ||||||||||
1-4家庭住宅 | 720,508 | 696,738 | 689,492 | 684,878 | 672,595 | |||||||||||||||
商業 | 2,413,345 | 2,168,451 | 2,117,306 | 2,100,338 | 1,990,861 | |||||||||||||||
商業貸款 | 358,053 | 366,893 | 385,816 | 383,724 | 388,182 | |||||||||||||||
市政貸款 | 427,225 | 441,168 | 441,512 | 435,211 | 438,566 | |||||||||||||||
個人貸款 | 58,773 | 61,516股 | 65,992 | 67,538 | 70,546 | |||||||||||||||
貸款總額 | $ | 4,577,368 | $ | 4,524,510 | $ | 4,420,633 | $ | 4,329,043 | $ | 4,152,644 | ||||||||||
補貼變化總結: | ||||||||||||||||||||
貸款損失準備金 | ||||||||||||||||||||
期初餘額 | $ | 42,674 | $ | 41,760 | $ | 36,303 | $ | 36,332 | $ | 36,515 | ||||||||||
覈銷貸款 | (634) | (1,572) | (1,262) | (737) | (633) | |||||||||||||||
覈銷貸款回收 | 347 | 284 | 378 | 430 | 362 | |||||||||||||||
淨貸款(覈銷)收回 | (287) | (1,288) | (884) | (307) | (271) | |||||||||||||||
貸款損失準備金(衝回) | 1,170 | 2,202 | 6,341 | 278 | 88 | |||||||||||||||
期末餘額 | $ | 43,557 | $ | 42,674 | $ | 41,760 | $ | 36,303 | $ | 36,332 | ||||||||||
攤銷表外信貸敞口準備金 | ||||||||||||||||||||
期初餘額 | $ | 3,932 | $ | 3,853 | $ | 3,207 | $ | 3,559 | $ | 3,687 | ||||||||||
表外信貸敞口準備金(衝回) 敞口 |
(1,112) | 79 | 646 | (352) | (128) | |||||||||||||||
期末餘額 | $ | 2,820 | $ | 3,932 | $ | 3,853 | $ | 3,207 | $ | 3,559 | ||||||||||
信貸損失總準備金 | $ | 46,377 | $ | 46,606 | $ | 45,613 | $ | 39,510 | $ | 39,891 |
The tables that follow show average earning assets and interest bearing liabilities together with the average yield on the earning assets and the average rate of the interest bearing liabilities for the periods presented. The interest and related yields presented are on a fully taxable-equivalent basis and are therefore non-GAAP measures. See "Non-GAAP Financial Measures" and "Non-GAAP Reconciliation" for more information.
接下來的表格展示了期間內的平均盈利性資產和計息負債以及盈利性資產的平均收益率和計息負債的平均利率。顯示的利息和相關收益率是根據完全應稅等效基礎計算的,因此是非依據 GAAP 的度量標準。有關更多信息,請參閱“非依據 GAAP 的財務度量標準”和“非依據 GAAP 的調和”。
Southside Bancshares, Inc. Average Balances and Average Yields and Rates (Annualized) (Unaudited) (Dollars in thousands) |
||||||||||||||||||||||||
Three Months Ended |
||||||||||||||||||||||||
March 31, 2024 |
December 31, 2023 |
|||||||||||||||||||||||
Average Balance |
Interest | Average Yield/Rate |
Average Balance |
Interest |
Average Yield/Rate |
|||||||||||||||||||
ASSETS | ||||||||||||||||||||||||
Loans (1) | $ | 4,559,602 | $ | 68,849 | 6.07 | % | $ | 4,473,618 | $ | 67,886 | 6.02 | % | ||||||||||||
Loans held for sale | 8,834 | 18 | 0.82 | % | 1,858 | 27 | 5.77 | % | ||||||||||||||||
Securities: | ||||||||||||||||||||||||
Taxable investment securities (2) | 780,423 | 6,967 | 3.59 | % | 852,023 | 7,970 | 3.71 | % | ||||||||||||||||
Tax-exempt investment securities (2) | 1,285,922 | 13,168 | 4.12 | % | 1,456,187 | 15,688 | 4.27 | % | ||||||||||||||||
Mortgage-backed and related securities (2) | 764,713 | 10,119 | 5.32 | % | 581,548 | 6,865 | 4.68 | % | ||||||||||||||||
Total securities | 2,831,058 | 30,254 | 4.30 | % | 2,889,758 | 30,523 | 4.19 | % | ||||||||||||||||
Federal Home Loan Bank stock, at cost, and equity investments |
40,063 | 333 | 3.34 | % | 24,674 | 296 | 4.76 | % | ||||||||||||||||
Interest earning deposits | 380,181 | 5,202 | 5.50 | % | 150,763 | 2,054 | 5.41 | % | ||||||||||||||||
Federal funds sold | 62,599 | 838 | 5.38 | % | 93,149 | 1,286 | 5.48 | % | ||||||||||||||||
Total earning assets | 7,882,337 | 105,494 | 5.38 | % | 7,633,820 | 102,072 | 5.30 | % | ||||||||||||||||
Cash and due from banks | 114,379 | 110,380 | ||||||||||||||||||||||
Accrued interest and other assets | 441,783 | 374,120 | ||||||||||||||||||||||
Less: Allowance for loan losses | (42,973) | (41,822) | ||||||||||||||||||||||
Total assets | $ | 8,395,526 | $ | 8,076,498 | ||||||||||||||||||||
LIABILITIES AND SHAREHOLDERS' EQUITY | ||||||||||||||||||||||||
Savings accounts | $ | 604,529 | 1,424 | 0.95 | % | $ | 610,453 | 1,432 | 0.93 | % | ||||||||||||||
Certificates of deposit | 941,947 | 10,341 | 4.42 | % | 910,759 | 9,691 | 4.22 | % | ||||||||||||||||
Interest bearing demand accounts | 3,634,936 | 26,433 | 2.92 | % | 3,469,120 | 24,498 | 2.80 | % | ||||||||||||||||
Total interest bearing deposits | 5,181,412 | 38,198 | 2.97 | % | 4,990,332 | 35,621 | 2.83 | % | ||||||||||||||||
Federal Home Loan Bank borrowings | 607,033 | 5,950 | 3.94 | % | 262,709 | 1,430 | 2.16 | % | ||||||||||||||||
Subordinated notes, net of unamortized debt issuance costs | 93,895 | 956 | 4.10 | % | 93,859 | 965 | 4.08 | % | ||||||||||||||||
Trust preferred subordinated debentures, net of unamortized debt issuance costs |
60,270 | 1,175 | 7.84 | % | 60,269 | 1,195 | 7.87 | % | ||||||||||||||||
Repurchase agreements | 92,177 | 967 | 4.22 | % | 96,622 | 1,008 | 4.14 | % | ||||||||||||||||
Other borrowings | 137,287 | 2,164 | 6.34 | % | 294,683 | 4,235 | 5.70 | % | ||||||||||||||||
Total interest bearing liabilities | 6,172,074 | 49,410 | 3.22 | % | 5,798,474 | 44,454 | 3.04 | % | ||||||||||||||||
Noninterest bearing deposits | 1,338,384 | 1,424,961 | ||||||||||||||||||||||
Accrued expenses and other liabilities | 100,014 | 115,388 | ||||||||||||||||||||||
Total liabilities | 7,610,472 | 7,338,823 | ||||||||||||||||||||||
Shareholders' equity | 785,054 | 737,675 | ||||||||||||||||||||||
Total liabilities and shareholders' equity | $ | 8,395,526 | $ | 8,076,498 | ||||||||||||||||||||
Net interest income (FTE) | $ | 56,084 | $ | 57,618 | ||||||||||||||||||||
Net interest margin (FTE) | 2.86 | % | 2.99 | % | ||||||||||||||||||||
Net interest spread (FTE) | 2.16 | % | 2.26 | % | ||||||||||||||||||||
(1) Interest on loans includes net fees on loans that are not material in amount. | ||||||||||||||||||||||||
(2) For the purpose of calculating the average yield, the average balance of securities is presented at historical cost. |
Southside Bancshares公司 平均餘額和平均收益率和利率(年化)(未經審計)。 (以千美元計) |
||||||||||||||||||||||||
三個月之內結束 |
||||||||||||||||||||||||
酒精飲料銷售 $ 32,907 45.5% $ 30,136 42.1% $ 66,223 | 2023年12月31日 |
|||||||||||||||||||||||
平均 平衡 |
利息 | 平均 收益率/利率 |
平均 平衡 |
利息 | 平均 收益率/利率 |
|||||||||||||||||||
資產 | ||||||||||||||||||||||||
貸款 (1) | $ | 4,559,602 | $ | 68,849 | 6.07 | % | $ | 4,473,618 | $ | 67,886 | BLAC在交易完成前的經營 | % | ||||||||||||
待售貸款 | 8,834 | 18 | 0.82 | % | 1,858 | 27 | 5.77 | % | ||||||||||||||||
證券: | ||||||||||||||||||||||||
應稅投資證券(2) | 780,423 | 6,967 | 3.59 | % | 852,023 | 7,970 | 3.71 | % | ||||||||||||||||
免稅投資證券 (2) | 1,285,922 | 13,168 | 4.12 | % | 1,456,187 | 15688 | 4.27 | % | ||||||||||||||||
抵押貸款支持及相關證券 (2) | 764,713 | 10,119 | 5.32 | % | 581,548 | 6,865 | 4.68 | % | ||||||||||||||||
證券總計 | 2,831,058 | 30,254 | 4.30 | % | 2,889,758 | 30,523 | 4.19 | % | ||||||||||||||||
聯邦住房貸款銀行股,按成本計量,以及權益投資 資產投資 |
40,063 | 333 | 3.34 | % | 24,674 | 296 | 4.76 | % | ||||||||||||||||
計息存款 | 380,181 | 5,202 | 5.50(2023年6月20日 - $ | % | 150,763 | 2,054 | 5.41 | % | ||||||||||||||||
聯邦基金出售 | 62,599 | 838 | 5.38 | % | 93,149 | 1,286 | 5.48 | % | ||||||||||||||||
總資產收益率 | 7,882,337 | 105,494 | 5.38 | % | 7,633,820 | 102,072 | 5.30 | % | ||||||||||||||||
現金及存放中央銀行款項 | 114,379 | 可轉換票據淨額,折扣後。 | ||||||||||||||||||||||
應計利息和其他資產 | 441,783 | 374,120 | ||||||||||||||||||||||
減:貸款損失準備 | (42,973) | (41,822) | ||||||||||||||||||||||
總資產 | $ | 8,395,526 | $ | 8,076,498 | ||||||||||||||||||||
負債和股東權益 | ||||||||||||||||||||||||
儲蓄帳户 | $ | 604,529 | 1,424 | 0.95 | % | $ | 610,453 | 1,432 | 0.93 | % | ||||||||||||||
定期存單 | 941,947 | 10,341 | 4.42 | % | 910,759 | 9,691 | 4.22 | % | ||||||||||||||||
計息需求帳户 | 3,634,936 | 26,433 | 2.92 | % | 3,469,120 | 24,498 | 2.80 | % | ||||||||||||||||
總計利息負債 | 5,181,412 | 38,198 | 2.97 | % | 4,990,332 | 35,621 | 2.83 | % | ||||||||||||||||
聯邦住房貸款銀行借款 | 607,033 | 5,950 | 3.94 | % | 262,709 | 1,430 | 2.16 | % | ||||||||||||||||
次級票據,減未攤銷債券發行成本淨額 | 93,895 | 956 | 4.10 | % | 93,859 | 965 | 4.08 | % | ||||||||||||||||
信託優先次級債券,減少未攤銷 債務發行成本 |
60,270 | 1,175 | 7.84 | % | 60,269 | 1,195 | 7.87 | % | ||||||||||||||||
回購協議 | 92,177 | 967 | 4.22 | % | 96,622 | 1,008 | 4.14 | % | ||||||||||||||||
其他借款 | 137,287 | 2,164 | 6.34 | % | 294,683 | 4,235 | 5.70 | % | ||||||||||||||||
總利息負債 | 6,172,074 | 49,410 | 3.22 | % | 5,798,474 | 44,454 | 3.04 | % | ||||||||||||||||
無息存款 | 1,338,384 | 1,424,961 | ||||||||||||||||||||||
應計費用及其他負債 | 100,014 | 115,388 | ||||||||||||||||||||||
負債合計 | 7,610,472 | 7,338,823 | ||||||||||||||||||||||
股東權益 | 785,054 | 737,675 | ||||||||||||||||||||||
負債和股東權益合計 | $ | 8,395,526 | $ | 8,076,498 | ||||||||||||||||||||
淨利息收益率(全職當量) | $ | 56,084 | $ | 57,618 | ||||||||||||||||||||
淨利息收益率(全職當量) | 2.86 | % | 2.99 | % | ||||||||||||||||||||
淨利息差(全職當量) | 2.16 | % | 每股可歸新投資者的貢獻 | % | ||||||||||||||||||||
(1)貸款利息包括不重要的淨貸款費用。 | ||||||||||||||||||||||||
(2)爲計算平均收益率,證券的平均餘額按歷史成本呈現。 |
Note: As of March 31, 2024 and December 31, 2023, loans totaling $7.7 million and $3.9 million, respectively, were on nonaccrual status. Our policy is to reverse previously accrued but unpaid interest on nonaccrual loans; thereafter, interest income is recorded to the extent received when appropriate.
注:截至2024年3月31日和2023年12月31日,共7.7百萬美元和3.9百萬美元的貸款處於非應計狀態。我們的政策是撤銷以前應計但未到期的非應計貸款的利息。此後,在適當時候,按實際收到的程度記錄利息收入。
Southside Bancshares, Inc. Average Balances and Average Yields and Rates (Annualized) (Unaudited) (Dollars in thousands) |
||||||||||||||||||||||||
Three Months Ended |
||||||||||||||||||||||||
September 30, 2023 |
June 30, 2023 |
|||||||||||||||||||||||
Average Balance |
Interest | Average Yield/Rate |
Average Balance |
Interest |
Average Yield/Rate |
|||||||||||||||||||
ASSETS | ||||||||||||||||||||||||
Loans (1) | $ | 4,396,184 | $ | 64,758 | 5.84 | % | $ | 4,197,130 | $ | 59,334 | 5.67 | % | ||||||||||||
Loans held for sale | 1,537 | 26 | 6.71 | % | 1,664 | 23 | 5.54 | % | ||||||||||||||||
Securities: | ||||||||||||||||||||||||
Taxable investment securities (2) | 912,789 | 8,731 | 3.79 | % | 925,445 | 8,773 | 3.80 | % | ||||||||||||||||
Tax-exempt investment securities (2) | 1,510,044 | 16,232 | 4.26 | % | 1,562,232 | 16,182 | 4.15 | % | ||||||||||||||||
Mortgage-backed and related securities (2) | 442,908 | 4,426 | 3.96 | % | 401,427 | 3,830 | 3.83 | % | ||||||||||||||||
Total securities | 2,865,741 | 29,389 | 4.07 | % | 2,889,104 | 28,785 | 4.00 | % | ||||||||||||||||
Federal Home Loan Bank stock, at cost, and equity investments |
22,363 | 265 | 4.70 | % | 21,480 | 379 | 7.08 | % | ||||||||||||||||
Interest earning deposits | 37,891 | 535 | 5.60 | % | 56,604 | 742 | 5.26 | % | ||||||||||||||||
Federal funds sold | 94,441 | 1,253 | 5.26 | % | 59,186 | 748 | 5.07 | % | ||||||||||||||||
Total earning assets | 7,418,157 | 96,226 | 5.15 | % | 7,225,168 | 90,011 | 5.00 | % | ||||||||||||||||
Cash and due from banks | 106,348 | 103,559 | ||||||||||||||||||||||
Accrued interest and other assets | 400,850 | 419,420 | ||||||||||||||||||||||
Less: Allowance for loan losses | (36,493) | (36,512) | ||||||||||||||||||||||
Total assets | $ | 7,888,862 | $ | 7,711,635 | ||||||||||||||||||||
LIABILITIES AND SHAREHOLDERS' EQUITY | ||||||||||||||||||||||||
Savings accounts | $ | 622,246 | 1,458 | 0.93 | % | $ | 648,560 | 1,430 | 0.88 | % | ||||||||||||||
Certificates of deposit | 949,894 | 9,443 | 3.94 | % | 797,992 | 6,365 | 3.20 | % | ||||||||||||||||
Interest bearing demand accounts | 3,189,048 | 20,050 | 2.49 | % | 2,841,818 | 13,884 | 1.96 | % | ||||||||||||||||
Total interest bearing deposits | 4,761,188 | 30,951 | 2.58 | % | 4,288,370 | 21,679 | 2.03 | % | ||||||||||||||||
Federal Home Loan Bank borrowings | 230,184 | 1,174 | 2.02 | % | 211,309 | 1,032 | 1.96 | % | ||||||||||||||||
Subordinated notes, net of unamortized debt issuance costs | 93,817 | 962 | 4.07 | % | 97,804 | 994 | 4.08 | % | ||||||||||||||||
Trust preferred subordinated debentures, net of unamortized debt issuance costs |
60,268 | 1,178 | 7.75 | % | 60,266 | 1,100 | 7.32 | % | ||||||||||||||||
Repurchase agreements | 104,070 | 1,048 | 4.00 | % | 97,915 | 883 | 3.62 | % | ||||||||||||||||
Other borrowings | 317,913 | 4,492 | 5.61 | % | 631,447 | 7,272 | 4.62 | % | ||||||||||||||||
Total interest bearing liabilities | 5,567,440 | 39,805 | 2.84 | % | 5,387,111 | 32,960 | 2.45 | % | ||||||||||||||||
Noninterest bearing deposits | 1,441,738 | 1,490,445 | ||||||||||||||||||||||
Accrued expenses and other liabilities | 109,490 | 84,252 | ||||||||||||||||||||||
Total liabilities | 7,118,668 | 6,961,808 | ||||||||||||||||||||||
Shareholders' equity | 770,194 | 749,827 | ||||||||||||||||||||||
Total liabilities and shareholders' equity | $ | 7,888,862 | $ | 7,711,635 | ||||||||||||||||||||
Net interest income (FTE) | $ | 56,421 | $ | 57,051 | ||||||||||||||||||||
Net interest margin (FTE) | 3.02 | % | 3.17 | % | ||||||||||||||||||||
Net interest spread (FTE) | 2.31 | % | 2.55 | % | ||||||||||||||||||||
(1) Interest on loans includes net fees on loans that are not material in amount. | ||||||||||||||||||||||||
(2) For the purpose of calculating the average yield, the average balance of securities is presented at historical cost. |
Southside Bancshares公司 平均餘額和平均收益率和利率(年化)(未經審計)。 (以千美元計) |
||||||||||||||||||||||||
三個月之內結束 |
||||||||||||||||||||||||
2023年9月30日 | 2023年6月30日 |
|||||||||||||||||||||||
平均 平衡 |
利息 | 平均 收益率/利率 |
平均 平衡 |
利息 | 平均 收益率/利率 |
|||||||||||||||||||
資產 | ||||||||||||||||||||||||
貸款 (1) | $ | 4,396,184 | $ | 64,758 | 5.84 | % | $ | 4,197,130 | $ | 59,334 | 5.67 | % | ||||||||||||
待售貸款 | 1,537 | 26 | 商業票據加權平均利率5.45%,2024年5月4日爲5.43%,2023年8月26日爲5.43% | % | 1,664 | 23 | 5.54 | % | ||||||||||||||||
證券: | ||||||||||||||||||||||||
應稅投資證券(2) | 912,789 | 8,731 | 3.79 | % | 925,445 | 8,773 | 3.80 | % | ||||||||||||||||
免稅投資證券(2) | 1,510,044 | 16,232 | 4.26 | % | 1,562,232 | 16,182 | 4.15 | % | ||||||||||||||||
抵押支持的和相關的證券 (2) | 442,908 | 4,426 | 3.96 | % | 401,427 | 3,830 | 3.83 | % | ||||||||||||||||
證券總額 | 2,865,741 | 29,389 | 4.07 | % | 2,889,104 | 28,785 | 4.00 | % | ||||||||||||||||
聯邦住房貸款銀行股,按成本計量,以及權益投資 資產投資 |
22,363 | 265 | 4.70 | % | 21,480 | 379 | 7.08 | % | ||||||||||||||||
計息存款 | 37,891 | 535 | 5.60 | % | 56,604 | 742 | 5.26 | % | ||||||||||||||||
聯邦基金出售 | 94,441 | 1,253 | 5.26 | % | 59,186 | 748 | 5.07 | % | ||||||||||||||||
總資產收益率 | 7,418,157 | 96,226 | 5.15 | % | 7,225,168 | 90,011 | 5.00 | % | ||||||||||||||||
現金及存放中央銀行款項 | 106,348 | 103,559 | ||||||||||||||||||||||
應計利息和其他資產 | 400,850 | 419,420 | ||||||||||||||||||||||
減:貸款損失撥備 | (36,493) | (36,512) | ||||||||||||||||||||||
總資產 | $ | 7,888,862 | $ | 7,711,635 | ||||||||||||||||||||
負債和股東權益 | ||||||||||||||||||||||||
儲蓄帳户 | $ | 622,246 | 1,458 | 0.93 | % | $ | 648,560 | 1,430 | 0.88 | % | ||||||||||||||
定期存單 | 949,894 | 9,443 | 3.94 | % | 797,992 | 6,365 | 3.20 | % | ||||||||||||||||
計息需求帳户 | 3,189,048 | 20,050 | 2.49 | % | 2,841,818 | 13,884 | 1.96 | % | ||||||||||||||||
總計利息負債 | 4,761,188 | 30,951 | 2.58 | % | 4,288,370 | 21,679 | 2.03 | % | ||||||||||||||||
聯邦住房貸款銀行借款 | 230,184 | 1,174 | 2.02 | % | 211,309 | 1,032 | 1.96 | % | ||||||||||||||||
次級票據,減未攤銷債券發行成本淨額 | 93,817 | 962 | 4.07 | % | 97,804 | 994 | 4.08 | % | ||||||||||||||||
信託優先次級債券,減少未攤銷 債務發行成本 |
60,268 | 1,178 | 7.75 | % | 60,266 | 1,100 | 7.32 | % | ||||||||||||||||
回購協議 | 104,070 | 1,048 | 4.00 | % | 97,915 | 883 | 3.62 | % | ||||||||||||||||
其他借款 | 317,913 | 4,492 | 5.61 | % | 631,447 | 7,272 | 4.62 | % | ||||||||||||||||
總利息負債 | 5,567,440 | 39,805 | 2.84 | % | 5,387,111 | 32,960 | 2.45 | % | ||||||||||||||||
無息存款 | 1,441,738 | 1,490,445 | ||||||||||||||||||||||
應計費用及其他負債 | 109,490 | 84,252 | ||||||||||||||||||||||
負債合計 | 7,118,668 | 6,961,808 | ||||||||||||||||||||||
股東權益 | 770,194 | 749,827 | ||||||||||||||||||||||
負債和股東權益合計 | $ | 7,888,862 | $ | 7,711,635 | ||||||||||||||||||||
淨利息收益率(全職當量) | $ | 56,421 | $ | 57,051 | ||||||||||||||||||||
淨利息收益率(全職當量) | 3.02 | % | 3.17 | % | ||||||||||||||||||||
淨利息差(全職當量) | 2.31 | % | 2.55 | % | ||||||||||||||||||||
(1)貸款利息包括不重要的貸款淨費用。 | ||||||||||||||||||||||||
(2)爲了計算平均收益率,證券的平均餘額按歷史成本呈現。 |
Note: As of September 30, 2023 and June 30, 2023, loans totaling $4.3 million and $3.0 million, respectively, were on nonaccrual status. Our policy is to reverse previously accrued but unpaid interest on nonaccrual loans; thereafter, interest income is recorded to the extent received when appropriate.
注意:截至2023年9月30日和2023年6月30日,貸款總額分別爲430萬美元和300萬美元,處於非計息狀態。我們的政策是撤銷以前計提但未支付的非計息貸款利息;在適當時記錄已收到的利息收入。
Southside Bancshares, Inc. Average Balances and Average Yields and Rates (Annualized) (Unaudited) (Dollars in thousands) |
||||||||||||
Three Months Ended |
||||||||||||
March 31, 2023 |
||||||||||||
Average Balance |
Interest |
Average Yield/Rate |
||||||||||
ASSETS | ||||||||||||
Loans (1) | $ | 4,128,775 | $ | 55,453 | 5.45 | % | ||||||
Loans held for sale | 1,662 | 20 | 4.88 | % | ||||||||
Securities: | ||||||||||||
Taxable investment securities (2) | 690,864 | 5,712 | 3.35 | % | ||||||||
Tax-exempt investment securities (2) | 1,692,700 | 16,466 | 3.95 | % | ||||||||
Mortgage-backed and related securities (2) | 455,811 | 4,329 | 3.85 | % | ||||||||
Total securities | 2,839,375 | 26,507 | 3.79 | % | ||||||||
Federal Home Loan Bank stock, at cost, and equity investments | 31,470 | 245 | 3.16 | % | ||||||||
Interest earning deposits | 87,924 | 1,033 | 4.76 | % | ||||||||
Federal funds sold | 72,630 | 837 | 4.67 | % | ||||||||
Total earning assets | 7,161,836 | 84,095 | 4.76 | % | ||||||||
Cash and due from banks | 107,765 | |||||||||||
Accrued interest and other assets | 398,709 | |||||||||||
Less: Allowance for loan losses | (36,690) | |||||||||||
Total assets | $ | 7,631,620 | ||||||||||
LIABILITIES AND SHAREHOLDERS' EQUITY | ||||||||||||
Savings accounts | $ | 665,919 | 1,313 | 0.80 | % | |||||||
Certificates of deposit | 787,887 | 5,407 | 2.78 | % | ||||||||
Interest bearing demand accounts | 2,983,218 | 13,186 | 1.79 | % | ||||||||
Total interest bearing deposits | 4,437,024 | 19,906 | 1.82 | % | ||||||||
Federal Home Loan Bank borrowings | 404,199 | 3,141 | 3.15 | % | ||||||||
Subordinated notes, net of unamortized debt issuance costs | 98,693 | 999 | 4.11 | % | ||||||||
Trust preferred subordinated debentures, net of unamortized debt issuance costs | 60,265 | 1,031 | 6.94 | % | ||||||||
Repurchase agreements | 65,435 | 492 | 3.05 | % | ||||||||
Other borrowings | 136,700 | 1,926 | 5.71 | % | ||||||||
Total interest bearing liabilities | 5,202,316 | 27,495 | 2.14 | % | ||||||||
Noninterest bearing deposits | 1,588,725 | |||||||||||
Accrued expenses and other liabilities | 81,829 | |||||||||||
Total liabilities | 6,872,870 | |||||||||||
Shareholders' equity | 758,750 | |||||||||||
Total liabilities and shareholders' equity | $ | 7,631,620 | ||||||||||
Net interest income (FTE) | $ | 56,600 | ||||||||||
Net interest margin (FTE) | 3.21 | % | ||||||||||
Net interest spread (FTE) | 2.62 | % | ||||||||||
(1) Interest on loans includes net fees on loans that are not material in amount. | ||||||||||||
(2) For the purpose of calculating the average yield, the average balance of securities is presented at historical cost. |
Southside Bancshares公司 平均餘額和平均收益率和利率(年化)(未經審計)。 (以千美元計) |
||||||||||||
三個月之內結束 |
||||||||||||
2023年3月31日 |
||||||||||||
平均 平衡 |
利息 | 平均 收益率/利率 |
||||||||||
資產 | ||||||||||||
貸款 (1) | $ | 4,128,775 | $ | 55,453 | 5.45 | % | ||||||
待售貸款 | 1,662 | 20 | 4.88 | % | ||||||||
證券: | ||||||||||||
應稅投資證券 (2) | 690,864 | 5,712 | 3.35 | % | ||||||||
免稅投資證券 (2) | 1,692,700 | 16,466 | 3.95 | % | ||||||||
抵押支持的和相關的證券 (2) | 455,811 | 4,329 | 3.85 | % | ||||||||
證券總額 | 2,839,375 | 26,507 | 3.79 | % | ||||||||
聯邦住房貸款銀行股票,按成本計價和權益投資 | 31,470 | 245 | 3.16 | % | ||||||||
計息存款 | 87,924 | 1,033 | 4.76 | % | ||||||||
聯邦基金出售 | 72,630 | 837 | 4.67 | % | ||||||||
總資產收益率 | 7,161,836 | 84,095 | 4.76 | % | ||||||||
現金及存放中央銀行款項 | 107,765 | |||||||||||
應計利息和其他資產 | 398,709 | |||||||||||
減:貸款損失撥備 | (36,690) | |||||||||||
總資產 | $ | 7631620 | ||||||||||
負債和股東權益 | ||||||||||||
儲蓄帳户 | $ | 665,919 | 1,313 | 0.80 | % | |||||||
定期存單 | 787,887 | 5,407 | 2.78 | % | ||||||||
計息需求帳户 | 2,983,218 | 13,186 | 1.79 | % | ||||||||
總計利息負債 | 4,437,024 | 19,906 | 1.82 | % | ||||||||
聯邦住房貸款銀行借款 | 404,199 | 3,141 | 3.15 | % | ||||||||
次級票據,減未攤銷債券發行成本淨額 | 98,693 | 999 | 4.11 | % | ||||||||
信託優先次級債券,減未攤銷債券發行成本淨額 | 60,265 | 1,031 | 6.94 | % | ||||||||
回購協議 | 65435 | 492 | 3.05 | % | ||||||||
其他借款 | 136700 | 1,926 | 5.71 | % | ||||||||
總利息負債 | 5202316 | 27495 | 2.14 | % | ||||||||
無息存款 | 1588725 | |||||||||||
應計費用及其他負債 | 81829 | |||||||||||
負債合計 | 6872870 | |||||||||||
股東權益 | 758,750 | |||||||||||
負債和股東權益合計 | $ | 7631620 | ||||||||||
淨利息收益率(全職當量) | $ | 56,600 | ||||||||||
淨利息收益率(全職當量) | 3.21 | % | ||||||||||
淨利息差(全職當量) | 2.62 | % | ||||||||||
(1)貸款利息包括不重要的淨貸款費用。 | ||||||||||||
(2)爲計算平均收益率,證券的平均餘額按歷史成本呈現。 |
Note: As of March 31, 2023, loans totaling $3.2 million were on nonaccrual status. Our policy is to reverse previously accrued but unpaid interest on nonaccrual loans; thereafter, interest income is recorded to the extent received when appropriate.
注:截至2023年3月31日,共計320萬美元的貸款處於不應計狀態。我們的政策是撤銷先前應計但未支付的不良貸款利息;此後,當適當時,利息收入將按實收到的程度記錄。
The following tables set forth the reconciliation of return on average common equity to return on average tangible common equity, book value per share to tangible book value per share, net interest income to net interest income adjusted to a fully taxable-equivalent basis assuming a 21% marginal tax rate for interest earned on tax-exempt assets such as municipal loans and investment securities, along with the calculation of total revenue, adjusted noninterest expense, efficiency ratio (FTE), net interest margin (FTE) and net interest spread (FTE) for the applicable periods presented.
以下表格列出了平均普通股權益回報與平均有形普通股權益回報、每股賬面價值與每股有形賬面價值、淨利息收入與按21%邊際稅率調整爲全額應稅當量收益的淨利息收入的調和、總收入、調整後的非利息費用、效率比率(全職當量)、淨利息收益率(全職當量)和淨利息差(全職當量)的調和,適用期間的計算。
Southside Bancshares, Inc. Non-GAAP Reconciliation (Unaudited) (Dollars and shares in thousands, except per share data) |
||||||||||||||||||||
Three Months Ended |
||||||||||||||||||||
2024 | 2023 | |||||||||||||||||||
Mar 31, | Dec 31, | Sep 30, | Jun 30, |
Mar 31, |
||||||||||||||||
Reconciliation of return on average common equity to return on average tangible common equity: |
||||||||||||||||||||
Net income | $ | 21,511 | $ | 17,316 | $ | 18,449 | $ | 24,893 | $ | 26,034 | ||||||||||
After-tax amortization expense | 266 | 292 | 322 | 349 | 378 | |||||||||||||||
Adjusted net income available to common shareholders | $ | 21,777 | $ | 17,608 | $ | 18,771 | $ | 25,242 | $ | 26,412 | ||||||||||
Average shareholders' equity | $ | 785,054 | $ | 737,675 | $ | 770,194 | $ | 749,827 | $ | 758,750 | ||||||||||
Less: Average intangibles for the period | (203,910) | (204,267) | (204,658) | (205,086) | (205,555) | |||||||||||||||
Average tangible shareholders' equity | $ | 581,144 | $ | 533,408 | $ | 565,536 | $ | 544,741 | $ | 553,195 | ||||||||||
Return on average tangible common equity | 15.07 | % | 13.10 | % | 13.17 | % | 18.59 | % | 19.36 | % | ||||||||||
Reconciliation of book value per share to tangible book value per share: | ||||||||||||||||||||
Common equity at end of period | $ | 787,922 | $ | 773,288 | $ | 728,595 | $ | 765,161 | $ | 751,030 | ||||||||||
Less: Intangible assets at end of period | (203,704) | (204,041) | (204,411) | (204,818) | (205,260) | |||||||||||||||
Tangible common shareholders' equity at end of period | $ | 584,218 | $ | 569,247 | $ | 524,184 | $ | 560,343 | $ | 545,770 | ||||||||||
Total assets at end of period | $ | 8,353,863 | $ | 8,284,914 | $ | 7,972,468 | $ | 7,807,252 | $ | 7,792,345 | ||||||||||
Less: Intangible assets at end of period | (203,704) | (204,041) | (204,411) | (204,818) | (205,260) | |||||||||||||||
Tangible assets at end of period | $ | 8,150,159 | $ | 8,080,873 | $ | 7,768,057 | $ | 7,602,434 | $ | 7,587,085 | ||||||||||
Period end tangible equity to period end tangible assets | 7.17 | % | 7.04 | % | 6.75 | % | 7.37 | % | 7.19 | % | ||||||||||
Common shares outstanding end of period | 30,284 | 30,249 | 30,338 | 30,532 | 31,121 | |||||||||||||||
Tangible book value per common share | $ | 19.29 | $ | 18.82 | $ | 17.28 | $ | 18.35 | $ | 17.54 | ||||||||||
Reconciliation of efficiency ratio to efficiency ratio (FTE), net interest margin to net interest margin (FTE) and net interest spread to net interest spread (FTE): |
||||||||||||||||||||
Net interest income (GAAP) | $ | 53,348 | $ | 54,485 | $ | 53,273 | $ | 53,916 | $ | 53,353 | ||||||||||
Tax-equivalent adjustments: | ||||||||||||||||||||
Loans | 656 | 680 | 674 | 673 | 697 | |||||||||||||||
Tax-exempt investment securities | 2,080 | 2,453 | 2,474 | 2,462 | 2,550 | |||||||||||||||
Net interest income (FTE) (1) | 56,084 | 57,618 | 56,421 | 57,051 | 56,600 | |||||||||||||||
Noninterest income | 9,724 | 2,501 | 10,836 | 10,464 | 12,033 | |||||||||||||||
Nonrecurring income (2) | 18 | 8,376 | (11) | 226 | (1,221) | |||||||||||||||
Total revenue | $ | 65,826 | $ | 68,495 | $ | 67,246 | $ | 67,741 | $ | 67,412 | ||||||||||
Noninterest expense | $ | 36,881 | $ | 35,183 | $ | 35,553 | $ | 34,993 | $ | 34,849 | ||||||||||
Pre-tax amortization expense | (337) | (370) | (407) | (442) | (478) | |||||||||||||||
Nonrecurring expense (3) | 17 | 22 | 17 | 36 | 3 | |||||||||||||||
Adjusted noninterest expense | $ | 36,561 | $ | 34,835 | $ | 35,163 | $ | 34,587 | $ | 34,374 | ||||||||||
Efficiency ratio | 57.95 | % | 53.30 | % | 54.86 | % | 53.54 | % | 53.57 | % | ||||||||||
Efficiency ratio (FTE) (1) | 55.54 | % | 50.86 | % | 52.29 | % | 51.06 | % | 50.99 | % | ||||||||||
Average earning assets | $ | 7,882,337 | $ | 7,633,820 | $ | 7,418,157 | $ | 7,225,168 | $ | 7,161,836 | ||||||||||
Net interest margin | 2.72 | % | 2.83 | % | 2.85 | % | 2.99 | % | 3.02 | % | ||||||||||
Net interest margin (FTE) (1) | 2.86 | % | 2.99 | % | 3.02 | % | 3.17 | % | 3.21 | % | ||||||||||
Net interest spread | 2.02 | % | 2.10 | % | 2.14 | % | 2.37 | % | 2.44 | % | ||||||||||
Net interest spread (FTE) (1) | 2.16 | % | 2.26 | % | 2.31 | % | 2.55 | % | 2.62 | % | ||||||||||
(1) These amounts are presented on a fully taxable-equivalent basis and are non-GAAP measures. | ||||||||||||||||||||
(2) These adjustments may include net gain or loss on sale of securities available for sale, net gain on sale of equity securities, BOLI income related to death benefits realized and other investment income or loss in the periods where applicable. |
||||||||||||||||||||
(3) These adjustments may include foreclosure expenses and branch closure expenses, in the periods where applicable. |
Southside Bancshares公司 非通用會計原則調和報表(未經審計) (以千美元和千股計算,每股數據除外) |
||||||||||||||||||||
三個月之內結束 |
||||||||||||||||||||
2024 | 2023 | |||||||||||||||||||
3月31日 | 12月31日, | 9月30日 | 6月30日 | 3月31日 |
||||||||||||||||
普通股權益平均回報附調和 有形普通股權: |
||||||||||||||||||||
淨收入 | $ | 21,511 | $ | 17,316 | $ | 18,449 | $ | 24,893 | $ | 26,034 | ||||||||||
稅後攤銷費用 | 266 | 292 | 322 | 349 | 378 | |||||||||||||||
調整後可供普通股東使用的淨利潤 | $ | 21,777 | $ | 17,608 | $ | 18,771 | $ | 25,242 | $ | 26,412 | ||||||||||
平均股東權益 | $ | 785,054 | $ | 737,675 | $ | 770,194 | $ | 749,827 | $ | 758,750 | ||||||||||
減:期間平均無形資產 | (203,910) | (204,267) | (204,658) | (205,086) | (205,555) | |||||||||||||||
平均有形股東權益 | $ | 581,144 | $ | 533,408 | $ | 565,536 | $ | 544,741 | $ | 553,195 | ||||||||||
平均有形普通股權益回報率 | 15.07 | % | 13.10 | % | 13.17 | % | 18.59 | % | 19.36 | % | ||||||||||
每股賬面價值調節爲每股有形賬面價值: | ||||||||||||||||||||
期末普通股權益 | $ | 787,922 | $ | 773,288 | $ | 728,595 | $ | 765,161 | $ | 751,030 | ||||||||||
減:期末無形資產 | (203,704) | (204,041) | (204,411) | (204,818) | (205,260) | |||||||||||||||
期末普通股股東權益 | $ | 584,218 | $ | 569,247 | $ | 524,184 | $ | 560,343 | $ | 545,770 | ||||||||||
期末總資產 | $ | 8,353,863 | $ | 8,284,914 | $ | 7,972,468 | $ | 7,807,252 | $ | 7,792,345 | ||||||||||
減:期末無形資產 | (203,704) | (204,041) | (204,411) | (204,818) | (205,260) | |||||||||||||||
期末有形資產 | $ | 8,150,159 | $ | 8,080,873 | $ | 7,768,057 | $ | 7,602,434 | $ | 7,587,085 | ||||||||||
期末有形淨值與期末有形資產 | 7.17 | % | 7.04 | % | 2021年債務支付 | % | 7.37 | % | 7.19 | % | ||||||||||
期末普通股股本 | 30,284 | 30,249 | 30,338 | 30,532 | 31,121 | |||||||||||||||
每股有形賬面價值 | $ | 19.29 | $ | 18.82 | $ | 17.28 | $ | 18.35 | $ | 17.54 | ||||||||||
淨利息收益率和效率比率(FTE)的對賬,淨利息收益率(FTE)和淨利息差距的對賬: 淨利息收益率(FTE)和淨利息差距(FTE): (FTE): |
||||||||||||||||||||
淨利息收入(GAAP) | $ | 53,348 | $ | 54,485 | $ | 53,273 | $ | 53,916 | $ | 53,353 | ||||||||||
稅當量調整: | ||||||||||||||||||||
貸款 | 656 | 680 | 674 | 673 | 697 | |||||||||||||||
免稅投資證券 | 2,080 | 2,453 | 2,474 | 2,462 | 2550 | |||||||||||||||
淨利息收入(FTE)(1) | 56,084 | 57,618 | 56,421 | 57,051 | 56,600 | |||||||||||||||
非利息收入 | 9,724 | 2,501 | 10,836 | 10,464 | 12,033 | |||||||||||||||
非經常性收入(2) | 18 | 8,376 | (11) | 226 | (1,221) | |||||||||||||||
總收入 | $ | 65,826 | $ | 68,495 | $ | 67,246 | $ | 67,741 | $ | 67,412 | ||||||||||
非利息支出 | $ | 36,881 | $ | 35,183 | $ | 35,553 | $ | 34,993 | $ | 34,849 | ||||||||||
稅前攤銷費用 | (337) | (370) | (407) | (442) | (478) | |||||||||||||||
非經常性費用(3) | 17 | 22 | 17 | 36 | 3 | |||||||||||||||
調整後的非利息支出 | $ | 36,561 | $ | 34,835 | $ | 35,163 | $ | 34,587 | $ | 34,374 | ||||||||||
效率比率 | 57.95 | % | 53.30 | % | 54.86 | % | 53.54 | % | 53.57 | % | ||||||||||
效率比率 (FTE)(1) | 55.54 | % | 50.86 | % | 52.29 | % | 51.06 | % | 50.99 | % | ||||||||||
平均盈利資產 | $ | 7,882,337 | $ | 7,633,820 | $ | 7,418,157 | $ | 7,225,168 | $ | 7,161,836 | ||||||||||
淨利息收益率 | 2.72 | % | 2.83 | % | 2.85 | % | 2.99 | % | 3.02 | % | ||||||||||
淨利息收益率(FTE)(1) | 2.86 | % | 2.99 | % | 3.02 | % | 3.17 | % | 3.21 | % | ||||||||||
淨利差 | 2.02 | % | 2.10 | % | 2.14 | % | 2.37 | % | 2.44 | % | ||||||||||
淨利差(FTE)(1) | 2.16 | % | 每股可歸新投資者的貢獻 | % | 2.31 | % | 2.55 | % | 2.62 | % | ||||||||||
(1)這些金額是以全應稅等效基礎呈現的,是非GAAP度量指標。 | ||||||||||||||||||||
(2)這些調整可能包括可供出售證券的淨收益或淨損失,股權證券的淨收益,實現的 BOLI 保險權益 所帶來的收益以及適用期間中的其他投資收益或損失。 (3)這些調整可能包括在適用期間內的贖回費用和分支機構關閉費用。 |
||||||||||||||||||||
(3)這些調整可能包括在適用期間內的贖回費用和分支機構關閉費用。 |
Source: Southside Bancshares, Inc.
來源:南方銀行股份有限公司。
譯文內容由第三人軟體翻譯。