Southside Bancshares Inc
NASDAQ:SBSI
SBSI's latest stock split occurred on May 25, 2017
The company executed a 41-for-40 stock split, meaning that for every 40 shares held, investors received 41 new shares.
Before the split, SBSI traded at 33.54 per share. Afterward, the share price was about 25.3392.
The adjusted shares began trading on May 25, 2017. This was SBSI's 22nd stock split, following the previous one in May 26, 2016.
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Southside Bancshares Inc
Glance View
Southside Bancshares Inc. finds its roots in the heart of Texas, where it has steadily grown since its inception in 1960. With East Texas as its birthplace, the company has not only stayed true to its regional origins but has also expanded its footprint across the state while cementing its reputation as a reliable and community-focused financial institution. As the holding company for Southside Bank, it operates numerous branches, priding itself on a customer-centric approach. Southside Bancshares builds relationships with individuals, families, and businesses, providing a comprehensive range of banking products and services that include personal and commercial loans, mortgages, savings and checking accounts, and trust services. At the core of its business model, Southside Bancshares generates revenue primarily through interest income, which flows from the loans and credit facilities it extends to customers. It offers an array of financial services, enabling the bank to maintain a diversified revenue stream by also earning from fees associated with account maintenance, transaction processing, and advisory services. The company smartly leverages its investment portfolio and strategic acquisitions to bolster its balance sheet, ensuring a steady stream of profitability. By focusing on sound lending practices and fostering enduring customer relationships, Southside Bancshares continues to thrive in an increasingly competitive banking landscape, maintaining its mission to support the communities in which it operates.
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