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SBSI on NYSE

Southside Bank

Logo: southside.com4

Southside Bank is a North Texas bank chain based in Tyler, founded in 1960.1 Its shares trade on NYSE under the symbol SBSI.1

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Last updated Oct 21, 2026.

Overview

1960Founded1

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  • TickerSBSI on NYSE1
  • IndustryState Commercial Banks1
  • HeadquartersTyler1
  • Websitewww.southside.com
  • Incorporated inTX5
  • Business address1201 S Beckham, Tyler, Tx 757015
  • Filer categoryLarge accelerated filer5
  • Legal formCommercial Bank3
  • LEI549300BEM32ZRV7MJ1783
  • StatusActive3
  • LEI statusIssued and current3
  • Registered address1201 S Beckham Ave, 75701 Tyler, United States3
  • Registered withFederal Deposit Insurance Corporation, 182973

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The disclosures set forth in this item are qualified by the section captioned “Cautionary Notice Regarding Forward-Looking Statements” in “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations” of this Annual Report on Form 10-K and other cautionary statements set forth elsewhere in this report.7 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income89101112$69.2M in 2025−7% since 2019
0$50.0M$100.0M$150.0M2019: $74.6M$74.6M20192020: $82.2M$82.2M2020+10%2021: $113.4M$113.4M2021+38%2022: $105.0M$105.0M2022−7%2023: $86.7M$86.7M2023−17%2024: $88.5M$88.5M2024+2%2025: $69.2M$69.2M2025−22%

Every line of the income statement as filed: the last 3 fiscal years, latest first.12

Period ending2025-12-312024-12-312023-12-31
Loans$275.6M$279.4M$244.8M
Taxable investment securities$23.0M$28.1M$31.2M
Tax-exempt investment securities$31.6M$40.5M$54.6M
MBS$57.2M$45.2M$19.4M
FHLB stock and equity investments$1.8M$2.1M$1.2M
Other interest earning assets$13.8M$19.1M$8.5M
Total interest and dividend income$403.1M$414.3M$359.7M
Deposits$151.2M$153.7M$108.2M
FHLB borrowings$13.7M$24.4M$6.8M
Subordinated notes$8.2M$3.8M$3.9M
Trust preferred subordinated debentures$4.0M$4.6M$4.5M
Other borrowings$4.9M$11.7M$21.4M
Total interest expense$182.0M$198.2M$144.7M
Net interest income$221.1M$216.1M$215.0M
Provision for (reversal of) credit losses$3.1M$3.3M$9.2M
Net interest income after provision for credit losses$218.0M$212.8M$205.9M
Deposit services$24.4M$24.4M$25.5M
Net gain (loss) on sale of securities available for sale-$32.3M-$2.5M-$16.0M
Net gain on sale of equity securities$0$0$5.1M
Gain (loss) on sale of loans$440.0K$37.0K$563.0K
Trust fees$7.9M$6.2M$5.9M
BOLI$3.6M$4.3M$5.8M
Brokerage services$4.9M$4.2M$3.3M
Other noninterest income$7.0M$5.1M$5.7M
Total noninterest income$16.0M$41.7M$35.8M
Salaries and employee benefits$90.3M$90.3M$85.6M
Net occupancy$14.5M$14.4M$14.7M
Advertising, travel & entertainment$3.9M$3.4M$4.1M
ATM expense$1.5M$1.5M$1.4M
Professional fees$5.7M$5.1M$5.4M
Software and data processing$11.5M$11.6M$9.4M
Communications$1.3M$1.6M$1.5M
FDIC insurance$3.8M$3.8M$3.6M
Amortization of intangibles$742.0K$1.2M$1.7M
Other$18.1M$14.4M$13.3M
Total noninterest expense$151.4M$147.1M$140.6M
Income before income tax expense$82.6M$107.4M$101.1M
Income tax expense$13.4M$18.9M$14.4M
Net income$69.2M$88.5M$86.7M
Earnings per common share - basic (in dollars per share)$2.30$2.92$2.82
Earnings per common share - diluted (in dollars per share)$2.29$2.91$2.82
Cash dividends paid per common share$1.44$1.44$1.42

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Corporate structure

Southside Bank is part of a group headed by SOUTHSIDE BANCSHARES, INC.. 8 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Southside Bank

  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on Southside Bank, latest Mar 27, 2026 (4 filings since Feb 10, 2022)
  • BlackRock Filed SCHEDULE 13G/A on Southside Bank, latest Oct 17, 2025 (5 filings since Jan 25, 2022)
  • SOUTHSIDE BANCSHARES, INC. Tyler, Texas, United States
    • Southside Bank Tyler, Texas, United States
      • 1. Southside Bank is a state bank, organized under the authority of the Banking Department of Subsidiary · Texas, United States
      • 2. Red File #1, Inc., created under the laws of the State of Subsidiary · Texas, United States
      • 3. Southside Statutory Trust III, a statutory business trust created under the laws of the State of Subsidiary · Connecticut, United States
      • 4. Southside Statutory Trust IV, a statutory business trust created under the laws of the State of Subsidiary · Delaware, United States
      • 5. Southside Statutory Trust V, a statutory business trust created under the laws of the State of Subsidiary · Delaware, United States
      • 6. Magnolia Trust Company I, a statutory business trust created under the laws of the State of Subsidiary · Delaware, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Southside Bank reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Buildings and improvements$213.6M12 Dec 31, 2025$199.3M12 Dec 31, 2024+7.2%
Furniture and fixtures$45.9M12 Dec 31, 2025$45.1M12 Dec 31, 2024+1.7%
Property and equipment, before depreciation$259.5M12 Dec 31, 2025$244.5M12 Dec 31, 2024+6.2%
Accumulated depreciation$107.3M12 Dec 31, 2025$102.8M12 Dec 31, 2024+4.3%
Property and equipment, net$152.3M12 Dec 31, 2025$141.6M12 Dec 31, 2024+7.5%
Operating-lease assets (leased space)$12.4M12 Dec 31, 2025$13.9M12 Dec 31, 2024−10.5%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$389.8M12 Dec 31, 2025$426.2M12 Dec 31, 2024−8.5%
Debt securities available for sale$1.5B11 Dec 31, 2024$1.3B11 Dec 31, 2023+18.3%
Loans, net of allowance$4.8B12 Dec 31, 2025$4.6B12 Dec 31, 2024+3.4%
Deposits held (banks)$6.9B12 Dec 31, 2025$6.7B12 Dec 31, 2024+3.2%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$201.1M12 Dec 31, 2025$201.1M12 Dec 31, 20240%
Intangible assets, net (excluding goodwill)$1.0M12 Dec 31, 2025$1.8M12 Dec 31, 2024−42.3%

Properties, in its own words

The primary executive offices of Southside are located at 1201 South Beckham Avenue, Tyler, Texas 75701. This site also houses a banking center, a technology center, back office support areas and wealth management and trust services. An additional executive office is located at 1320 South University Drive, Fort Worth, Texas 76107 in University Center II. Additional wealth management and trust services are located at 2510 West Frank Street, Lufkin, Texas 75904. All of these locations are owned by Southside. As of December 31, 2025, Southside operated 53 branches, which includes traditional full service branches and full service branches within grocery stores. These branches are located within the state of Texas in the Dallas/Fort Worth, East Texas, Southeast Texas, Austin and Houston regions. Of the 53 branches, 36 are owned and 17 are leased. In addition to our branches, Southside also operates drive-thrus, wealth management and trust services, LPOs or other financial services offices which Southside owns. Southside also owns 70 ATMs/ITMs located throughout our market areas.

For additional information concerning our properties, refer to “Note 6 – Premises and Equipment” and “Note 16 – Leases” to our consolidated financial statements included in this report.

Item 2 of the 10-K filed Feb 27, 2026.7

Leadership

Who has led Southside Bank, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Bg Hartley2006–2011
  2. Charles E. Dawson2012–2016
  3. Lee R. Gibson2017–2026
  4. Keith Donahoe2026–now

President

  1. Charles E. Dawson2006–2016
  2. Peter M. Boyd2013–2016
  3. Timothy F. Alexander2015–2016
  4. Lee R. Gibson2016–2017
  5. Hilliard J. Shands2019–2020
  6. Jared C. Green2020–2024
  7. Keith Donahoe2024–now
  8. Mark W. Drennan2024

Chief financial officer

  1. Lee R. Gibson2009–2016
  2. Julie Shamburger2016–now

Chief operating officer

  1. Charles E. Dawson2012–2013
  2. Brian K. McCabe2017–2025
  3. John Mitchell Craddock Jr.2025–now
197019801990200020102020
Board members and other officers (52)

Subsidiaries and ownership

Parent company (GLEIF)

Subsidiaries (Exhibit 21)

  • 1. Southside Bank is a state bank, organized under the authority of the Banking Department of Texas.6
  • 2. Red File #1, Inc., created under the laws of the State of Texas.6
  • 3. Southside Statutory Trust III, a statutory business trust created under the laws of the State of Connecticut.6
  • 4. Southside Statutory Trust IV, a statutory business trust created under the laws of the State of Delaware.6
  • 5. Southside Statutory Trust V, a statutory business trust created under the laws of the State of Delaware.6
  • 6. Magnolia Trust Company I, a statutory business trust created under the laws of the State of Delaware.6

Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record. The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Jul 24, 20268-K Results of operations82
  2. May 20, 20268-K Bylaws or fiscal year changed; Shareholder vote83
  3. Apr 30, 20268-K Results of operations84
  4. Feb 20, 20268-K Executive or director change85
  5. Feb 6, 2026New chief executive Keith Donahoe becomes CEO16
  6. Jan 29, 20268-K Results of operations86
  7. Jan 6, 20268-K Other events87
  8. Oct 24, 20258-K Results of operations88
  9. Oct 16, 20258-K Executive or director change; Other events89
  10. Sep 18, 20258-K Executive or director change90
  11. Aug 14, 20258-K Entered a material agreement; New debt or obligation91
  12. Aug 8, 20258-K Entered a material agreement92
  13. Aug 5, 20258-K Executive or director change93
  14. Jun 23, 2023Parent Directly consolidated by SOUTHSIDE BANCSHARES, INC.3
  15. Mar 10, 2017New chief executive Lee R. Gibson becomes CEO17
  16. Jan 25, 2012New chief executive Charles E. Dawson becomes CEO18
  17. Jan 26, 2006New chief executive Bg Hartley becomes CEO19
  18. 1960Founded Founded1

Calendar

Coming up

  1. Oct 29, 2026 · Before the openReports results for the quarter ending Sep/2026 A year earlier it reported $0.80 a share, on Oct 24, 2025.94

When it reported results

  1. Jul 24, 2026Reported quarterly or annual results82
  2. Apr 30, 2026Reported quarterly or annual results84
  3. Jan 29, 2026Reported quarterly or annual results86
  4. Oct 24, 2025Reported quarterly or annual results88
  5. Jul 25, 2025Reported quarterly or annual results95
  6. Apr 29, 2025Reported quarterly or annual results96
  7. Jan 29, 2025Reported quarterly or annual results97
  8. Oct 24, 2024Reported quarterly or annual results98

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

834 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 47 major events, 716 insider forms, 9 large holders, 42 other. The latest 20:

  1. Sep 11, 20264 EDGAR
  2. Sep 9, 20264 EDGAR
  3. Sep 8, 20264 EDGAR
  4. Sep 8, 20264 EDGAR
  5. Sep 8, 20264 EDGAR
  6. Sep 8, 20264 EDGAR
  7. Sep 8, 20264 EDGAR
  8. Sep 8, 20264 EDGAR
  9. Sep 8, 20264 EDGAR
  10. Sep 8, 20264 EDGAR
  11. Sep 8, 20264 EDGAR
  12. Sep 8, 20264 EDGAR
  13. Sep 8, 20264 EDGAR
  14. Sep 8, 20264 EDGAR
  15. Sep 8, 20264 EDGAR
  16. Sep 8, 20264 EDGAR
  17. Sep 8, 20264 EDGAR
  18. Sep 8, 20264 EDGAR
  19. Sep 8, 20264 EDGAR
  20. Sep 8, 20264 EDGAR

The 834 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

38 open-market trades by officers, directors and large owners since October 2021: 18 buys and 20 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 11, 2026Craddock John Mitchell Jr.Chief Operating OfficerSale415$32.01$13.3KForm 4
Jun 9, 2026Craddock John Mitchell Jr.Chief Operating OfficerSale486$33.38$16.2KForm 4
Feb 3, 2026Calhoun Kirk A.DirectorBuy300$33.15$9.9KForm 4
Dec 4, 2025BUIE HERBERT CDirectorBuy1,807$30.68$55.4KForm 4
May 23, 2025Calhoun Kirk A.DirectorBuy300$27.99$8.4KForm 4
Nov 25, 2024MCCABE BRIAN KCOOSale11,385$36.67$417.5KForm 4
Nov 6, 2024GIBSON LEE RDirectorSale3,300$36.74$121.2KForm 4
Nov 6, 2024DAVIS SUNI MCHIEF TREASURY OFFICERSale2,220$36.00$79.9KForm 4
Aug 23, 2024Arnold T L JrCCOSale4,667$33.71$157.3KForm 4
Aug 7, 2024Arnold T L JrCCOSale3,999$31.63$126.5KForm 4
Aug 1, 2024Green Jared C.Regional President, ETXSale864$33.27$28.7KForm 4
Jul 31, 2024SHAMBURGER JULIECFOSale5,360$35.03$187.8KForm 4
Mar 4, 2024GIBSON LEE RDirectorSale14,897$30.27$450.9KForm 4
Jan 30, 2024BUIE HERBERT CDirectorBuy1,990$32.52$64.7KForm 4
Dec 13, 2023MCCABE BRIAN KCOOSale2,648$29.60$78.4KForm 4
Nov 1, 2023Sammons John F JrDirectorBuy555$26.83$14.9KForm 4
Oct 31, 2023Sammons John F JrDirectorBuy3,000$27.10$81.3KForm 4
Sep 14, 2023Green Jared C.Regional President, ETXSale1,665$29.81$49.6KForm 4
Aug 1, 2023MCCABE BRIAN KCOOSale1,500$33.68$50.5KForm 4
May 12, 2023GIBSON LEE RDirectorBuy1,000$26.90$26.9KForm 4

All 38 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Lee R. Gibson, CPA– Former Chief Executive Officer, retired December 31, 2025, and Director of the Company and the Bank$845.0K$3.3M101
2025Keith M. Donahoe– President and Current Chief Executive Officer, effective January 1, 2026, and Director of the Company and the Bank$580.0K$1.2M101
2025Julie N. Shamburger, CPA– Chief Financial Officer of the Company and the Bank and advisory director of the Bank$495.0K$1.1M101
2025Curtis R. Burchard– Chief Lending Officer of the Company and the Bank and advisory director of the Bank$510.0K$807.8K101
2025T. L. Arnold, Jr.– Chief Credit Officer of the Company and the Bank and advisory director of the Bank$397.5K$702.6K101
2024Lee R. Gibson, CPA– Former Chief Executive Officer, retired December 31, 2025, and Director of the Company and the Bank$845.0K$2.0M101
2024Julie N. Shamburger, CPA– Chief Financial Officer of the Company and the Bank and advisory director of the Bank$480.0K$993.1K101
2024T. L. Arnold, Jr.– Chief Credit Officer of the Company and the Bank and advisory director of the Bank$386.0K$733.6K101
2024Keith M. Donahoe– President and Current Chief Executive Officer, effective January 1, 2026, and Director of the Company and the Bank$461.6K$707.6K101
2023Lee R. Gibson, CPA– Former Chief Executive Officer, retired December 31, 2025, and Director of the Company and the Bank$809.6K$2.1M101
2023Julie N. Shamburger, CPA– Chief Financial Officer of the Company and the Bank and advisory director of the Bank$463.0K$982.9K101
2023T. L. Arnold, Jr.– Chief Credit Officer of the Company and the Bank and advisory director of the Bank$357.2K$571.8K101

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.4,271,247$150.3M0.0%+69,751
Dimensional Fund Advisors LP1,406,812$49.5M0.0%+22,067
State Street Corp1,328,182$46.7M0.0%+34,564
Vanguard Capital Management LLC1,248,193$43.9M0.0%+11,072
Geode Capital Management, LLC737,957$26.0M0.0%+16,543
Vanguard Portfolio Management LLC630,384$22.2M0.0%+41,333
Renaissance Technologies LLC419,146$14.7M0.0%−21,000
Charles Schwab Investment Management Inc360,385$12.7M0.0%−29,482
Two Sigma Investments, LP348,461$12.3M0.0%−46,359
Northern Trust Corp342,761$12.1M0.0%+23,535
American Century Companies Inc338,886$11.9M0.0%−4,440
Bank of New York Mellon Corp261,818$9.2M0.0%+10,054
Royal Bank Of Canada257,180$9.1M0.0%−3,748
Invesco Ltd.256,437$9.0M0.0%+2,521
Goldman Sachs Group Inc255,209$9.0M0.0%−100,195
Morgan Stanley229,982$8.1M0.0%−54,909
Hotchkis & Wiley Capital Management LLC206,150$7.3M0.0%+1,400
Aqr Capital Management LLC188,629$6.6M0.0%+35,446
Vanguard Fiduciary Trust Co188,255$6.6M0.0%+9,493
Jpmorgan Chase & Co162,584$5.7M0.0%−14,674
Bridgeway Capital Management, LLC151,664$5.3M0.1%+7,566
Mackenzie Financial Corp147,700$5.2M0.0%+74,971
Principal Financial Group Inc135,423$4.8M0.0%−419
Bank Of America Corp /de/129,163$4.5M0.0%+3,824
Arrowstreet Capital, Limited Partnership120,629$4.2M0.0%+5,497

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

2 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Jun 17, 2025Lisa C. McClainRepublican, HouseSale$1,001 - $15,000+19.1%Report
Jun 9, 2025Lisa C. McClainRepublican, HouseBuy$1,001 - $15,000−21.7%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Southside Bank is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSOUTHSIDE BANCSHARES INC2
  • CIK0000705432
  • Employer ID (EIN)75-18487327
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company7
  • Incorporated inTexas7
  • Fiscal year endsDecember 312
  • Industry code (SIC)6022 State Commercial Banks2
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance2
  • Business address1201 S Beckham, Tyler, TX 757012
  • Phone90353171112
  • Shares outstanding29,807,980 as of Jul 21, 202614
  • Public float$837.3M as of Jun 30, 20257
  • AuditorErnst & Young LLP, Dallas, Texas PCAOB ID 42; it also attests to the company’s internal control over financial reporting7
  • On EDGAR sinceMar 31, 19952
  • Filings2,442 in all: 4 (1,687), 8-K (203), 5 (113), 10-Q (95), 3 (44), 4/A (36), DEF 14A (32), 10-K (28)2
    All 53 form types

    SC 13G/A (26), DEFA14A (17), 425 (14), 11-K (13), 144 (11), 10-Q/A (9), 8-K/A (8), 3/A (7), S-8 (6), SC 13G (6), 424B5 (5), CORRESP (5), PRE 14A (5), S-4/A (5), UPLOAD (5), 424B3 (4), ARS (4), FWP (4), S-3D (4), SC 13D/A (4), 10-K405 (3), EFFECT (3), S-3ASR (3), S-4 (3), 15-12G (2), 424B2 (2), 8-A12B (2), 8-A12G (2), CERT (2), S-2 (2), S-2/A (2), S-3DPOS (2), SCHEDULE 13G/A (2), 10-K/A (1), 25 (1), 424A (1), 424B1 (1), 5/A (1), D (1), DEFR14A (1), NT 10-K (1), NT 10-Q (1), RW (1), S-3 (1), SC 13D (1)

  • Latest filingsAnnual report (10-K) Feb 27, 2026
    Quarterly report (10-Q) Jul 24, 2026
    Proxy statement (DEF 14A) Mar 25, 2026
    Latest 8-K (8-K) Jul 24, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $1.25 par valueSBSIChicago Stock Exchange, Inc.
Common Stock, $1.25 par valueSBSINew York Stock Exchange

From the cover page of the 10-K filed Feb 27, 2026 (Section 12(b) of the Exchange Act).7

Risk factors and legal proceedings

The risks Southside Bank names in Item 1A of its 10-K filed Feb 27, 2026: 47 risks under these headings, as written.7

  • RISKS RELATED TO OUR BUSINESS
  • Our earnings are subject to interest rate risk.
  • We are subject to credit quality risks and our credit policies may not be sufficient to avoid losses.
  • Unstable economic conditions may have serious adverse consequences on our business, financial condition, and operations.
  • We have a high concentration of loans secured by real estate and a decline in the real estate market, for any reason, could result in losses and materially and adversely affect our business, financial condition, results of operations and future prospects.
  • Cybersecurity incidents, including security breaches and failures of our information systems, could significantly disrupt our business, result in the unintended disclosure or misuse of confidential or proprietary information, damage our reputation, increase our costs, and cause losses.
  • Increased fraudulent activity may cause losses to us or our clients, damage to our brand, and increases in our costs, in turn, materially and adversely affecting our business, financial condition, and results of operations.
  • The development and use of AI presents risks and challenges that may adversely impact our business.
  • General political or economic conditions in the United States could adversely affect our financial condition and results of operations.
  • Corporate responsibility risks could adversely affect our reputation and shareholder, employee, client, and third-party relationships and may negatively affect our stock price.
  • Negative developments in the banking industry could adversely affect our current and projected business operations and our financial condition and results of operations.
  • Despite recent cuts, extended periods of elevated interest rates have decreased the value of a portion of the Company’s securities portfolio, and the Company would realize losses if it were required to sell such securities to meet liquidity needs.
The other 36 risks
  • Inflationary pressures and rising prices may affect our results of operations and financial condition.
  • We rely on other companies to provide key components of our business infrastructure.
  • We continually encounter technological change.
  • Industry adoption of real-time payments networks could negatively impact financial performance through reductions in product profitability, increased liquidity reserves and the potential for increased fraud losses, among other risks.
  • We are subject to the risk that our U.S. agency MBS could prepay faster than we have projected.
  • We rely on dividends from our bank subsidiary for most of our revenue.
  • You may not receive dividends on our common stock.
  • We may not be able to attract and retain skilled personnel.
  • We operate in a highly competitive industry and market area.
  • Failures in the analytical and forecasting models relied upon for our accounting estimates and risk management processes could have a material adverse effect on our business, financial condition, and results of operations.
  • Our allowance for loan losses may be insufficient or we may be adversely affected by credit risk exposures.
  • Our interest rate risk, liquidity, fair value of securities and profitability are dependent upon the successful management of our balance sheet strategy.
  • Our process for managing risk may not be effective in mitigating risk or losses to us.
  • New lines of business or new products and services may subject us to additional risks.
  • Acquisitions and potential acquisitions may disrupt our business and dilute shareholder value.
  • Our profitability depends significantly on economic conditions in the State of Texas.
  • Funding to provide liquidity may not be available to us on favorable terms or at all.
  • If we fail to maintain an effective system of disclosure controls and procedures, including internal control over financial reporting, we may not be able to accurately report our financial results or prevent fraud, which could have a material adverse effect on our business, results of operations and financial condition. In addition, current and potential shareholders could lose confidence in our financial reporting, which could harm the trading price of our common stock.
  • The value of our goodwill and other intangible assets may decline in the future.
  • We are subject to environmental liability as a result of certain lending activities.
  • We may be adversely affected by declining crude oil prices.
  • Severe weather, natural disasters, climate change, acts of war or terrorism, health emergencies, epidemics or pandemics and other external events could significantly impact our business.
  • RISKS ASSOCIATED WITH THE BANKING INDUSTRY
  • We are subject or may become subject to extensive government regulation and supervision.
  • We may become subject to increased regulatory capital requirements.
  • Changes in accounting and tax rules applicable to banks could adversely affect our financial condition and results of operations.
  • Financial services companies depend on the accuracy and completeness of information about customers and counterparties and inaccuracies in such information, including as a result of fraud, could adversely impact our business, financial condition and results of operations.
  • Customers may decide not to use banks to complete their financial transactions.
  • The soundness of other financial institutions could adversely affect us.
  • We are subject to claims and litigation pertaining to fiduciary responsibility.
  • Deposit insurance premiums levied against the Bank could increase.
  • GENERAL RISK FACTORS
  • Our stock price can be volatile.
  • The holders of our subordinated notes and junior subordinated debentures have rights that are senior to those of our common stock shareholders.
  • The trading volume in our common stock is less than that of other larger financial services companies.
  • We may issue additional securities, which could dilute your ownership percentage.
  • Securities analysts might not continue coverage on our common stock, which could adversely affect the market for our common stock.
  • Provisions of our certificate of formation and bylaws, as well as state and federal banking regulations, could delay or prevent a takeover of us by a third party.

Legal proceedings

We are party to legal proceedings arising in the normal conduct of business. Management believes that such litigation is not material to our financial position, results of operations or cash flows.

The opening of Item 3, Legal Proceedings.7

Sources

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    SEC EDGAROther events
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