Southside Bancshares Inc. Stock Analysis SBSI

Southside Bancshares, Inc. is a bank holding company, which engages in the provision of financial services to individuals, businesses, municipal entities, and non-profit organizations. The company is headquartered in Tyler, Texas and currently employs 781 full-time employees. The firm operates through approximately 53 branches, 12 of which are located in grocery stores, in addition to wealth management and trust services, and/or loan production, brokerage or other financial services offices. The company is a community-focused financial institution that offers a range of financial services to individuals, businesses, municipal entities and nonprofit organizations in the communities that it serves. Its consumer loan services include 1-4 family residential loans, home equity loans, home improvement loans, automobile loans and other consumer-related loans. Its commercial loan services include short-term working capital loans for inventory and accounts receivable, short- and medium-term loans for equipment or other business capital expansion, commercial real estate loans and municipal loans. The firm's trust and wealth management services include investment management, and others.