What is a cash flow waterfall?

A cash flow waterfall is a bar chart that walks from operating cash flow through capital expenditure to free cash flow, then shows how the remaining cash is allocated — acquisitions, buybacks, dividends, debt, and other financing — ending at the net change in cash. Each step is colour-coded: green bars add to the running total, red bars subtract.

How does Southside Bancshares (SBSI) spend its free cash flow?

For TTM through Q1 2026, Southside Bancshares generated $119M of operating cash flow and $96.9M of free cash flow — a free cash flow margin of 81.5% of operating cash flow. The waterfall breaks down how the remaining cash was allocated across investing and financing activities.

How much did Southside Bancshares (SBSI) return via buybacks and dividends?

The waterfall shows buybacks (share repurchases) and dividends paid as separate steps in the financing section. Together these represent Southside Bancshares's shareholder returns for TTM through Q1 2026. You can compare these against free cash flow to assess the capital-return payout ratio.

Southside Bancshares (SBSI) Cash Flow Waterfall

Operating CF

$119M

Capex

-$22M

Free Cash Flow

$96.9M

FCF Margin

+81.5%

Cash flow waterfall for Southside Bancshares (SBSI) — TTM through Q1 2026

Free cash flow: $96.9M

Note: Other Investing is large — driven mainly by purchases or sales of investments.

Cash flow breakdown for Southside Bancshares (SBSI) — TTM through Q1 2026

Line item	Amount	Running total
Operating Cash Flow	$119M	$119M
Capital Expenditure	-$22M	$96.9M
Free Cash Flow	$96.9M	$96.9M
Other Investing	-$393M	-$296M
Share Buybacks	-$23.2M	-$319M
Dividends Paid	-$43.1M	-$362M
Net Debt Change	$34.5M	-$328M
Other Financing & FX	$284M	-$43.5M
Net Cash Decrease	-$43.5M	-$43.5M

Operating Cash Flow$119M
Capital Expenditure-$22M
Free Cash Flow$96.9M
Other Investing-$393M
Share Buybacks-$23.2M
Dividends Paid-$43.1M
Net Debt Change$34.5M
Other Financing & FX$284M
Net Cash Decrease-$43.5M

Want to see what drove the FCF change?Free Cash Flow Bridge

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