Banking
Southside Bancshares Executive Compensation (FY25)
SBSI · Executive and director compensation, fiscal 2023 to 2025
Data as of September 7, 2026Latest filing (8-K): May 20, 2026
238 figures on this page: 231 cited to the filing that reported them, 7 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Keith Donahoe: $707,552 → $1,224,314 (73.0% higher)
Say-on-pay support: 95.9% → 93.0% (2.9 points lower)
CEO pay ratio: 36:1 → 56:1 (55.6% higher)
Frequently asked questions
Answers drawn from the data on this page.
What was Southside Bancshares' say-on-pay result?
Shareholders supported the say-on-pay proposal with 93.0% of votes cast including abstentions in favor at the meeting held May 14, 2026 for fiscal 2025.
Which companies are in Southside Bancshares' peer group?
The disclosed peer group names Amerant Bancorp, Inc., Business First Bancshares, Inc., Capital City Bank Group, Inc., City Holding Company and FB Financial Corporation, among others.
What is Southside Bancshares' chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 56:1, against median employee compensation of $58,495.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Lee Gibson Former Chief Executive Officer, retired December 31, 2025, and Director of the Company and the Bank | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Julie Shamburger Chief Financial Officer of the Company and the Bank and advisory director of the Bank | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
T. Arnold Chief Credit Officer of the Company and the Bank and advisory director of the Bank | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Lee R. Gibson Chief Executive Officer and Director of the Company and Southside Bank | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Julie N. Shamburger Chief Financial Officer of the Company and Southside Bank and advisory director of Southside Bank | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
T. L. Arnold, Jr. Chief Credit Officer of the Company and Southside Bank and advisory director of Southside Bank | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Brian K. McCabe Chief Operations Officer of the Company and Southside Bank and advisory director of Southside Bank | ◇ | ◇ | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Keith Donahoe President of the Company and Southside Bank | ◇ | ◇ | — | — | ◇ | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Lee Gibson Former Chief Executive Officer, retired December 31, 2025, and Director Departed during or after this year | ◇ | ◇ | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Keith Donahoe President and Current Chief Executive Officer, effective January 1, 2026, and Director | ◇ | ◇ | ◇ | — | ◇ | — | ◇ | ◇ |
Julie Shamburger Chief Financial Officer of the Company and the Bank and advisory director of the Bank | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Curtis Burchard Chief Lending Officer of the Company and the Bank and advisory director of the Bank | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
T. L. Arnold Chief Credit Officer of the Company and the Bank and advisory director of the Bank | ◇ | ◇ | ◇ | — | ◇ | — | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Curtis R. Burchard | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Curtis R. Burchard | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Julie N. Shamburger | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Julie N. Shamburger | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Keith M. Donahoe | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Keith M. Donahoe | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Lee R. Gibson | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Lee R. Gibson | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| T.L. Arnold, Jr. | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| T.L. Arnold, Jr. | RSU | ◇ | — | — | ◇ | — | — | ◇ |
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Lee Gibson | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Keith Donahoe | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| T.L. Arnold | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Julie Shamburger | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Curtis Burchard | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
H. J. Shands, III Board chair | ◇ | ◇ | — | — | — | — | ◇ |
John R. (Bob) Garrett | ◇ | ◇ | — | — | — | — | ◇ |
S. Elaine Anderson, CPA | ◇ | ◇ | — | — | — | — | ◇ |
Kirk A. Calhoun, M.D | ◇ | ◇ | — | — | — | — | ◇ |
Preston L. Smith | ◇ | ◇ | — | — | — | — | ◇ |
Lawrence L. Anderson, M.D | ◇ | ◇ | — | — | — | — | ◇ |
Alton L. Frailey | ◇ | ◇ | — | — | — | — | ◇ |
Patricia A. Callan | ◇ | ◇ | — | — | — | — | ◇ |
Shannon Dacus | ◇ | ◇ | — | — | — | — | ◇ |
Michael J. Bosworth | ◇ | ◇ | — | — | — | — | ◇ |
Tony K. Morgan, CPA | ◇ | — | — | — | — | — | ◇ |
Donald W. Thedford | ◇ | — | — | — | — | — | ◇ |
George H. (Trey) Henderson, III | ◇ | — | — | — | — | — | ◇ |
John F. Sammons, Jr | ◇ | — | — | — | — | — | ◇ |
Raymond C. McKinney, CPA | ◇ | — | — | — | — | — | ◇ |
Jeb W. Jones | ◇ | — | — | — | — | — | ◇ |
Keith M. Donahoe and Lee R. Gibson, CPA served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Board equity retainer | ◇ |
| Total board retainer | ◇ |
| Board chair premium | ◇ |
| Audit committee chair | ◇ |
| Compensation committee chair | ◇ |
| Nominating and governance chair | ◇ |
Equity is delivered as restricted stock units.
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
- Amerant Bancorp, Inc. AMTB
- Business First Bancshares, Inc. BFST
- Capital City Bank Group, Inc. CCBG
- City Holding Company CHCO
- FB Financial Corporation FBK
- First Financial Bankshares, Inc. FFIN
- FirstSun Capital Bancorp FSUN
- HomeTrust Bancshares, Inc. HTB
- National Bank Holdings Corporation NBHC
- Origin Bancorp, Inc. OBK
- Renasant Corporation RNST
- Seacoast Banking Corporation of Florida SBCF
- ServisFirst Bancshares, Inc. SFBS
- SmartFinancial, Inc. SMBK
- South Plains Financial, Inc. SPFI
- Stellar Bancorp, Inc. STEL
- Triumph Financial, Inc. TFIN
- Veritex Holdings, Inc. VBTX
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | May 14, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | May 14, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | May 15, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | May 17, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | May 18, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | May 12, 2021 | = | ◇ | ◇ | ◇ |
| 2019 | May 13, 2020 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
What this page does not include
Everything above is a fact Southside Bancshares disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Southside Bancshares sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Enquire about accessMultiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
238 figures on this page: 231 cited to the filing that reported them, 7 calculated from figures it prints.
231 cited to the filing
7 calculated from the filing
Documents cited
- 0000705432-26-000093Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000705432-26-0000692025 DIRECTOR COMPENSATION · 2025 Grants of Plan-Based Awards · CEO Pay Ratio · DIRECTOR COMPENSATION · and 2 more sections
- 0000705432-25-000082
- 0000705432-25-000065SUMMARY COMPENSATION TABLE
- 0000705432-24-000075
- 0000705432-24-000057SUMMARY COMPENSATION TABLE
- 0000705432-23-000104
- 0000705432-22-000078
- 0000705432-21-000073
- 0000705432-20-000056Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Southside Bancshares executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/SBSI (accessed 2026).
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Peers Southside Bancshares discloses
The companies named in SBSI's own disclosed peer group.
Amerant Bancorp, Inc.Business First Bancshares, Inc.Capital City Bank Group, Inc.City Holding CompanyFB Financial CorporationFirst Financial Bankshares, Inc.FirstSun Capital BancorpHomeTrust Bancshares, Inc.National Bank Holdings CorporationOrigin Bancorp, Inc.Renasant CorporationSeacoast Banking Corporation of FloridaServisFirst Bancshares, Inc.SmartFinancial, Inc.South Plains Financial, Inc.Stellar Bancorp, Inc.Triumph Financial, Inc.
Terms on this page
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}