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State Bank of Texas Leads Texas Banks in Profitability through 3rd Q 2019
DALLAS: December 20, 2019: State Bank of Texas (SBT) announced today it has posted the highest Return on Assets (ROA) through 3rd quarter 2019 among the largest 100 banks in Texas, with ROA of 4.87%. ROA is considered to be the leading indicator of profitability, measuring net income as a percentage of assets. As such, it demonstrates a bank’s ability to deploy assets to generate income. Among the largest 100 banks in Texas, SBT outpaced all of them in profitability, despite being ranked 98 of 100 in asset size. As a measure of comparison, SBT’s YTD net income is equivalent to the average income of a $3.5 billion asset bank, while SBT’s assets are $823 million—less than ¼ the size of a bank with comparable income. SBT’s 2019 3rd Q YTD results continue the bank’s track record of strong performance demonstrated in prior year’s results, when the bank was also a leader in ROA as well as efficiency. Annual performance measurements for 2019 will be finalized in 1st quarter 2020 when year-end results are announced. SBT expects to finish the year in an equally strong position.