SBT Tops the List of Best-Performing Banks with $2B-$10B in Assets, Jumping Eight Spots

June 23, 2024

State Bank of Texas has claimed the top spot in American Banker’s 2024 list of top-performing banks with assets between $2 billion and $10 billion, an impressive leap from its 2023 ranking. With a three-year average return on average equity (ROAE) of 26.22%, State Bank of Texas outperformed its peers, surpassing the median ROAE of 20.63% for the top 20 banks in this category. Despite the challenging financial landscape, where many banks in this asset range reported declines in net income and core deposits, State Bank of Texas demonstrated remarkable resilience, staying ahead through its disciplined financial management and strategic leadership.

The bank’s rise in the rankings highlights its ability to maintain efficiency and optimize profitability even as broader market conditions tightened. The median efficiency ratio for the top 20 banks improved slightly, with State Bank of Texas leading the charge, reflecting its strong operational capabilities. This achievement not only reinforces the bank’s position as a top performer but also cements its role as a key player in the financial industry, particularly in Texas, where five of the top 20 banks are based. This recognition affirms State Bank of Texas’ ongoing commitment to excellence and sets the stage for continued growth in the years ahead.

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