State Bank of Texas Reports 2018 Year-end Results and Ranks #1 in DFW by ROAA, #1 Nationwide in Overall Performance

Highlights of year-end results:

  • Net Profit: $40.2 million
  • Return on Average Assets (ROAA): 3.77%
  • Ranked #1 by ROAA for all DFW-based banks
  • Ranked #1 by Efficiency Ratio for all DFW-based banks
  • Ranked #1 by overall performance nationwide for banks $500M - $3 billion in assets
  • Total Assets: $919.4 million
  • Total Loans: $635.3 million
  • Net Interest Margin (NIM): 6.12%
  • Efficiency Ratio: 25.8%

2018 Top Performing Banks in DFW by ROAA (Graphic: Business Wire)

DALLAS--()--State Bank of Texas (SBT)—a full-service commercial bank headquartered in Dallas, TX— reported its 2018 year-end results today. As of December 31, 2018, the bank reported total assets of nearly $920 million with net profit of $40.2 million, Return on Average Assets (ROAA) of 3.77%, and total loans of $635.3 million. Among the top 50 banks based in the DFW market, SBT ranked #1 in ROAA (3.77%) and #1 for the lowest efficiency ratio (25.8%); the ranking data was released by Sheshunoff & Co. Investment Banking. In addition, SBT ranked #1 in overall performance nationwide for banks $500 million - $3 billion in assets; the ranking data was released by S&P Global.

SBT’s results were announced by Rajan Patel, EVP and Chief Lending Officer of SBT. “We are pleased with how year-end results demonstrate SBT’s strong competitive position in both the DFW market and nationwide. By continuing a laser focus on our core business of lending in the hospitality industry, we believe our family-owned business can maintain this momentum into the future.”

SBT’s industry-leading results are a continuation of previous years’ results, reflecting the bank’s skill in managing long-term growth and profitability by staying focused on its core business. ROAA, a metric that Warren Buffet uses to identify the best bank investments, gauges a bank’s ability to use its assets to generate income, while efficiency ratio reflects a bank’s overhead as a percentage of revenue.

ROAA comparison data for the top 15 banks based in the DFW market and overall performance comparison data for the top 10 banks in the country are shown in the accompanying graphs.

About State Bank of Texas

State Bank of Texas was founded in 1987 by Chan Patel and continues to be owned and operated by the Patel family, with Chan Patel (father) serving as CEO, Sushil Patel (son) as President, and Rajan Patel (son) as EVP and Chief Lending Officer. As the largest Indian-American-owned bank in the United States, the bank focuses heavily on lending within the hospitality industry. SBT intends to continue its formula of providing strong financial services to hard-working entrepreneurs while applying the same conservative fiscal practices that have been responsible for its historical success.

Contacts

Sushil Patel
President
State Bank of Texas
scpatel@statebnk.com

Rajan Patel
Chief Lending Officer
State Bank of Texas
rcpatel@statebnk.com

Release Summary

State Bank of Texas announces 2018 year-end results and ranks #1 in DFW by ROAA, #1 nationwide in overall performance for banks $500M - $3B in assets

Contacts

Sushil Patel
President
State Bank of Texas
scpatel@statebnk.com

Rajan Patel
Chief Lending Officer
State Bank of Texas
rcpatel@statebnk.com