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Spirit of Texas Bancshares

Nasdaq:STXB
Snowflake Description

Flawless balance sheet with high growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
STXB
Nasdaq
$309M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

Spirit of Texas Bancshares, Inc. operates as the holding company for Spirit of Texas Bank SSB that provides various commercial and retail banking services to small and medium-sized businesses and individuals. The last earnings update was 68 days ago. More info.


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STXB Share Price and Events
7 Day Returns
1.5%
NasdaqGS:STXB
-0.2%
US Banks
1.1%
US Market
1 Year Returns
10.2%
NasdaqGS:STXB
-5.9%
US Banks
4.7%
US Market
STXB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Spirit of Texas Bancshares (STXB) 1.5% 0.3% 4.6% 10.2% - -
US Banks -0.2% 2.8% -0.2% -5.9% 45.5% 46.9%
US Market 1.1% 4.3% 2.9% 4.7% 37.7% 43.6%
1 Year Return vs Industry and Market
  • STXB outperformed the Banks industry which returned -5.9% over the past year.
  • STXB outperformed the Market in United States of America which returned 4.7% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

STXB Value

 Is Spirit of Texas Bancshares undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Spirit of Texas Bancshares to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Spirit of Texas Bancshares.

NasdaqGS:STXB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $19.53 * 4.9%
$0.95
Book Value of Equity per Share Weighted future Book Value estimates from 3 analysts. $19.53
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:STXB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.593 (1 + (1- 21%) (21.25%))
0.794
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%)
7.5%

Discounted Cash Flow Calculation for NasdaqGS:STXB using Excess Returns Model Model

The calculations below outline how an intrinsic value for Spirit of Texas Bancshares is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGS:STXB Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (4.9% – 7.5%) * $19.53)
$-0.51
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.51 / (7.5% - 2.73%)
$-10.73
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $19.53 + $-10.73
$8.8
NasdaqGS:STXB Discount to Share Price
Calculation Result
Value per share (USD) From above. $8.80
Current discount Discount to share price of $22.43
= -1 x ($22.43 - $8.80) / $8.80
-154.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Spirit of Texas Bancshares is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Spirit of Texas Bancshares's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Spirit of Texas Bancshares's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:STXB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $1.13
NasdaqGS:STXB Share Price ** NasdaqGS (2019-07-16) in USD $22.43
United States of America Banks Industry PE Ratio Median Figure of 592 Publicly-Listed Banks Companies 12.77x
United States of America Market PE Ratio Median Figure of 3,084 Publicly-Listed Companies 17.98x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Spirit of Texas Bancshares.

NasdaqGS:STXB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:STXB Share Price ÷ EPS (both in USD)

= 22.43 ÷ 1.13

19.92x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Spirit of Texas Bancshares is overvalued based on earnings compared to the US Banks industry average.
  • Spirit of Texas Bancshares is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Spirit of Texas Bancshares's expected growth come at a high price?
Raw Data
NasdaqGS:STXB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.92x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
39.5%per year
United States of America Banks Industry PEG Ratio Median Figure of 271 Publicly-Listed Banks Companies 1.26x
United States of America Market PEG Ratio Median Figure of 2,125 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

NasdaqGS:STXB PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 19.92x ÷ 39.5%

0.5x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Spirit of Texas Bancshares is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Spirit of Texas Bancshares's assets?
Raw Data
NasdaqGS:STXB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $16.72
NasdaqGS:STXB Share Price * NasdaqGS (2019-07-16) in USD $22.43
United States of America Banks Industry PB Ratio Median Figure of 592 Publicly-Listed Banks Companies 1.21x
United States of America Market PB Ratio Median Figure of 5,240 Publicly-Listed Companies 1.81x
NasdaqGS:STXB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:STXB Share Price ÷ Book Value per Share (both in USD)

= 22.43 ÷ 16.72

1.34x

* Primary Listing of Spirit of Texas Bancshares.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Spirit of Texas Bancshares is overvalued based on assets compared to the US Banks industry average.
X
Value checks
We assess Spirit of Texas Bancshares's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Spirit of Texas Bancshares has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

STXB Future Performance

 How is Spirit of Texas Bancshares expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
39.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Spirit of Texas Bancshares expected to grow at an attractive rate?
  • Spirit of Texas Bancshares's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Spirit of Texas Bancshares's earnings growth is expected to exceed the United States of America market average.
  • Spirit of Texas Bancshares's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:STXB Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:STXB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 39.5%
NasdaqGS:STXB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 23.9%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 2.7%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:STXB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:STXB Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 102 29 3
2019-12-31 88 23 3
NasdaqGS:STXB Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 60 14 12
2018-12-31 55 14 10
2018-09-30 50 16 8
2018-06-30 48 10 7
2018-03-31 48 16 7
2017-12-31 46 14 5
2016-12-31 40 7 4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Spirit of Texas Bancshares's earnings are expected to grow significantly at over 20% yearly.
  • Spirit of Texas Bancshares's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:STXB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Spirit of Texas Bancshares Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:STXB Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 1.99 2.17 1.90 3.00
2019-12-31 1.66 1.68 1.65 3.00
NasdaqGS:STXB Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 1.13
2018-12-31 1.08
2018-09-30 0.96
2018-06-30 0.94
2018-03-31 0.89
2017-12-31 0.65
2016-12-31 0.51

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Spirit of Texas Bancshares will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Spirit of Texas Bancshares's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Spirit of Texas Bancshares has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

STXB Past Performance

  How has Spirit of Texas Bancshares performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Spirit of Texas Bancshares's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Spirit of Texas Bancshares has delivered over 20% year on year earnings growth in the past 5 years.
  • Spirit of Texas Bancshares's 1-year earnings growth exceeds its 5-year average (80.4% vs 35.1%)
  • Spirit of Texas Bancshares's earnings growth has exceeded the US Banks industry average in the past year (80.4% vs 40.7%).
Earnings and Revenue History
Spirit of Texas Bancshares's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Spirit of Texas Bancshares Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:STXB Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 60.36 11.78 37.88
2018-12-31 55.34 9.98 36.64
2018-09-30 50.45 7.99 34.54
2018-06-30 48.33 7.22 34.06
2018-03-31 48.07 6.53 33.42
2017-12-31 45.74 4.73 32.35
2016-12-31 40.21 3.63 30.64
2015-12-31 39.58 3.42 29.42

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Spirit of Texas Bancshares has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Spirit of Texas Bancshares used its assets less efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if Spirit of Texas Bancshares improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Spirit of Texas Bancshares's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Spirit of Texas Bancshares has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

STXB Health

 How is Spirit of Texas Bancshares's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Spirit of Texas Bancshares's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Spirit of Texas Bancshares Company Filings, last reported 3 months ago.

NasdaqGS:STXB Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 203.98 65.68 122.66
2018-12-31 198.80 80.42 68.32
2018-09-30 150.89 74.96 44.38
2018-06-30 147.99 81.19 53.23
2018-03-31 102.98 90.20 52.54
2017-12-31 99.14 91.41 43.89
2016-12-31 92.90 71.02 140.48
2015-12-31 87.31 91.85 81.99
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Spirit of Texas Bancshares has an acceptable proportion of non-loan assets held.
  • Spirit of Texas Bancshares's liabilities are made up of primarily low risk sources of funding.
  • Loans at Spirit of Texas Bancshares are broadly funded by customer deposits.
  • Spirit of Texas Bancshares's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Spirit of Texas Bancshares has a sufficient allowance for bad loans.
  • Spirit of Texas Bancshares has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Spirit of Texas Bancshares's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Spirit of Texas Bancshares has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

STXB Dividends

 What is Spirit of Texas Bancshares's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Spirit of Texas Bancshares dividends.
If you bought $2,000 of Spirit of Texas Bancshares shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Spirit of Texas Bancshares's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Spirit of Texas Bancshares's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:STXB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 479 Stocks 3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:STXB Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Spirit of Texas Bancshares has not reported any payouts.
  • Unable to verify if Spirit of Texas Bancshares's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Spirit of Texas Bancshares's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Spirit of Texas Bancshares has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Spirit of Texas Bancshares's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Spirit of Texas Bancshares afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Spirit of Texas Bancshares has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

STXB Management

 What is the CEO of Spirit of Texas Bancshares's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Dean Bass
COMPENSATION $816,084
AGE 68
TENURE AS CEO 11.5 years
CEO Bio

Mr. Dean O. Bass is the Chairman and Chief Executive Officer at Spirit of Texas Bancshares, Inc. since 2008. He was employed by Royal Oaks Bank, SSB, serving as its President and CEO. From 1996 to 2000 he was employed by Horizon Capital Bank where he served as Senior Vice President. Mr. Bass has been involved in the formation of several de novo banking offices and branches. Mr. Bass has served in bank officer positions ranging from Executive Vice President to President and Chairman of the Board. Mr. Bass was a National Bank Examiner for the Office of the Comptroller of the Currency from 1975 through 1979. Mr. Bass holds a Bachelor of Business Administration degree from Abilene Christian University.

CEO Compensation
  • Dean's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Dean's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Spirit of Texas Bancshares management team in years:

6.5
Average Tenure
62
Average Age
  • The average tenure for the Spirit of Texas Bancshares management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Dean Bass

TITLE
Chairman of the Board & CEO
COMPENSATION
$816K
AGE
68
TENURE
11.5 yrs

David McGuire

TITLE
President & Director
COMPENSATION
$810K
AGE
55
TENURE
10.5 yrs

Jeff Powell

TITLE
Executive VP & CFO
COMPENSATION
$445K
AGE
61
TENURE
2 yrs

Jerry Golemon

TITLE
Executive VP & COO
COMPENSATION
$415K
AGE
63
TENURE
2.5 yrs
Board of Directors Tenure

Average tenure and age of the Spirit of Texas Bancshares board of directors in years:

9.5
Average Tenure
65
Average Age
  • The tenure for the Spirit of Texas Bancshares board of directors is about average.
Board of Directors

David McGuire

TITLE
President & Director
COMPENSATION
$810K
AGE
55

Steve Morris

TITLE
Director
COMPENSATION
$90K
AGE
67
TENURE
11.5 yrs

Dean Bass

TITLE
Chairman of the Board & CEO
COMPENSATION
$816K
AGE
68
TENURE
11.5 yrs

Tom Sooy

TITLE
Director
COMPENSATION
$90K
AGE
72
TENURE
9.5 yrs

Tommy Metcalf

TITLE
Director
COMPENSATION
$86K
AGE
71
TENURE
9.5 yrs

Akash Patel

TITLE
Director
COMPENSATION
$64K
AGE
36
TENURE
10.5 yrs

H. Patel

TITLE
Director
COMPENSATION
$61K
AGE
75
TENURE
2.8 yrs

Robert Beall

TITLE
Director
COMPENSATION
$63K
AGE
61
TENURE
6.5 yrs

Thomas Jones

TITLE
Director
COMPENSATION
$61K
AGE
63
TENURE
2 yrs

Kendall Nix

TITLE
Director
AGE
57
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Spirit of Texas Bancshares individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
04. Jun 19 Buy Robert Beall Individual 30. May 19 31. May 19 6,000 $22.25 $133,190
15. Mar 19 Buy Leo Metcalf Individual 14. Mar 19 14. Mar 19 941 $21.45 $20,184
06. Mar 19 Buy Steven Morris Individual 04. Mar 19 04. Mar 19 1,000 $21.60 $21,600
25. Feb 19 Buy Steven Morris Individual 25. Feb 19 25. Feb 19 1,000 $21.65 $21,650
02. Oct 18 Buy Thomas Sooy Individual 28. Sep 18 28. Sep 18 1,710 $10.50 $17,955
X
Management checks
We assess Spirit of Texas Bancshares's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Spirit of Texas Bancshares has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

STXB News

Simply Wall St News

What Kind Of Shareholder Appears On The Spirit of Texas Bancshares, Inc.'s (NASDAQ:STXB) Shareholder Register?

As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.' With a market capitalization of US$307m, Spirit of Texas Bancshares is a small cap stock, so it might not be well known by many institutional investors. … View our latest analysis for Spirit of Texas Bancshares NasdaqGS:STXB Ownership Summary, July 10th 2019 What Does The Institutional Ownership Tell Us About Spirit of Texas Bancshares? … As you can see, institutional investors own 30% of Spirit of Texas Bancshares.

Simply Wall St -

Don't Sell Spirit of Texas Bancshares, Inc. (NASDAQ:STXB) Before You Read This

The formula for price to earnings is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Spirit of Texas Bancshares: P/E of 19.26 = $21.68 ÷ $1.13 (Based on the trailing twelve months to March 2019.) Is A High Price-to-Earnings Ratio Good? … NasdaqGS:STXB Price Estimation Relative to Market, June 7th 2019 Its relatively high P/E ratio indicates that Spirit of Texas Bancshares shareholders think it will perform better than other companies in its industry classification. … The Bottom Line On Spirit of Texas Bancshares's P/E Ratio Spirit of Texas Bancshares has a P/E of 19.3.

Simply Wall St -

How Many Spirit of Texas Bancshares, Inc. (NASDAQ:STXB) Shares Did Insiders Buy, In The Last Year?

So shareholders might well want to know whether insiders have been buying or selling shares in Spirit of Texas Bancshares, Inc. … The Last 12 Months Of Insider Transactions At Spirit of Texas Bancshares. … Happily, the Spirit of Texas Bancshares insiders decided to buy shares at close to current prices.

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Financial Metrics For Spirit of Texas Bancshares, Inc. (NASDAQ:STXB)

As a small-cap bank stock with a market capitalisation of US$293m, Spirit of Texas Bancshares, Inc.’s (NASDAQ:STXB) risk and profitability are largely determined by the underlying economic growth of the US regions in which it operates. … These reforms target banking regulations and intends to enhance financial institutions’ ability to absorb shocks resulting from economic stress which could expose banks like Spirit of Texas Bancshares to vulnerabilities. … Low levels of leverage coupled with sufficient liquidity may place Spirit of Texas Bancshares in a safe position in the face of adverse headwinds.

Simply Wall St -

What Percentage Of Spirit of Texas Bancshares, Inc. (NASDAQ:STXB) Shares Do Insiders Own?

A look at the shareholders of Spirit of Texas Bancshares, Inc. … With a market capitalization of US$267m, Spirit of Texas Bancshares is a small cap stock, so it might not be well known by many institutional investors. … Check out our latest analysis for Spirit of Texas Bancshares

Simply Wall St -

Have Insiders Been Buying Spirit of Texas Bancshares, Inc. (NASDAQ:STXB) Shares?

So we'll take a look at whether insiders have been buying or selling shares in Spirit of Texas Bancshares, Inc. … Spirit of Texas Bancshares Insider Transactions Over The Last Year. … In the last twelve months there was more buying than selling by Spirit of Texas Bancshares insiders

Simply Wall St -

Why Spirit of Texas Bancshares Inc’s (NASDAQ:STXB) Risk Control Makes It Attractive

As a small-cap bank with a market capitalisation of US$183m, Spirit of Texas Bancshares Inc’s (NASDAQ:STXB) profit and value are directly affected by economic growth. … Risk associated with repayment is measured by bad debt which is written off as an expense, impacting Spirit of Texas Bancshares’s bottom line. … Today we will analyse Spirit of Texas Bancshares’s level of bad debt and liabilities in order to understand the risk involved with investing in the bank.

Simply Wall St -

Is Spirit of Texas Bancshares Inc (NASDAQ:STXB) Attractive At This PE Ratio?

and want to start learning about core concepts of fundamental analysis on practical examples from today's market. … Spirit of Texas Bancshares Inc (NASDAQ:STXB) is currently trading at a trailing P/E of 21.9, which is higher than the industry average of 17. … View our latest analysis for Spirit of Texas Bancshares

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What Makes Spirit of Texas Bancshares Inc (NASDAQ:STXB) A Hard Investment?

As a small-cap finance stock with a market capitalisation of US$215.1m, the risk and profitability of Spirit of Texas Bancshares Inc (NASDAQ:STXB) are largely tied to the underlying economic growth of the region it operates in US. … Unpredictable macro events such as political instability could weaken its financial position which is why it is important to understand how well the bank manages its risk levels. … Today we will be measuring Spirit of Texas Bancshares’s financial risk position by looking at three leverage and liquidity metrics.

Simply Wall St -

Is Spirit of Texas Bancshares Inc (NASDAQ:STXB) Over-Exposed To Risk?

As a small-cap bank with a market capitalisation of US$210.41m, Spirit of Texas Bancshares Inc’s (NASDAQ:STXB) profit and value are directly affected by economic growth. … Risk associated with repayment is measured by bad debt which is written off as an expense, impacting Spirit of Texas Bancshares’s bottom line. … View our latest analysis for Spirit of Texas Bancshares

Simply Wall St -

STXB Company Info

Description

Spirit of Texas Bancshares, Inc. operates as the holding company for Spirit of Texas Bank SSB that provides various commercial and retail banking services to small and medium-sized businesses and individuals. It offers checking accounts, money market accounts, savings accounts, certificates of deposit, and IRA accounts. The company also provides commercial and industrial loans; 1-4 single family residential real estate loans; construction, land, and development loans; commercial real estate loans, such as owner-occupied commercial real estate loans, other commercial real estate loans, and multifamily loans and farmland; consumer loans and leases; and municipal and other loans. In addition, it offers debit and credit cards, safe deposit boxes, wire transfer and treasury management services, and online banking services; and invests in U.S. Treasury bills and notes, as well as in securities of federally sponsored agencies, such as Federal Home Loan Bank bonds. The company operates through a network of 23 full-service branches located in the Houston, Dallas/Fort Worth, and Bryan/College Station metropolitan areas, as well as North Central Texas. Spirit of Texas Bancshares, Inc. was founded in 2008 and is headquartered in Conroe, Texas.

Details
Name: Spirit of Texas Bancshares, Inc.
STXB
Exchange: NasdaqGS
Founded: 2008
$309,090,603
13,780,232
Website: http://www.sotb.com
Address: Spirit of Texas Bancshares, Inc.
1836 Spirit of Texas Way,
Conroe,
Texas, 77301,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS STXB Common Stock Nasdaq Global Select US USD 04. May 2018
Number of employees
Current staff
Staff numbers
284
Spirit of Texas Bancshares employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/17 00:57
End of day share price update: 2019/07/16 00:00
Last estimates confirmation: 2019/07/09
Last earnings filing: 2019/05/10
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.