Spirit of Texas Bancshares, Inc. (STXB) Research

Spirit of Texas Bancshares, Inc. operates as the parent company for Spirit of Texas Bank SSB, providing a comprehensive range of commercial and retail banking services. Its offerings include various deposit accounts such as checking, money market, savings, and individual retirement accounts, alongside diverse certificates of deposit. The company's lending portfolio is extensive, featuring commercial and industrial financing, mortgages for 1-4 unit single-family homes, construction, land, and development loans, as well as a spectrum of commercial real estate credit facilities covering owner-occupied, non-owner-occupied, multifamily, and farmland properties. Additionally, they provide consumer loans, leases, and municipal lending. Beyond core banking, Spirit of Texas delivers numerous ancillary services, including treasury management solutions, online and mobile banking platforms for both consumer and commercial clients, safe deposit boxes, wire transfer capabilities, debit cards, and ATM access. The institution also facilitates credit card processing and offers co-branded credit card options. Furthermore, it strategically invests in U.S. Treasury bills and notes, along with securities issued by federally sponsored agencies like the Federal Home Loan Bank. As of February 26, 2022, Spirit of Texas had a significant footprint with 35 locations established across major Texas metropolitan areas including Houston, Dallas/Fort Worth, Bryan/College Station, Austin, San Antonio-New Braunfels, Corpus Christi, and Tyler, complemented by offices in North Central and South Texas. The company caters to a diverse client base, encompassing individuals, professionals, and small, medium, and large commercial businesses. Founded in 2008, Spirit of Texas Bancshares, Inc. is headquartered in Conroe, Texas.

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