On March 20, S&P Global Market Intelligence released its annual rankings for 2023’s Best-Performing Community Banks (with assets between $3 billion and $10 billion), Best-Performing Community Banks with Assets Below $3 Billion and Top-Performing U.S. Public Banks (with more than $10 billion in total assets). Additionally, S&P Global Market Intelligence announced the annual rankings of Top-Performing Community Banks by Region for the Northeast, South Central, Southeast, West and Midwest. The annual rankings are based on returns, growth and funding, but place a premium on the strength and risk profile of balance sheets.

Texas banks populated S&P’s lists, including Laredo-based International Bancshares Corp. topping the list of best-performing U.S. public banks (with more than $10 billion in assets). IBC recorded a performance score more than 50 percentage points higher than the runner-up along with the highest adjusted tangible capital ratio, the second-highest EPS growth and the second-highest return on average assets among the 100 banks in the analysis.

Another Texas bank at the top of one of S&P’s lists is First State Bank of Odem, which ranked No. 1 as the top-performing bank in the South Central region of the U.S. First State Bank of Odem performed better in six performance metrics compared to the median for the 50 best-performing South Central community banks, as well as six metrics versus the median for all qualified banks in the region. The bank’s ranking was helped by its adjusted tangible common equity-to-tangible assets ratio of 15.74 percent, the ninth highest among the top 50 banks. The Odem Bancshares Inc. subsidiary has four branches, with $100.5 million in gross loans and leases and $161.6 million in total deposits as of the end of 2023.

2023 Best-Performing Texas Community Banks with Less Than $3 Billion in Assets:

• No. 2: First State Bank of Odem
• No. 30: First State Bank of Bedias
• No. 40: Texas Community Bank, Laredo
• No. 42: First National Bank of South Padre Island
• No. 48: Community National Bank, Midland
• No. 50: First National Bank of Burleson
• No. 58: Pavillion Bank, Richardson
• No. 64: Tejas Bank, Monahans
• No. 73: First National Bank of Anson
• No. 77: Amistad Bank, Del Rio
• No. 81: Maverick Bank (formerly Fort Davis State Bank), Fort Davis
• No. 82: Titan Bank NA, Mineral Wells
• No. 83: Citizens National Bank, Crockett
• No. 84: First National Bank of Dublin
• No. 89: Texas Exchange Bank, Crowley
• No. 91: Buckholts State Bank, Buckholts
• No. 92: City National Bank of Taylor
• No. 97: Freedom Bank, Alamo
• No. 98: American Momentum Bank, College Station

2023 Best-Performing Texas Community Banks Between $3 Billion and $10 Billion in Assets:

• No. 17: Olney Bancshares of Texas, Olney
• No. 28: South Plains Financial Inc., Lubbock
• No. 36: VeraBank, Henderson
• No. 40: Lone Star National Bancshares–Texas, McAllen
• No. 41: WestStar Bank, El Paso

2023 Best-Performing Texas-based U.S. Banks with More Than $10 Billion in Assets:

• No. 1: International Bancshares Corp., Laredo
• No. 3: Stellar Bancorp, Houston
• No. 7: First Financial Bankshares, Abilene
• No. 27: Cullen/Frost Bankers, San Antonio
• No. 33: Hilltop Holdings, Dallas

2023 Best-Performing Texas Community Banks in the South Central Region of the U.S.:

• No. 1: First State Bank of Odem
• No. 3: First State Bank of Bedias
• No. 5: Texas Community Bank, Laredo
• No. 7: Texas Exchange Bank, Crowley
• No. 9: Community National Bank, Midland
• No. 10: First National Bank of Burleson
• No. 11: Tejas Bank, Monahans
• No. 12: First National Bank of South Padre Island
• No. 15: Freedom Bank, Alamo
• No. 16: Amistad Bank, Del Rio
• No. 17: Pavillion Bank, Richardson
• No. 18: Titan Bank NA, Mineral Wells
• No. 19: First National Bank of Dublin
• No. 23: Maverick Bank (formerly Fort Davis State Bank), Fort Davis
• No. 24: Buckholts State Bank, Buckholts
• No. 26: First National Bank of Anson
• No. 27: American Momentum Bank, College Station
• No. 33: Citizens National Bank, Crockett
• No. 35 First National Bank of Moody
• No. 37: City National Bank of Taylor
• No. 38: First National Bank of Eldorado
• No. 40: Community Bank, Longview
• No. 41: Bandera Bank, Bandera
• No. 43: ValueBank Texas, Corpus Christi
• No. 44: NewFirst National Bank, El Campo
• No. 45: Citizens State Bank, Anton
• No. 49: National Bank of Andrews
• No. 50: Southwest Bank, Odessa

Click here to read more about S&P Global Market Intelligence’s 2023 Best-Performing Banks.