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Spirit of Texas Bancshares (Spirit of Texas Bancshares) Scaled Net Operating Assets : -0.07 (As of Dec. 2021)


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What is Spirit of Texas Bancshares Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Spirit of Texas Bancshares's operating assets for the quarter that ended in Dec. 2021 was $2,559.5 Mil. Spirit of Texas Bancshares's operating liabilities for the quarter that ended in Dec. 2021 was $2,792.6 Mil. Spirit of Texas Bancshares's Total Assets for the quarter that ended in Sep. 2021 was $3,154.3 Mil. Therefore, Spirit of Texas Bancshares's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2021 was -0.07.

Spirit of Texas Bancshares Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Spirit of Texas Bancshares's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2021 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2021 )
=(Operating Assets (A: Dec. 2021 )-Operating Liabilities (A: Dec. 2021 ))/Total Assets (A: Dec. 2020 )
=(2960.25-2792.565)/3084.759
=0.05

where

Operating Assets(A: Dec. 2021 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=3266.038 - 305.788
=2960.25

Operating Liabilities(A: Dec. 2021 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2872.222 - 79.657 - 0
=2792.565

Spirit of Texas Bancshares's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2021 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2021 )
=(Operating Assets (Q: Dec. 2021 )-Operating Liabilities (Q: Dec. 2021 ))/Total Assets (Q: Sep. 2021 )
=(2559.502-2792.565)/3154.252
=-0.07

where

Operating Assets(Q: Dec. 2021 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=3266.038 - 706.536
=2559.502

Operating Liabilities(Q: Dec. 2021 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2872.222 - 79.657 - 0
=2792.565

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Spirit of Texas Bancshares Scaled Net Operating Assets Related Terms

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Spirit of Texas Bancshares (Spirit of Texas Bancshares) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Spirit of Texas Bancshares Inc (NAS:STXB) » Definitions » Scaled Net Operating Assets
Comparable Companies
MIL:BDB BEY:BYB XNEP:PCBL FLIC CCNE CARE XTUN:BT OSTO:TFBANK GCBC XNEP:NMB
Traded in Other Exchanges
N/A
Address
1836 Spirit of Texas Way, Conroe, TX, USA, 77301
Website
https://www.sotb.com
Spirit of Texas Bancshares Inc offers a broad range of commercial and retail banking services. The company offers business checking accounts, lending, treasury management, mortgages, personal financial security, and mobile and online banking services. Its only reportable segment being the business, community banking, provides a broad range of retail and commercial banking services.
Executives
David M Mcguire director, officer: President 1836 SPIRIT OF TEXAS WAY CONROE TX 77301
H. D. Patel director 1836 SPIRIT OF TEXAS WAY CONROE TX 77301
Robert S Beall director 1836 SPIRIT OF TEXAS WAY, CONROE TX 77301
Metcalf, Iii Leo T. director 1836 SPIRIT OF TEXAS WAY CONROE TX 77301
Akash J. Patel director 1836 SPIRIT OF TEXAS WAY CONROE TX 77301
Dean O. Bass director, officer: Chairman & CEO 1836 SPIRIT OF TEXAS WAY, CONROE TX 77301
Thomas Jr. Jones director ONE RIVERWAY, SUITE 2020, HOUSTON TX 77056
Steven Gregory Kidd director, 10 percent owner 1836 SPIRIT OF TEXAS WAY CONROE TX 77301
Steven M Morris director 801 CHERRY STREET SUITE 3700, UNIT 19 FORT WORTH TX 76102
Jerry D. Golemon officer: Executive Vice President & COO 1836 SPIRIT OF TEXAS WAY CONROE TX 77301
Thomas C. Sooy director 1836 SPIRIT OF TEXAS WAY CONROE TX 77301
William K. Nix director 1836 SPIRIT OF TEXAS WAY CONROE TX 77301
Jones Allen C Iv director 1836 SPIRIT OF TEXAS WAY CONROE TX 77301
Nelda Luce Blair director 1836 SPIRIT OF TEXAS WAY CONROE TX 77301
Allison Johnson officer: CAO and Interim CFO 2407 PARK DRIVE, HARRISBURG PA 17110