Texas Banks

Part
01
of five
Part
01

Texas Banks (1)

We have provided the requested information in the attached project spreadsheet. Apart from the bank websites and Twitter feeds, our data has primarily come from Zoominfo and iBanknet, with the former being the most informative source for revenue and employee count. Among the more interesting details discovered in the course of our research:
The information on the assigned Texas banks has been included in rows 2-30 of the attached Google spreadsheet.  Please note that ZoomInfo provides quarterly revenue information. Therefore, when using it, we summed up figures for all four quarters.
Part
02
of five
Part
02

Texas Banks (2)

The information on the assigned Texas banks has been included in rows 31-59 of the attached spreadsheet.

Selected Findings

  • First State Bank Central Texas was rebranded as a branch of BancorpSouth.
  • Frontier Bank of Texas has the lowest estimated annual revenue — $23,500,000.
  • Frost Bank and Compass Bank are the only two institutions that have over one billion in revenue.
  • Comerica Bank, Compass Bank, First Command Bank, First State Bank Central Texas, and Frost Bank have more than 1,000 employees.
  • Banks with the employee count below 30 are Frontier Bank of Texas, Gilmer National Bank, First State Bank, First State Bank of Burnet.


Research Strategy

We started looking for each bank's revenue and employee count by searching through its website, focusing on annual reports, investor presentations, and 10-K filings. However, most banks on the list don't disclose their financial information.

Then, we checked the banks' profiles on Craft. If that didn't produce any results, we looked at the information included in different databases: ZoomInfo, Crunchbase, Bankrate, and Bloomberg. We found the estimations for most companies. However, in some cases, there were no results (which was noted in the spreadsheet with "N/A" in the appropriate cells).

ZoomInfo provides quarterly revenue information. Therefore, when using it, we summed up figures for all four quarters.

Also, there were a few banks (Commercial Bank of Texas, Compass Bank, and Frost Bank) for which the annual report was available but didn't include a total revenue figure. In those cases, we summed up the total interest income and total non-interest income to come up with a reliable estimation.

There are several banks that don't have Twitter accounts. We verified it by checking social media handles on their websites, searching the Twitter platform, and looking at their employees' tweets about the bank (which didn't include a tag).
Part
03
of five
Part
03

Texas Banks (3)

Texas Banks' websites, Twitter handles, estimated revenues, and employee numbers have been provided in rows 60-88 of the attached spreadsheet. There are several banks that did not have a Twitter account (like, Golden Bank, Incommons Bank and Industry State Bank). Additionally, there were several banks which were acquired. The details of these acquired banks are presented below.

Grand Bank of Texas

Green Bank

Hamlin National Bank

Inter National Bank

Research Strategy:

To locate the relevant data for the given Texas banks, your research team employed a number of strategies. The team began by locating each bank's website. From the websites we were able to identify the bank's social media profiles (that is, their Twitter accounts) and in some cases annual reports which provided their revenues, as well as, the number of employees. However, this strategy did not offer all the required information for all the banks. Consequently, we also leveraged third-party databases like Craft, Bankrate, Zoominfo and iBanknet among others. Using these databases we were able to gain the needed data on the banks' revenues and number of employees. However, we found some banks had been acquired. For such banks, we have provided the relevant details (for those whose acquirer is headquartered in Texas) in the above section.



Part
04
of five
Part
04

Texas Banks (4)

The requested details have been provided and can be found in the attached spreadsheet.

Summary of Findings

Revenue

The estimated revenue for these banks could not be found precompiled, therefore, we used the total income. The total income includes the income before expenses and is a combination of interest income and non-interest income. Since both sets of income were presented separately, calculations were done to arrive at the total. They were as follows:


Twitter Page

The Twitter page could not be ascertained for Normangee State Bank, NorthStar Bank of Texas, Panola National Bank, SouthStar Bank, Post Oak Bank, Prosperity Bank, Rio Bank, Round Top State Bank, Sage Capital Bank, Sanger Bank, State Bank of Texas, Sundown State Bank and T Bank. For this information, we searched Twitter, the websites of each company as well as databases such as Crunchbase, Craft and Zoominfo. We assumed the websites would have the twitter accounts as this is customary for most companies. We also thought that databases would mention recent tweets or posts done on Twitter.

Part
05
of five
Part
05

Texas Banks (5)

In rows 117 through 144 of the attached spreadsheet, the designated banks' websites, Twitter handles, estimated revenues, and employee numbers have been added. Below is a brief overview of our findings, followed by an explanation of our research strategy.

Findings

  • Of the banks in these rows, Texas Capital Bank has the highest revenue, at $1.2 billion.
  • Of the banks in these rows, Woodforest Bank has the highest number of employees, with 4,941.
  • Titan Bank has the lowest revenue of any bank in this set at $4.6 million.
  • Texas Heritage Bank has the fewest employees of any bank in this set with 23.
Several banks did not have Twitter handles, including the following:
  • Texas Advantage Community Bank
  • Texas Champion Bank
  • Texas Community Bank
  • Texas First State Bank
  • Texas Heritage Bank
  • Texas Regional Bank
  • The Bank & Trust
  • The Marfa National Bank
  • Wellington State Bank
  • West Texas National Bank
  • West Texas State Bank
  • WestStar Bank
  • Zapata National Bank
In addition, Texas Star Bank merged with BancorpSouth, and as such we provided information for BancorpSouth in lieu of Texas Star Bank in row 130.

Research Strategy

After locating each company's website, we conducted a search of Twitter to find the company's Twitter handle, if it had one. We then conducted a search of a variety of relevant sources, including the company's website and annual reports, ZoomInfo, Bankrate, Bloomberg, Craft, and Crunchbase to determine the company's estimated revenue and its number of employees. This allowed us to find employee data for all companies, and revenue data for all but Woodforest Bank.
Sources
Sources

From Part 01
From Part 03
From Part 04