CBTX, Inc. Declares Quarterly Dividend

Rhea-AI Summary

CBTX, Inc. (Nasdaq: CBTX) has declared a quarterly cash dividend of $0.10 per share, payable on October 15, 2020, to shareholders of record as of the close of business on October 1, 2020. As a bank holding company for CommunityBank of Texas, N.A., which manages $3.9 billion in assets, CBTX provides commercial banking services to small and mid-sized businesses in Texas. The announcement reflects the company's ongoing commitment to returning value to shareholders amidst various market uncertainties.

Positive

• Quarterly cash dividend declared at $0.10 per share, reflecting shareholder return.
• Company maintains a solid asset base of $3.9 billion.

Negative

• Potential risks associated with future dividend payments due to economic impact from COVID-19.
• Forward-looking statements may not guarantee actual results due to uncertainties.

HOUSTON, Sept. 16, 2020 (GLOBE NEWSWIRE) -- CBTX, Inc. (Nasdaq: CBTX), the bank holding company for CommunityBank of Texas N.A., today announced that its Board of Directors declared a quarterly cash dividend in the amount of $0.10 per share of common stock. The dividend will be payable on October 15, 2020 to shareholders of record as of the close of business on October 1, 2020.

About CBTX, Inc.

CBTX, Inc. is the bank holding company for CommunityBank of Texas, N.A., a $3.9 billion asset bank, offering commercial banking solutions to small and mid-sized businesses and professionals in Houston, Dallas, Beaumont and surrounding communities in Texas. Visit www.communitybankoftx.com for more information.

Forward-Looking Statements
This press release includes forward-looking statements within the meaning of the “Safe-Harbor” provisions of the Private Securities Litigation Reform Act of 1995, which may be identified by conditional or future language such as the word “will”, among others. These statements (including future payments of dividends) are necessarily subject to risk and uncertainty and actual results could differ materially from those anticipated due to various factors, including risks and factors related to our financial performance and results of operations, regulatory risks and the costs, effects, and results of regulatory examinations, reviews, or investigations, or the ability to obtain required regulatory approvals, interest rate risks, economic risks related to the impact of the novel coronavirus (including risks related to our customers’ ability to pay, our ability to borrow, and the impact of a resultant recession generally), and other hazards such as weather conditions, other pandemics, acts of war or terrorist acts and the governmental or military response thereto, and those additional risks and factors set forth from time to time in the documents filed or furnished by CBTX, Inc. with the Securities and Exchange Commission. You should not place undue reliance on forward-looking statements and CBTX, Inc. undertakes no obligation to update any such statements to reflect circumstances or events that occur after the date on which the forward-looking statement is made.

FAQ

What is the dividend amount declared by CBTX?

CBTX declared a quarterly cash dividend of $0.10 per share.

When will the dividend be paid to shareholders?

The dividend will be payable on October 15, 2020.

What is the record date for CBTX's dividend payment?

The record date for the dividend payment is October 1, 2020.

How does CBTX's asset size impact its dividend declaration?

CBTX's asset size of $3.9 billion supports its ability to return value to shareholders through dividends.

What factors could affect CBTX's future dividend payments?

Future dividend payments are subject to economic risks, regulatory approvals, and performance uncertainties.