CBTX, Inc. Declares Quarterly Dividend

Rhea-AI Summary

CBTX, Inc. (Nasdaq: CBTX) announced a quarterly cash dividend of $0.10 per share, payable on January 15, 2021, to shareholders on record as of January 4, 2021. This decision reflects the company's ongoing commitment to returning value to its shareholders. CBTX operates CommunityBank of Texas, a bank with $3.8 billion in assets, providing banking solutions to businesses in Texas.

Positive

• Quarterly cash dividend of $0.10 per share demonstrates commitment to shareholder value.
• Company operates a $3.8 billion asset bank, indicating healthy financial standing.

Negative

• Forward-looking statements reveal potential risks related to financial performance and economic factors.
• Concerns regarding the impact of COVID-19 and instability in the oil and gas industry on operational risks.

HOUSTON, Dec. 17, 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 January 15, 2021 to shareholders of record as of the close of business on January 4, 2021.

About CBTX, Inc.

CBTX, Inc. is the bank holding company for CommunityBank of Texas, N.A., a $3.8 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 COVID-19 and the sustained instability of the oil and gas industry (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 January 15, 2021.

What is the record date for the CBTX dividend?

The record date for the dividend is January 4, 2021.

How does CBTX's financial performance affect its dividends?

CBTX's financial performance, including economic factors and operational risks, can influence future dividend payments.