CBTX, Inc. Declares Quarterly Dividend
CBTX, Inc. (Nasdaq: CBTX) has declared a quarterly cash dividend of $0.13 per share, set to be paid on April 15, 2022, to shareholders on record as of April 1, 2022. This dividend reflects the company's commitment to returning value to its shareholders while serving small and mid-sized businesses in Texas.
It is important for investors to consider various risks highlighted in the accompanying forward-looking statements, which include potential impacts from regulatory scrutiny and economic challenges tied to the oil and gas sector.
- Quarterly cash dividend of $0.13 per share demonstrates commitment to shareholder returns.
- Potential risks associated with regulatory examinations and the economic impact of COVID-19.
- Concerns over the oil and gas industry's instability affecting customer credit quality.
HOUSTON, March 17, 2022 (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
About CBTX, Inc.
CBTX, Inc. is the bank holding company for CommunityBank of Texas, N.A., a community 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 the Company’s 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 in general and within Texas (including risks related to our customer’s credit quality, deferrals and modifications to loans), 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.
| Investor Relations: | Media Contact: |
| Justin M. Long | Ashley K. Warren |
| 281.325.5013 | 713.210.7622 |
| investors@CBoTX.com | awarren@CBoTX.com |
FAQ
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