CBTX, Inc. Declares Quarterly Dividend

Rhea-AI Summary

HOUSTON, Dec. 16, 2021 (GLOBE NEWSWIRE) -- CBTX, Inc. (Nasdaq: CBTX) has declared a quarterly cash dividend of $0.13 per share, payable on January 14, 2022, to shareholders of record as of January 3, 2022. This dividend marks a commitment to returning value to shareholders amidst ongoing challenges, including economic risks related to COVID-19 and the oil and gas industry. CBTX serves small and mid-sized businesses in Texas, providing essential commercial banking solutions.

Positive

• Declared a quarterly cash dividend of $0.13 per share, enhancing shareholder value.
• Dividend payout reinforces the company's financial stability and confidence.

Negative

• Economic risks tied to COVID-19 and instability in the oil and gas sector may impact financial performance.
• Potential regulatory risks and uncertainty surrounding future dividend payments.

HOUSTON, Dec. 16, 2021 (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 $0.13 per share of common stock. The dividend will be payable on January 14, 2022 to shareholders of record as of the close of business on January 3, 2022.

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

What is the dividend amount declared by CBTX?

CBTX declared a quarterly cash dividend of $0.13 per share.

When will CBTX's dividend be paid?

The dividend will be payable on January 14, 2022.

What is the record date for CBTX's dividend?

The record date for the dividend is January 3, 2022.

What are the risks associated with CBTX's dividend payments?

Potential risks include economic instability due to COVID-19 and regulatory challenges.