CBTX, Inc. Declares Quarterly Dividend

Rhea-AI Summary

CBTX, Inc. (Nasdaq: CBTX) announced a quarterly cash dividend of $0.13 per share, increasing from $0.10 per share previously. This dividend will be payable on April 15, 2021, to shareholders of record as of April 1, 2021.

CommunityBank of Texas, CBTX's banking subsidiary, has assets of $3.9 billion and serves small to mid-sized businesses in Texas.

Positive

• Dividend increase from $0.10 to $0.13 indicates company growth.
• Confident shareholder return with timely dividends.

Negative

• Potential risks from economic instability, including the impact of COVID-19 and oil industry fluctuations.

HOUSTON, March 17, 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, an increase of $0.03 per share from the previous cash dividend of $0.10 per share of common stock paid on January 15, 2021. The dividend will be payable on April 15, 2021 to shareholders of record as of the close of business on April 1, 2021.

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 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 in March 2021?

The dividend amount declared is $0.13 per share.

When will CBTX's dividend be paid in 2021?

The dividend will be paid on April 15, 2021.

What was the previous dividend amount for CBTX before the increase?

The previous dividend amount was $0.10 per share.

Who is eligible to receive the CBTX dividend?

Shareholders of record as of close on April 1, 2021, are eligible.

How does CBTX's dividend reflect its financial health?

The increased dividend suggests improving financial performance and shareholder confidence.