CBTX, Inc. Declares Quarterly Dividend

Rhea-AI Summary

CBTX, Inc. (Nasdaq: CBTX) announced a quarterly cash dividend of $0.10 per share, payable on July 15, 2020, to shareholders of record by the close of business on July 1, 2020. The company, a bank holding entity for CommunityBank of Texas N.A., holds assets of $3.4 billion and provides commercial banking services in Texas. This announcement is significant for investors seeking income and reflects the company’s ongoing commitment to return value to shareholders despite potential risks, including economic factors and regulatory uncertainties.

Positive

• Declared a quarterly cash dividend of $0.10 per share.
• Demonstrates commitment to returning value to shareholders.
• Maintains significant assets of $3.4 billion.

Negative

• Potential risks related to economic conditions and regulatory scrutiny.
• Concerns over customers' ability to pay amid economic downturn.

HOUSTON, June 19, 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 July 15, 2020 to shareholders of record as of the close of business on July 1, 2020.

About CBTX, Inc.

CBTX, Inc. is the bank holding company for CommunityBank of Texas, N.A., a $3.4 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 is the dividend payable for CBTX?

The dividend is payable on July 15, 2020.

Who are the shareholders eligible for the CBTX dividend?

Shareholders of record as of July 1, 2020, are eligible for the dividend.

What economic risks could affect CBTX's dividend payments?

CBTX faces risks related to economic conditions and regulatory scrutiny that could impact future dividend payments.