Welcome to our dedicated page for CBTX news (Ticker: CBTX), a resource for investors and traders seeking the latest updates and insights on CBTX stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect CBTX's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of CBTX's position in the market.
CBTX, Inc. and Allegiance Bancshares, Inc. have announced a merger to form Stellar Bancorp, Inc., with Stellar Bank as the new combined entity. This merger, expected to close in Q2 2022, will create a bank with over $11 billion in assets, positioning it as the 6th largest deposit holder in Houston. Robert R. Franklin, Jr. will lead Stellar Bancorp as CEO, emphasizing a commitment to community banking and local decision-making. The new brand name, Stellar Bank, reflects their dedication to exceptional service for clients and stakeholders.
CBTX, Inc. (NASDAQ: CBTX) reported a net income of $10.6 million for Q1 2022, translating to $0.43 per diluted share, compared to a net loss of $545,000 in Q4 2021. Total securities rose by $122.9 million since December 31, 2021, while cash and cash equivalents declined by $179.2 million. The net interest margin improved to 3.22%, although it decreased from 3.71% a year prior. The merger with Allegiance Bank is progressing, with anticipated closure in Q2 2022.
CBTX, Inc. (NASDAQ: CBTX) will hold a quarterly conference call to discuss its first quarter 2022 financial results on April 29, 2022, at 8:00 a.m. CT. Interested parties can access the live webcast via the Company's Investor Relations page and will also find an archived edition available for one year. For audio access, dial (877) 620-1733 from the U.S. or (470) 414-9785 from outside the U.S., using conference call ID 5369784. CBTX is the bank holding company for CommunityBank of Texas, serving small and mid-sized businesses.
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.
CBTX, Inc. (NASDAQ: CBTX) reported a net income of $35.6 million for 2021, equating to $1.45 per diluted share, up from $26.4 million or $1.06 per diluted share in 2020. However, the fourth quarter showed a net loss of $545,000 or $0.02 per diluted share, a stark drop compared to the $14.4 million profit in Q3 2021. Deposits grew by $299.6 million from Q3 to Q4 2021, totaling $3.8 billion. The company also settled BSA/AML compliance issues, incurring an $8.0 million expense. CBTX is pursuing a merger with Allegiance Bank to enhance market position, targeting closure in Q2 2022.
CBTX, Inc. (NASDAQ: CBTX), the bank holding company for CommunityBank of Texas, announced a quarterly conference call scheduled for January 28, 2022, at 8:00 a.m. CT to discuss its fourth quarter 2021 financial results.
Participants can access the call via the Investor Relations page on the company's website or dial in using specific numbers for U.S. and international callers. An archived version will be available for one year. The company emphasizes the importance of forward-looking statements in its communications.
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.
The merger between Allegiance Bancshares and CBTX will create a combined entity with over $11 billion in assets, enhancing competitive positioning in Texas markets. Allegiance shareholders will receive 1.4184 shares of CBTX stock for each share they hold, resulting in a 54% ownership in the new company for Allegiance shareholders. The merger is expected to generate $35.5 million in cost synergies by 2023, improving profitability metrics. It aims for a targeted return on average assets of 1.3% and EPS accretion of 40% for CBTX in the first full year post-merger.
CBTX, Inc. (NASDAQ: CBTX) reported third-quarter 2021 net income of $14.4 million, or $0.59 per diluted share, up from $11.7 million in Q2 2021 and $6.4 million in Q3 2020. The bank experienced a $4.9 million recapture of credit losses due to economic improvements, contributing to a net interest margin of 3.22%. Deposits rose to $3.5 billion, highlighting growth in liquidity. Noninterest income increased to $5.6 million. However, loan balances fell to $2.6 billion as payoffs outpaced originations, impacting net interest income.
FAQ
What is the market cap of CBTX (CBTX)?
