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CBTX, Inc. (NASDAQ: CBTX), the bank holding company for CommunityBank of Texas, N.A., will hold a quarterly conference call to discuss its third quarter 2021 financial results on October 28, 2021, at 8:00 a.m. CT. The live webcast can be accessed via the Investor Relations page of the Company’s website, with an archived version available later. Callers can join by dialing (877) 620-1733 from the U.S. or Canada, or (470) 414-9785 from outside the U.S. This announcement underscores CBTX’s commitment to transparency in financial reporting.
CBTX, Inc. has declared a quarterly cash dividend of $0.13 per share, payable on October 15, 2021, to shareholders of record by October 1, 2021. Additionally, the Board has authorized a new share repurchase program allowing the company to buy back up to $40 million of common stock through September 30, 2022. The repurchases will depend on market conditions and corporate priorities, indicating management's intent to enhance shareholder value amidst potential market fluctuations.
CBTX, Inc. reported a net income of $11.7 million for Q2 2021, translating to $0.48 per diluted share, up from $10.0 million or $0.41 in Q1 2021, and significantly higher than $2.2 million or $0.09 in Q2 2020. The company highlighted a positive shift in economic conditions with improved credit quality and growing deposits. A $5.1 million recapture of allowance for credit losses was noted due to economic recoveries. Management expressed optimism about expanding operations and increased customer activity amid challenging competition.
CBTX, Inc. (NASDAQ: CBTX) has announced a quarterly conference call on July 29, 2021, to discuss its second quarter 2021 financial results, set for 8:00 a.m. Central Time. Interested parties can access the live webcast on the Company’s Investor Relations page. An archived version will be available later the same day for one year. The Company emphasizes its focus on community banking solutions for small and mid-sized businesses in Texas.
CBTX, Inc. announced a quarterly cash dividend of $0.13 per share, payable on July 15, 2021, to shareholders of record by July 1, 2021. This decision reflects the company's ongoing commitment to returning value to its shareholders.
CBTX is the bank holding company for CommunityBank of Texas, offering banking solutions primarily to small and mid-sized enterprises in metropolitan areas such as Houston and Dallas.
CBTX, Inc. (NASDAQ: CBTX) reported net income of $10.0 million for Q1 2021, equivalent to $0.41 per diluted share, showing stability compared to $10.2 million in Q4 2020 and an increase from $7.5 million in Q1 2020. Total deposits rose to $3.4 billion, up $83 million from the previous quarter. The bank maintained a solid net interest margin of 3.71% and low nonperforming assets at 0.59% of total assets. Additionally, CBTX increased its quarterly dividend to $0.13 per share. Overall, the company anticipates continued economic recovery and strong balance sheet performance.
CBTX, Inc. (NASDAQ: CBTX) will hold a quarterly conference call on April 29, 2021, at 8:00 a.m. CT to discuss its first quarter 2021 financial results. Investors can access the live webcast on the company's Investor Relations page or by dialing in at (877) 620-1733 from the U.S. An archived edition will be available later that day. CBTX, Inc., with assets of $3.9 billion, provides commercial banking solutions in Texas. Forward-looking statements about future performance and macroeconomic trends may be shared but should be viewed with caution due to inherent uncertainties.
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.
CBTX reported a net income of $10.2 million for Q4 2020, up from $6.4 million in Q3 but down from $12.6 million in Q4 2019. For the full year, net income decreased to $26.4 million from $50.5 million in 2019, primarily due to increased credit loss provisions amid the pandemic. The bank’s total risk-based capital ratio remained strong at 16.71%. Total deposits reached $3.3 billion, reflecting growth despite challenges. Special attention was given to maintaining a solid balance sheet while navigating ongoing COVID-19 impacts.
CBTX, Inc. (NASDAQ: CBTX) will host a quarterly conference call on January 28, 2021, at 8:00 a.m. CT to discuss its fourth quarter 2020 financial results. Investors can access the live webcast via the Company's Investor Relations page. An archived version will be available for one year. CBTX operates CommunityBank of Texas, a bank with $3.8 billion in assets, focused on commercial banking for small and mid-sized businesses in Texas. The call will include forward-looking statements regarding future financial performance and strategies.
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