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Spirit of Texas Bancshares, Inc. (NASDAQ: STXB) declared a quarterly cash dividend of $0.12 per share on February 24, 2022. The dividend will be paid on March 25, 2022 to shareholders of record on March 11, 2022. This ongoing commitment to shareholder returns reflects the company’s focus on delivering value. Spirit of Texas Bank offers a range of banking services across key Texas metropolitan areas.
Spirit of Texas Bancshares (NASDAQ: STXB) reported a net income of $9.1 million for Q4 2021, down from $12.5 million in Q4 2020, with diluted EPS of $0.51 compared to $0.72. The decline was influenced by lower gains from loan sales and increased merger-related expenses. Gross loans rose to $2.32 billion, a 3.08% increase from Q3 2021, and loan demand remains robust with a $1 billion pipeline. However, net interest margin decreased to 3.87%, reflecting higher cash balances. Total deposits increased by 4.2% to $2.78 billion, while non-interest income grew to $4.3 million.
Spirit of Texas Bancshares (NASDAQ: STXB) announced it will release its 2021 fourth quarter financial results on January 26, 2022, after market close. A conference call is set for January 27, 2022, at 11:00 a.m. Eastern Time to discuss these results. The call will be accessible by phone and online, with a replay available until February 3, 2022. The company operates 35 locations across Texas, providing a range of commercial banking products.
On November 18, 2021, Spirit of Texas Bancshares, Inc. (NASDAQ: STXB) declared a quarterly cash dividend of $0.12 per share. This dividend is set to be paid on December 15, 2021 to shareholders of record as of December 1, 2021. Spirit of Texas Bancshares operates a range of banking services across major Texas metropolitan areas, including Houston and Dallas/Fort Worth, enhancing its presence in the local market.
Spirit of Texas Bancshares reported a net income of $10.5 million in Q3 2021, up from $7.1 million in Q3 2020, with diluted earnings per share increasing to $0.59. Key highlights include an 11.8% annualized increase in loans (excluding PPP impact), a net interest margin of 3.92%, and a quarterly dividend raised to $0.12 per share. Total deposits rose 3.8% to $2.67 billion, with nonperforming loans decreasing significantly. The company anticipates further growth driven by strong loan demand.
Spirit of Texas Bancshares, Inc. (NASDAQ: STXB) will announce its 2021 third quarter financial results on October 27, 2021, after the market closes. A conference call is set for October 28, 2021, at 11:00 a.m. Eastern Time to discuss these results. The call can be accessed live by phone or online, with a replay available until November 4, 2021. Spirit of Texas Bank offers a wide range of commercial banking services across multiple Texas metropolitan areas.
Spirit of Texas Bancshares (NASDAQ: STXB) announced a 33% increase in its quarterly cash dividend to $0.12 per share, effective September 24, 2021. Shareholders on record by September 10, 2021 will receive the payment. This decision reflects the company’s ongoing commitment to return value to its shareholders, as it continues to navigate through various economic challenges. The bank operates 37 locations across key Texas metropolitan areas, expanding its reach and customer base.
Spirit of Texas Bancshares (NASDAQ: STXB) reported strong financial results for Q2 2021, with net income of $12.4 million and diluted EPS of $0.70, up from $7.7 million and $0.44 in Q2 2020. Key highlights include a 47.3% increase in non-interest income and an improved net interest margin of 4.06%. The company successfully managed expenses, with a slight increase of only $151k while maintaining asset quality, as non-performing loans decreased by 23.9%. Loan demand appears strong as they anticipate heightened credit needs in the upcoming quarters.
Spirit of Texas Bancshares, Inc. (NASDAQ: STXB) will release its second quarter financial results for 2021 on July 21, 2021, post-market. A subsequent conference call is scheduled for July 22, 2021 at 10:00 a.m. ET to discuss these results. Investors can join via phone or online webcast. The call will also be available for replay until July 29, 2021. Spirit of Texas Bank operates 37 locations across Texas, offering various commercial banking services.
Spirit of Texas Bancshares (NASDAQ: STXB) declared a quarterly cash dividend of $0.09 per share, payable on June 30, 2021 to shareholders of record as of June 25, 2021. This announcement reflects the company's ongoing commitment to return value to shareholders despite the economic uncertainties surrounding the banking sector.
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