Spirit of Texas Bancshares, Inc. Declares Quarterly Cash Dividend
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.
- Quarterly cash dividend of $0.09 per share enhances shareholder returns.
- Demonstrates the company's commitment to providing consistent shareholder value.
- Potential risks related to financial performance and economic uncertainties.
- Forward-looking statements indicate concerns over future dividends.
CONROE, Texas, June 14, 2021 /PRNewswire/ -- Spirit of Texas Bancshares, Inc. (NASDAQ: STXB) (the "Company"), the bank holding company for Spirit of Texas Bank, today announced that its Board of Directors has declared a quarterly cash dividend in the amount of
About Spirit of Texas Bancshares, Inc.
Spirit, through its wholly-owned subsidiary, Spirit of Texas Bank SSB (the "Bank"), provides a wide range of relationship-driven commercial banking products and services tailored to meet the needs of businesses, professionals and individuals. The Bank has 37 locations in the Houston, Dallas/Fort Worth, Bryan/College Station, Austin, San Antonio-New Braunfels, Corpus Christi and Tyler metropolitan areas, along with offices in North Central and South Texas. Please visit https://www.sotb.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 the Company with the Securities and Exchange Commission. You should not place undue reliance on forward-looking statements and, except as required by law, the Company 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.
Contacts: | Dennard Lascar Investor Relations |
Ken Dennard / Natalie Hairston | |
(713) 529-6600 | |
View original content:http://www.prnewswire.com/news-releases/spirit-of-texas-bancshares-inc-declares-quarterly-cash-dividend-301311798.html
SOURCE Spirit of Texas Bancshares, Inc.
FAQ
What is the dividend amount declared by Spirit of Texas Bancshares (STXB)?
When will the dividend be paid to shareholders of STXB?
What is the record date for the dividend payment by STXB?
How does the dividend declaration impact STXB investors?
Are there any risks associated with the dividend payments of STXB?
