Spirit of Texas Bancshares, Inc. Increases Quarterly Cash Dividend by 33%
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.
- 33% increase in quarterly cash dividend to $0.12 per share.
- Demonstrates commitment to returning value to shareholders.
- Potential risks related to financial performance and operational results.
- Uncertainties surrounding future dividend payments due to economic conditions.
CONROE, Texas, Aug. 20, 2021 /PRNewswire/ -- Spirit of Texas Bancshares, Inc. (NASDAQ: STXB) (the "Company"), the bank holding company for Spirit of Texas Bank, today announced that on August 19, 2021 its Board of Directors increased its quarterly cash dividend for the Company's common stock by
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 | |
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SOURCE Spirit of Texas Bancshares, Inc.
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