CBTX, Inc. Reports Third Quarter Financial Results
CBTX, Inc. (CBTX)
Last cbtx, inc. earnings: 4/30 06:00 am
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US:NASDAQ Investor Relations:
ir.cbtxinc.com/investor-relations
Company Research
Source: GlobeNewswire
HOUSTON, Dec. 14, 2017 (GLOBE NEWSWIRE) -- CBTX, Inc. (the “Company”) (NASDAQ:CBTX), the bank holding company for CommunityBank of Texas N.A., today announced the results for the quarter ended September 30, 2017. The Company reported net income of $10.0 million, or $0.45 per diluted share, for the quarter ended September 30, 2017, compared to $6.8 million, or $0.31 per diluted share, for the quarter ended September 30, 2016 and $8.7 million, or $0.39 per diluted share, for the quarter ended June 30, 2017. Highlights Increased total deposits by $38.8 million to $2.6 billion compared to second quarter 2017.Improved efficiency ratio of 60.7%, compared to 62.8% for second quarter 2017.Credit measures remain strong.Completed successful initial public offering on November 10, 2017. CBTX, Inc. Chairman and Chief Executive Officer Robert R. Franklin Jr. commented, “We are very pleased to have recently completed our initial public offering of 2.76 million shares of our common stock, gene
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