Spirit of Texas Bancshares, Inc. Reports First Quarter 2019 Financial Results
Spirit of Texas Bancshares, Inc. (STXB)
Last spirit of texas bancshares, inc. earnings: 4/29 04:30 pm
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Source: PR Newswire
CONROE, Texas, April 29, 2019 /PRNewswire/ -- Spirit of Texas Bancshares, Inc. (NASDAQ: STXB) ("Spirit" or the "Company"), the bank holding company for Spirit of Texas Bank, today reported its results as of and for the quarter ended March 31, 2019. First Quarter 2019 Financial and Operational HighlightsNet income for the first quarter of 2019 increased to $3.8 million, compared to $2.0 million in the first quarter of 2018. Adjusted net income(1) for the first quarter of 2019 was $4.1 million, which excluded $1.4 million of after-tax, merger-related expenses and $1.1 million of gain on sale of investment securities. Diluted earnings per share were $0.30 for the first quarter of 2019, compared to $0.27 for the first quarter of 2018. Adjusted diluted earnings per share(1) were $0.33 for the first quarter of 2019, which excluded $.1.4 million of after-tax, merger-related expenses and $1.1 million of gain on sale of investment securities. Reported and tax equivalent net interest margin(1)
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