Spirit of Texas Bancshares, Inc. Reports Fourth Quarter 2018 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: GlobeNewswire
CONROE, Texas, Jan. 30, 2019 (GLOBE NEWSWIRE) -- Spirit of Texas Bancshares, Inc. (NASDAQ: STXB) (the “Company”), the bank holding company for Spirit of Texas Bank, today reported its results for its fourth quarter December 31, 2018. Fourth Quarter 2018 Financial and Operational Highlights Net income increased to $2.5 million compared to $523 thousand in the fourth quarter 2017. Adjusted net income(1) was $3.8 million, which excluded $1.3 million of after-tax, merger-related expenses.Diluted earnings per share was $0.22 compared to $0.07 in the fourth quarter 2017. Adjusted diluted earnings per share(1) was $0.33, respectively, which excluded $1.3 million of after-tax, merger-related expenses.Reported and Tax Equivalent Net Interest Margin(1) were 4.59% and 4.62%, respectively.Organic deposit growth of $12.7 million or 5.8% annualized.Organic loan growth of $22.6 million or 9.4% annualized.Return on Average Assets was 0.78% annualized for the fourth quarter 2018 including the
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