Spirit of Texas Bancshares, Inc. Reports First 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, May 31, 2018 (GLOBE NEWSWIRE) -- Spirit of Texas Bancshares, Inc. (NASDAQ:STXB) (the “Bank”), the bank holding company for Spirit of Texas Bank, today reported its results for its first quarter ended March 31, 2018. Completed successful Initial Public Offering on May 4, 2018.Net income increased to $2.0 million in the first quarter 2018 compared to $219 thousand in the first quarter 2017. Adjusted net income(1) increased to $2.5 million in the first quarter 2018 compared to $1.2 million in the first quarter 2017.Diluted earnings per share were $0.27 in the first quarter 2018 compared to $0.03 in the first quarter 2017. Adjusted diluted earnings per share(1) were $0.33 in the first quarter 2018 compared to $0.17 in the first quarter 2017.Reported and Tax Equivalent Net Interest Margin(1) were 4.41% and 4.46%, respectively, for the first quarter 2018, compared to 3.83% and 3.92%, respectively, for the first quarter of 2017.Reported and Adjusted Return on Average Assets
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