Spirit of Texas Bancshares, Inc. Reports Third 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
The Company Experienced Increased Margin Expansion in Q3 by Obtaining Favorable Pricing on its Organic Loan Portfolio and Increased Noninterest-Bearing Deposits CONROE, Texas, Oct. 23, 2018 (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 third quarter ended September 30, 2018. Net income increased to $2.8 million in the third quarter 2018 compared to $2.0 million in the third quarter 2017. Adjusted net income(1) for the third quarter 2018 was $3.0 million which excluded $215 thousand of after-tax merger related expenses.Diluted earnings per share was $0.27 in the third quarter 2018 compared to $0.26 in the third quarter 2017. Adjusted diluted earnings per share(1) was $0.29, respectively, for the third quarter of 2018 which excluded $215 thousand of after-tax merger related expenses.Average diluted share count increased 11% from last quarter, or 1 million s
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