UPDATE - Spirit of Texas Bancshares, Inc. Reports Second 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, July 24, 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 second quarter ended June 30, 2018. Net income increased to $2.7 million in the second quarter 2018 compared to $2.0 million in the second quarter 2017.Diluted earnings per share was $0.29 in the second quarter 2018 compared to $0.27 in the second quarter 2017.Reported and Tax Equivalent Net Interest Margin(1) were 4.52% and 4.57%, respectively, for the second quarter 2018, compared to 4.11% and 4.21% for the second quarter of 2017 and 4.41% and 4.46% for the first quarter 2018.Return on Average Assets(2) was 1.02% for the second quarter 2018 compared to 0.81% for the second quarter of 2017.Return on Average Stockholders’ Equity(2) was 9.03% for the second quarter 2018 compared to 8.41% for the second quarter of 2017.Reported and Adjusted Efficiency ratio(1) were 70.09% and 68.81%, resp
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