Spirit of Texas Bancshares Inc. (STXB) Tops Q1 EPS by 12c

Spirit of Texas Bancshares Inc. (NASDAQ: STXB) reported Q1 EPS of $0.58, $0.12 better than the analyst estimate of $0.46.

• Originated 1,301 PPP loans during the first quarter of 2021 with a total funded amount of $148.9 million and deferred loan fees, net of $4.8 million which will be recognized over the life of the loans.
• Net interest margin for the first quarter of 2021 as reported and on a tax equivalent basis(1) was 3.94% and 3.98%, respectively.
• At March 31, 2021, return on average assets was 1.32% annualized.
• Book value per share increased to $21.34 at March 31, 2021 and tangible book value per share(1) increased to $16.40 at the same date.
• At March 31, 2021, total stockholders\' equity to total assets was 11.54% and tangible stockholders\' equity to tangible assets(1) was 9.11%.

For earnings history and earnings-related data on Spirit of Texas Bancshares Inc. (STXB) click here.

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