Spirit of Texas Bancshares Inc. (STXB) Misses Q4 EPS by 5c

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Spirit Of Texas Bancshares, Inc. Reports Fourth Quarter 2019 Financial Results

January 29, 2020 5:10 PM EST

CONROE, Texas, Jan. 29, 2020 /PRNewswire/ -- Spirit of Texas Bancshares, Inc. (NASDAQ: STXB) ("Spirit" or the "Company"), reported net income of $6.2 million in the fourth quarter of 2019 representing diluted earnings per share of $0.35.  Net income and diluted earnings per share increased over the same period in the prior year by 148% and 59%, respectively.

Fourth Quarter 2019 Financial and Operational Highlights

Successfully completed the acquisition of Chandler Bancorp, Inc. and its subsidiary, Citizens State Bank, (together, "Citizens") on November 5, 2019.  The acquisition added approximately $321 million of total assets... More