Spirit of Texas Bancshares Inc. (STXB) Misses Q1 EPS by 4c
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Spirit of Texas Bancshares, Inc. Reports First Quarter 2020 Financial Results
April 29, 2020 4:30 PM EDTCONROE, Texas, April 29, 2020 /PRNewswire/ --  Spirit of Texas Bancshares, Inc. (NASDAQ: STXB) ("Spirit" or the "Company"), reported net income of $4.1 million in the first quarter of 2020 representing diluted earnings per share of $0.22, compared to net income of $3.8 million in the first quarter of 2019, representing diluted earnings per share of $0.30. Net income for the first quarter of 2020 was impacted by $1.6 million of merger related expenses, $486 thousand of one-time employee related expenses and an increased provision for loan losses related to the COVID-19 pandemic, partially offset by a $575 thousand tax... More
