Spirit of Texas Bancshares, Inc. Reports Second Quarter 2020 Financial Results

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Spirit of Texas Bancshares Inc. (STXB) Tops Q2 EPS by 15c

July 20, 2020 4:19 PM EDT

Spirit of Texas Bancshares Inc. (NASDAQ: STXB) reported Q2 EPS of $0.44, $0.15 better than the analyst estimate of $0.29.

Second Quarter 2020 Financial and Operational Highlights

Deployed our talented and experienced lending team to assist more than 3,200 businesses in obtaining PPP loans totaling $428 million, as of June 30, 2020, generating $15.3 million of origination fees that will be accreted into income over the life of the loans.Capital continues to remain strong with a Tier 1 capital leverage... More