Spirit of Texas Bancshares Inc. (STXB) Tops Q2 EPS by 15c
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Spirit of Texas Bancshares, Inc. Reports Second Quarter 2020 Financial Results
July 20, 2020 4:15 PM EDTCONROE, Texas, July 20, 2020 /PRNewswire/ -- Spirit of Texas Bancshares, Inc. (NASDAQ: STXB) ("Spirit", the "Company", "we", "our", or "us") reported net income of $7.7 million in the second quarter of 2020 representing diluted earnings per share of $0.44, compared to net income of $5.8 million in the second quarter of 2019, representing diluted earnings per share of $0.41. Record net income for the second quarter of 2020 was assisted by $1.0 million net accretion of origination fees on Paycheck Protection Program ("PPP") loans offset by increased provision expense for loan losses related to the COVID-19 pandemic.
Second Quarter 2020... More
