Spirit of Texas Bancshares Inc. (STXB) Tops Q4 EPS by 31c
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Spirit of Texas Bancshares, Inc. Reports Record Fourth Quarter 2020 Financial Results
January 25, 2021 4:15 PM ESTCONROE, Texas, Jan. 25, 2021 /PRNewswire/ -- Spirit of Texas Bancshares, Inc. (NASDAQ: STXB)Â ("Spirit", the "Company", "we", "our", or "us"), reported net income of $12.5 million in the fourth quarter of 2020, representing diluted earnings per share of $0.72, compared to net income of $6.2 million in the fourth quarter of 2019, representing diluted earnings per share of $0.35. Record financial results for the fourth quarter of 2020 were assisted by $4.5 million net accretion of origination fees on Paycheck Protection Program ("PPP") loans, and $3.7 million gain on sale of Main Street Lending Program ("Main Street") loans,... More
