Spirit of Texas Bancshares Inc. (STXB) Tops Q1 EPS by 12c
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Spirit of Texas Bancshares, Inc. Reports First Quarter 2021 Financial Results
April 21, 2021 4:15 PM EDTCONROE, Texas, April 21, 2021 /PRNewswire/ -- Spirit of Texas Bancshares, Inc. (NASDAQ: STXB) ("Spirit," the "Company," "we," "our," or "us"), reported net income of $10.1 million in the first quarter of 2021, representing diluted earnings per share of $0.58, compared to net income of $4.1 million in the first quarter of 2020, representing diluted earnings per share of $0.22. Â Strong financial results for the first quarter of 2021 were assisted by $1.8 million net accretion of origination fees on Paycheck Protection Program ("PPP") loans, and $2.2 million of deferred costs on newly originated PPP loans.
First Quarter 2021 Financial and... More
