Spirit of Texas Bancshares Inc. (STXB) Tops Q2 EPS by 17c

Go back to Spirit of Texas Bancshares Inc. (STXB) Tops Q2 EPS by 17c

Spirit of Texas Bancshares, Inc. Reports Second Quarter 2021 Financial Results

July 21, 2021 4:15 PM EDT

CONROE, Texas, July 21, 2021 /PRNewswire/ -- Spirit of Texas Bancshares, Inc. (NASDAQ: STXB) ("Spirit," the "Company," "we," "our," or "us") reported net income of $12.4 million in the second quarter of 2021, representing diluted earnings per share of $0.70, compared to net income of $7.7 million in the second quarter of 2020, representing diluted earnings per share of $0.44.  Financial results for the second quarter of 2021 were favorably impacted by $2.4 million net accretion of origination fees from the U.S. Small Business Administration (the "SBA") on Paycheck Protection Program ("PPP") loans.

Second Quarter 2021 Financial and Operational... More