Spirit of Texas Bancshares Inc. (STXB) Tops Q3 EPS by 1c
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Spirit Of Texas Bancshares, Inc. Reports Third Quarter 2021 Financial Results
October 27, 2021 4:15 PM EDTCONROE, Texas, Oct. 27, 2021 /PRNewswire/ --Â Spirit of Texas Bancshares, Inc. (NASDAQ: STXB) ("Spirit," the "Company," "we," "our," or "us"), reported net income of $10.5 million in the third quarter of 2021, representing diluted earnings per share of $0.59, compared to net income of $7.1 million in the third quarter of 2020, representing diluted earnings per share of $0.41. Â Financial results for the third quarter of 2021 were favorably impacted by $2.2 million net accretion of deferred origination fees on Paycheck Protection Program ("PPP") loans forgiven by the U.S. Small Business Administration ("SBA") and lower provision... More
