Spirit of Texas Bancshares, Inc. STXB Income Statement

Spirit of texas bancshares, inc. (STXB)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17
Interest income:
Interest and fees on loans
27,409	25,160	23,064	22,204	17,118	15,817	13,901	13,078	12,291	11,896	11,842	11,228	10,445
Interest and dividends on investment securities
504	997	1,143	1,302	1,182	897	202	195	214	201	202	114	0
Other interest income
900	918	794	794	584	208	173	215	148	195	200	278	306
Total interest income
28,813	27,075	25,001	24,300	18,884	16,922	14,276	13,488	12,653	12,292	12,244	11,620	10,751
Interest expense:
Interest on deposits
4,507	4,434	4,097	3,938	3,071	2,613	2,197	1,941	1,731	1,689	1,684	1,644	1,585
Interest on FHLB advances and other borrowings
508	416	425	611	378	447	389	465	541	546	405	384	391
Total interest expense
5,015	4,850	4,522	4,549	3,449	3,060	2,586	2,406	2,272	2,235	2,089	2,028	1,976
Net interest income
23,798	22,225	20,479	19,751	15,435	13,862	11,690	11,082	10,381	10,057	10,155	9,592	8,775
Provision for loan losses
1,171	775	900	332	849	700	486	635	339	671	604	650	550
Net interest income after provision for loan losses
22,627	21,450	19,579	19,419	14,586	13,162	11,204	10,447	10,042	9,386	9,551	8,942	8,225
Noninterest income:
Service charges and fees
1,311	1,146	866	969	729	649	462	419	357	406	362	349	384
SBA loan servicing fees
10	391	234	40	264	1,026	529	548	624	416	207	625	546
Mortgage referral fees
202	232	173	198	110	97	160	208	156	103	158	243	130
Swap referral fees
580	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sales of loans, net
464	675	1,151	1,384	804	1,236	1,369	1,041	1,474	974	1,392	2,288	1,030
Gain (loss) on sales of other assets
-	-	-	-	-	-	-	-	-	-	-70	45	-22
Gain on sales of investment securities
-	2,448	0	1,053	1,081	-	-	-	-	-	-	-	-
Other noninterest income
145	162	257	131	69	23	47	87	-23	-30	44	4	7
Total noninterest income
2,712	5,054	2,681	3,775	3,057	3,031	2,567	2,303	2,588	1,916	2,093	3,554	2,075
Noninterest expense:
Salaries and employee benefits
11,789	10,784	9,502	8,765	7,124	7,988	6,623	6,043	6,858	5,564	5,271	5,899	6,604
Occupancy and equipment expenses
2,315	2,222	1,710	1,690	1,262	1,479	1,279	1,221	1,236	1,381	1,239	1,302	1,201
Loan and other real estate related expenses
-	-	-	-	-	-	-	-	-	-	20	101	123
Professional services
895	1,200	791	1,022	1,041	1,806	624	314	311	686	410	476	273
Data processing and network
743	936	884	731	485	340	302	321	313	367	317	313	269
Regulatory assessments and insurance
402	265	-256	315	98	307	266	266	255	235	221	236	232
Amortization of intangibles
946	1,006	1,015	1,006	603	390	176	175	176	176	176	175	176
Advertising
153	225	134	167	97	81	83	102	115	120	147	157	127
Marketing
160	131	136	132	139	154	115	121	118	180	118	150	131
Telephone expense
407	226	289	338	140	82	120	114	98	84	109	81	135
Conversion expense
1,477	74	314	453	1,151	-	-	-	-	-	-	-	-
Other operating expenses
1,673	1,590	1,037	1,206	864	789	693	704	646	910	511	604	639
Total noninterest expense
20,960	18,659	15,556	15,825	13,004	13,576	10,281	9,381	10,126	9,459	8,539	9,494	9,910
Income before income tax expense
4,379	7,845	6,704	7,369	4,639	2,617	3,490	3,369	2,504	1,843	3,105	3,002	390
Income tax expense
305	1,676	1,374	1,542	829	104	719	688	491	1,320	1,103	993	171
Net income
4,074	6,169	5,330	5,827	3,810	2,513	2,771	2,681	2,013	523	2,002	2,009	219
Earnings per common share:
Basic
0.22	0.36	0.35	0.42	0.31	0.23	0.28	0.30	0.27	0.06	0.28	0.28	0.03
Diluted
0.22	0.35	0.34	0.41	0.30	0.20	0.27	0.29	0.27	0.07	0.26	0.27	0.03
Weighted average common shares outstanding:
Basic
18,184	17,500	15,370	13,765	12,152	11,040	9,792	8,851	7,348	7,282	7,279	7,273	7,099
Diluted
18,441	17,836	15,771	14,236	12,607	11,359	10,360	9,306	7,543	7,539	7,565	7,568	7,406