Spirit of Texas Bancshares, Inc. STXB Income Statement

Spirit of texas bancshares, inc. (STXB)

Income statement / TTM

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
97,837	87,546	78,203	69,040	59,914	55,087	51,166	49,107	47,257	45,411	0	0	0
Interest and dividends on investment securities
3,946	4,624	4,524	3,583	2,476	1,508	812	812	731	517	0	0	0
Other interest income
3,406	3,090	2,380	1,759	1,180	744	731	758	821	979	0	0	0
Total interest income
105,189	95,260	85,107	74,382	63,570	57,339	52,709	50,677	48,809	46,907	0	0	0
Interest expense:
Interest on deposits
16,976	15,540	13,719	11,819	9,822	8,482	7,558	7,045	6,748	6,602	0	0	0
Interest on FHLB advances and other borrowings
1,960	1,830	1,861	1,825	1,679	1,842	1,941	1,957	1,876	1,726	0	0	0
Total interest expense
18,936	17,370	15,580	13,644	11,501	10,324	9,499	9,002	8,624	8,328	0	0	0
Net interest income
86,253	77,890	69,527	60,738	52,069	47,015	43,210	41,675	40,185	38,579	0	0	0
Provision for loan losses
3,178	2,856	2,781	2,367	2,670	2,160	2,131	2,249	2,264	2,475	0	0	0
Net interest income after provision for loan losses
83,075	75,034	66,746	58,371	49,399	44,855	41,079	39,426	37,921	36,104	0	0	0
Noninterest income:
Service charges and fees
4,292	3,710	3,213	2,809	2,259	1,887	1,644	1,544	1,474	1,501	0	0	0
SBA loan servicing fees
675	929	1,564	1,859	2,367	2,727	2,117	1,795	1,872	1,794	0	0	0
Mortgage referral fees
805	713	578	565	575	621	627	625	660	634	0	0	0
Swap referral fees
0	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sales of loans, net
3,674	4,014	4,575	4,793	4,450	5,120	4,858	4,881	6,128	5,684	0	0	0
Gain (loss) on sales of other assets
-	-	-	-	-	-	-	-	-	-	0	0	0
Gain on sales of investment securities
-	4,582	0	0	0	-	-	-	-	-	-	-	-
Other noninterest income
695	619	480	270	226	134	81	78	-5	25	0	0	0
Total noninterest income
14,222	14,567	12,544	12,430	10,958	10,489	9,374	8,900	10,151	9,638	0	0	0
Noninterest expense:
Salaries and employee benefits
40,840	36,175	33,379	30,500	27,778	27,512	25,088	23,736	23,592	23,338	0	0	0
Occupancy and equipment expenses
7,937	6,884	6,141	5,710	5,241	5,215	5,117	5,077	5,158	5,123	0	0	0
Loan and other real estate related expenses
-	-	-	-	-	-	-	-	-	-	0	0	0
Professional services
3,908	4,054	4,660	4,493	3,785	3,055	1,935	1,721	1,883	1,845	0	0	0
Data processing and network
3,294	3,036	2,440	1,858	1,448	1,276	1,303	1,318	1,310	1,266	0	0	0
Regulatory assessments and insurance
726	422	464	986	937	1,094	1,022	977	947	924	0	0	0
Amortization of intangibles
3,973	3,630	3,014	2,175	1,344	917	703	703	703	703	0	0	0
Advertising
679	623	479	428	363	381	420	484	539	551	0	0	0
Marketing
559	538	561	540	529	508	534	537	566	579	0	0	0
Telephone expense
1,260	993	849	680	456	414	416	405	372	409	0	0	0
Conversion expense
2,318	1,992	0	0	0	-	-	-	-	-	-	-	-
Other operating expenses
5,506	4,697	3,896	3,552	3,050	2,832	2,953	2,771	2,671	2,664	0	0	0
Total noninterest expense
71,000	63,044	57,961	52,686	46,242	43,364	39,247	37,505	37,618	37,402	0	0	0
Income before income tax expense
26,297	26,557	21,329	18,115	14,115	11,980	11,206	10,821	10,454	8,340	0	0	0
Income tax expense
4,897	5,421	3,849	3,194	2,340	2,002	3,218	3,602	3,907	3,587	0	0	0
Net income
21,400	21,136	17,480	14,921	11,775	9,978	7,988	7,219	6,547	4,753	0	0	0
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