Spirit of Texas Bancshares, Inc. (STXB) Financial Statements (2024 and earlier)

Company Profile

Business Address 1836 SPIRIT OF TEXAS WAY
CONROE, TX 77301
State of Incorp. TX
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments263,034325,95789,015
Cash and cash equivalents263,034325,95789,015
Total current assets:263,034325,95789,015
Noncurrent Assets
Operating lease, right-of-use asset  
Property, plant and equipment83,34875,15053,877
Intangible assets, net (including goodwill)85,49979,97526,811
Goodwill77,68168,50318,253
Intangible assets, net (excluding goodwill)7,81811,4728,558
Deferred income tax assets1,085 
Total noncurrent assets:169,932155,12580,688
Other undisclosed assets2,651,7931,903,5401,297,050
TOTAL ASSETS:3,084,7592,384,6221,466,753
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 10,00018,25412,500
Total current liabilities: 10,00018,25412,500
Noncurrent Liabilities
Other undisclosed liabilities2,713,9802,020,6631,255,457
Total liabilities:2,723,9802,038,9171,267,957
Equity
Equity, attributable to parent360,779345,705198,796
Common stock298,850297,188169,939
Treasury stock, value(15,759)(289) 
Accumulated other comprehensive income (loss)1,0056671,854
Retained earnings76,68348,13927,003
Total equity:360,779345,705198,796
TOTAL LIABILITIES AND EQUITY:3,084,7592,384,6221,466,753

Income Statement (P&L) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues126,70194,65060,951
Net investment income121,20590,63655,831
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(11,257)(2,856)(2,160)
Gross profit:115,44491,79458,791
Operating expenses(11,278)(11,881)(5,220)
Other operating income, net
(Noninterest Income, Other Operating Income)
467619134
Operating income:104,63380,53253,705
Interest and debt expense(17,610)(17,370)(10,324)
Income from continuing operations before equity method investments, income taxes:87,02363,16243,381
Other undisclosed loss from continuing operations before income taxes(48,253)(36,605)(31,401)
Income from continuing operations before income taxes:38,77026,55711,980
Income tax expense(7,459)(5,421)(2,002)
Income from continuing operations:31,31121,1369,978
Income before gain (loss) on sale of properties:31,31121,1369,978
Net income available to common stockholders, diluted:31,31121,1369,978

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:31,31121,1369,978
Other comprehensive income   
Comprehensive income:31,31121,1369,978
Other undisclosed comprehensive income (loss), net of tax, attributable to parent338(1,187)2,355
Comprehensive income, net of tax, attributable to parent:31,64919,94912,333

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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