Spirit of Texas Bancshares, Inc. (STXB) Financial Statements (2023 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 millions)Annual | Quarterly
| 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | 12/31/2020 Q4 | 9/30/2020 Q3 | 6/30/2020 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 306 | 235 | 140 | 70 | 263 | 151 | 235 | ||
| Cash and cash equivalents | 306 | 235 | 140 | 70 | 263 | 151 | 235 | ||
| Total current assets: | 306 | 235 | 140 | 70 | 263 | 151 | 235 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 5 | 5 | 6 | 6 | |||||
| Property, plant and equipment | 77 | 79 | 79 | 81 | 83 | 83 | 79 | ||
| Intangible assets, net (including goodwill) | 82 | 83 | 84 | 85 | 85 | 86 | 88 | ||
| Goodwill | 78 | 78 | 78 | 78 | 78 | 78 | 78 | ||
| Intangible assets, net (excluding goodwill) | 5 | 5 | 6 | 7 | 8 | 9 | 10 | ||
| Deferred income tax assets | 1 | 2 | 2 | 2 | 1 | 0 | |||
| Total noncurrent assets: | 165 | 169 | 171 | 174 | 170 | 170 | 167 | ||
| Other undisclosed assets | 2,795 | 2,750 | 2,774 | 2,926 | 2,652 | 2,604 | 2,561 | ||
| TOTAL ASSETS: | 3,266 | 3,154 | 3,085 | 3,170 | 3,085 | 2,925 | 2,963 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 1 | 1 | 5 | 10 | 10 | 10 | |||
| Total current liabilities: | 1 | 1 | 5 | 10 | 10 | 10 | |||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 0 | ||||||||
| Deferred income tax liabilities | 0 | ||||||||
| Total noncurrent liabilities: | 0 | ||||||||
| Other undisclosed liabilities | 2,872 | 2,765 | 2,706 | 2,800 | 2,714 | 2,564 | 2,605 | ||
| Total liabilities: | 2,872 | 2,766 | 2,707 | 2,804 | 2,724 | 2,574 | 2,615 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 394 | 388 | 378 | 366 | 361 | 352 | 348 | ||
| Common stock | 303 | 302 | 301 | 301 | 299 | 299 | 298 | ||
| Treasury stock, value | (17) | (17) | (17) | (17) | (16) | (13) | (12) | ||
| Accumulated other comprehensive income (loss) | (4) | (2) | (3) | (3) | 1 | (0) | 1 | ||
| Retained earnings | 112 | 105 | 96 | 85 | 77 | 66 | 60 | ||
| Total stockholders' equity: | 394 | 388 | 378 | 366 | 361 | 352 | 348 | ||
| TOTAL LIABILITIES AND EQUITY: | 3,266 | 3,154 | 3,085 | 3,170 | 3,085 | 2,925 | 2,963 | ||
Income Statement (P&L) ($ in millions) Annual | Quarterly
| 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | 12/31/2020 Q4 | 9/30/2020 Q3 | 6/30/2020 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 30 | 29 | 31 | 30 | 37 | 31 | 30 | |
| Net investment income | 29 | 29 | 31 | 30 | 33 | 30 | 30 | |
| Cost of revenue (Provision for Loan, Lease, and Other Losses) | (1) | (0) | (1) | (1) | (4) | (3) | (3) | |
| Gross profit: | 29 | 29 | 30 | 29 | 32 | 28 | 28 | |
| Operating expenses | (3) | (2) | (2) | (3) | (3) | (3) | (3) | |
| Other operating income, net (Noninterest Income, Other Operating Income) | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Operating income: | 26 | 26 | 28 | 26 | 30 | 25 | 25 | |
| Interest and debt expense | (2) | (3) | (3) | (3) | (4) | (4) | (5) | |
| Income from continuing operations before equity method investments, income taxes: | 23 | 24 | 25 | 23 | 26 | 21 | 21 | |
| Other undisclosed loss from continuing operations before income taxes | (12) | (11) | (9) | (10) | (10) | (12) | (11) | |
| Income from continuing operations before income taxes: | 12 | 13 | 15 | 13 | 16 | 9 | 10 | |
| Income tax expense | (2) | (3) | (3) | (3) | (3) | (2) | (2) | |
| Net income available to common stockholders, diluted: | 9 | 10 | 12 | 10 | 12 | 7 | 8 | |
Comprehensive Income ($ in millions)Annual | Quarterly
| 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | 12/31/2020 Q4 | 9/30/2020 Q3 | 6/30/2020 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 9 | 10 | 12 | 10 | 12 | 7 | 8 | |
| Other comprehensive income (loss) | 0 | 0 | (0) | 1 | ||||
| Comprehensive income: | 10 | 11 | 12 | 11 | 12 | 7 | 8 | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (2) | 0 | 1 | (5) | 1 | (2) | 1 | |
| Comprehensive income, net of tax, attributable to parent: | 7 | 11 | 13 | 6 | 14 | 6 | 8 | |
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.