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
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 investments235,331140,09969,566263,034151,084235,344
Cash and cash equivalents235,331140,09969,566263,034151,084235,344
Total current assets:235,331140,09969,566263,034151,084235,344
Noncurrent Assets
Operating lease, right-of-use asset5,0855,5696,058   
Property, plant and equipment78,51379,40881,37983,34882,73479,156
Intangible assets, net (including goodwill)83,16683,92184,67685,49986,37987,583
Goodwill77,68177,68177,68177,68177,68177,966
Intangible assets, net (excluding goodwill)5,4856,2406,9957,8188,6989,617
Deferred income tax assets1,8931,9622,2131,085494 
Total noncurrent assets:168,657170,860174,326169,932169,607166,739
Other undisclosed assets2,750,2642,773,7962,926,3202,651,7932,604,3792,560,935
TOTAL ASSETS:3,154,2523,084,7553,170,2123,084,7592,925,0702,963,018
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 1,3921,4054,51610,00010,00010,000
Total current liabilities: 1,3921,4054,51610,00010,00010,000
Noncurrent Liabilities
Liabilities, other than long-term debt      405
Deferred income tax liabilities      405
Total noncurrent liabilities:      405
Other undisclosed liabilities2,765,0112,705,5822,799,9382,713,9802,563,5492,605,036
Total liabilities:2,766,4032,706,9872,804,4542,723,9802,573,5492,615,441
Equity
Equity, attributable to parent387,849377,768365,758360,779351,521347,577
Common stock302,392301,202300,591298,850298,509298,176
Treasury stock, value(16,855)(16,855)(16,855)(15,759)(12,534)(11,778)
Accumulated other comprehensive income (loss)(2,188)(2,690)(3,224)1,005(237)1,272
Retained earnings104,50096,11185,24676,68365,78359,907
Total equity:387,849377,768365,758360,779351,521347,577
TOTAL LIABILITIES AND EQUITY:3,154,2523,084,7553,170,2123,084,7592,925,0702,963,018

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

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
Revenues28,99231,11330,30836,87730,62830,423
Net investment income28,99231,11330,05432,78330,01630,097
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(306)(1,349)(1,086)(4,417)(2,831)(2,838)
Gross profit:28,68629,76429,22232,46027,79727,585
Operating expenses(2,394)(2,260)(2,747)(2,913)(2,827)(2,641)
Other operating income, net
(Noninterest Income, Other Operating Income)
84194 11811094
Operating income:26,37627,69826,47529,66525,08025,038
Interest and debt expense(2,656)(3,053)(3,330)(3,825)(4,267)(4,503)
Income from continuing operations before equity method investments, income taxes:23,72024,64523,14525,84020,81320,535
Other undisclosed loss from continuing operations before income taxes(10,671)(9,220)(10,407)(10,032)(11,904)(10,861)
Income from continuing operations before income taxes:13,04915,42512,73815,8088,9099,674
Income tax expense(2,593)(3,015)(2,652)(3,353)(1,821)(1,980)
Income from continuing operations:10,45612,41010,08612,4557,0887,694
Income before gain (loss) on sale of properties:10,45612,41010,08612,4557,0887,694
Net income available to common stockholders, diluted:10,45612,41010,08612,4557,0887,694

Comprehensive Income ($ in thousands)

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:10,45612,41010,08612,4557,0887,694
Other comprehensive income (loss)103(442)1,265   
Comprehensive income:10,55911,96811,35112,4557,0887,694
Other undisclosed comprehensive income (loss), net of tax, attributable to parent399976(5,494)1,242(1,509)540
Comprehensive income, net of tax, attributable to parent:10,95812,9445,85713,6975,5798,234

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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