CBTX, Inc. Announces Consolidated Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2019; Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2019
January 29, 2020 at 05:00 pm
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CBTX, Inc. announced consolidated unaudited earnings results for the fourth quarter and full year ended December 31, 2019. For the quarter, the company announced net income of $12.6 million, or $0.50 per diluted share compared to $14.1 million, or $0.56 per diluted share, for the quarter ended December 31, 2018. Total interest income was $38,568,000 against $36,882,000 a year ago. Net interest income was $33,786,000 against $33,220,000 year ago.
For the year, the company reported net income of $50.5 million, or $2.02 per diluted share, compared to $47.3 million, or $1.89 per diluted share for the year ended December 31, 2018. Total interest income was $153,395,000 against $135,759,000 a year ago. Net interest income was $135,988,000 against $124,661,000 a year ago.
For the quarter, the company reported net charge-offs of $148,000.
Stellar Bancorp, Inc. is a bank holding company. Through its wholly owned subsidiary, Stellar Bank (the Bank), the Company provides a diversified range of commercial banking services primarily to small-to-medium-sized businesses, professionals and individual customers within its markets. The Company offers a range of commercial and retail lending services, including commercial loans, loans to small businesses guaranteed by the small business administration (the SBA), mortgage loans, home equity loans, personal loans and automobile loans, among others. The types of deposit accounts that the Company offers are typical of most commercial banks and consist of checking accounts, commercial accounts, money market accounts, savings accounts and other time deposits of various types and terms. The Company operates over 54 full-service banking centers, with 37 banking centers in the Houston region, 16 banking centers in the Beaumont region and one banking center in Dallas, Texas.
CBTX, Inc. Announces Consolidated Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2019; Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2019
STELLAR BANCORP, INC. 
