Stellar Bancorp Q2 2021 Earnings Report

Net income increased due to improved credit conditions and economic forecasts.

Key Takeaways

CBTX, Inc. reported a net income of $11.7 million, or $0.48 per diluted share, for the second quarter of 2021, compared to $2.2 million, or $0.09 per diluted share, for the second quarter of 2020. The results reflect a transition from a COVID dominated economy to a more robust, growth economy.

Net income was $11.7 million for the second quarter of 2021, or $0.48 per diluted share.

Recapture of allowance for credit losses of $5.1 million due to improvements in the national economy and forward-looking national economic forecasts.

Net interest margin on a tax equivalent basis decreased to 3.29% for the second quarter of 2021.

Cash and equivalents increased $183.7 million to $788.4 million during the second quarter of 2021.

Total Revenue

$34.5M

Previous year: $35.1M