Veritex Holdings, Inc. (VBTX) Income Statement Analysis

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Complete financial analysis of Veritex Holdings, Inc. (VBTX) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Veritex Holdings, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.

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Veritex Holdings, Inc. (VBTX)

Industry: Banks - Regional

Sector: Financial Services

Website: https://www.veritexbank.com

About Veritex Holdings, Inc.

Veritex Holdings, Inc. operates as the bank holding company for Veritex Community Bank that provides various commercial banking products and services to small and medium-sized businesses, and professionals. The company accepts deposit products include demand, savings, money market, and time accounts. Its loan products include commercial real estate and general commercial, mortgage warehouse loans, residential real estate, construction and land, farmland, consumer, paycheck protection program, 1-4 family residential, agricultural, multi-family residential, and consumer loans, as well as purchased receivables financing. The company also provides interest rate swap services; and a range of online banking solutions, such as access to account balances, online transfers, online bill payment and electronic delivery of customer statements, and ATMs, as well as mobile banking, mail, and personal appointment. In addition, it offers debit cards, night depository services, direct deposits, cashier's checks, and letters of credit; treasury management services, including balance reporting, transfers between accounts, wire transfer initiation, automated clearinghouse origination, and stop payments; and cash management deposit products and services consisting of lockbox, remote deposit capture, positive pay, reverse positive pay, account reconciliation services, zero balance accounts, and sweep accounts. As of December 31, 2021, the company operated 18 full-service branches located in the Dallas-Fort Worth metroplex, and 10 full-service branches in the Houston metropolitan area. Veritex Holdings, Inc. was incorporated in 2009 and is headquartered in Dallas, Texas.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue	377.75M	422.62M	333.43M	313.14M	315.18M	126.10M	76.08M	47.46M	35.16M	27.84M	23.43M	20.74M	13.84M	2.20M
Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	377.75M	422.62M	333.43M	313.14M	315.18M	126.10M	76.08M	47.46M	35.16M	27.84M	23.43M	20.74M	13.84M	2.20M
Gross Profit Ratio	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	122.07M	117.84M	94.75M	79.45M	72.79M	31.14M	22.01M	14.96M	11.71M	10.74M	9.76M	9.84M	7.67M	3.90M
Selling & Marketing	8.70M	7.18M	5.34M	3.65M	3.26M	1.78M	1.29M	983.00K	799.00K	186.00K	142.00K	167.00K	232.00K	0.00
SG&A	130.77M	125.02M	100.09M	83.10M	76.05M	32.92M	23.30M	15.94M	12.51M	10.93M	9.90M	10.01M	7.90M	3.90M
Other Expenses	0.00	-66.21M	-257.21M	-308.16M	-275.37M	-22.22M	-16.34M	-8.39M	0.00	0.00	0.00	0.00	0.00	0.00
Operating Expenses	196.38M	21.32M	-157.12M	-225.06M	-199.32M	34.07M	23.30M	15.98M	12.51M	10.93M	9.90M	10.01M	7.90M	3.90M
Cost & Expenses	196.38M	21.32M	-157.12M	-225.06M	-199.32M	34.07M	23.30M	15.98M	12.51M	10.93M	9.90M	10.01M	7.90M	3.90M
Interest Income	726.87M	449.41M	316.48M	321.85M	378.79M	144.23M	79.55M	46.60M	34.92M	28.26M	23.50M	21.39M	14.86M	0.00
Interest Expense	327.76M	84.75M	35.70M	56.05M	93.69M	30.05M	11.04M	5.64M	3.46M	2.92M	2.46M	2.30M	2.29M	0.00
Depreciation & Amortization	0.00	18.67M	14.01M	15.83M	15.93M	7.08M	1.57M	1.71M	338.00K	1.34M	1.28M	1.07M	767.00K	0.00
EBITDA	0.00	205.30M	192.04M	103.92M	131.79M	57.31M	31.02M	20.72M	15.35M	9.25M	6.47M	0.00	0.00	-1.70M
EBITDA Ratio	0.00%	64.40%	55.89%	31.58%	40.21%	69.28%	55.28%	55.55%	50.58%	43.76%	38.09%	24.03%	22.98%	-77.27%
Operating Income	174.87M	262.20M	176.31M	88.09M	115.86M	80.28M	39.23M	24.66M	16.37M	10.83M	7.65M	3.91M	2.41M	-1.70M
Operating Income Ratio	46.29%	62.04%	52.88%	28.13%	36.76%	63.67%	51.55%	51.96%	46.55%	38.90%	32.63%	18.86%	17.44%	-77.27%
Total Other Income/Expenses	-30.59M	-29.67M	-26.03M	-37.67M	-63.56M	-14.06M	-7.96M	-3.04M	-2.35M	0.00	-1.87M	-511.00K	-2.29M	0.00
Income Before Tax	144.28M	186.63M	176.31M	88.09M	115.86M	50.24M	28.18M	19.06M	12.91M	7.91M	5.19M	1.62M	122.00K	-1.70M
Income Before Tax Ratio	38.20%	44.16%	52.88%	28.13%	36.76%	39.84%	37.04%	40.15%	36.71%	28.42%	22.13%	7.79%	0.88%	-77.27%
Income Tax Expense	36.02M	40.32M	36.72M	14.20M	25.12M	10.90M	13.03M	6.51M	4.12M	2.71M	1.78M	136.00K	13.00K	0.00
Net Income	108.26M	146.32M	139.58M	73.88M	90.74M	39.34M	15.15M	12.55M	8.79M	5.21M	3.41M	1.48M	109.00K	-1.70M
Net Income Ratio	28.66%	34.62%	41.86%	23.59%	28.79%	31.20%	19.91%	26.45%	25.00%	18.70%	14.54%	7.13%	0.79%	-77.27%
EPS	2.00	2.75	2.83	1.48	1.71	1.63	0.82	1.16	0.87	0.74	0.38	0.16	0.01	-0.19
EPS Diluted	1.98	2.71	2.77	1.48	1.68	1.60	0.81	1.14	0.85	0.73	0.38	0.16	0.01	-0.19
Weighted Avg Shares Out	54.26M	53.17M	49.41M	49.88M	53.15M	24.17M	18.40M	10.85M	10.06M	6.99M	9.06M	9.06M	9.06M	9.10M
Weighted Avg Shares Out (Dil)	54.60M	53.95M	50.35M	50.04M	53.98M	24.59M	18.81M	11.06M	10.33M	7.15M	9.06M	9.06M	9.06M	9.10M

Veritex Holdings Inc (VBTX) Q3 2024 Earnings Call Transcript

October 23, 2024seekingalpha.com

Veritex Holdings Inc (NASDAQ:VBTX ) Q3 2023 Results Conference Call October 23, 2024 9:30 AM ET Company Participants Will Holford - IR Malcolm Holland - Chairman & CEO Terry Earley - Senior EVP & CFO Curtis Anderson - Senior EVP...

Veritex Holdings (VBTX) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

October 22, 2024zacks.com

Although the revenue and EPS for Veritex Holdings (VBTX) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago...

Veritex Holdings (VBTX) Tops Q3 Earnings and Revenue Estimates

October 22, 2024zacks.com

Veritex Holdings (VBTX) came out with quarterly earnings of $0.59 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.60 per share a year ago.

Veritex Holdings, Inc. Reports Third Quarter 2024 Operating Results

October 22, 2024globenewswire.com

DALLAS, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Veritex Holdings, Inc. (“Veritex”, the “Company”, “we” or “our”) (Nasdaq: VBTX), the holding company for Veritex Community Bank, today announced the results for the quarter ended September 30, 2024.

Veritex Holdings, Inc. Declares Cash Dividend on Common Stock

October 22, 2024globenewswire.com

DALLAS, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Veritex Holdings, Inc. (Nasdaq: VBTX) (“Veritex” or the “Company”), the parent holding company for Veritex Community Bank, today announced the declaration of a quarterly cash dividend of $0.20 per share on its outstanding...

Veritex Holdings, Inc. Announces Dates of Third Quarter 2024 Earnings Release and Conference Call

October 7, 2024globenewswire.com

DALLAS, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Veritex Holdings, Inc. (Nasdaq: VBTX) (“Veritex” or "the Company”), the parent holding company for Veritex Community Bank, today announced that it plans to release its third quarter 2024 results after the close of...

North Avenue Capital Expands Small Business Lending Nationwide with SBA 7(a) Loans

September 9, 2024globenewswire.com

PONTE VEDRA, Fla., Sept. 09, 2024 (GLOBE NEWSWIRE) -- North Avenue Capital, a leader in innovative financing solutions for rural America, is making a significant addition to its lending products thereby extending its reach into urban and suburban communities. As...