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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)
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 |
![News image](https://images.financialmodelingprep.com/news/veritex-holdings-vbtx-surpasses-q1-earnings-and-revenue-estimates-20210427.jpg)
Veritex Holdings (VBTX) Surpasses Q1 Earnings and Revenue Estimates
![News image](https://images.financialmodelingprep.com/news/veritex-holdings-inc-reports-first-quarter-operating-results-20210427.jpg)
Veritex Holdings, Inc. Reports First Quarter Operating Results
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Veritex Holdings, Inc. Announces Director Departure
![News image](https://images.financialmodelingprep.com/news/veritex-holdings-inc-announces-extension-to-its-stock-buyback-20210318.jpg)
Veritex Holdings, Inc. Announces Extension to its Stock Buyback Program
![News image](https://images.financialmodelingprep.com/news/veritex-holdings-inc-announce-termination-of-500-million-interest-20210224.jpg)
Veritex Holdings, Inc. Announce Termination of $500 million Interest Rate Swap Derivative
![News image](https://images.financialmodelingprep.com/news/veritex-holdings-vbtx-ceo-malcolm-holland-on-q4-2020-20210127.jpg)
Veritex Holdings' (VBTX) CEO Malcolm Holland on Q4 2020 Results - Earnings Call Transcript
![News image](https://images.financialmodelingprep.com/news/recap-veritex-holdings-q4-earnings-20210126.jpg)
Recap: Veritex Holdings Q4 Earnings
![News image](https://images.financialmodelingprep.com/news/veritex-holdings-inc-declares-cash-dividend-on-common-stock-20210126.jpg)
Veritex Holdings, Inc. Declares Cash Dividend on Common Stock
![News image](https://images.financialmodelingprep.com/news/why-veritex-vbtx-might-surprise-this-earnings-season-20210125.jpg)
Why Veritex (VBTX) Might Surprise This Earnings Season
![News image](https://images.financialmodelingprep.com/news/veritex-holdings-inc-announces-dates-of-fourth-quarter-and-20210113.jpg)
Veritex Holdings, Inc. Announces Dates of Fourth Quarter and Year End 2020 Earnings Release and Conference Call
Source: https://incomestatements.info
Category: Stock Reports