See more : EPAM Systems, Inc. (EPAM) Income Statement Analysis – Financial Results
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 |
Veritex Holdings, Inc. Declares Cash Dividend on Common Stock
Veritex Holdings, Inc. Announces Dates of Second Quarter 2024 Earnings Release and Conference Call
Amalgamated Bank Reduces Stake in Veritex Holdings, Inc. (NASDAQ:VBTX)
Veritex Holdings (VBTX) Reports Q1 Earnings: What Key Metrics Have to Say
Veritex Holdings (VBTX) Q1 Earnings and Revenues Lag Estimates
Veritex Holdings, Inc. Declares Cash Dividend on Common Stock
Veritex Holdings, Inc. Reports First Quarter 2024 Operating Results
Veritex Holdings, Inc. Announces Dates of First Quarter 2024 Earnings Release and Conference Call
Veritex (VBTX) Announces Buyback Plan, Portfolio Restructuring
Veritex Holdings, Inc. Announces Stock Buyback Program and Investment Portfolio Restructuring
Source: https://incomestatements.info
Category: Stock Reports