Veritex Hld

Veritex Holdings, Inc. engages in the provision of commercial banking products and services to small to medium-sized businesses and professionals. It offers personal and business banking products, mortgages, and treasury services. The company was founded by Charles Malcolm Holland III in June 2009 and is headquartered in Dallas, TX.

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Earnings data Q4 2024

Veritex Holdings reports solid earnings amidst loan growth challenges

Veritex Holdings delivered strong earnings for Q4 and the year, driven by growth in net interest and noninterest income. While facing challenges in loan growth and credit trends, the company is focused on deposit growth and improving Thrive's financial performance. Opportunities for a potential buyback and sustained cash flow generation present avenues for future growth.

Veritex Holdings excels in Q1 2023, eyes credit quality and growth

Veritex Holdings delivered strong financial performance in Q1 2023, focusing on liquidity, credit quality, and expense control.
While facing challenges in loan growth and NIM pressure, the company is well-positioned to capitalize on opportunities in credit quality management and revenue diversification.
With a prudent approach to risk management and a strategic focus on core deposits and fee businesses, Veritex aims for continued growth and profitability.

Veritex Holdings reports resilient Q2 performance amid income challenges

Veritex Holdings navigated challenges in Q2 2023, reporting solid operating earnings growth amidst income decline and flat loan growth.
The company's strategic strengths lie in its focus on credit quality, liquidity improvement, and proactive management of funding sources.
While facing challenges in net interest income and loan growth, Veritex has opportunities to optimize revenue streams and capitalize on its deposit growth for future expansion.

Veritex Hld reports Q3 earnings decline, focuses on balance sheet

Veritex Hld (VBTX) navigated Q3 with a focus on balance sheet strength, liquidity improvements, and a shift towards C&I and small business loans.
Challenges included minimal loan growth, increased NPAs, and managing cash balances, while opportunities lie in digital banking and growth prospects for next year.
The bank aims to strengthen its balance sheet further, reduce excess liquidity, and capitalize on client acquisition and cross-selling strategies.

Veritex Holdings reports steady earnings, eyes growth opportunities in 2024

Veritex's performance in Q4 2023 and full year 2023 was steady, with a strategic focus on balance sheet optimization and profitability. The bank faces challenges with nonperforming assets and NIM sensitivity but sees opportunities in deposit and loan growth. Share buybacks and deposit pricing optimization are key strategies for future growth.

Veritex Holdings posts solid Q1 earnings, eyes growth opportunities

Veritex Holdings delivered strong earnings and maintained a healthy balance sheet with improved metrics across various financial indicators.
While facing challenges such as asset quality issues and modest loan growth expectations, the company is well-positioned to capitalize on growth opportunities.
Strategic initiatives like the stock repurchase program and securities transactions demonstrate a proactive approach to enhancing shareholder value.
Overall, Veritex's performance reflects resilience and strategic focus amidst a dynamic operating environment.

Veritex Holdings excels in Q2 with strong earnings and growth prospects

Veritex Holdings demonstrated strong financial performance in Q2 2024, with solid earnings, improved asset quality, and robust capital position. The company's focus on optimizing balance sheet metrics and enhancing fee income presents growth opportunities.
While challenges like maintaining NIM and boosting noninterest income exist, Veritex's strategic initiatives and prudent risk management position it well for future success. Opportunities in loan and deposit growth, along with capital flexibility, bode well for sustained performance.
Overall, Veritex's Q2 performance reflects resilience and proactive measures to drive profitability and shareholder value. Continued focus on operational efficiency, revenue diversification, and prudent risk management will be key for long-term success.

Veritex Hld posts solid Q3 earnings, focuses on credit quality

Veritex Holdings demonstrated strong financial performance with solid earnings and improved credit metrics.
While facing challenges in loan growth, the company's focus on liquidity and risk management is a key strength.
Opportunities lie in leveraging its strong credit position to drive growth and enhance shareholder value.

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Veritex Holdings' (VBTX) CEO Malcolm Holland on Q1 2021 Results - Earnings Call Transcript

Veritex Holdings (VBTX) delivered earnings and revenue surprises of 23.08% and 7.82%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Veritex Holdings (VBTX) Surpasses Q1 Earnings and Revenue Estimates

DALLAS, April 27, 2021 (GLOBE NEWSWIRE) -- Veritex Holdings, Inc. (Nasdaq: VBTX) (“Veritex” or the “Company”), the parent holding company for Veritex Community Bank (the “Bank”), today announced the execution by the Bank of a definitive agreement pursuant to which the Bank will acquire a 49% interest in Thrive Mortgage, LLC (“Thrive”) for $53.9 million in cash. Upon completion of the investment, the Company will obtain the right to designate a member to Thrive's board of directors. The investment, which is expected to close in the middle of 2021, is subject to receipt of required regulatory approvals and other customary closing conditions.

Veritex Holdings, Inc. Partners with Thrive Mortgage

DALLAS, April 14, 2021 (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 first quarter 2021 results after the close of the market on Tuesday, April 27, 2021. The earnings release will be available on the Company's website, https://ir.veritexbank.com/. The Company will also host an investor conference call to review the results on Wednesday, April 28, 2021 at 8:30 a.m. Central Time.

Veritex Holdings, Inc. Announces Dates of First Quarter 2021 Earnings Release and Conference Call

Veritex Holdings, Inc. (NASDAQ:VBTX) is an American bank holding company that provides commercial banking services such as personal checking, business financing, investment, mobile banking, money market, and security through its wholly owned subsidiary, Veritex Community Bank.

VBTX Maintains Growth Despite Board Member Exit

DALLAS, March 19, 2021 (GLOBE NEWSWIRE) -- The Board of Directors (the "Board") of Veritex Holdings, Inc. (Nasdaq: VBTX) (the "Company") announced on March 19, 2021, Mr. Ned N. Fleming III, a member of the board of directors (the “Board”) of Veritex Holdings, Inc. (“Veritex” or the “Company”), notified the Company that he will not stand for reelection to the Board at the Company's 2021 annual meeting of shareholders (the “2021 Annual Meeting”). Mr. Fleming is currently a member of the Audit Committee of the Board and Chairperson of the Compensation Committee of the Board, and will serve in his current positions until the 2021 Annual Meeting.

Veritex Holdings, Inc. Announces Director Departure

DALLAS, March 18, 2021 (GLOBE NEWSWIRE) -- The Board of Directors (the "Board") of Veritex Holdings, Inc. (Nasdaq: VBTX) (the "Company") authorized an extension of its stock buyback program (the "Stock Buyback Program") pursuant to which the Company may, from time to time, purchase shares of its outstanding common stock. The Stock Buyback Program authorizes the Company to purchase up to $175.0 million of its outstanding common stock and the Board authorized an extension of the expiration date of the Stock Buyback Program from March 31, 2021 to December 31, 2021. The shares may be repurchased in the open market or in privately negotiated transactions from time to time, depending upon market conditions and other factors, and in accordance with applicable regulations of the Securities and Exchange Commission (the "SEC"). The Stock Buyback Program does not obligate the Company to purchase any shares and may be terminated or amended by the Board at any time prior to its expiration date. As of March 18, 2021, the Company had repurchased approximately $156.1 million, or 6,299,972 shares, of its common stock through the Stock Buyback Program.

Veritex Holdings, Inc. Announces Extension to its Stock Buyback Program

DALLAS, Feb. 24, 2021 (GLOBE NEWSWIRE) -- Veritex Holdings, Inc. (the “Company”), the holding company for Veritex Community Bank, a Texas state chartered bank, announced the termination of $500 million of an interest rate swap entered into in March 2020 to hedge the variability of cash flow payments attributable to changes in interest rates in regards to forecasted issuances of three-month term debt arrangements every three-months from March 2022 through March 2032. As a result of the interest rate swap termination, the Company expects to recognize a net pre-tax gain of approximately $43.0 million into income starting in March 2022 on a straight line basis over a 10 year period.

Veritex Holdings, Inc. Announce Termination of $500 million Interest Rate Swap Derivative

Veritex Holdings' (VBTX) CEO Malcolm Holland on Q4 2020 Results - Earnings Call Transcript

Shares of Veritex Holdings (NASDAQ:VBTX) were flat in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share increased 3.45% over the past year to $0.60, which beat the estimate of $0.45.

Recap: Veritex Holdings Q4 Earnings

DALLAS, Jan. 26, 2021 (GLOBE NEWSWIRE) -- Veritex Holdings, Inc. (“Veritex” or the “Company”) (Nasdaq: VBTX), the holding company for Veritex Community Bank, today announced the results for the fourth quarter and full year of 2020. Net income for the quarter ended December 31, 2020 totaled $22.8 million, or $0.46 diluted earnings per share ("EPS"), compared to $22.9 million, or $0.46 diluted EPS, for the quarter ended September 30, 2020 and $29.1 million, or $0.56 diluted EPS, for the quarter ended December 31, 2019. Operating earnings for the quarter ended December 31, 2020 totaled $29.7 million, or $0.60 diluted operating EPS1, compared to $22.9 million, or $0.46 diluted operating EPS1, for the quarter ended September 30, 2020 and $30.3 million, or $0.58 diluted operating EPS1, for the quarter ended December 31, 2019.

Veritex Holdings, Inc. Reports Fourth Quarter and Year-End 2020 Operating Results

Veritex (VBTX) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Veritex (VBTX) Might Surprise This Earnings Season

DALLAS, Jan. 13, 2021 (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 fourth quarter and year end 2020 results after the close of the market on Tuesday, January 26, 2021. The earnings release will be available on the Company's website, https://ir.veritexbank.com/. The Company will also host an investor conference call to review the results on Wednesday, January 27, 2021 at 8:30 a.m. Central Time.

Veritex Holdings, Inc. Announces Dates of Fourth Quarter and Year End 2020 Earnings Release and Conference Call

Veritex Holdings (VBTX) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

Is Veritex Holdings (VBTX) Stock a Solid Choice Right Now?

Veritex Holdings' (VBTX) CEO Malcolm Holland on Q3 2020 Results - Earnings Call Transcript

Veritex Holdings (VBTX) delivered earnings and revenue surprises of 4.55% and 5.83%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Veritex Holdings (VBTX) Surpasses Q3 Earnings and Revenue Estimates

Shares of Veritex Holdings (NASDAQ:VBTX) were flat in after-market trading after the company reported Q3 results. Quarterly Results Earnings per share decreased 13.21% over the past year to $0.46, which beat the estimate of $0.44.

Recap: Veritex Holdings Q3 Earnings

Veritex Holdings (VBTX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Veritex Holdings (VBTX) to Report a Decline in Earnings: What to Look Out for

DALLAS, Oct. 08, 2020 (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 2020 results after the close of the market on Tuesday, October 27, 2020. The earnings release will be available on the Company's website, https://ir.veritexbank.com/. The Company will also host an investor conference call to review the results on Wednesday, October 28, 2020 at 8:30 a.m. Central Time.

Veritex Holdings, Inc. Announces Dates of Third Quarter 2020 Earnings Release and Conference Call

DALLAS, Sept. 30, 2020 (GLOBE NEWSWIRE) -- Veritex Holdings, Inc. (Nasdaq: VBTX) (“Veritex” or the “Company”), the parent holding company for Veritex Community Bank, today announced that it has priced the underwritten public offering of $125 million aggregate principal amount of its Fixed-to-Floating Rate Subordinated Notes due 2030 (the "Notes"). The Notes will initially bear a fixed interest rate of 4.125% per year. Commencing on October 15, 2025, the interest rate on the Notes will reset on a quarterly basis to a floating rate per annum equal to a benchmark rate, which is expected to be Three-Month Term SOFR (as defined in the Notes), plus 399.5 basis points, payable quarterly in arrears. The offering is expected to fund on October 5, 2020, subject to the satisfaction of customary closing conditions.

Veritex Holdings, Inc. Announces Pricing of Subordinated Notes Offering

Veritex Holdings, Inc. (VBTX) CEO Malcolm Holland on Q2 2020 Results - Earnings Call Transcript

Veritex Holdings (VBTX) delivered earnings and revenue surprises of 4.88% and 14.39%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Veritex Holdings (VBTX) Surpasses Q2 Earnings and Revenue Estimates

Shares of Veritex Holdings (NASDAQ:VBTX) fell 0.1% in after-market trading after the company reported Q2 results.

News for Veritex Hld Stock (VBTX)