Welcome to our dedicated page for Veritex Holdings news (Ticker: VBTX), a resource for investors and traders seeking the latest updates and insights on Veritex Holdings stock.
Veritex Holdings, Inc. (symbol: VBTX) is a prominent player in the commercial banking sector, specifically catering to small and medium-sized businesses and professionals. Based in Dallas, the company takes pride in its deep connection with the community, offering personalized banking solutions tailored to meet the financial needs of its clientele.
The company's portfolio includes a wide range of services such as commercial and retail lending, acceptance of checking and savings deposits, and an assortment of online banking solutions. Clients can easily access account balances, perform online transfers, pay bills online, and receive electronic statements. Additionally, Veritex provides automated teller machines, telephone banking, mail services, and personal appointments to ensure comprehensive service delivery.
Revenue Streams
Veritex's primary revenue streams are derived from interest and dividends earned on loans, debt and equity securities, and other financial instruments. This diversified revenue model helps the company maintain a strong financial footing.
Current Projects and Achievements
Recently, the company announced its financial results for the three months ended September 30, 2023, showcasing strong performance in net interest income and noninterest income. The management has also highlighted improvements in credit quality and financial condition, which reinforce the bank's commitment to sustainable growth.
Latest News
The company has been active in keeping its investors and stakeholders informed through regular updates. On July 26, 2023, Veritex announced key achievements and operational outcomes. These updates are part of the company's effort to maintain transparency and keep the community engaged with its ongoing operations.
For detailed financial analysis and latest updates, Veritex Holdings will be hosting an investor conference call on January 24, 2024, at 8:30 a.m. Central Time. This event will provide insights into their recent quarterly performance and future outlook.
Veritex Holdings, Inc. (Nasdaq: VBTX), the parent company of Veritex Community Bank, has announced a quarterly cash dividend of $0.20 per share on its outstanding common stock. The dividend will be paid on or after November 22, 2024 to shareholders of record as of November 8, 2024.
Veritex Holdings is a bank holding company headquartered in Dallas, Texas. Its subsidiary, Veritex Community Bank, operates throughout the Dallas-Fort Worth metroplex and in the Houston metropolitan area. The bank is regulated by the Texas Department of Banking and the Board of Governors of the Federal Reserve System.
Veritex Holdings announced its Q3 2024 results, highlighting significant financial metrics. GAAP net income was $31M, up from $27.2M in Q2 2024, but down from $104.8M in Q3 2023. Diluted EPS reached $0.56, an increase from $0.50 in Q2 2024. Book value per share grew to $29.53. Net interest margin slightly increased to 3.30%, while nonperforming assets decreased to 0.52% of total assets. Total deposits rose by $311.2M, or 11.60% annualized. Operating earnings were $32.2M, up from $28.3M in Q2 2024. However, noninterest expense increased by $7M, primarily due to higher salaries and benefits. The company declared a quarterly cash dividend of $0.20 per share, payable on November 22, 2024. Net interest income before provision for credit losses was $100.1M, up from $96.2M in Q2 2024. Noninterest income rose by $2.5M, driven by higher OREO income and loan fees. Despite these gains, efficiency ratio worsened to 61.94% from 59.11% in Q2 2024.
Veritex Holdings, Inc. (Nasdaq: VBTX), the parent company of Veritex Community Bank, has announced the schedule for its third quarter 2024 earnings release and conference call. The company plans to release its Q3 2024 results after market close on Tuesday, October 22, 2024. The earnings release will be available on the company's investor relations website.
An investor conference call to review the results is scheduled for Wednesday, October 23, 2024, at 8:30 a.m. Central Time. Investors can access the call through a live webcast on Veritex's website or via teleconference. A replay of the call will be available within approximately two hours after completion and accessible for one week through the company's website.
North Avenue Capital, known for rural financing, is expanding nationwide with SBA 7(a) loans from $500,000 to $5 million. This move, effective July 1, 2024, broadens their reach beyond rural America. NAC's expertise in government-guaranteed lending, developed through nearly $1 billion in USDA OneRD loans, now extends to urban and suburban areas.
Partnering with parent company Veritex Community Bank, an SBA-preferred lender with over $750 million in SBA loans, NAC aims to surpass $1 billion in SBA lending. The SBA 7(a) program will support various business needs, including working capital, equipment purchases, and real estate acquisitions, with flexible terms and competitive rates.
Veritex Holdings (Nasdaq: VBTX), the parent company of Veritex Community Bank, has declared a quarterly cash dividend of $0.20 per share on its outstanding common stock. The dividend will be paid on or after August 23, 2024 to shareholders of record as of August 9, 2024. Veritex is a bank holding company headquartered in Dallas, Texas, operating through its subsidiary Veritex Community Bank with locations in the Dallas-Fort Worth metroplex and Houston metropolitan area. The bank is regulated by the Texas Department of Banking and the Federal Reserve System.
Veritex Holdings (VBTX) reported Q2 2024 results with net income of $27.2 million and diluted EPS of $0.50, up from $24.2 million and $0.44 in Q1 2024. Key highlights include:
- Net interest margin increased to 3.29%, up 5 bps from Q1
- Total deposits grew $71.0 million (2.67% annualized)
- Total loans grew $70.3 million (2.88% annualized)
- Nonperforming assets decreased to 0.65% of total assets
- Common equity tier 1 capital improved to 10.49%
The company declared a quarterly cash dividend of $0.20 per share. Credit quality improved with net charge-offs of 28 bps annualized. The allowance for credit losses to total loans increased to 1.16%.
Veritex Holdings (Nasdaq: VBTX), the parent company of Veritex Community Bank, will release its second quarter 2024 earnings results on July 23, 2024, after market close. The earnings release will be accessible on their website.
An investor conference call to discuss these results will take place on July 24, 2024, at 8:30 a.m. Central Time. Participants can join the live webcast via Veritex's investor relations website or by registering for teleconference access.
A replay of the call will be available roughly two hours post-completion and will be accessible for one week.
Headquartered in Dallas, Veritex operates through Veritex Community Bank, with branches in the Dallas-Fort Worth and Houston areas. The bank is regulated by the Texas Department of Banking and the Federal Reserve System.
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