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Veritex Holdings, Inc. - VBTX STOCK NEWS

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.

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Veritex Holdings, Inc. (VBTX) authorizes a $50 million stock buyback program and completes a restructuring of its debt security portfolio, selling lower-yielding securities and reinvesting in higher yielding ones.
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Veritex Holdings, Inc. declares a quarterly cash dividend of $0.20 per share on its outstanding common stock, to be paid on or after February 23, 2024 to shareholders of record as of February 9, 2024.
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Veritex Holdings, Inc. announced its Q4 and full year 2023 results, highlighting $1.2 billion deposit growth, 10.3% CET1, and a decrease in LDR to 93.6%. The company also declared a quarterly cash dividend of $0.20 per share and was named one of the 'Best Companies to Work For' in 2023. However, noninterest income saw a significant decrease, and NPAs increased to $95.8 million.
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Veritex Holdings, Inc. (Nasdaq: VBTX) plans to release its fourth quarter 2023 results on January 23, 2024, followed by an investor conference call on January 24, 2024. The earnings release will be available on the Company's website, and the conference call can be accessed through the investor relations section of Veritex’s website or via teleconference.
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Veritex Community Bank (Veritex) (NASDAQ: VBTX) partners with MaxMyInterest (Max) to offer high-yield savings accounts with increased FDIC insurance coverage for clients, utilizing Max's instant account-opening technology. Veritex CEO Malcolm Holland attributes the bank's growth to its digital prowess and client-first emphasis. The partnership enables individuals to access up to $2 million in FDIC insurance coverage and couples up to $8 million, while also providing financial advisors with options to optimize their clients' savings.
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Veritex Holdings, Inc. declares a quarterly cash dividend of $0.20 per share on its outstanding common stock.
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Veritex Holdings, Inc. announces Q3 2023 results with net income of $32.6 million and diluted EPS of $0.60. Total deposits increased by $962.6 million. ACL to total loans increased to 1.14%. Named one of the 'Best Companies to Work For'.
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Veritex Holdings, Inc. plans to release its third quarter 2023 results on October 24, 2023.
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Veritex Holdings, Inc. hires Dominic Karaba as President and Chief Banking Officer of Veritex Community Bank.
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FAQ

What is the current stock price of Veritex Holdings (VBTX)?

The current stock price of Veritex Holdings (VBTX) is $27.73 as of December 20, 2024.

What is the market cap of Veritex Holdings (VBTX)?

The market cap of Veritex Holdings (VBTX) is approximately 1.5B.

What services does Veritex Holdings, Inc. offer?

Veritex offers commercial and retail lending, checking and savings deposit acceptance, and various online banking solutions.

How does Veritex generate its revenue?

The primary revenue streams are interest and dividends earned on loans, debt and equity securities, and other financial instruments.

Where is Veritex Holdings, Inc. headquartered?

Veritex is headquartered in Dallas, Texas.

Who are the primary clients of Veritex Holdings?

Veritex primarily serves small to medium-sized businesses and professionals.

What recent achievements has Veritex announced?

Veritex has recently reported strong performance in net interest income and noninterest income for the quarter ending September 30, 2023.

What are some of the online services provided by Veritex?

Clients can access account balances, perform online transfers, pay bills online, and receive electronic statements.

Does Veritex offer automated teller machine (ATM) services?

Yes, Veritex provides automated teller machines (ATMs) for client convenience.

How does Veritex maintain its community connection?

Veritex focuses on personalized banking solutions and local decision-making to serve the community's financial needs.

When is the next investor conference call scheduled?

The next investor conference call is scheduled for January 24, 2024, at 8:30 a.m. Central Time.

How can investors access the latest updates from Veritex?

Investors can access updates through Veritex’s investor relations section on their website and participate in scheduled conference calls.

Veritex Holdings, Inc.

Nasdaq:VBTX

VBTX Rankings

VBTX Stock Data

1.50B
52.43M
3.75%
91.49%
2.51%
Banks - Regional
State Commercial Banks
Link
United States of America
DALLAS