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 (VBTX) is a Dallas-based commercial bank providing tailored financial solutions through its hybrid model of community-focused services and digital banking platforms. This news hub offers investors and stakeholders centralized access to official corporate developments and market-moving information.
Track all material announcements including quarterly earnings reports, regulatory filings, and strategic initiatives impacting the company's position in the banking sector. The curated collection includes press releases related to loan portfolio performance, digital service expansions, and community partnership programs that reflect Veritex's dual commitment to technological innovation and local market engagement.
Key updates cover essential areas for financial analysis: • Interest margin trends • Credit quality metrics • Leadership appointments • Regulatory compliance milestones. Each entry provides direct access to primary source materials for informed decision-making.
Bookmark this page for streamlined monitoring of Veritex's operational developments within the competitive Texas banking landscape. Verify time-sensitive disclosures through our maintained archive of SEC-filed documents and corporate communications.
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.
