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) announced a quarterly cash dividend of $0.20 per share on its common stock. This dividend will be distributed on or after May 25, 2023, to shareholders of record as of May 11, 2023. The holding company operates Veritex Community Bank, which serves the Dallas-Fort Worth and Houston metro areas. Further details about the company and its operations can be found on their website.
Veritex Holdings (Nasdaq: VBTX) announced its financial results for Q1 2023, reporting a net income of $38.4 million, or $0.70 per diluted share, compared to $39.9 million in Q4 2022. The company achieved an operating earnings increase to $43.3 million and $0.79 per share, bolstered by strong loan growth of 8.9% annualized. Book value per share rose to $27.54. Deposit levels fell slightly by 3.9% annualized, totaling $9.03 billion. Despite a $795,000 decline in noninterest income and an increase in noninterest expenses by 21.6% year-over-year, the company reported improved credit quality with non-performing assets at 0.35%. A quarterly cash dividend of $0.20 per share was declared, payable on May 25, 2023.
Veritex Holdings (Nasdaq: VBTX) announced plans to release its first quarter 2023 results after market close on April 25, 2023. The earnings report will be accessible on the company's website. Additionally, Veritex will host an investor conference call on April 26, 2023, at 8:30 a.m. Central Time to discuss the results. Participants can access the call via webcast or teleconference by registering in advance. A replay of the call will be available approximately two hours after its conclusion, lasting for one week. Veritex, headquartered in Dallas, operates through its wholly-owned subsidiary, Veritex Community Bank, across the Dallas-Fort Worth and Houston areas.
Synctera, a Banking as a Service (BaaS) company, has announced a strategic partnership with National Bank of Canada and a $15 million investment led by NAventures. This investment will allow Synctera to expand its BaaS platform into Canada, catering to the increasing demand for innovative financial products. Since 2020, Synctera has facilitated the creation of FinTech applications and services in the U.S., and aims to provide similar capabilities in Canada. The partnership is expected to enhance Synctera's capabilities and foster collaborations with FinTechs, ultimately supporting the growing need for financial innovation.
Veritex Holdings, Inc. (Nasdaq: VBTX) announced a quarterly cash dividend of $0.20 per share on its outstanding common stock. The dividend, which underscores the company's commitment to returning value to shareholders, will be payable on or after February 24, 2023 to shareholders on record as of February 10, 2023.
This move reflects Veritex's ongoing financial strength and operational stability within the competitive banking sector. The company operates through its subsidiary, Veritex Community Bank, providing banking services in the Dallas-Fort Worth and Houston areas.
Veritex Holdings reported impressive performance metrics for Q4 and the full year of 2022. Pre-tax, pre-provision earnings totaled $216 million, reflecting a 1.97% return on average assets and a 16% return on average tangible common equity. The company achieved 34% loan growth and 24% deposit growth, alongside a completed oversubscribed common stock offering. Despite net income of $39.9 million in Q4 2022 declining from $43.3 million in Q3 2022, the efficiency ratio remained under 50%. The declared quarterly cash dividend is set at $0.20, payable on February 24, 2023, signifying ongoing shareholder returns.
Veritex Holdings, Inc. (Nasdaq: VBTX) announced it will release its fourth quarter and year-end 2022 results on January 24, 2023, after market close. An investor conference call to discuss the results is scheduled for January 25, 2023, at 8:30 a.m. Central Time. Participants can access the earnings release and subsequent call via Veritex's website. A replay will be available shortly after the call for one week. Veritex operates through its subsidiary, Veritex Community Bank, serving clients across Dallas-Fort Worth and Houston.
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