Veritex Holdings, Inc. - VBTX STOCK NEWS

Veritex Holdings reported record third-quarter earnings for 2022, achieving a GAAP net income of $43.3 million, up from $29.6 million in Q2. Key metrics include a 2.2% return on average assets and an efficiency ratio of 44%. Total loans surged by $594.6 million, reflecting a 30% annualized growth, while deposits grew by $230.7 million, a 10.8% increase. Additionally, non-performing assets dropped to 0.26% of total assets. The Board declared a quarterly cash dividend of $0.20 per share, payable on November 25, 2022.

Veritex Holdings, Inc. (Nasdaq: VBTX) announced its plans to release third-quarter 2022 financial results on October 25, 2022, after market close. An investor conference call for results review will be held on October 26, 2022, at 8:30 a.m. Central Time. Investors can access the earnings release on the company's website, and a live webcast of the call will be available. A replay will be accessible shortly after the call concludes.

Veritex operates through its subsidiary, Veritex Community Bank, serving the Dallas-Fort Worth and Houston areas.

Veritex Holdings, Inc. (Nasdaq: VBTX) announced a quarterly cash dividend of $0.20 per share, payable on or after August 26, 2022, to shareholders on record as of August 12, 2022. Headquartered in Dallas, Texas, Veritex provides banking services through its subsidiary, Veritex Community Bank, covering the Dallas-Fort Worth and Houston areas. This announcement underscores the company's commitment to returning value to shareholders while maintaining operational stability.

Veritex Holdings reported strong Q2 2022 results, achieving a 1.76% pre-tax, pre-provision operating return on average assets. Net income was $29.6 million, down from $33.5 million in Q1 2022, with a diluted EPS of $0.54. Total loans held for investment grew 44.4% annualized, reaching $7.9 billion, while total deposits increased by 31.8% to $8.5 billion. The company declared a quarterly cash dividend of $0.20 per share, payable on August 26, 2022. Asset quality improved with non-performing assets decreasing to 0.40%.

Veritex Community Bank is expanding its Small Business Loan department to meet the rising demand for SBA loans, reflecting growth within Texas's small business sector. The bank, among the top SBA preferred lenders, offers various lending options, including SBA 7(a) and 504 loans. With Texas ranking second in the U.S. for small businesses, Veritex aims to support job creation and economic stability. The bank is also enhancing its outreach to women-owned businesses through its Women in Business program. Veritex is recognized as one of Fortune’s 100 Fastest Growing Companies for 2020 and 2021.

Veritex Holdings, Inc. (Nasdaq: VBTX) plans to release its Q2 2022 earnings on July 27, 2022, before market opening. An investor conference call will follow at 8:30 a.m. Central Time on the same day to discuss the results. The earnings release and the call can be accessed via the company's website. A replay of the call will be available shortly after its conclusion for one week.

Veritex operates through its subsidiary, Veritex Community Bank, servicing the Dallas-Fort Worth and Houston areas.

DALLAS and HOUSTON, May 16, 2022 - Phil Donnelly has joined Veritex Community Bank as Senior Executive Vice President and General Counsel, bringing over 32 years of experience in financial services. He will lead the legal team and manage corporate governance, compliance, and regulatory matters. Donnelly previously held key roles in various banks and was pivotal in acquiring nine banks, forming a $10 billion financial institution. CEO C. Malcolm Holland praised his extensive expertise in regulatory, M&A, and corporate governance, stating that Donnelly will strengthen the bank's strategic initiatives.

Veritex Holdings, Inc. (Nasdaq: VBTX) has declared a quarterly cash dividend of $0.20 per share on its common stock. This dividend will be paid on or after May 27, 2022, to shareholders of record as of May 13, 2022. Veritex operates through its wholly-owned subsidiary, Veritex Community Bank, with a presence in the Dallas-Fort Worth and Houston areas.

Veritex Holdings (Nasdaq: VBTX) reported strong financial results for Q1 2022, with diluted EPS at $0.66 and annualized loan growth of 21%. Total deposits increased by 29%, reaching $7.9 billion. Despite a drop in GAAP net income to $33.5 million from $41.5 million in Q4 2021, the company’s return on average assets was 1.36%. Noninterest income fell 6.5% compared to the previous quarter, while noninterest expenses rose by 3.3%. Veritex announced a quarterly dividend of $0.20 per share and is set to acquire interLINK for enhanced liquidity and deposit growth.