Veritex Holdings - VBTX STOCK NEWS

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.

Veritex Holdings, Inc. (Nasdaq: VBTX) announced a quarterly cash dividend of $0.20 per share on its outstanding common stock. The dividend is set to be paid on or after November 25, 2022, to shareholders recorded as of November 11, 2022. This decision underscores the company’s commitment to returning value to its shareholders while maintaining a solid financial position.

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.