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 (VBTX) reported a net income of $22.8 million for Q4 2020, maintaining $0.46 diluted EPS, consistent with Q3 2020, but down from $29.1 million or $0.56 EPS in Q4 2019. Total loans increased by $91.3 million, or 5.8% annualized, and total deposits grew by $290.3 million, or 18.7% annualized. The Company declared a quarterly cash dividend of $0.17. For the full year, net income was $73.9 million, or $1.48 diluted EPS, down from $90.7 million, or $1.68 EPS in 2019. The net interest margin decreased to 3.29% in Q4, primarily due to reduced loan yields.
Veritex Holdings, Inc. (Nasdaq: VBTX) will release its fourth quarter and year end 2020 results after the market close on January 26, 2021. An investor conference call is scheduled for January 27, 2021 at 8:30 a.m. Central Time to discuss the results. Participants can pre-register for the call or dial in directly. The earnings release will be accessible on the Company's website, with a live webcast available for the call and a replay offered afterward.
Veritex Holdings (VBTX) reported a net income of $22.9 million for Q3 2020, with diluted EPS at $0.46, down from $0.51 one year prior. Key highlights include a 10.7% annualized growth in total loans and a 6.3% increase in total deposits. However, noninterest income fell by 54% from the previous quarter, primarily due to a decline in government-guaranteed loan income. The company also declared a quarterly cash dividend of $0.17, payable on November 19, 2020. Despite challenges from the pandemic, loan deferrals decreased by 87% since July, indicating recovery potential.
Veritex Holdings, Inc. (Nasdaq: VBTX) has declared a quarterly cash dividend of $0.17 per share on its outstanding common stock. This dividend will be paid on or after November 19, 2020 to shareholders of record as of the close of business on November 5, 2020. Headquartered in Dallas, Texas, Veritex operates through its subsidiary, Veritex Community Bank, which is regulated by the Texas Department of Banking and the Federal Reserve System.
Veritex Holdings, Inc. (Nasdaq: VBTX) announced it will release its third quarter 2020 results after market close on October 27, 2020. An investor conference call will follow on October 28, 2020, at 8:30 a.m. Central Time. Participants can pre-register for the call to receive a unique PIN for immediate access. The call will be webcast live, with an audio replay available shortly after. Veritex Holdings operates through Veritex Community Bank, serving the Dallas-Fort Worth and Houston areas.
Veritex Holdings (Nasdaq: VBTX) has priced a public offering of $125 million in Fixed-to-Floating Rate Subordinated Notes due 2030, initially set at a 4.125% interest rate. From October 15, 2025, the notes will transition to a floating interest rate based on the Three-Month Term SOFR plus 399.5 basis points. Proceeds will be used for general corporate purposes, including debt repayment and enhancing capital levels at Veritex Community Bank. The offering is expected to fund on October 5, 2020, pending customary closing conditions.
Veritex Holdings, Inc. (Nasdaq: VBTX) has declared a quarterly cash dividend of $0.17 per share on its common stock. This dividend is scheduled for payment on or after August 20, 2020, to shareholders on record as of the close of business on August 6, 2020. As a Texas bank holding company, Veritex conducts its banking activities through Veritex Community Bank, which operates in the Dallas-Fort Worth and Houston areas.
Veritex Holdings, Inc. (Nasdaq: VBTX) announced plans to release its second quarter 2020 results on July 28, 2020, after the market closes. The earnings will be available on their website, with a subsequent investor call scheduled for July 29, 2020, at 8:30 a.m. CT. Participants can pre-register for the call to receive a unique PIN for access. An audio replay will be available one hour after the call and can be accessed until August 5, 2020.
FAQ
What is the current stock price of Veritex Holdings (VBTX)?
What is the market cap of Veritex Holdings (VBTX)?
What services does Veritex Holdings, Inc. offer?
How does Veritex generate its revenue?
Where is Veritex Holdings, Inc. headquartered?
Who are the primary clients of Veritex Holdings?
What recent achievements has Veritex announced?
What are some of the online services provided by Veritex?
Does Veritex offer automated teller machine (ATM) services?
How does Veritex maintain its community connection?
When is the next investor conference call scheduled?
How can investors access the latest updates from Veritex?
