Veritex (VBTX) Financials

$23.88 -0.12 (-0.50%)

Closing price 04:00 PM Eastern

Extended Trading

$23.86 -0.02 (-0.08%)

As of 05:54 PM Eastern

Annual Income Statements for Veritex

This table shows Veritex's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	5.13	8.69	13	15	39	91	74	140	146	108	107
Consolidated Net Income / (Loss)	5.21	8.79	13	15	39	91	74	140	146	108	107
Net Income / (Loss) Continuing Operations	5.21	8.79	13	15	39	91	74	140	146	108	107
Total Pre-Tax Income	7.91	13	19	28	50	116	88	176	187	144	139
Total Revenue	28	35	47	76	126	315	313	339	417	418	426
Net Interest Income / (Expense)	25	31	41	69	115	285	266	281	365	399	385
Total Interest Income	28	35	47	80	145	379	322	316	449	727	757
Loans and Leases Interest Income	27	34	45	74	134	341	287	281	400	648	651
Investment Securities Interest Income	0.84	1.00	1.41	3.46	6.61	29	31	32	39	44	62
Deposits and Money Market Investments Interest Income	0.18	0.24	0.50	2.29	3.15	5.54	1.22	0.59	6.28	28	40
Other Interest Income	0.00	0.00	0.00	0.01	0.86	2.95	3.32	3.24	4.72	5.93	3.98
Total Interest Expense	2.92	3.46	5.64	11	30	94	56	36	85	328	372
Deposits Interest Expense	2.42	2.92	4.99	9.88	27	79	37	16	58	274	356
Long-Term Debt Interest Expense	0.50	0.54	0.65	1.17	2.73	15	19	20	27	53	16
Total Non-Interest Income	2.50	3.70	6.50	7.58	11	30	47	58	53	19	40
Other Service Charges	1.38	1.68	3.20	4.07	5.95	27	27	33	37	33	39
Net Realized & Unrealized Capital Gains on Investments	0.69	1.28	3.30	3.36	2.99	3.33	18	23	8.92	-16	-0.62
Other Non-Interest Income	0.43	0.75	0.00	0.14	2.13	-	2.48	2.49	7.22	1.63	1.56
Provision for Credit Losses	1.42	0.87	2.05	5.11	6.60	22	66	-4.83	28	40	20
Total Non-Interest Expense	19	21	26	43	69	178	159	168	203	233	267
Salaries and Employee Benefits	10	11	14	21	31	73	79	95	118	122	141
Net Occupancy & Equipment Expense	4.29	4.69	4.83	7.84	14	25	26	27	33	38	40
Marketing Expense	0.59	0.80	0.98	1.29	1.78	3.26	3.65	5.34	7.18	8.70	9.20
Other Operating Expenses	2.88	3.85	5.21	9.18	14	27	40	30	34	55	67
Amortization Expense	0.30	0.34	0.38	0.96	3.47	11	11	10	9.98	9.84	9.75
Restructuring Charge	-	-	0.00	2.69	5.22	39	0.00	0.83	1.38	0.00	0.00
Income Tax Expense	2.71	4.12	6.47	13	11	25	14	37	40	36	32
Basic Earnings per Share	$0.73	$0.86	$1.16	$0.82	$1.63	$1.71	$1.48	$2.83	$2.75	$2.00	$1.97
Weighted Average Basic Shares Outstanding	6.99M	10.06M	10.85M	18.40M	24.17M	50.50M	49.42M	49.58M	54.16M	54.50M	54.47M
Diluted Earnings per Share	$0.72	$0.84	$1.13	$0.80	$1.60	$1.68	$1.48	$2.77	$2.71	$1.98	$1.95
Weighted Average Diluted Shares Outstanding	6.99M	10.06M	10.85M	18.40M	24.17M	50.50M	49.42M	49.58M	54.16M	54.50M	54.47M
Weighted Average Basic & Diluted Shares Outstanding	6.99M	10.06M	10.85M	18.40M	24.17M	50.50M	49.42M	49.58M	54.16M	54.50M	54.47M

This table shows Veritex's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	43	40	38	34	33	3.50	24	27	31	25
Consolidated Net Income / (Loss)	43	40	38	34	33	3.50	24	27	31	25
Net Income / (Loss) Continuing Operations	43	40	38	34	33	3.50	24	27	31	25
Total Pre-Tax Income	56	52	49	43	42	9.50	31	35	39	33
Total Revenue	114	120	117	115	109	78	99	107	113	106
Net Interest Income / (Expense)	101	106	103	101	99	96	93	96	100	96
Total Interest Income	123	152	170	183	187	188	185	191	197	185
Loans and Leases Interest Income	109	137	152	164	167	165	162	167	167	155
Investment Securities Interest Income	10	11	11	10	11	12	14	15	16	17
Deposits and Money Market Investments Interest Income	1.90	3.40	5.53	7.51	7.13	8.16	8.05	7.72	13	12
Other Interest Income	1.67	1.09	1.41	1.12	1.69	1.72	0.90	1.14	1.00	0.94
Total Interest Expense	22	46	66	82	88	92	92	95	97	89
Deposits Interest Expense	17	33	51	61	76	86	87	90	93	85
Long-Term Debt Interest Expense	5.37	14	15	21	12	5.68	4.51	4.58	3.16	3.46
Total Non-Interest Income	13	14	14	14	9.67	-18	6.66	11	13	10
Other Service Charges	10	11	10	8.08	7.84	7.02	9.94	8.93	12	8.54
Net Realized & Unrealized Capital Gains on Investments	-0.47	1.85	2.85	4.63	1.64	-25	-3.69	1.32	0.78	0.97
Other Non-Interest Income	3.36	1.59	0.22	0.98	0.20	0.23	0.41	0.33	0.27	0.55
Provision for Credit Losses	7.50	11	11	14	7.72	8.00	5.96	8.25	4.00	1.90
Total Non-Interest Expense	51	57	57	57	59	60	62	63	70	71
Salaries and Employee Benefits	30	34	32	29	31	31	33	33	37	37
Net Occupancy & Equipment Expense	8.12	9.31	9.69	9.54	9.42	9.24	9.53	9.68	10	10
Marketing Expense	1.85	1.84	1.78	2.63	2.35	1.95	1.55	1.98	2.78	2.90
Other Operating Expenses	8.43	10	11	14	14	16	15	16	17	18
Amortization Expense	2.49	2.50	2.50	2.47	2.44	2.44	2.44	2.44	2.44	2.44
Income Tax Expense	12	12	11	9.73	9.28	6.00	7.24	8.22	8.07	8.22
Basic Earnings per Share	$0.80	$0.74	$0.71	$0.62	$0.60	$0.07	$0.44	$0.50	$0.57	$0.46
Weighted Average Basic Shares Outstanding	54.01M	54.16M	108.50M	108.61M	108.64M	54.50M	54.53M	54.39M	54.48M	54.47M
Diluted Earnings per Share	$0.79	$0.73	$0.70	$0.62	$0.60	$0.06	$0.44	$0.50	$0.56	$0.45
Weighted Average Diluted Shares Outstanding	54.01M	54.16M	108.50M	108.61M	108.64M	54.50M	54.53M	54.39M	54.48M	54.47M
Weighted Average Basic & Diluted Shares Outstanding	54.01M	54.16M	108.50M	108.61M	108.64M	54.50M	54.53M	54.39M	54.48M	54.47M

This table details how cash moves in and out of Veritex's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	17	-22	163	-100	-65	167	-21	149	56	193	226
Net Cash From Operating Activities	2.23	16	11	27	50	104	108	193	193	144	136
Net Cash From Continuing Operating Activities	2.23	16	11	12	50	104	108	193	193	144	136
Net Income / (Loss) Continuing Operations	5.21	8.79	13	0.00	39	91	74	140	146	108	107
Consolidated Net Income / (Loss)	5.21	8.79	13	-	39	91	74	140	146	108	107
Provision For Loan Losses	1.42	0.87	2.05	5.11	6.60	22	66	-4.83	28	40	20
Depreciation Expense	1.34	1.42	1.70	2.84	7.08	16	16	16	19	19	20
Amortization Expense	0.41	0.31	0.61	-1.97	-6.20	-35	-13	-4.31	-0.34	-1.75	-7.34
Non-Cash Adjustments to Reconcile Net Income	-7.69	5.10	-5.32	8.80	3.03	25	-19	35	6.63	-15	-1.94
Changes in Operating Assets and Liabilities, net	1.54	-0.27	-0.73	-2.68	0.54	-14	-17	12	-6.31	-7.52	-1.34
Net Cash From Investing Activities	-117	-146	-203	-125	-400	-46	-875	-816	-2,399	-48	-181
Net Cash From Continuing Investing Activities	-117	-146	-203	-125	-400	-46	-875	-816	-2,399	-48	-181
Purchase of Property, Leasehold Improvements and Equipment	-3.67	-2.39	-4.27	-41	-5.01	-7.66	-2.86	-14	-4.62	-1.85	-13
Purchase of Investment Securities	-427	-481	-547	-1,074	-1,197	-929	-2,075	-972	-2,664	-1,547	-1,680
Sale and/or Maturity of Investments	314	325	348	968	802	883	1,204	169	269	1,501	1,512
Net Cash From Financing Activities	131	108	356	12	285	109	746	772	2,263	96	270
Net Cash From Continuing Financing Activities	131	108	356	12	285	109	746	772	2,263	96	270
Net Change in Deposits	65	132	251	18	344	-196	619	851	1,760	1,216	419
Issuance of Debt	25	0.11	9.97	10	0.11	75	123	0.00	35,050	48,817	0.00
Issuance of Common Equity	41	0.00	95	57	-	-	0.00	0.00	154	0.00	0.00
Repayment of Debt	0.00	-16	0.00	-47	-58	350	95	-35	-34,653	-49,892	-100
Repurchase of Common Equity	-	-	-	0.00	0.00	-95	-57	-16	0.00	0.00	-3.54
Payment of Dividends	0.08	-0.10	0.00	-0.23	0.00	-27	-34	-37	-42	-43	-44
Other Financing Activities, Net	0.00	-0.20	0.34	-0.92	-1.04	1.72	0.45	7.60	-6.27	-1.38	-1.21

This table details how cash moves in and out of Veritex's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	23	2.18	372	-144	49	-84	112	-89	449	-246
Net Cash From Operating Activities	50	43	35	64	40	6.02	44	41	57	-6.63
Net Cash From Continuing Operating Activities	50	43	35	64	40	6.02	44	41	57	-6.63
Net Income / (Loss) Continuing Operations	43	40	38	34	33	3.50	24	27	31	25
Consolidated Net Income / (Loss)	43	40	38	34	33	3.50	24	27	31	25
Provision For Loan Losses	7.50	11	11	14	7.72	8.00	5.96	8.25	4.00	1.90
Depreciation Expense	4.62	4.67	4.76	5.28	4.86	4.59	5.13	4.40	4.66	5.47
Amortization Expense	0.30	-0.33	0.11	0.19	-0.54	-1.51	-0.07	-3.04	-1.70	-2.53
Non-Cash Adjustments to Reconcile Net Income	-0.61	-6.49	-20	10	-5.82	0.97	22	1.30	9.90	-35
Changes in Operating Assets and Liabilities, net	-4.98	-5.68	0.86	0.24	0.91	-9.52	-13	3.18	9.59	-1.15
Net Cash From Investing Activities	-397	-429	-67	-42	183	-122	-237	-88	90	54
Net Cash From Continuing Investing Activities	-397	-429	-67	-42	183	-122	-237	-88	90	54
Purchase of Property, Leasehold Improvements and Equipment	-1.21	-1.39	0.02	0.32	-1.36	-0.84	-0.77	-1.13	-10	-0.47
Purchase of Investment Securities	-524	-477	-300	-198	-175	-875	-384	-269	-105	-921
Sale and/or Maturity of Investments	128	49	233	156	359	753	148	183	206	975
Net Cash From Financing Activities	370	387	404	-166	-173	32	305	-43	301	-293
Net Cash From Continuing Financing Activities	370	387	404	-166	-173	32	305	-43	301	-293
Net Change in Deposits	231	375	-88	199	963	143	317	72	312	-282
Payment of Dividends	-11	-11	-11	-11	-11	-11	-11	-11	-11	-11
Other Financing Activities, Net	-1.00	-2.11	-1.39	0.18	-0.19	0.02	-1.26	-0.32	-0.26	0.63

This table presents Veritex's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	802	1,040	1,409	2,946	3,209	7,955	8,821	9,757	12,154	12,394	12,768
Cash and Due from Banks	9.22	11	16	149	20	65	44	424	61	59	52
Interest Bearing Deposits at Other Banks	84	61	219	-	65	186	186	336	376	570	803
Trading Account Securities	49	80	110	242	263	1,012	1,070	102	1,302	1,279	1,501
Loans and Leases, Net of Allowance	0.00	0.00	0.00	2,221	2,536	-30	6,101	0.00	8,945	9,097	8,787
Loans and Leases	-	-	-	2,233	2,555	-	6,206	-	9,036	9,207	8,899
Allowance for Loan and Lease Losses	-	-	-	13	19	30	105	-	91	110	112
Loans Held for Sale	606	817	989	0.84	1.26	14	21	-	21	79	89
Premises and Equipment, Net	11	17	17	75	78	119	115	109	109	106	113
Mortgage Servicing Rights	-	-	-	-	-	184	578	-	446	378	605
Goodwill	19	27	27	159	161	371	371	404	404	404	404
Intangible Assets	1.26	2.41	2.18	20	16	72	62	66	53	42	29
Other Assets	22	25	29	78	68	5,962	271	222	437	381	384
Total Liabilities & Shareholders' Equity	802	1,040	1,409	2,946	3,209	7,955	8,821	9,757	12,154	12,394	12,768
Total Liabilities	689	908	1,169	2,457	2,678	6,764	7,617	6,569	10,705	10,863	11,167
Non-Interest Bearing Deposits	251	301	328	613	626	1,557	2,097	2,511	2,641	2,218	2,191
Interest Bearing Deposits	388	567	792	1,666	1,996	4,338	4,416	3,276	6,483	8,120	8,561
Other Short-Term Payables	1.58	1.78	2.91	5.10	5.41	-	62	-	178	195	184
Long-Term Debt	48	36	46	88	45	826	1,040	778	1,404	330	231
Total Equity & Noncontrolling Interests	113	132	239	489	531	1,191	1,203	1,315	1,450	1,531	1,601
Total Preferred & Common Equity	113	132	239	489	531	1,191	1,203	1,315	1,450	1,531	1,601
Total Common Equity	105	132	239	489	531	1,191	1,203	1,315	1,450	1,531	1,601
Common Stock	98	116	211	446	450	1,118	1,127	1,143	1,307	1,318	1,329
Retained Earnings	8.05	17	29	45	84	148	172	275	379	444	508
Treasury Stock	-0.07	-0.07	-0.07	-0.07	-0.07	-95	-152	-168	-168	-168	-171
Accumulated Other Comprehensive Income / (Loss)	0.17	-0.14	-1.25	-1.28	-2.93	19	56	64	-69	-63	-65

This table presents Veritex's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	11,714	12,609	12,470	12,346	12,708	12,684	13,043
Cash and Due from Banks	52	866	53	54	42	53	54
Interest Bearing Deposits at Other Banks	382	751	611	660	699	598	1,047
Trading Account Securities	1,323	987	1,165	1,081	1,367	1,371	1,446
Loans and Leases, Net of Allowance	8,428	-99	9,155	9,128	9,138	9,096	8,911
Loans and Leases	8,513	-	9,257	9,237	9,250	9,209	9,029
Allowance for Loan and Lease Losses	85	99	102	110	112	113	117
Loans Held for Sale	18	43	30	41	65	57	48
Premises and Equipment, Net	109	108	106	106	105	105	114
Mortgage Servicing Rights	524	-	436	391	450	568	631
Goodwill	404	404	404	404	404	404	404
Intangible Assets	56	51	48	44	39	36	33
Other Assets	418	332	462	437	401	395	354
Total Liabilities & Shareholders' Equity	11,714	12,609	12,470	12,346	12,708	12,684	13,043
Total Liabilities	10,303	10,510	10,979	10,855	11,170	11,136	11,435
Non-Interest Bearing Deposits	2,811	2,212	2,234	2,363	2,349	2,417	2,644
Interest Bearing Deposits	5,937	6,389	7,000	7,833	8,305	8,308	8,392
Other Short-Term Payables	173	-	191	229	186	181	168
Long-Term Debt	1,379	1,909	1,554	430	330	230	231
Total Equity & Noncontrolling Interests	1,412	1,494	1,491	1,491	1,539	1,549	1,608
Total Preferred & Common Equity	1,412	1,494	1,491	1,491	1,539	1,549	1,608
Total Common Equity	1,412	1,494	1,491	1,491	1,539	1,549	1,608
Common Stock	1,304	1,309	1,312	1,315	1,320	1,323	1,326
Retained Earnings	350	407	430	452	457	474	494
Treasury Stock	-168	-168	-168	-168	-168	-171	-171
Accumulated Other Comprehensive Income / (Loss)	-74	-55	-83	-108	-71	-77	-40

This table displays calculated financial ratios and metrics derived from Veritex's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	18.79%	26.32%	34.97%	60.32%	65.74%	149.94%	-0.65%	8.32%	23.08%	0.18%	1.78%
EBITDA Growth	36.39%	51.41%	45.79%	36.19%	75.94%	90.01%	-5.93%	105.49%	9.18%	-20.95%	-6.62%
EBIT Growth	52.56%	63.17%	47.35%	48.18%	78.27%	130.63%	-23.97%	100.15%	5.86%	-22.69%	-3.67%
NOPAT Growth	52.73%	68.88%	42.79%	20.72%	159.64%	130.65%	-18.58%	88.93%	4.82%	-26.01%	-0.94%
Net Income Growth	52.73%	68.88%	42.79%	20.72%	159.64%	130.65%	-18.58%	88.93%	4.82%	-26.01%	-0.94%
EPS Growth	26.32%	16.67%	34.52%	-29.20%	100.00%	5.00%	-11.90%	87.16%	-2.17%	-26.94%	-1.52%
Operating Cash Flow Growth	-58.64%	625.79%	-32.99%	145.51%	88.99%	106.32%	3.55%	79.74%	-0.40%	-25.24%	-5.35%
Free Cash Flow Firm Growth	22.16%	102.48%	-6,390.60%	-179.03%	119.15%	-2,521.34%	88.48%	-918.19%	179.71%	-12.85%	-87.60%
Invested Capital Growth	80.70%	4.42%	69.38%	107.33%	-2.78%	250.50%	11.38%	76.76%	-28.13%	-34.78%	-1.57%
Revenue Q/Q Growth	0.00%	8.42%	4.69%	26.01%	3.50%	16.52%	3.33%	1.74%	7.06%	-9.26%	7.16%
EBITDA Q/Q Growth	0.00%	9.80%	4.92%	16.54%	10.86%	20.64%	6.23%	10.98%	0.61%	-21.18%	18.35%
EBIT Q/Q Growth	0.00%	12.10%	5.22%	25.15%	6.19%	25.86%	-1.35%	10.11%	-0.22%	-22.66%	20.45%
NOPAT Q/Q Growth	0.00%	11.17%	5.17%	0.44%	20.04%	26.88%	-7.80%	15.47%	-1.09%	-25.16%	24.91%
Net Income Q/Q Growth	0.00%	11.17%	5.17%	0.44%	20.04%	26.88%	-7.80%	15.47%	-1.09%	-25.16%	24.91%
EPS Q/Q Growth	0.00%	6.33%	3.67%	-15.79%	21.21%	9.80%	-5.73%	14.46%	-2.87%	-25.28%	25.00%
Operating Cash Flow Q/Q Growth	-44.99%	31.17%	6.00%	42.70%	2.49%	19.43%	-12.01%	-5.06%	26.10%	-20.57%	-8.49%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	-712.40%	1.92%	176.02%	0.33%	47.54%	-876.04%	497.28%	8.25%	-18.73%
Invested Capital Q/Q Growth	0.00%	2.72%	51.15%	18.16%	-5.21%	-0.83%	-6.81%	70.62%	2.17%	-3.10%	-0.37%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	34.71%	41.61%	44.95%	38.18%	40.53%	30.81%	29.17%	55.35%	49.10%	38.74%	35.55%
EBIT Margin	28.42%	36.71%	40.07%	37.04%	39.84%	36.76%	28.13%	51.98%	44.71%	34.50%	32.65%
Profit (Net Income) Margin	18.70%	25.00%	26.45%	19.91%	31.20%	28.79%	23.59%	41.15%	35.05%	25.89%	25.19%
Tax Burden Percent	65.80%	68.10%	66.00%	53.77%	78.31%	78.32%	83.88%	79.17%	78.40%	75.03%	77.16%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	34.20%	31.90%	34.00%	46.23%	21.69%	21.68%	16.12%	20.83%	21.60%	24.97%	22.84%
Return on Invested Capital (ROIC)	4.15%	5.33%	5.53%	3.45%	6.74%	7.00%	3.47%	4.49%	4.29%	4.59%	5.81%
ROIC Less NNEP Spread (ROIC-NNEP)	4.15%	5.33%	5.53%	3.45%	6.74%	7.00%	3.47%	4.49%	4.29%	4.59%	5.81%
Return on Net Nonoperating Assets (RNNOA)	1.65%	1.84%	1.23%	0.71%	0.98%	3.54%	2.71%	6.59%	6.30%	2.67%	1.04%
Return on Equity (ROE)	5.80%	7.17%	6.76%	4.16%	7.72%	10.54%	6.17%	11.08%	10.58%	7.26%	6.85%
Cash Return on Invested Capital (CROIC)	-53.35%	1.01%	-45.98%	-66.39%	9.56%	-104.21%	-7.30%	-50.98%	37.02%	46.69%	7.39%
Operating Return on Assets (OROA)	1.08%	1.40%	1.55%	1.29%	1.63%	2.08%	1.05%	1.90%	1.70%	1.18%	1.10%
Return on Assets (ROA)	0.71%	0.95%	1.03%	0.70%	1.28%	1.63%	0.88%	1.50%	1.34%	0.88%	0.85%
Return on Common Equity (ROCE)	5.28%	6.93%	6.76%	4.16%	7.72%	10.54%	6.17%	11.08%	10.58%	7.26%	6.85%
Return on Equity Simple (ROE_SIMPLE)	4.59%	6.66%	5.25%	3.10%	7.41%	7.62%	6.14%	10.61%	10.09%	7.07%	6.70%
Net Operating Profit after Tax (NOPAT)	5.21	8.79	13	15	39	91	74	140	146	108	107
NOPAT Margin	18.70%	25.00%	26.45%	19.91%	31.20%	28.79%	23.59%	41.15%	35.05%	25.89%	25.19%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	53.57%	47.66%	42.44%	39.37%	36.97%	31.98%	34.71%	37.53%	37.79%	40.33%	44.59%
Operating Expenses to Revenue	66.47%	60.83%	55.61%	56.24%	54.92%	56.41%	50.90%	49.45%	48.64%	55.82%	62.62%
Earnings before Interest and Taxes (EBIT)	7.91	13	19	28	50	116	88	176	187	144	139
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	9.66	15	21	29	51	97	91	188	205	162	151
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.07	1.10	1.01	1.07	0.82	1.09	0.94	1.35	0.96	0.79	0.92
Price to Tangible Book Value (P/TBV)	1.33	1.42	1.15	1.70	1.23	1.73	1.47	2.10	1.41	1.12	1.26
Price to Revenue (P/Rev)	4.04	4.15	5.08	6.89	3.45	4.11	3.61	5.24	3.34	2.89	3.45
Price to Earnings (P/E)	21.97	16.77	19.20	34.72	11.05	14.27	15.29	12.73	9.54	11.18	13.70
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	2.00%	2.99%	2.05%	3.87%	3.59%	2.97%
Earnings Yield	4.55%	5.96%	5.21%	2.88%	9.05%	7.01%	6.54%	7.86%	10.48%	8.94%	7.30%
Enterprise Value to Invested Capital (EV/IC)	0.47	0.66	0.18	0.81	0.69	0.93	0.86	0.45	0.83	0.49	0.46
Enterprise Value to Revenue (EV/Rev)	2.71	3.15	1.11	6.29	3.13	5.93	6.20	5.30	5.66	2.18	1.98
Enterprise Value to EBITDA (EV/EBITDA)	7.80	7.56	2.46	16.47	7.73	19.24	21.25	9.58	11.53	5.62	5.58
Enterprise Value to EBIT (EV/EBIT)	9.53	8.57	2.76	16.98	7.86	16.13	22.04	10.20	12.66	6.32	6.07
Enterprise Value to NOPAT (EV/NOPAT)	14.49	12.59	4.19	31.57	10.04	20.59	26.28	12.89	16.15	8.42	7.87
Enterprise Value to Operating Cash Flow (EV/OCF)	33.77	6.83	4.84	17.94	7.84	17.98	18.04	9.30	12.26	6.32	6.19
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	66.70	0.00	0.00	7.08	0.00	0.00	0.00	1.87	0.83	6.18
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.42	0.28	0.19	0.21	0.08	0.69	0.87	0.59	0.97	0.22	0.14
Long-Term Debt to Equity	0.42	0.28	0.19	0.18	0.08	0.69	0.86	0.59	0.97	0.22	0.14
Financial Leverage	0.40	0.34	0.22	0.20	0.14	0.51	0.78	1.47	1.47	0.58	0.18
Leverage Ratio	8.17	7.51	6.60	5.98	6.04	6.49	7.01	7.38	7.93	8.23	8.03
Compound Leverage Factor	8.17	7.51	6.60	5.98	6.04	6.49	7.01	7.38	7.93	8.23	8.03
Debt to Total Capital	29.79%	21.64%	16.24%	17.38%	7.77%	40.95%	46.42%	37.28%	49.19%	17.72%	12.60%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	2.53%	0.00%	0.00%	0.10%	0.19%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	29.79%	21.64%	16.24%	14.85%	7.77%	40.95%	46.32%	37.08%	49.19%	17.72%	12.60%
Preferred Equity to Total Capital	4.96%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	65.25%	78.36%	83.76%	82.62%	92.23%	59.05%	53.58%	62.72%	50.81%	82.28%	87.40%
Debt to EBITDA	4.98	2.49	2.17	3.54	0.87	8.50	11.41	4.16	6.85	2.04	1.53
Net Debt to EBITDA	-4.68	-2.40	-8.84	-1.59	-0.78	5.91	8.89	0.12	4.72	-1.85	-4.13
Long-Term Debt to EBITDA	4.98	2.49	2.17	3.02	0.87	8.50	11.39	4.14	6.85	2.04	1.53
Debt to NOPAT	9.24	4.15	3.69	6.79	1.14	9.10	14.11	5.60	9.59	3.05	2.15
Net Debt to NOPAT	-8.68	-4.00	-15.01	-3.05	-1.01	6.33	10.99	0.16	6.61	-2.76	-5.82
Long-Term Debt to NOPAT	9.24	4.15	3.69	5.80	1.14	9.10	14.08	5.57	9.59	3.05	2.15
Noncontrolling Interest Sharing Ratio	8.91%	3.26%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-67	1.66	-104	-291	56	-1,351	-156	-1,585	1,263	1,101	137
Operating Cash Flow to CapEx	60.88%	994.29%	254.09%	65.72%	1,005.15%	20,586.14%	3,758.73%	1,425.35%	4,171.56%	7,771.68%	1,086.34%
Free Cash Flow to Firm to Interest Expense	-22.91	0.48	-18.50	-26.37	1.86	-14.41	-2.78	-44.38	14.90	3.36	0.37
Operating Cash Flow to Interest Expense	0.77	4.68	1.93	2.41	1.68	1.11	1.92	5.42	2.27	0.44	0.37
Operating Cash Flow Less CapEx to Interest Expense	-0.49	4.21	1.17	-1.26	1.51	1.10	1.87	5.04	2.22	0.43	0.33
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.04	0.04	0.03	0.04	0.06	0.04	0.04	0.04	0.03	0.03
Fixed Asset Turnover	2.64	2.46	2.72	1.64	1.64	3.20	2.68	3.02	3.83	3.90	3.88
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	161	169	285	592	575	2,017	2,246	3,970	2,854	1,861	1,832
Invested Capital Turnover	0.22	0.21	0.21	0.17	0.22	0.24	0.15	0.11	0.12	0.18	0.23
Increase / (Decrease) in Invested Capital	72	7.13	117	306	-16	1,441	230	1,724	-1,117	-992	-29
Enterprise Value (EV)	75	111	53	478	395	1,869	1,941	1,799	2,364	911	844
Market Capitalization	113	146	241	525	435	1,294	1,130	1,777	1,396	1,211	1,469
Book Value per Share	$11.13	$12.33	$22.25	$21.59	$21.90	$22.94	$24.23	$26.68	$26.85	$28.19	$29.39
Tangible Book Value per Share	$8.97	$9.59	$19.54	$13.64	$14.58	$14.41	$15.52	$17.15	$18.37	$19.98	$21.44
Total Capital	161	169	285	592	575	2,017	2,246	2,097	2,854	1,861	1,832
Total Debt	48	36	46	103	45	826	1,043	782	1,404	330	231
Total Long-Term Debt	48	36	46	88	45	826	1,040	778	1,404	330	231
Net Debt	-45	-35	-188	-46	-40	574	812	22	968	-299	-624
Capital Expenditures (CapEx)	3.67	1.63	4.27	41	5.01	0.51	2.86	14	4.62	1.85	13
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	48	36	46	103	45	826	1,043	2,655	1,404	330	231
Total Depreciation and Amortization (D&A)	1.75	1.72	2.31	0.87	0.87	-19	3.27	11	18	18	12
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.73	$0.86	$1.16	$0.82	$1.63	$1.71	$1.48	$2.83	$2.75	$2.00	$1.97
Adjusted Weighted Average Basic Shares Outstanding	9.48M	10.72M	15.22M	24.13M	54.54M	50.50M	49.42M	49.58M	54.16M	54.50M	54.47M
Adjusted Diluted Earnings per Share	$0.72	$0.84	$1.13	$0.80	$1.60	$1.68	$1.48	$2.77	$2.71	$1.98	$1.95
Adjusted Weighted Average Diluted Shares Outstanding	9.48M	10.72M	15.22M	24.13M	54.54M	50.50M	49.42M	49.58M	54.16M	54.50M	54.47M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$1.71	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	9.48M	10.72M	15.22M	24.13M	54.54M	50.50M	49.42M	49.58M	54.16M	54.50M	54.47M
Normalized Net Operating Profit after Tax (NOPAT)	5.21	8.79	13	17	43	121	74	140	147	108	107
Normalized NOPAT Margin	18.70%	25.00%	26.45%	21.82%	34.44%	38.47%	23.59%	41.35%	35.31%	25.89%	25.19%
Pre Tax Income Margin	28.42%	36.71%	40.07%	37.04%	39.84%	36.76%	28.13%	51.98%	44.71%	34.50%	32.65%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.71	3.73	3.37	2.55	1.67	1.24	1.57	4.94	2.20	0.44	0.37
NOPAT to Interest Expense	1.78	2.54	2.23	1.37	1.31	0.97	1.32	3.91	1.73	0.33	0.29
EBIT Less CapEx to Interest Expense	1.45	3.26	2.61	-1.12	1.51	1.23	1.52	4.56	2.15	0.43	0.34
NOPAT Less CapEx to Interest Expense	0.53	2.07	1.47	-2.30	1.14	0.96	1.27	3.53	1.67	0.32	0.25
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-1.54%	1.11%	0.00%	1.50%	0.00%	29.53%	46.10%	26.18%	28.90%	40.01%	40.64%
Augmented Payout Ratio	-1.54%	1.11%	0.00%	1.50%	0.00%	133.71%	123.88%	37.29%	28.90%	40.01%	43.94%

This table displays calculated financial ratios and metrics derived from Veritex's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	31.25%	29.64%	32.66%	20.73%	-4.41%	-35.44%	-14.93%	-6.73%	3.79%	36.60%
EBITDA Growth	22.46%	2.27%	20.27%	13.22%	-23.58%	-77.59%	-32.88%	-24.82%	-9.07%	186.53%
EBIT Growth	20.73%	-0.80%	18.89%	15.25%	-24.59%	-81.65%	-36.48%	-18.48%	-6.77%	248.35%
NOPAT Growth	17.61%	-3.88%	14.76%	13.85%	-24.70%	-91.23%	-37.11%	-19.35%	-4.97%	611.12%
Net Income Growth	17.61%	-3.88%	14.76%	13.85%	-24.70%	-91.23%	-37.11%	-19.35%	-4.97%	611.12%
EPS Growth	8.22%	-9.88%	7.69%	14.81%	-24.05%	-91.78%	-37.14%	-19.35%	-6.67%	650.00%
Operating Cash Flow Growth	17.01%	1,158.36%	-49.37%	105.58%	-20.73%	-86.11%	28.17%	-35.26%	44.52%	-210.15%
Free Cash Flow Firm Growth	-451.69%	168.74%	-920.97%	-10.94%	314.13%	-13.89%	243.18%	468.79%	-87.49%	-94.56%
Invested Capital Growth	20.02%	-28.13%	63.03%	14.45%	-31.23%	-34.78%	-53.38%	-41.59%	-4.28%	-1.57%
Revenue Q/Q Growth	20.24%	5.58%	-2.91%	-2.05%	-4.79%	-28.70%	27.95%	7.39%	5.95%	-6.16%
EBITDA Q/Q Growth	39.99%	-7.21%	-3.25%	-9.90%	-5.51%	-72.79%	189.74%	0.91%	14.29%	-14.25%
EBIT Q/Q Growth	47.38%	-6.81%	-4.56%	-12.08%	-3.57%	-77.32%	230.35%	12.84%	10.29%	-15.27%
NOPAT Q/Q Growth	46.23%	-7.91%	-3.72%	-12.19%	-3.29%	-89.27%	590.37%	12.61%	13.97%	-19.74%
Net Income Q/Q Growth	46.23%	-7.91%	-3.72%	-12.19%	-3.29%	-89.27%	590.37%	12.61%	13.97%	-19.74%
EPS Q/Q Growth	46.30%	-7.59%	-4.11%	-11.43%	-3.23%	-90.00%	633.33%	13.64%	12.00%	-19.64%
Operating Cash Flow Q/Q Growth	61.64%	-13.58%	-20.30%	84.66%	-37.67%	-84.86%	635.49%	-6.73%	39.13%	-111.54%
Free Cash Flow Firm Q/Q Growth	-33.61%	373.73%	-230.67%	76.79%	357.88%	10.08%	117.26%	-40.20%	-91.26%	-52.11%
Invested Capital Q/Q Growth	4.95%	2.17%	40.46%	-24.02%	-36.93%	-3.10%	0.40%	-4.80%	3.35%	-0.37%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	53.03%	46.60%	46.44%	42.72%	42.39%	16.18%	36.64%	34.43%	37.14%	33.94%
EBIT Margin	48.72%	43.00%	42.27%	37.94%	38.43%	12.22%	31.56%	33.16%	34.52%	31.17%
Profit (Net Income) Margin	37.98%	33.13%	32.85%	29.45%	29.92%	4.50%	24.29%	25.47%	27.39%	23.43%
Tax Burden Percent	77.96%	77.04%	77.72%	77.62%	77.85%	36.82%	76.95%	76.79%	79.35%	75.16%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	22.04%	22.96%	22.28%	22.38%	22.15%	63.18%	23.05%	23.21%	20.65%	24.84%
Return on Invested Capital (ROIC)	5.79%	4.05%	4.53%	4.81%	5.85%	0.80%	3.31%	4.15%	5.79%	5.40%
ROIC Less NNEP Spread (ROIC-NNEP)	5.79%	4.05%	4.53%	4.81%	5.85%	0.80%	3.31%	4.15%	5.79%	5.40%
Return on Net Nonoperating Assets (RNNOA)	5.20%	5.95%	5.43%	4.59%	3.65%	0.46%	3.11%	2.44%	1.23%	0.97%
Return on Equity (ROE)	10.99%	10.01%	9.97%	9.40%	9.50%	1.26%	6.42%	6.59%	7.02%	6.37%
Cash Return on Invested Capital (CROIC)	-12.42%	37.02%	-43.25%	-8.03%	43.14%	46.69%	76.02%	56.14%	8.94%	7.39%
Operating Return on Assets (OROA)	1.79%	1.64%	1.64%	1.49%	1.47%	0.42%	1.00%	1.04%	1.08%	1.05%
Return on Assets (ROA)	1.39%	1.26%	1.27%	1.15%	1.15%	0.15%	0.77%	0.80%	0.86%	0.79%
Return on Common Equity (ROCE)	10.99%	10.01%	9.97%	9.40%	9.50%	1.26%	6.42%	6.59%	7.02%	6.37%
Return on Equity Simple (ROE_SIMPLE)	10.48%	0.00%	10.13%	10.42%	9.70%	0.00%	6.11%	5.65%	5.34%	0.00%
Net Operating Profit after Tax (NOPAT)	43	40	38	34	33	3.50	24	27	31	25
NOPAT Margin	37.98%	33.13%	32.85%	29.45%	29.92%	4.50%	24.29%	25.47%	27.39%	23.43%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	34.79%	37.24%	37.07%	35.64%	39.18%	53.76%	44.68%	41.61%	44.37%	47.76%
Operating Expenses to Revenue	44.71%	47.63%	48.42%	49.94%	54.49%	77.49%	62.45%	59.11%	61.94%	67.04%
Earnings before Interest and Taxes (EBIT)	56	52	49	43	42	9.50	31	35	39	33
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	60	56	54	49	46	13	36	37	42	36
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.94	0.96	0.62	0.62	0.62	0.79	0.71	0.74	0.88	0.92
Price to Tangible Book Value (P/TBV)	1.39	1.41	0.90	0.89	0.89	1.12	1.00	1.03	1.21	1.26
Price to Revenue (P/Rev)	3.39	3.34	2.08	1.99	2.02	2.89	2.73	2.90	3.58	3.45
Price to Earnings (P/E)	8.94	9.54	6.15	5.96	6.43	11.18	11.62	13.03	16.56	13.70
Dividend Yield	3.26%	3.87%	5.82%	5.86%	5.84%	3.59%	3.98%	3.83%	3.06%	2.97%
Earnings Yield	11.18%	10.48%	16.27%	16.78%	15.55%	8.94%	8.61%	7.68%	6.04%	7.30%
Enterprise Value to Invested Capital (EV/IC)	0.81	0.83	0.30	0.60	0.34	0.49	0.36	0.40	0.30	0.46
Enterprise Value to Revenue (EV/Rev)	5.82	5.66	2.74	3.90	1.40	2.18	1.70	1.83	1.39	1.98
Enterprise Value to EBITDA (EV/EBITDA)	11.14	11.53	5.71	8.26	3.15	5.62	4.73	5.44	4.31	5.58
Enterprise Value to EBIT (EV/EBIT)	12.14	12.66	6.28	9.07	3.47	6.32	5.40	6.07	4.78	6.07
Enterprise Value to NOPAT (EV/NOPAT)	15.35	16.15	8.08	11.69	4.47	8.42	7.25	8.21	6.42	7.87
Enterprise Value to Operating Cash Flow (EV/OCF)	14.85	12.26	7.68	9.47	3.56	6.32	4.43	5.47	3.70	6.19
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	1.87	0.00	0.00	0.64	0.83	0.31	0.53	3.28	6.18
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.98	0.97	1.28	1.04	0.29	0.22	0.21	0.15	0.14	0.14
Long-Term Debt to Equity	0.98	0.97	1.28	1.04	0.29	0.22	0.21	0.15	0.14	0.14
Financial Leverage	0.90	1.47	1.20	0.95	0.62	0.58	0.94	0.59	0.21	0.18
Leverage Ratio	7.90	7.93	7.84	8.14	8.29	8.23	8.35	8.27	8.19	8.03
Compound Leverage Factor	7.90	7.93	7.84	8.14	8.29	8.23	8.35	8.27	8.19	8.03
Debt to Total Capital	49.45%	49.19%	56.10%	51.03%	22.36%	17.72%	17.66%	12.95%	12.54%	12.60%
Short-Term Debt to Total Capital	0.09%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	49.36%	49.19%	56.10%	51.03%	22.36%	17.72%	17.66%	12.95%	12.54%	12.60%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	50.55%	50.81%	43.90%	48.97%	77.64%	82.28%	82.34%	87.05%	87.46%	87.40%
Debt to EBITDA	6.78	6.85	8.92	7.07	2.09	2.04	2.29	1.74	1.80	1.53
Net Debt to EBITDA	4.65	4.72	1.36	4.05	-1.38	-1.85	-2.85	-3.19	-6.81	-4.13
Long-Term Debt to EBITDA	6.77	6.85	8.92	7.07	2.09	2.04	2.29	1.74	1.80	1.53
Debt to NOPAT	9.34	9.59	12.62	10.00	2.97	3.05	3.51	2.63	2.69	2.15
Net Debt to NOPAT	6.40	6.61	1.93	5.73	-1.96	-2.76	-4.37	-4.82	-10.14	-5.82
Long-Term Debt to NOPAT	9.32	9.59	12.62	10.00	2.97	3.05	3.51	2.63	2.69	2.15
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-423	1,157	-1,511	-351	905	996	2,164	1,294	113	54
Operating Cash Flow to CapEx	4,161.58%	3,120.09%	0.00%	0.00%	2,931.49%	720.84%	5,764.19%	3,654.07%	563.89%	-1,416.67%
Free Cash Flow to Firm to Interest Expense	-19.05	25.08	-22.81	-4.29	10.31	10.82	23.58	13.62	1.17	0.61
Operating Cash Flow to Interest Expense	2.26	0.94	0.52	0.78	0.45	0.07	0.48	0.43	0.59	-0.07
Operating Cash Flow Less CapEx to Interest Expense	2.21	0.91	0.52	0.78	0.44	0.06	0.47	0.42	0.49	-0.08
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.04	0.04	0.04	0.04	0.03	0.03	0.03	0.03	0.03
Fixed Asset Turnover	3.47	3.83	4.12	4.34	4.29	3.90	3.77	3.72	3.61	3.88
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,793	2,854	4,008	3,046	1,921	1,861	1,869	1,779	1,839	1,832
Invested Capital Turnover	0.15	0.12	0.14	0.16	0.20	0.18	0.14	0.16	0.21	0.23
Increase / (Decrease) in Invested Capital	466	-1,117	1,550	385	-872	-992	-2,140	-1,267	-82	-29
Enterprise Value (EV)	2,270	2,364	1,222	1,816	647	911	682	718	551	844
Market Capitalization	1,323	1,396	930	926	930	1,211	1,092	1,140	1,422	1,469
Book Value per Share	$26.16	$26.85	$27.58	$27.49	$27.46	$28.19	$28.22	$28.40	$29.57	$29.39
Tangible Book Value per Share	$17.62	$18.37	$19.17	$19.14	$19.20	$19.98	$20.09	$20.33	$21.53	$21.44
Total Capital	2,793	2,854	3,403	3,046	1,921	1,861	1,869	1,779	1,839	1,832
Total Debt	1,381	1,404	1,909	1,554	430	330	330	230	231	231
Total Long-Term Debt	1,379	1,404	1,909	1,554	430	330	330	230	231	231
Net Debt	947	968	292	890	-284	-299	-411	-422	-870	-624
Capital Expenditures (CapEx)	1.21	1.39	-0.02	-0.32	1.36	0.84	0.77	1.13	10	0.47
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	1,381	1,404	2,514	1,554	430	330	330	230	231	231
Total Depreciation and Amortization (D&A)	4.92	4.34	4.88	5.47	4.32	3.08	5.05	1.36	2.97	2.94
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.80	$0.74	$0.71	$0.62	$0.60	$0.07	$0.44	$0.50	$0.57	$0.46
Adjusted Weighted Average Basic Shares Outstanding	54.01M	54.16M	108.50M	108.61M	108.64M	54.50M	54.53M	54.39M	54.48M	54.47M
Adjusted Diluted Earnings per Share	$0.79	$0.73	$0.70	$0.62	$0.60	$0.06	$0.44	$0.50	$0.56	$0.45
Adjusted Weighted Average Diluted Shares Outstanding	54.01M	54.16M	108.50M	108.61M	108.64M	54.50M	54.53M	54.39M	54.48M	54.47M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	54.01M	54.16M	108.50M	108.61M	108.64M	54.50M	54.53M	54.39M	54.48M	54.47M
Normalized Net Operating Profit after Tax (NOPAT)	44	40	38	34	33	6.65	24	27	31	25
Normalized NOPAT Margin	38.24%	33.13%	32.85%	29.45%	29.92%	8.56%	24.29%	25.47%	27.39%	23.43%
Pre Tax Income Margin	48.72%	43.00%	42.27%	37.94%	38.43%	12.22%	31.56%	33.16%	34.52%	31.17%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.50	1.12	0.75	0.53	0.48	0.10	0.34	0.37	0.40	0.37
NOPAT to Interest Expense	1.95	0.87	0.58	0.41	0.37	0.04	0.26	0.29	0.32	0.28
EBIT Less CapEx to Interest Expense	2.45	1.09	0.75	0.54	0.46	0.09	0.33	0.36	0.30	0.37
NOPAT Less CapEx to Interest Expense	1.90	0.84	0.58	0.42	0.36	0.03	0.25	0.27	0.22	0.28
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	27.96%	28.90%	28.57%	27.85%	29.96%	40.01%	46.15%	49.65%	50.61%	40.64%
Augmented Payout Ratio	27.96%	28.90%	28.57%	27.85%	29.96%	40.01%	46.15%	53.64%	54.73%	43.94%

Frequently Asked Questions About Veritex's Financials

When does Veritex's financial year end?

According to the most recent income statement we have on file, Veritex's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Veritex's net income changed over the last 10 years?

Veritex's net income appears to be on an upward trend, with a most recent value of $107.24 million in 2024, rising from $5.21 million in 2014. The previous period was $108.26 million in 2023. See where experts think Veritex is headed by visiting Veritex's forecast page.

How has Veritex revenue changed over the last 10 years?

Over the last 10 years, Veritex's total revenue changed from $27.84 million in 2014 to $425.65 million in 2024, a change of 1,429.1%.

How much debt does Veritex have?

Veritex's total liabilities were at $11.17 billion at the end of 2024, a 2.8% increase from 2023, and a 1,520.9% increase since 2014.

How much cash does Veritex have?

In the past 10 years, Veritex's cash and equivalents has ranged from $9.22 million in 2014 to $423.81 million in 2021, and is currently $52.49 million as of their latest financial filing in 2024.

How has Veritex's book value per share changed over the last 10 years?

Over the last 10 years, Veritex's book value per share changed from 11.13 in 2014 to 29.39 in 2024, a change of 164.1%.

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This page (NASDAQ:VBTX) was last updated on 5/5/2025 by MarketBeat.com Staff

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Veritex (VBTX) Financials

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Veritex (VBTX) Financials

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