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.
Quarterly Income Statements for Veritex
This table shows Veritex's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Net Income / (Loss) Attributable to Common Shareholders |
|
40 |
38 |
34 |
33 |
3.50 |
24 |
27 |
31 |
25 |
29 |
31 |
Consolidated Net Income / (Loss) |
|
40 |
38 |
34 |
33 |
3.50 |
24 |
27 |
31 |
25 |
29 |
31 |
Net Income / (Loss) Continuing Operations |
|
40 |
38 |
34 |
33 |
3.50 |
24 |
27 |
31 |
25 |
29 |
31 |
Total Pre-Tax Income |
|
52 |
49 |
43 |
42 |
9.50 |
31 |
35 |
39 |
33 |
38 |
39 |
Total Revenue |
|
120 |
117 |
115 |
109 |
78 |
99 |
107 |
113 |
106 |
110 |
110 |
Net Interest Income / (Expense) |
|
106 |
103 |
101 |
99 |
96 |
93 |
96 |
100 |
96 |
95 |
96 |
Total Interest Income |
|
152 |
170 |
183 |
187 |
188 |
185 |
191 |
197 |
185 |
174 |
175 |
Loans and Leases Interest Income |
|
137 |
152 |
164 |
167 |
165 |
162 |
167 |
167 |
155 |
147 |
149 |
Investment Securities Interest Income |
|
11 |
11 |
10 |
11 |
12 |
14 |
15 |
16 |
17 |
17 |
17 |
Deposits and Money Market Investments Interest Income |
|
3.40 |
5.53 |
7.51 |
7.13 |
8.16 |
8.05 |
7.72 |
13 |
12 |
9.24 |
8.04 |
Other Interest Income |
|
1.09 |
1.41 |
1.12 |
1.69 |
1.72 |
0.90 |
1.14 |
1.00 |
0.94 |
0.87 |
0.85 |
Total Interest Expense |
|
46 |
66 |
82 |
88 |
92 |
92 |
95 |
97 |
89 |
78 |
79 |
Deposits Interest Expense |
|
33 |
51 |
61 |
76 |
86 |
87 |
90 |
93 |
85 |
75 |
77 |
Long-Term Debt Interest Expense |
|
14 |
15 |
21 |
12 |
5.68 |
4.51 |
4.58 |
3.16 |
3.46 |
2.85 |
2.17 |
Total Non-Interest Income |
|
14 |
14 |
14 |
9.67 |
-18 |
6.66 |
11 |
13 |
10 |
14 |
13 |
Other Service Charges |
|
11 |
10 |
8.08 |
7.84 |
7.02 |
9.94 |
8.93 |
12 |
8.54 |
10 |
10 |
Net Realized & Unrealized Capital Gains on Investments |
|
1.85 |
2.85 |
4.63 |
1.64 |
-25 |
-3.69 |
1.32 |
0.78 |
0.97 |
3.30 |
1.69 |
Other Non-Interest Income |
|
1.59 |
0.22 |
0.98 |
0.20 |
0.23 |
0.41 |
0.33 |
0.27 |
0.55 |
0.70 |
1.55 |
Provision for Credit Losses |
|
11 |
11 |
14 |
7.72 |
8.00 |
5.96 |
8.25 |
4.00 |
1.90 |
5.30 |
3.25 |
Total Non-Interest Expense |
|
57 |
57 |
57 |
59 |
60 |
62 |
63 |
70 |
71 |
67 |
67 |
Salaries and Employee Benefits |
|
34 |
32 |
29 |
31 |
31 |
33 |
33 |
37 |
37 |
37 |
35 |
Net Occupancy & Equipment Expense |
|
9.31 |
9.69 |
9.54 |
9.42 |
9.24 |
9.53 |
9.68 |
10 |
10 |
10 |
10 |
Marketing Expense |
|
1.84 |
1.78 |
2.63 |
2.35 |
1.95 |
1.55 |
1.98 |
2.78 |
2.90 |
2.03 |
2.61 |
Other Operating Expenses |
|
10 |
11 |
14 |
14 |
16 |
15 |
16 |
17 |
18 |
16 |
17 |
Amortization Expense |
|
2.50 |
2.50 |
2.47 |
2.44 |
2.44 |
2.44 |
2.44 |
2.44 |
2.44 |
2.44 |
2.44 |
Income Tax Expense |
|
12 |
11 |
9.73 |
9.28 |
6.00 |
7.24 |
8.22 |
8.07 |
8.22 |
8.53 |
8.52 |
Basic Earnings per Share |
|
$0.74 |
$0.71 |
$0.62 |
$0.60 |
$0.07 |
$0.44 |
$0.50 |
$0.57 |
$0.46 |
$0.53 |
$0.57 |
Weighted Average Basic Shares Outstanding |
|
54.16M |
108.50M |
108.61M |
108.64M |
54.50M |
54.53M |
54.39M |
54.48M |
54.47M |
54.27M |
54.75M |
Diluted Earnings per Share |
|
$0.73 |
$0.70 |
$0.62 |
$0.60 |
$0.06 |
$0.44 |
$0.50 |
$0.56 |
$0.45 |
$0.53 |
$0.56 |
Weighted Average Diluted Shares Outstanding |
|
54.16M |
108.50M |
108.61M |
108.64M |
54.50M |
54.53M |
54.39M |
54.48M |
54.47M |
54.27M |
54.75M |
Weighted Average Basic & Diluted Shares Outstanding |
|
54.16M |
108.50M |
108.61M |
108.64M |
54.50M |
54.53M |
54.39M |
54.48M |
54.47M |
54.27M |
54.75M |
Annual Cash Flow Statements for Veritex
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 |
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 |
Quarterly Cash Flow Statements for Veritex
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 |
|
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Net Change in Cash & Equivalents |
|
2.18 |
372 |
-144 |
49 |
-84 |
112 |
-89 |
449 |
-246 |
-5.41 |
-79 |
Net Cash From Operating Activities |
|
43 |
35 |
64 |
40 |
6.02 |
44 |
41 |
57 |
-6.63 |
44 |
27 |
Net Cash From Continuing Operating Activities |
|
43 |
35 |
64 |
40 |
6.02 |
44 |
41 |
57 |
-6.63 |
44 |
27 |
Net Income / (Loss) Continuing Operations |
|
40 |
38 |
34 |
33 |
3.50 |
24 |
27 |
31 |
25 |
29 |
31 |
Consolidated Net Income / (Loss) |
|
40 |
38 |
34 |
33 |
3.50 |
24 |
27 |
31 |
25 |
29 |
31 |
Provision For Loan Losses |
|
11 |
11 |
14 |
7.72 |
8.00 |
5.96 |
8.25 |
4.00 |
1.90 |
5.30 |
3.25 |
Depreciation Expense |
|
4.67 |
4.76 |
5.28 |
4.86 |
4.59 |
5.13 |
4.40 |
4.66 |
5.47 |
4.69 |
4.66 |
Amortization Expense |
|
-0.33 |
0.11 |
0.19 |
-0.54 |
-1.51 |
-0.07 |
-3.04 |
-1.70 |
-2.53 |
-0.66 |
-0.75 |
Non-Cash Adjustments to Reconcile Net Income |
|
-6.49 |
-20 |
10 |
-5.82 |
0.97 |
22 |
1.30 |
9.90 |
-35 |
20 |
3.32 |
Changes in Operating Assets and Liabilities, net |
|
-5.68 |
0.86 |
0.24 |
0.91 |
-9.52 |
-13 |
3.18 |
9.59 |
-1.15 |
-14 |
-14 |
Net Cash From Investing Activities |
|
-429 |
-67 |
-42 |
183 |
-122 |
-237 |
-88 |
90 |
54 |
135 |
-8.32 |
Net Cash From Continuing Investing Activities |
|
-429 |
-67 |
-42 |
183 |
-122 |
-237 |
-88 |
90 |
54 |
135 |
-8.32 |
Purchase of Investment Securities |
|
-477 |
-300 |
-198 |
-175 |
-875 |
-383 |
-269 |
-105 |
-921 |
-190 |
-316 |
Sale and/or Maturity of Investments |
|
49 |
233 |
156 |
359 |
753 |
147 |
183 |
206 |
975 |
325 |
313 |
Net Cash From Financing Activities |
|
387 |
404 |
-166 |
-173 |
32 |
305 |
-43 |
301 |
-293 |
-184 |
-98 |
Net Cash From Continuing Financing Activities |
|
387 |
404 |
-166 |
-173 |
32 |
305 |
-43 |
301 |
-293 |
-184 |
-98 |
Net Change in Deposits |
|
375 |
-88 |
199 |
963 |
143 |
317 |
72 |
312 |
-282 |
-86 |
-246 |
Repurchase of Common Equity |
|
- |
- |
- |
- |
- |
0.00 |
- |
-0.04 |
- |
-9.52 |
-7.05 |
Payment of Dividends |
|
-11 |
-11 |
-11 |
-11 |
-11 |
-11 |
-11 |
-11 |
-11 |
-11 |
-12 |
Other Financing Activities, Net |
|
-2.11 |
-1.39 |
0.18 |
-0.19 |
0.02 |
-1.26 |
-0.32 |
-0.26 |
0.63 |
-1.86 |
167 |
Annual Balance Sheets for Veritex
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 |
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 |
Quarterly Balance Sheets for Veritex
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 |
|
Q2 2022 |
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q1 2025 |
Q2 2025 |
Total Assets |
|
11,305 |
11,714 |
12,609 |
12,470 |
12,346 |
12,708 |
12,684 |
13,043 |
12,606 |
12,528 |
Cash and Due from Banks |
|
59 |
52 |
866 |
53 |
54 |
42 |
53 |
54 |
81 |
67 |
Interest Bearing Deposits at Other Banks |
|
352 |
382 |
751 |
611 |
660 |
699 |
598 |
1,047 |
769 |
704 |
Trading Account Securities |
|
1,371 |
1,323 |
987 |
1,165 |
1,081 |
1,367 |
1,371 |
1,446 |
1,484 |
1,439 |
Loans and Leases, Net of Allowance |
|
7,843 |
8,428 |
-99 |
9,155 |
9,128 |
9,138 |
9,096 |
8,911 |
8,717 |
8,672 |
Loans and Leases |
|
7,923 |
8,513 |
- |
9,257 |
9,237 |
9,250 |
9,209 |
9,029 |
8,829 |
8,784 |
Allowance for Loan and Lease Losses |
|
81 |
85 |
99 |
102 |
110 |
112 |
113 |
117 |
112 |
112 |
Loans Held for Sale |
|
14 |
18 |
43 |
30 |
41 |
65 |
57 |
48 |
69 |
69 |
Premises and Equipment, Net |
|
109 |
109 |
108 |
106 |
106 |
105 |
105 |
114 |
113 |
117 |
Mortgage Servicing Rights |
|
629 |
524 |
- |
436 |
391 |
450 |
568 |
631 |
572 |
669 |
Goodwill |
|
404 |
404 |
404 |
404 |
404 |
404 |
404 |
404 |
404 |
404 |
Intangible Assets |
|
59 |
56 |
51 |
48 |
44 |
39 |
36 |
33 |
28 |
25 |
Other Assets |
|
366 |
418 |
332 |
462 |
437 |
401 |
395 |
354 |
370 |
362 |
Total Liabilities & Shareholders' Equity |
|
11,305 |
11,714 |
12,609 |
12,470 |
12,346 |
12,708 |
12,684 |
13,043 |
12,606 |
12,528 |
Total Liabilities |
|
9,875 |
10,303 |
10,510 |
10,979 |
10,855 |
11,170 |
11,136 |
11,435 |
10,973 |
10,879 |
Non-Interest Bearing Deposits |
|
2,948 |
2,811 |
2,212 |
2,234 |
2,363 |
2,349 |
2,417 |
2,644 |
2,319 |
2,133 |
Interest Bearing Deposits |
|
5,570 |
5,937 |
6,389 |
7,000 |
7,833 |
8,305 |
8,308 |
8,392 |
8,346 |
8,285 |
Other Short-Term Payables |
|
126 |
173 |
- |
191 |
229 |
186 |
181 |
168 |
152 |
136 |
Long-Term Debt |
|
1,228 |
1,379 |
1,909 |
1,554 |
430 |
330 |
230 |
231 |
156 |
325 |
Total Equity & Noncontrolling Interests |
|
1,429 |
1,412 |
1,494 |
1,491 |
1,491 |
1,539 |
1,549 |
1,608 |
1,633 |
1,649 |
Total Preferred & Common Equity |
|
1,429 |
1,412 |
1,494 |
1,491 |
1,491 |
1,539 |
1,549 |
1,608 |
1,633 |
1,649 |
Total Common Equity |
|
1,429 |
1,412 |
1,494 |
1,491 |
1,491 |
1,539 |
1,549 |
1,608 |
1,633 |
1,649 |
Common Stock |
|
1,301 |
1,304 |
1,309 |
1,312 |
1,315 |
1,320 |
1,323 |
1,326 |
1,330 |
1,330 |
Retained Earnings |
|
318 |
350 |
407 |
430 |
452 |
457 |
474 |
494 |
526 |
545 |
Treasury Stock |
|
-168 |
-168 |
-168 |
-168 |
-168 |
-168 |
-171 |
-171 |
-181 |
-188 |
Accumulated Other Comprehensive Income / (Loss) |
|
-21 |
-74 |
-55 |
-83 |
-108 |
-71 |
-77 |
-40 |
-42 |
-39 |
Annual Metrics And Ratios for Veritex
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 |
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% |
Quarterly Metrics And Ratios for Veritex
This table displays calculated financial ratios and metrics derived from Veritex's official financial filings.
Metric |
|
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
29.64% |
32.66% |
20.73% |
-4.41% |
-35.44% |
-14.93% |
-6.73% |
3.79% |
36.60% |
10.32% |
2.83% |
EBITDA Growth |
|
2.27% |
20.27% |
13.22% |
-23.58% |
-77.59% |
-32.88% |
-24.82% |
-9.07% |
186.53% |
14.21% |
17.81% |
EBIT Growth |
|
-0.80% |
18.89% |
15.25% |
-24.59% |
-81.65% |
-36.48% |
-18.48% |
-6.77% |
248.35% |
19.76% |
11.29% |
NOPAT Growth |
|
-3.88% |
14.76% |
13.85% |
-24.70% |
-91.23% |
-37.11% |
-19.35% |
-4.97% |
611.12% |
20.34% |
13.62% |
Net Income Growth |
|
-3.88% |
14.76% |
13.85% |
-24.70% |
-91.23% |
-37.11% |
-19.35% |
-4.97% |
611.12% |
20.34% |
13.62% |
EPS Growth |
|
-9.88% |
7.69% |
14.81% |
-24.05% |
-91.78% |
-37.14% |
-19.35% |
-6.67% |
650.00% |
20.45% |
12.00% |
Operating Cash Flow Growth |
|
1,158.36% |
-49.37% |
105.58% |
-20.73% |
-86.11% |
28.17% |
-35.26% |
44.52% |
-210.15% |
-1.56% |
-33.65% |
Free Cash Flow Firm Growth |
|
168.74% |
-920.97% |
-10.94% |
314.13% |
-13.89% |
243.18% |
468.79% |
-87.49% |
-94.56% |
-95.00% |
-112.71% |
Invested Capital Growth |
|
-28.13% |
63.03% |
14.45% |
-31.23% |
-34.78% |
-53.38% |
-41.59% |
-4.28% |
-1.57% |
-4.24% |
10.98% |
Revenue Q/Q Growth |
|
5.58% |
-2.91% |
-2.05% |
-4.79% |
-28.70% |
27.95% |
7.39% |
5.95% |
-6.16% |
3.33% |
0.09% |
EBITDA Q/Q Growth |
|
-7.21% |
-3.25% |
-9.90% |
-5.51% |
-72.79% |
189.74% |
0.91% |
14.29% |
-14.25% |
15.48% |
4.09% |
EBIT Q/Q Growth |
|
-6.81% |
-4.56% |
-12.08% |
-3.57% |
-77.32% |
230.35% |
12.84% |
10.29% |
-15.27% |
13.57% |
4.86% |
NOPAT Q/Q Growth |
|
-7.91% |
-3.72% |
-12.19% |
-3.29% |
-89.27% |
590.37% |
12.61% |
13.97% |
-19.74% |
16.83% |
6.32% |
Net Income Q/Q Growth |
|
-7.91% |
-3.72% |
-12.19% |
-3.29% |
-89.27% |
590.37% |
12.61% |
13.97% |
-19.74% |
16.83% |
6.32% |
EPS Q/Q Growth |
|
-7.59% |
-4.11% |
-11.43% |
-3.23% |
-90.00% |
633.33% |
13.64% |
12.00% |
-19.64% |
17.78% |
5.66% |
Operating Cash Flow Q/Q Growth |
|
-13.58% |
-20.30% |
84.66% |
-37.67% |
-84.86% |
635.49% |
-6.73% |
39.13% |
-111.54% |
757.27% |
-37.13% |
Free Cash Flow Firm Q/Q Growth |
|
373.73% |
-230.67% |
76.79% |
357.88% |
10.08% |
117.26% |
-40.20% |
-91.26% |
-52.11% |
99.75% |
-251.99% |
Invested Capital Q/Q Growth |
|
2.17% |
40.46% |
-24.02% |
-36.93% |
-3.10% |
0.40% |
-4.80% |
3.35% |
-0.37% |
-2.32% |
10.33% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
46.60% |
46.44% |
42.72% |
42.39% |
16.18% |
36.64% |
34.43% |
37.14% |
33.94% |
37.93% |
39.45% |
EBIT Margin |
|
43.00% |
42.27% |
37.94% |
38.43% |
12.22% |
31.56% |
33.16% |
34.52% |
31.17% |
34.26% |
35.89% |
Profit (Net Income) Margin |
|
33.13% |
32.85% |
29.45% |
29.92% |
4.50% |
24.29% |
25.47% |
27.39% |
23.43% |
26.49% |
28.14% |
Tax Burden Percent |
|
77.04% |
77.72% |
77.62% |
77.85% |
36.82% |
76.95% |
76.79% |
79.35% |
75.16% |
77.32% |
78.40% |
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 |
|
22.96% |
22.28% |
22.38% |
22.15% |
63.18% |
23.05% |
23.21% |
20.65% |
24.84% |
22.68% |
21.60% |
Return on Invested Capital (ROIC) |
|
4.05% |
4.53% |
4.81% |
5.85% |
0.80% |
3.31% |
4.15% |
5.79% |
5.40% |
6.31% |
6.58% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
4.05% |
4.53% |
4.81% |
5.85% |
0.80% |
3.31% |
4.15% |
5.79% |
5.40% |
6.31% |
6.58% |
Return on Net Nonoperating Assets (RNNOA) |
|
5.95% |
5.43% |
4.59% |
3.65% |
0.46% |
3.11% |
2.44% |
1.23% |
0.97% |
0.97% |
1.14% |
Return on Equity (ROE) |
|
10.01% |
9.97% |
9.40% |
9.50% |
1.26% |
6.42% |
6.59% |
7.02% |
6.37% |
7.28% |
7.72% |
Cash Return on Invested Capital (CROIC) |
|
37.02% |
-43.25% |
-8.03% |
43.14% |
46.69% |
76.02% |
56.14% |
8.94% |
7.39% |
10.46% |
-4.24% |
Operating Return on Assets (OROA) |
|
1.64% |
1.64% |
1.49% |
1.47% |
0.42% |
1.00% |
1.04% |
1.08% |
1.05% |
1.18% |
1.25% |
Return on Assets (ROA) |
|
1.26% |
1.27% |
1.15% |
1.15% |
0.15% |
0.77% |
0.80% |
0.86% |
0.79% |
0.91% |
0.98% |
Return on Common Equity (ROCE) |
|
10.01% |
9.97% |
9.40% |
9.50% |
1.26% |
6.42% |
6.59% |
7.02% |
6.37% |
7.28% |
7.72% |
Return on Equity Simple (ROE_SIMPLE) |
|
0.00% |
10.13% |
10.42% |
9.70% |
0.00% |
6.11% |
5.65% |
5.34% |
0.00% |
6.87% |
7.03% |
Net Operating Profit after Tax (NOPAT) |
|
40 |
38 |
34 |
33 |
3.50 |
24 |
27 |
31 |
25 |
29 |
31 |
NOPAT Margin |
|
33.13% |
32.85% |
29.45% |
29.92% |
4.50% |
24.29% |
25.47% |
27.39% |
23.43% |
26.49% |
28.14% |
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 |
|
37.24% |
37.07% |
35.64% |
39.18% |
53.76% |
44.68% |
41.61% |
44.37% |
47.76% |
44.39% |
43.33% |
Operating Expenses to Revenue |
|
47.63% |
48.42% |
49.94% |
54.49% |
77.49% |
62.45% |
59.11% |
61.94% |
67.04% |
60.91% |
61.15% |
Earnings before Interest and Taxes (EBIT) |
|
52 |
49 |
43 |
42 |
9.50 |
31 |
35 |
39 |
33 |
38 |
39 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
56 |
54 |
49 |
46 |
13 |
36 |
37 |
42 |
36 |
42 |
43 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.96 |
0.62 |
0.62 |
0.62 |
0.79 |
0.70 |
0.74 |
0.88 |
0.92 |
0.83 |
0.86 |
Price to Tangible Book Value (P/TBV) |
|
1.41 |
0.90 |
0.89 |
0.89 |
1.12 |
0.98 |
1.03 |
1.21 |
1.26 |
1.13 |
1.16 |
Price to Revenue (P/Rev) |
|
3.34 |
2.08 |
1.99 |
2.02 |
2.89 |
2.69 |
2.90 |
3.58 |
3.45 |
3.12 |
3.23 |
Price to Earnings (P/E) |
|
9.54 |
6.15 |
5.96 |
6.43 |
11.18 |
11.45 |
13.03 |
16.56 |
13.70 |
12.13 |
12.23 |
Dividend Yield |
|
3.87% |
5.82% |
5.86% |
5.84% |
3.59% |
4.04% |
3.83% |
3.06% |
2.97% |
3.20% |
3.14% |
Earnings Yield |
|
10.48% |
16.27% |
16.78% |
15.55% |
8.94% |
8.73% |
7.68% |
6.04% |
7.30% |
8.25% |
8.18% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.83 |
0.30 |
0.60 |
0.34 |
0.49 |
0.36 |
0.40 |
0.30 |
0.46 |
0.37 |
0.49 |
Enterprise Value to Revenue (EV/Rev) |
|
5.66 |
2.74 |
3.90 |
1.40 |
2.18 |
1.66 |
1.83 |
1.39 |
1.98 |
1.53 |
2.21 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
11.53 |
5.71 |
8.26 |
3.15 |
5.62 |
4.62 |
5.44 |
4.31 |
5.58 |
4.26 |
5.96 |
Enterprise Value to EBIT (EV/EBIT) |
|
12.66 |
6.28 |
9.07 |
3.47 |
6.32 |
5.28 |
6.07 |
4.78 |
6.07 |
4.59 |
6.51 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
16.15 |
8.08 |
11.69 |
4.47 |
8.42 |
7.09 |
8.21 |
6.42 |
7.87 |
5.94 |
8.38 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
12.26 |
7.68 |
9.47 |
3.56 |
6.32 |
4.33 |
5.47 |
3.70 |
6.19 |
4.91 |
7.97 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
1.87 |
0.00 |
0.00 |
0.64 |
0.83 |
0.30 |
0.53 |
3.28 |
6.18 |
3.48 |
0.00 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.97 |
1.28 |
1.04 |
0.29 |
0.22 |
0.21 |
0.15 |
0.14 |
0.14 |
0.10 |
0.20 |
Long-Term Debt to Equity |
|
0.97 |
1.28 |
1.04 |
0.29 |
0.22 |
0.21 |
0.15 |
0.14 |
0.14 |
0.10 |
0.20 |
Financial Leverage |
|
1.47 |
1.20 |
0.95 |
0.62 |
0.58 |
0.94 |
0.59 |
0.21 |
0.18 |
0.15 |
0.17 |
Leverage Ratio |
|
7.93 |
7.84 |
8.14 |
8.29 |
8.23 |
8.35 |
8.27 |
8.19 |
8.03 |
7.98 |
7.88 |
Compound Leverage Factor |
|
7.93 |
7.84 |
8.14 |
8.29 |
8.23 |
8.35 |
8.27 |
8.19 |
8.03 |
7.98 |
7.88 |
Debt to Total Capital |
|
49.19% |
56.10% |
51.03% |
22.36% |
17.72% |
17.66% |
12.95% |
12.54% |
12.60% |
8.71% |
16.47% |
Short-Term Debt 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% |
Long-Term Debt to Total Capital |
|
49.19% |
56.10% |
51.03% |
22.36% |
17.72% |
17.66% |
12.95% |
12.54% |
12.60% |
8.71% |
16.47% |
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% |
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 |
|
50.81% |
43.90% |
48.97% |
77.64% |
82.28% |
82.34% |
87.05% |
87.46% |
87.40% |
91.29% |
83.53% |
Debt to EBITDA |
|
6.85 |
8.92 |
7.07 |
2.09 |
2.04 |
2.29 |
1.74 |
1.80 |
1.53 |
1.00 |
1.99 |
Net Debt to EBITDA |
|
4.72 |
1.36 |
4.05 |
-1.38 |
-1.85 |
-2.85 |
-3.19 |
-6.81 |
-4.13 |
-4.43 |
-2.73 |
Long-Term Debt to EBITDA |
|
6.85 |
8.92 |
7.07 |
2.09 |
2.04 |
2.29 |
1.74 |
1.80 |
1.53 |
1.00 |
1.99 |
Debt to NOPAT |
|
9.59 |
12.62 |
10.00 |
2.97 |
3.05 |
3.51 |
2.63 |
2.69 |
2.15 |
1.39 |
2.81 |
Net Debt to NOPAT |
|
6.61 |
1.93 |
5.73 |
-1.96 |
-2.76 |
-4.37 |
-4.82 |
-10.14 |
-5.82 |
-6.19 |
-3.85 |
Long-Term Debt to NOPAT |
|
9.59 |
12.62 |
10.00 |
2.97 |
3.05 |
3.51 |
2.63 |
2.69 |
2.15 |
1.39 |
2.81 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
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) |
|
1,157 |
-1,511 |
-351 |
905 |
996 |
2,164 |
1,294 |
113 |
54 |
108 |
-164 |
Operating Cash Flow to CapEx |
|
3,120.09% |
0.00% |
0.00% |
2,931.49% |
720.84% |
5,764.19% |
3,654.07% |
563.89% |
-1,416.67% |
8,348.08% |
0.00% |
Free Cash Flow to Firm to Interest Expense |
|
25.08 |
-22.81 |
-4.29 |
10.31 |
10.82 |
23.58 |
13.62 |
1.17 |
0.61 |
1.38 |
-2.09 |
Operating Cash Flow to Interest Expense |
|
0.94 |
0.52 |
0.78 |
0.45 |
0.07 |
0.48 |
0.43 |
0.59 |
-0.07 |
0.56 |
0.35 |
Operating Cash Flow Less CapEx to Interest Expense |
|
0.91 |
0.52 |
0.78 |
0.44 |
0.06 |
0.47 |
0.42 |
0.49 |
-0.08 |
0.55 |
0.35 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.04 |
0.04 |
0.04 |
0.04 |
0.03 |
0.03 |
0.03 |
0.03 |
0.03 |
0.03 |
0.03 |
Fixed Asset Turnover |
|
3.83 |
4.12 |
4.34 |
4.29 |
3.90 |
3.77 |
3.72 |
3.61 |
3.88 |
4.00 |
3.96 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
2,854 |
4,008 |
3,046 |
1,921 |
1,861 |
1,869 |
1,779 |
1,839 |
1,832 |
1,789 |
1,974 |
Invested Capital Turnover |
|
0.12 |
0.14 |
0.16 |
0.20 |
0.18 |
0.14 |
0.16 |
0.21 |
0.23 |
0.24 |
0.23 |
Increase / (Decrease) in Invested Capital |
|
-1,117 |
1,550 |
385 |
-872 |
-992 |
-2,140 |
-1,267 |
-82 |
-29 |
-79 |
195 |
Enterprise Value (EV) |
|
2,364 |
1,222 |
1,816 |
647 |
911 |
666 |
718 |
551 |
844 |
666 |
971 |
Market Capitalization |
|
1,396 |
930 |
926 |
930 |
1,211 |
1,077 |
1,140 |
1,422 |
1,469 |
1,360 |
1,416 |
Book Value per Share |
|
$26.85 |
$27.58 |
$27.49 |
$27.46 |
$28.19 |
$28.22 |
$28.40 |
$29.57 |
$29.39 |
$29.99 |
$30.39 |
Tangible Book Value per Share |
|
$18.37 |
$19.17 |
$19.14 |
$19.20 |
$19.98 |
$20.09 |
$20.33 |
$21.53 |
$21.44 |
$22.05 |
$22.48 |
Total Capital |
|
2,854 |
3,403 |
3,046 |
1,921 |
1,861 |
1,869 |
1,779 |
1,839 |
1,832 |
1,789 |
1,974 |
Total Debt |
|
1,404 |
1,909 |
1,554 |
430 |
330 |
330 |
230 |
231 |
231 |
156 |
325 |
Total Long-Term Debt |
|
1,404 |
1,909 |
1,554 |
430 |
330 |
330 |
230 |
231 |
231 |
156 |
325 |
Net Debt |
|
968 |
292 |
890 |
-284 |
-299 |
-411 |
-422 |
-870 |
-624 |
-694 |
-445 |
Capital Expenditures (CapEx) |
|
1.39 |
-0.02 |
-0.32 |
1.36 |
0.84 |
0.77 |
1.13 |
10 |
0.47 |
0.52 |
0.00 |
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) |
|
1,404 |
2,514 |
1,554 |
430 |
330 |
330 |
230 |
231 |
231 |
156 |
325 |
Total Depreciation and Amortization (D&A) |
|
4.34 |
4.88 |
5.47 |
4.32 |
3.08 |
5.05 |
1.36 |
2.97 |
2.94 |
4.03 |
3.91 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$0.74 |
$0.71 |
$0.62 |
$0.60 |
$0.07 |
$0.44 |
$0.50 |
$0.57 |
$0.46 |
$0.53 |
$0.57 |
Adjusted Weighted Average Basic Shares Outstanding |
|
54.16M |
108.50M |
108.61M |
108.64M |
54.50M |
54.53M |
54.39M |
54.48M |
54.47M |
54.27M |
54.75M |
Adjusted Diluted Earnings per Share |
|
$0.73 |
$0.70 |
$0.62 |
$0.60 |
$0.06 |
$0.44 |
$0.50 |
$0.56 |
$0.45 |
$0.53 |
$0.56 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
54.16M |
108.50M |
108.61M |
108.64M |
54.50M |
54.53M |
54.39M |
54.48M |
54.47M |
54.27M |
54.75M |
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 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
54.16M |
108.50M |
108.61M |
108.64M |
54.50M |
54.53M |
54.39M |
54.48M |
54.47M |
54.27M |
54.75M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
40 |
38 |
34 |
33 |
6.65 |
24 |
27 |
31 |
25 |
29 |
31 |
Normalized NOPAT Margin |
|
33.13% |
32.85% |
29.45% |
29.92% |
8.56% |
24.29% |
25.47% |
27.39% |
23.43% |
26.49% |
28.14% |
Pre Tax Income Margin |
|
43.00% |
42.27% |
37.94% |
38.43% |
12.22% |
31.56% |
33.16% |
34.52% |
31.17% |
34.26% |
35.89% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
1.12 |
0.75 |
0.53 |
0.48 |
0.10 |
0.34 |
0.37 |
0.40 |
0.37 |
0.48 |
0.50 |
NOPAT to Interest Expense |
|
0.87 |
0.58 |
0.41 |
0.37 |
0.04 |
0.26 |
0.29 |
0.32 |
0.28 |
0.37 |
0.39 |
EBIT Less CapEx to Interest Expense |
|
1.09 |
0.75 |
0.54 |
0.46 |
0.09 |
0.33 |
0.36 |
0.30 |
0.37 |
0.47 |
0.50 |
NOPAT Less CapEx to Interest Expense |
|
0.84 |
0.58 |
0.42 |
0.36 |
0.03 |
0.25 |
0.27 |
0.22 |
0.28 |
0.36 |
0.39 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
28.90% |
28.57% |
27.85% |
29.96% |
40.01% |
46.15% |
49.65% |
50.61% |
40.64% |
38.88% |
38.53% |
Augmented Payout Ratio |
|
28.90% |
28.57% |
27.85% |
29.96% |
40.01% |
46.15% |
53.64% |
54.73% |
43.94% |
50.52% |
52.87% |
Key Financial Trends
Veritex Holdings, Inc. (NASDAQ: VBTX) has demonstrated a mixed but generally stable financial performance over the last four years through Q1 2025. Here are the key observations drawn from reviewing the income statements, cash flow statements, and balance sheets:
- Net Interest Income remains strong and fairly stable in recent quarters, with Q1 2025 showing $95.4 million, close to prior quarter levels (~$96-$100 million in 2024).
- Consistent profitability with Q1 2025 net income of approximately $29.1 million, showing growth from Q4 2024 ($24.9 million), and an improving trend since late 2023.
- Deposits remain robust, with total liabilities including interest-bearing deposits around $10.97 billion as of Q1 2025, supporting strong liquidity.
- Total assets grew to $12.6 billion in Q1 2025, marking steady asset growth compared to roughly $11.3 billion in mid-2022.
- Return to positive net income after a challenging Q4 2023, in which the company reported a net loss driven by significant unrealized capital losses on investments (-$25 million).
- Provision for credit losses varies quarter to quarter but was $5.3 million in Q1 2025, slightly higher than Q4 2024 ($1.9 million), signaling ongoing credit risk management but potential pressure.
- Total non-interest expense remains relatively high, at $66.8 million in Q1 2025, though slightly below Q4 2024 ($71.2 million), highlighting ongoing operational cost management needs.
- The company continues to invest in mortgage servicing rights and intangible assets, although these increased asset categories may present some valuation sensitivity.
- Volatility in capital gains/losses on investments can materially impact non-interest income and overall net income, as seen in the Q4 2023 loss of around $25 million and prior quarters' fluctuations.
- Net cash from financing activities showed heavy outflows recently, including significant repayments of debt and repurchases of common equity, which could constrain financial flexibility if sustained.
Overall, Veritex has maintained growth in assets and deposits alongside stable net interest income, which are positives for its banking operations. Profitability is recovering after investment-related volatility impacted earnings in late 2023. Investors should watch for how the company manages credit loss provisions and operational expenses, as well as how it navigates capital markets volatility in its investment portfolio going forward. The sizable debt repayments and equity repurchases represent both commitments to capital efficiency but may impact liquidity and leverage levels.
Retail investors may consider Veritex as a regional bank with solid core banking metrics but with some exposure to capital market fluctuations and moderate expense pressures that require ongoing monitoring.
08/02/25 11:54 AMAI Generated. May Contain Errors.