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Veritex (VBTX) Financials

Veritex logo
$33.45 +1.37 (+4.27%)
Closing price 04:00 PM Eastern
Extended Trading
$33.46 +0.00 (+0.01%)
As of 05:25 PM Eastern
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Annual Income Statements for Veritex

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

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
Period end date 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 3/31/2025 6/30/2025
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
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

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
Period end date 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 3/31/2025 6/30/2025
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
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

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
Period end date 6/30/2022 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025
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
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%

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
Period end date 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 3/31/2025 6/30/2025
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 consistent financial growth over the past several years, as observed in their quarterly financial statements from Q2 2022 through Q2 2025. Here's a summary of key financial trends and notable points that retail investors should consider:

  • Steady increase in net income: Consolidated net income grew from $29.6 million in Q2 2022 to $30.9 million in Q2 2025, showing solid profitability expansion over this 3-year period.
  • Rising net interest income: Net interest income has generally increased over time, reaching $96.3 million in Q2 2025 from $84.5 million in Q2 2022, indicating good core earnings growth from loans and deposits.
  • Net interest margin stability: While interest income and expense fluctuated, net interest income remained strong, supported by a growing loan portfolio and controlled funding costs.
  • Loan portfolio growth: Loans and leases net of allowance increased from approximately $7.8 billion in Q2 2022 to about $8.7 billion by Q2 2025, reflecting ongoing expansion in lending activities.
  • Controlled credit losses: Provision for loan losses showed a mixed pattern but generally trended lower by Q2 2025 ($3.25 million), suggesting improved asset quality and credit management.
  • Consistent dividend payments with moderate repurchases: The company has regularly paid dividends (~$10-$12 million quarterly) and conducted share repurchases, which can signal confidence in long-term cash flows.
  • Fluctuating investment activity: Large changes in purchases and sales of investment securities indicate active portfolio management, but also contribute to cash flow volatility.
  • Operating expenses mostly stable: Salaries, occupancy, marketing, and other operating expenses have remained roughly steady, supporting operating leverage with revenue growth.
  • Total deposits variation: Deposit balances showed some volatility quarter to quarter, which is typical for regional banks but important to monitor for funding stability.
  • Mortgage servicing rights and goodwill substantial but stable: These intangible assets remain sizeable, at roughly $669 million (mortgage servicing rights) and $404 million (goodwill) as of Q2 2025; they require monitoring for impairment risks.
  • Declining cash balances: Cash and due from banks decreased from $58.5 million in Q2 2022 to $66.7 million in Q2 2025, indicating usage of cash which requires attention to ensure liquidity.
  • Rising long-term debt recently: Long-term debt increased to $325 million in Q2 2025 from lower levels (~$122 million in Q2 2022), which might elevate interest expenses or leverage risk.
  • Negative net cash from financing activities: The company shows ongoing negative cash flow from financing, driven by deposit reductions and debt repayments, highlighting possible funding pressures.
  • Negative capital gains in certain periods: Some quarters, notably Q4 2023, showed significant negative net realized and unrealized capital losses impacting non-interest income.

Summary: Overall, Veritex has demonstrated steady growth in core earnings, a growing loan portfolio, and controlled costs, which bodes well for future performance. Investors should watch for funding and liquidity trends, the impact of capital markets volatility on investment income, and debt levels as potential risks.

This analysis is based on reported financial data through Q2 2025 and reflects company performance trends suitable for retail investors with moderate risk tolerance.

08/22/25 10:09 PMAI Generated. May Contain Errors.

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's 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 8/22/2025 by MarketBeat.com Staff
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