Veritex Holdings, Inc. (VBTX)

Veritex Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	651.18	648.25	399.68	280.53	286.58
Interest Income on Investments	106.04	78.63	49.73	35.96	35.27
Total Interest Income	757.22	726.87	449.41	316.48	321.85
Interest Paid on Deposits	356.26	274.38	58.09	15.94	36.91
Interest Paid on Borrowings	15.71	53.38	26.66	19.76	19.14
Total Interest Expense	371.97	327.76	84.75	35.7	56.05
Net Interest Income	385.25	399.11	364.66	280.78	265.8
Net Interest Income Growth (YoY)	-3.47%	9.45%	29.87%	5.64%	-6.77%
Gain (Loss) on Sale of Investments	-10.7	-5.22	-1.25	-0.51	3.1
Gain (Loss) on Sale of Equity Investments	-	-30.59	-5.14	5.76	-
Other Non-Interest Income	30.18	34.59	38.52	34.82	29.31
Total Non-Interest Income	40.4	19.11	52.82	58.41	47.34
Non-Interest Income Growth (YoY)	111.47%	-63.83%	-9.56%	23.36%	57.39%
Revenues Before Loan Losses	425.65	418.22	417.48	339.19	313.14
Provision for Loan Losses	20.11	40.47	27.77	-4.83	65.67
Revenue	405.54	377.75	389.71	344.02	247.47
Revenue Growth (YoY)	7.36%	-3.07%	13.28%	39.01%	-15.73%
Salaries and Employee Benefits	140.97	110.02	105.91	84.18	71.47
Occupancy Expenses	18.68	12.93	12.94	17.26	16.36
Amortization of Goodwill & Intangibles	9.75	9.84	9.98	10.06	10.79
Selling, General & Administrative	53.58	73.43	54.55	40.24	33.89
Other Non-Interest Expense	43.56	27.25	18.31	15.15	14.19
Total Non-Interest Expense	266.55	233.46	201.7	166.89	146.7
EBT Excluding Unusual Items	138.99	144.28	188.01	177.13	100.77
Other Unusual Items	-	-	-	-	-12.68
Pretax Income	138.99	144.28	186.63	176.31	88.09
Income Tax Expense	31.75	36.02	40.32	36.72	14.2
Net Income	107.24	108.26	146.32	139.58	73.88
Net Income to Common	107.24	108.26	146.32	139.58	73.88
Net Income Growth	-0.94%	-26.01%	4.82%	88.93%	-18.58%
Basic Shares Outstanding	54	54	53	49	50
Diluted Shares Outstanding	55	55	54	50	50
Shares Change (YoY)	0.66%	1.19%	7.15%	0.63%	-7.30%
EPS (Basic)	1.97	2.00	2.75	2.83	1.48
EPS (Diluted)	1.95	1.98	2.71	2.77	1.48
EPS Growth	-1.52%	-26.94%	-2.17%	87.16%	-11.90%
Dividend Per Share	0.800	0.800	0.800	0.770	0.680
Dividend Growth	0%	0%	3.90%	13.24%	36.00%
Effective Tax Rate	22.84%	24.97%	21.60%	20.83%	16.12%

Source: S&P Capital IQ. Banks template. Financial Sources.