Veritex Holdings, Inc. (VBTX)

Veritex Holdings Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	635.74	651.18	648.25	399.68	280.53	286.58
Interest Income on Investments	110.61	106.04	78.63	49.73	35.96	35.27
Total Interest Income	746.35	757.22	726.87	449.41	316.48	321.85
Interest Paid on Deposits	344.42	356.26	274.38	58.09	15.94	36.91
Interest Paid on Borrowings	14.05	15.71	53.38	26.66	19.76	19.14
Total Interest Expense	358.47	371.97	327.76	84.75	35.7	56.05
Net Interest Income	387.88	385.25	399.11	364.66	280.78	265.8
Net Interest Income Growth (YoY)	-0.17%	-3.48%	9.45%	29.87%	5.64%	-6.77%
Gain (Loss) on Sale of Investments	-4.51	-10.82	-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	30.9	30.3	34.66	39.07	34.82	29.31
Total Non-Interest Income	48.03	40.4	19.11	52.82	58.41	47.34
Non-Interest Income Growth (YoY)	292.52%	111.47%	-63.83%	-9.56%	23.36%	57.39%
Revenues Before Loan Losses	435.91	425.65	418.22	417.48	339.19	313.14
Provision for Loan Losses	19.45	20.11	40.47	27.77	-4.83	65.67
Revenue	416.46	405.54	377.75	389.71	344.02	247.47
Revenue Growth (YoY)	14.03%	7.36%	-3.07%	13.28%	39.01%	-15.73%
Salaries and Employee Benefits	131.79	128.53	110.02	105.91	84.18	71.47
Occupancy Expenses	12.04	12.07	12.93	18.74	17.26	16.36
Amortization of Goodwill & Intangibles	9.75	9.75	9.84	9.98	10.06	10.79
Selling, General & Administrative	72.62	72.64	73.43	48.75	40.24	33.89
Other Non-Interest Expense	45.07	43.56	27.25	18.31	15.15	14.19
Total Non-Interest Expense	271.27	266.55	233.46	201.7	166.89	146.7
EBT Excluding Unusual Items	145.19	138.99	144.28	188.01	177.13	100.77
Other Unusual Items	-	-	-	-	-	-12.68
Pretax Income	145.19	138.99	144.28	186.63	176.31	88.09
Income Tax Expense	33.04	31.75	36.02	40.32	36.72	14.2
Net Income	112.16	107.24	108.26	146.32	139.58	73.88
Net Income to Common	112.16	107.24	108.26	146.32	139.58	73.88
Net Income Growth	19.31%	-0.94%	-26.01%	4.82%	88.93%	-18.58%
Basic Shares Outstanding	54	54	54	53	49	50
Diluted Shares Outstanding	55	55	55	54	50	50
Shares Change (YoY)	0.68%	0.66%	1.19%	7.15%	0.63%	-7.30%
EPS (Basic)	2.06	1.97	2.00	2.75	2.83	1.48
EPS (Diluted)	2.04	1.95	1.98	2.71	2.77	1.48
EPS Growth	18.60%	-1.52%	-26.94%	-2.17%	87.16%	-11.91%
Dividend Per Share	0.820	0.800	0.800	0.800	0.770	0.680
Dividend Growth	2.50%	-	-	3.90%	13.23%	36.00%
Effective Tax Rate	22.75%	22.84%	24.97%	21.60%	20.83%	16.12%

Updated Apr 22, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q