Veritex Holdings, Inc. (VBTX)

Veritex Holdings Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	661.63	648.25	399.68	280.53	286.58	340.81
Interest Income on Investments	98.48	78.63	49.73	35.96	35.27	37.97
Total Interest Income	760.1	726.87	449.41	316.48	321.85	378.79
Interest Paid on Deposits	357.53	274.38	58.09	15.94	36.91	79.03
Interest Paid on Borrowings	17.93	53.38	26.66	19.76	19.14	14.66
Total Interest Expense	375.46	327.76	84.75	35.7	56.05	93.69
Net Interest Income	384.64	399.11	364.66	280.78	265.8	285.1
Net Interest Income Growth (YoY)	-6.11%	9.45%	29.87%	5.64%	-6.77%	147.86%
Gain (Loss) on Sale of Investments	-5.66	-5.22	-1.25	-0.51	3.1	-1.53
Gain (Loss) on Sale of Equity Investments	-29.42	-30.59	-5.14	5.76	-	-
Other Non-Interest Income	27.44	34.59	38.52	34.82	29.31	16.8
Total Non-Interest Income	12.55	19.11	52.82	58.41	47.34	30.08
Non-Interest Income Growth (YoY)	-75.49%	-63.83%	-9.56%	23.36%	57.39%	171.60%
Revenues Before Loan Losses	397.19	418.22	417.48	339.19	313.14	315.18
Provision for Loan Losses	26.21	40.47	27.77	-4.83	65.67	21.51
Revenue	370.98	377.75	389.71	344.02	247.47	293.66
Revenue Growth (YoY)	-11.07%	-3.07%	13.28%	39.01%	-15.73%	145.75%
Salaries and Employee Benefits	121.84	110.02	105.91	84.18	71.47	49.74
Occupancy Expenses	12.3	12.93	12.94	17.26	16.36	16.39
Amortization of Goodwill & Intangibles	9.75	9.84	9.98	10.06	10.79	10.89
Selling, General & Administrative	72.26	73.43	54.55	40.24	33.89	48.12
Other Non-Interest Expense	39.44	27.25	18.31	15.15	14.19	13.71
Total Non-Interest Expense	255.6	233.46	201.7	166.89	146.7	138.84
EBT Excluding Unusual Items	115.39	144.28	188.01	177.13	100.77	154.82
Other Unusual Items	-	-	-	-	-12.68	-
Pretax Income	115.39	144.28	186.63	176.31	88.09	115.86
Income Tax Expense	29.53	36.02	40.32	36.72	14.2	25.12
Net Income	85.86	108.26	146.32	139.58	73.88	90.74
Net Income to Common	85.86	108.26	146.32	139.58	73.88	90.74
Net Income Growth	-40.65%	-26.01%	4.82%	88.93%	-18.58%	130.65%
Basic Shares Outstanding	54	54	53	49	50	53
Diluted Shares Outstanding	55	55	54	50	50	54
Shares Change (YoY)	0.35%	1.19%	7.15%	0.63%	-7.30%	119.51%
EPS (Basic)	1.58	2.00	2.75	2.83	1.48	1.71
EPS (Diluted)	1.56	1.98	2.71	2.77	1.48	1.68
EPS Growth	-41.04%	-26.94%	-2.17%	87.16%	-11.90%	5.00%
Dividend Per Share	0.800	0.800	0.800	0.770	0.680	0.500
Dividend Growth	0%	0%	3.90%	13.24%	36.00%	-
Effective Tax Rate	25.59%	24.97%	21.60%	20.83%	16.12%	21.68%

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