Veritex Holdings, Inc. (VBTX)

Veritex Holdings Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	661.73	648.25	399.68	280.53	286.58	340.81
Interest Income on Investments	88.82	78.63	49.73	35.96	35.27	37.97
Total Interest Income	750.55	726.87	449.41	316.48	321.85	378.79
Interest Paid on Deposits	340.21	274.38	58.09	15.94	36.91	79.03
Interest Paid on Borrowings	26.41	53.38	26.66	19.76	19.14	14.66
Total Interest Expense	366.62	327.76	84.75	35.7	56.05	93.69
Net Interest Income	383.94	399.11	364.66	280.78	265.8	285.1
Net Interest Income Growth (YoY)	-6.67%	9.45%	29.87%	5.64%	-6.77%	147.86%
Gain (Loss) on Sale of Investments	-6.2	-5.22	-1.25	-0.51	3.1	-1.53
Gain (Loss) on Sale of Equity Investments	-29.55	-30.59	-5.14	5.76	-	-
Other Non-Interest Income	24.97	34.59	38.52	34.82	29.31	16.8
Total Non-Interest Income	9.12	19.11	52.82	58.41	47.34	30.08
Non-Interest Income Growth (YoY)	-83.28%	-63.83%	-9.56%	23.36%	57.39%	171.60%
Revenues Before Loan Losses	393.06	418.22	417.48	339.19	313.14	315.18
Provision for Loan Losses	29.93	40.47	27.77	-4.83	65.67	21.51
Revenue	363.13	377.75	389.71	344.02	247.47	293.66
Revenue Growth (YoY)	-14.03%	-3.07%	13.28%	39.01%	-15.73%	145.75%
Salaries and Employee Benefits	115.66	110.02	105.91	84.18	71.47	49.74
Amortization of Goodwill & Intangibles	9.75	9.84	9.98	10.06	10.79	10.89
Selling, General & Administrative	73.28	73.43	54.55	40.24	33.89	48.12
Other Non-Interest Expense	33.83	27.25	18.31	15.15	14.19	13.71
Total Non-Interest Expense	244.91	233.46	201.7	166.89	146.7	138.84
EBT Excluding Unusual Items	118.22	144.28	188.01	177.13	100.77	154.82
Other Unusual Items	-	-	-	-	-12.68	-
Pretax Income	118.22	144.28	186.63	176.31	88.09	115.86
Income Tax Expense	30.74	36.02	40.32	36.72	14.2	25.12
Earnings From Continuing Operations	87.48	108.26	146.32	139.58	73.88	90.74
Net Income to Common	87.48	108.26	146.32	139.58	73.88	90.74
Basic Shares Outstanding	54	54	53	49	50	53
Diluted Shares Outstanding	55	55	54	50	50	54
Shares Change (YoY)	0.14%	1.19%	7.15%	0.63%	-7.30%	119.51%
EPS (Basic)	1.61	2.00	2.75	2.83	1.48	1.71
EPS (Diluted)	1.60	1.98	2.71	2.77	1.48	1.68
EPS Growth	-43.53%	-26.94%	-2.17%	87.16%	-11.90%	5.00%
Effective Tax Rate	26.01%	24.97%	21.60%	20.83%	16.12%	21.68%
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%	-

Source: S&P Capital IQ. Banks template.