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Veritex Holdings (VBTX)
:VBTX
Earnings Data
Report Date
Apr 29, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.52Last Year’s EPS
0.44Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 28, 2025
|% Change Since: -2.77%
|Next Earnings Date:Apr 29, 2025
Earnings Call Sentiment|Neutral
The earnings call demonstrated a mix of positive and negative aspects. While there was significant progress in credit improvement and strengthening the balance sheet, challenges remain with declining net interest margin and flat earnings growth. The outlook for 2025 appears cautiously optimistic with expectations for improved profitability and growth.Company Guidance
During the fourth quarter of 2024, Veritex Holdings reported a net operating profit of $29.8 million, translating to $0.54 per share. Pre-tax pre-provision earnings were $41 million, with a margin of 1.28%. The company experienced a decrease in their Net Interest Margin (NIM) but anticipates an increase moving forward. For the entire year, operating earnings were reported to be $119.4 million, or $2.17 per share, showing no growth over 2023. The company has restructured its balance sheet, reducing reliance on wholesale funding by 20% and decreasing criticized loans by 20% year-over-year. Criticized commercial real estate (CRE) loans have decreased by 35% since 2023, while their Common Equity Tier 1 (CET1) ratio has expanded by 80 basis points year-over-year to 11.09%. Veritex's total loans declined slightly by 0.7% year-over-year, with a focus on reducing CRE and ADC concentrations. Despite these challenges, Veritex aims for a return on average assets exceeding 1% in 2025, driven by positive loan growth in the low-to-mid single digits and continued improvement in credit risk profile and deposit remixing strategies.Strong Credit Improvement
Criticized loans have declined 20% over the last 12 months, and including recent payoffs, the decline increases to 28%. CRE criticized loans are down 35% from year-end 2023.
Balance Sheet Strength
The CET1 ratio expanded by 23 basis points during the quarter and by 80 basis points year-over-year, now standing at 11.09%. Reliance on wholesale funding is down 20% in the last year.
Positive Deposit Trends
The loan-to-deposit ratio reduced from 104% to 89% over the past two years, with a further reduction expected. Deposit growth has been strong, allowing for reduced reliance on expensive funding options.
Government Guaranteed Loan Business Success
The best quarter of the year was achieved in the government guaranteed loan business, with strong pipelines and production expected to continue in 2025.
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VBTX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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VBTX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 28, 2025 | $26.74 | $26.55 | -0.71% |
| Oct 22, 2024 | $26.95 | $27.48 | +1.97% |
| Jul 23, 2024 | $23.82 | $23.42 | -1.68% |
| Apr 23, 2024 | $20.09 | $20.11 | +0.10% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Veritex Holdings (VBTX) report earnings?
Veritex Holdings (VBTX) is schdueled to report earning on Apr 29, 2025, TBA Not Confirmed.
What is Veritex Holdings (VBTX) earnings time?
Veritex Holdings (VBTX) earnings time is at Apr 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VBTX EPS forecast?
VBTX EPS forecast for the fiscal quarter 2025 (Q1) is 0.52.
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