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Veritex Holdings (VBTX)
:VBTX
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Earnings Data
Report Date
Jan 28, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.55Last Year’s EPS
0.06Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 22, 2018
|% Change Since: -2.95%
|Next Earnings Date:Jul 23, 2018
Earnings Call Sentiment|Positive
The earnings call presented a positive outlook with strong deposit growth, improved credit quality, and capital strength. However, challenges remain, particularly in achieving loan growth and managing operational expenses.Company Guidance
During the Veritex Holdings Q3 2024 earnings call, key financial metrics were highlighted, reflecting the company's focused efforts on improving profitability and strengthening its balance sheet. Operating earnings for the quarter were reported at $32.2 million, or $0.59 per share, with pretax pre-provision earnings of $44.6 million, equating to 1.38%. The company's net interest margin (NIM) slightly increased, capital grew with a Common Equity Tier 1 (CET1) ratio of 10.86%, and the return on average assets (ROAA) was targeted to rise above 1%. Deposit growth was strong, increasing by $311 million or 11.6% annualized, while loan balances decreased by $126 million due to significant payoffs. The credit quality showed improvement with a reduction in other real estate owned (OREO) from $24 million to $9 million, and non-performing assets (NPAs) decreased from $83 million to $67 million, now representing 0.52% of assets. The allowance for credit losses stood at 1.21% of total loans, or 1.3% excluding the mortgage warehouse. Additionally, the tangible book value per share increased to $21.72, marking a 15.8% year-over-year rise, including dividends.Strong Deposit Growth
Deposits grew $311 million or 11.6% annualized, supporting the strategy to grow attractively priced deposit funding sources.
Credit Quality Improvement
NPAs reduced from $83 million to $67 million, now down to 0.52% of assets. Charge-offs were nominal at $269,000, and criticized totals were lower for the quarter.
Capital Strength
CET1 ratio expanded by 37 basis points during the quarter and by 75 basis points year-over-year, now at 10.86%. Tangible book value per share increased by 15.8% year-over-year.
Net Interest Margin Expansion
NIM increased slightly, with net interest income rising to just over $100 million in Q3. The NIM was at 3.30% despite higher cash levels impacting it.
Efficient Deposit Strategy
Attractively priced deposits raised $397 million at an average rate of 2.84%, reducing reliance on brokered CDs and public funds.
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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 |
|---|---|---|---|
| Oct 22, 2024 | $27.15 | $27.69 | +1.99% |
| Jul 23, 2024 | $24.00 | $23.59 | -1.71% |
| Apr 23, 2024 | $20.24 | $20.26 | +0.10% |
| Jan 23, 2024 | $21.70 | $21.13 | -2.63% |
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 Jan 28, 2025, TBA Not Confirmed.
What is Veritex Holdings (VBTX) earnings time?
Veritex Holdings (VBTX) earnings time is at Jan 28, 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 2024 (Q4) is 0.55.
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