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Veritex (VBTX)
NASDAQ:VBTX
Earnings Data
Report Date
Jul 29, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.55Last Year’s EPS
0.5Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 22, 2025
|% Change Since: 5.11%
|Next Earnings Date:Jul 29, 2025
Earnings Call Sentiment|Neutral
Veritex Holdings showed a strong financial performance with significant net operating profits, increased loan production, and improved credit trends. However, challenges remain with decreased loan totals due to elevated payoffs and increased non-accrual loans. Deposit management and dividend growth provide positive outlooks, but elevated deposit costs are a concern.Company Guidance
In the Veritex Holdings First Quarter 2025 Earnings Conference Call, the management provided guidance indicating a focus on maintaining a strong balance sheet, with net operating profit reported at $29 million, or $0.54 per share, and pre-tax, pre-provision earnings at $43.4 million, reflecting a 1.41% return. The company's goal is to achieve a Return on Average Assets (ROAA) exceeding 1% by the year's end. Despite a 5% annualized decrease in loans for the quarter, the bank demonstrated a robust $750 million in gross loan production, although only $237 million, or 31%, was funded. Deposit growth was solid, with $440 million in wholesale funding moved out, reducing deposit costs. The allowance for credit losses increased to 119 basis points, with a focus on maintaining a conservative economic outlook. The net interest margin (NIM) increased to 3.31%, supported by deposit repricing efforts, while fee income rose to 13.4% of total revenue, with a target to exceed 15%. Operating expenses were managed effectively, with an operating efficiency ratio decline to 60.4%. The management remained committed to addressing challenges related to loan growth and elevated deposit costs, aiming for stable performance amid economic uncertainties.Strong Net Operating Profit
Veritex reported a net operating profit of $29 million, or $0.54 per share, indicating a strong performance for the quarter.
Pre-tax, Pre-provision Earnings
The company achieved pre-tax, pre-provision earnings of $43.4 million, or 1.41%, reflecting solid financial management.
Significant Increase in Loan Production
Loan production for Q1 stood at $750 million, with a year-over-year increase of 130%, totaling $2.8 billion over the last four quarters.
Stable Credit Trends
The company realized a net decrease in past due and criticized loans, with charge-offs below forecast and a decline in criticized assets by 26% from Q1 2024.
Improved Deposit Strategy
Veritex reduced reliance on wholesale funding to 13.7% and achieved a decrease in the loan-to-deposit ratio to 89%, indicating effective deposit management.
Increase in Tangible Book Value
Tangible book value per share increased to $22.33, up by 13.8% year-over-year, showcasing shareholder value growth.
Dividend Increase
The bank increased its quarterly dividend by 10% to $0.22 per share, reflecting confidence in future performance.
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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 |
|---|---|---|---|
| Apr 22, 2025 | $22.12 | $23.25 | +5.11% |
| 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% |
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 (VBTX) report earnings?
Veritex (VBTX) is schdueled to report earning on Jul 29, 2025, TBA Not Confirmed.
What is Veritex (VBTX) earnings time?
Veritex (VBTX) earnings time is at Jul 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 (Q2) is 0.55.
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