{"id":751139,"date":"2023-04-25T18:23:43","date_gmt":"2023-04-25T22:23:43","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/veritex-holdings-inc-reports-first-quarter-operating-results-3\/"},"modified":"2023-04-25T18:23:43","modified_gmt":"2023-04-25T22:23:43","slug":"veritex-holdings-inc-reports-first-quarter-operating-results-3","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/veritex-holdings-inc-reports-first-quarter-operating-results-3\/","title":{"rendered":"Veritex Holdings, Inc. Reports First Quarter Operating Results"},"content":{"rendered":"
\n

DALLAS, April 25, 2023 (GLOBE NEWSWIRE) — Veritex Holdings,\u00a0Inc. (\u201cVeritex\u201d, the \u201cCompany\u201d, \u201cwe\u201d or \u201cour\u201d) (Nasdaq: VBTX), the holding company for Veritex Community Bank, today announced the results for the quarter ended March 31, 2023.<\/p>\n

\u201cI am incredibly pleased with our first quarter operating performance. We reported outstanding earnings metrics while all banks were navigating the impact of the recent banking environment,\u201d said C. Malcolm Holland, III. \u201cThese recent events have given our bankers an opportunity to connect with our customers and prospects to provide reassurance of our Company\u2019s ability to meet their needs. I am encouraged that the time and focus put in over the years resulted in very little deposit outflow since last quarter.\u201d<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Quarter to Date<\/strong>\n <\/td>\n<\/tr>\n
\n
\n Financial Highlights<\/em>
\n <\/strong>\n <\/td>\n		\u00a0<\/td>\n\n Q1 2023<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Q4 2022<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Q1 2022<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n (Dollars in thousands, except per share data)<\/strong>
\n
\n (unaudited)<\/strong>\n <\/td>\n<\/tr>\n
\n GAAP<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net income<\/td>\n\u00a0<\/td>\n$<\/td>\n38,411<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n39,897<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n33,470<\/td>\n\u00a0<\/td>\n<\/tr>\n
Diluted EPS<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.70<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.73<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.65<\/td>\n\u00a0<\/td>\n<\/tr>\n
Book value per common share<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n27.54<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n26.83<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n26.86<\/td>\n\u00a0<\/td>\n<\/tr>\n
Return on average assets2<\/sup><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.28<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.35<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.36<\/td>\n%<\/td>\n<\/tr>\n
Efficiency ratio<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n48.42<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n47.63<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n52.84<\/td>\n\u00a0<\/td>\n<\/tr>\n
Return on average equity2<\/sup><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10.55<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11.03<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10.00<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Non-GAAP<\/strong>
\n
\n 1<\/strong>
\n <\/sup>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Operating earnings<\/td>\n\u00a0<\/td>\n$<\/td>\n43,274<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n40,395<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n34,014<\/td>\n\u00a0<\/td>\n<\/tr>\n
Diluted operating EPS<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.79<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.74<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.66<\/td>\n\u00a0<\/td>\n<\/tr>\n
Tangible book value per common share<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n19.43<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18.64<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18.51<\/td>\n\u00a0<\/td>\n<\/tr>\n
Pre-tax, pre-provision operating earnings<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n66,461<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n63,694<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n42,265<\/td>\n\u00a0<\/td>\n<\/tr>\n
Pre-tax, pre-provision operating return on average assets2<\/sup><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.21<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.15<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.71<\/td>\n%<\/td>\n<\/tr>\n
Pre-tax, pre-provision operating return on average loans 2<\/sup><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.84<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.78<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.34<\/td>\n\u00a0<\/td>\n<\/tr>\n
Operating return on average assets2<\/sup><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.44<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.36<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.38<\/td>\n\u00a0<\/td>\n<\/tr>\n
Operating efficiency ratio<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n45.63<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n47.11<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n52.05<\/td>\n\u00a0<\/td>\n<\/tr>\n
Return on average tangible common equity2<\/sup><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15.81<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16.75<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15.84<\/td>\n\u00a0<\/td>\n<\/tr>\n
Operating return on average tangible common equity2<\/sup><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17.72<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16.95<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16.08<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n 1 <\/sup>Refer to the section titled \u201cReconciliation of Non-GAAP Financial Measures\u201d for a reconciliation of these non-generally accepted accounting principles (\u201cGAAP\u201d) financial measures to their most directly comparable GAAP measures.
2 <\/sup>Annualized ratio.<\/p>\n

\n Other First<\/strong>
\n Quarter Highlights<\/strong>\n <\/p>\n