Veritex Holdings Financials

VBTX

Source SEC Filings (10-K/10-Q) Updated Jun 30, 2025 Currency USD FYE December

Financial Health Signals

Piotroski F-Score Neutral

4/9

Veritex Holdings passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.27x

For every $1 of reported earnings, Veritex Holdings generates $1.27 in operating cash flow ($136.4M OCF vs $107.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

This page shows Veritex Holdings (VBTX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$757.2M

YoY+4.2%

5Y CAGR+14.9%

10Y CAGR+38.9%

Veritex Holdings generated $757.2M in revenue in fiscal year 2024. This represents an increase of 4.2% from the prior year.

EBITDA

N/A

Free Cash Flow

N/A

Net Income

$107.2M

YoY-0.9%

5Y CAGR+3.4%

10Y CAGR+35.3%

Veritex Holdings reported $107.2M in net income in fiscal year 2024. This represents a decrease of 0.9% from the prior year.

EPS (Diluted)

$1.95

YoY-1.5%

5Y CAGR+3.0%

10Y CAGR+10.5%

Veritex Holdings earned $1.95 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 1.5% from the prior year.

Cash & Debt

$855.2M

YoY+35.9%

5Y CAGR+27.7%

10Y CAGR+24.8%

Veritex Holdings held $855.2M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

N/A

Gross Margin

N/A

Operating Margin

N/A

Net Margin

14.2%

YoY-0.7pp

5Y CAGR-9.8pp

10Y CAGR-4.3pp

Veritex Holdings's net profit margin was 14.2% in fiscal year 2024, showing the share of revenue converted to profit. This is down 0.7 percentage points from the prior year.

Return on Equity

6.7%

YoY-0.4pp

5Y CAGR-0.9pp

10Y CAGR+2.1pp

Veritex Holdings's ROE was 6.7% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 0.4 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$3.5M

5Y CAGR-48.2%

Veritex Holdings spent $3.5M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

N/A

VBTX Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$757.2M+4.2%	$726.9M+61.7%	$449.4M+42.0%	$316.5M-1.7%	$321.9M-15.0%	$378.8M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$372.0M+13.5%	$327.8M+286.7%	$84.8M+137.4%	$35.7M-36.3%	$56.1M-40.2%	$93.7M
Income Tax	$31.7M-11.9%	$36.0M-10.7%	$40.3M+9.8%	$36.7M+158.6%	$14.2M-43.5%	$25.1M
Net Income	$107.2M-0.9%	$108.3M-26.0%	$146.3M+4.8%	$139.6M+88.9%	$73.9M-18.6%	$90.7M
EPS (Diluted)	$1.95-1.5%	$1.98-26.9%	$2.71-2.2%	$2.77+87.2%	$1.48-11.9%	$1.68

Metric	Q2'25	Q1'25	Q2'24	Q3'24	Q1'24	Q4'23	Q3'23	Q2'23
Revenue	$175.1M+0.8%	$173.7M-6.0%	$184.7M-6.1%	$196.7M+6.5%	$184.6M-1.6%	$187.6M+0.3%	$187.1M+2.5%	$182.5M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$78.8M+0.6%	$78.3M-11.6%	$88.6M-8.3%	$96.6M+5.3%	$91.8M-0.3%	$92.1M+4.9%	$87.8M+7.4%	$81.7M
Income Tax	$8.5M-0.1%	$8.5M+3.7%	$8.2M+1.9%	$8.1M+11.5%	$7.2M+20.5%	$6.0M-35.3%	$9.3M-4.6%	$9.7M
Net Income	$30.9M+6.3%	$29.1M+16.8%	$24.9M-19.7%	$31.0M+28.3%	$24.2M+590.4%	$3.5M-89.3%	$32.6M-3.3%	$33.7M
EPS (Diluted)	$0.56+5.7%	$0.53+17.8%	$0.45-19.6%	$0.56+27.3%	$0.44+633.3%	$0.06-90.0%	$0.60-3.2%	$0.62

VBTX Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$12.8B+3.0%	$12.4B+2.0%	$12.2B+24.6%	$9.8B+10.6%	$8.8B+10.9%	$8.0B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$855.2M+35.9%	$629.1M+44.3%	$436.1M+14.8%	$379.8M+64.5%	$230.8M-8.2%	$251.6M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$404.5M0.0%	$404.5M0.0%	$404.5M+0.2%	$403.8M+8.9%	$370.8M0.0%	$370.8M
Total Liabilities	$11.2B+2.8%	$10.9B+1.5%	$10.7B+26.8%	$8.4B+10.8%	$7.6B+12.6%	$6.8B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$1.6B+4.6%	$1.5B+5.6%	$1.4B+10.2%	$1.3B+9.3%	$1.2B+1.1%	$1.2B
Retained Earnings	$507.9M+14.3%	$444.2M+17.1%	$379.3M+37.8%	$275.3M+59.8%	$172.2M+16.4%	$147.9M

Metric	Q2'25	Q1'25	Q2'24	Q3'24	Q1'24	Q4'23	Q3'23	Q2'23
Total Assets	$12.5B-0.6%	$12.6B-1.3%	$12.8B-2.1%	$13.0B+2.6%	$12.7B+2.5%	$12.4B+0.4%	$12.3B-1.0%	$12.5B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$770.6M-9.3%	$849.8M-0.6%	$855.2M-22.3%	$1.1B+48.6%	$740.8M+17.8%	$629.1M-11.8%	$713.4M+7.5%	$663.9M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$404.5M0.0%	$404.5M0.0%	$404.5M0.0%	$404.5M0.0%	$404.5M0.0%	$404.5M0.0%	$404.5M0.0%	$404.5M
Total Liabilities	$10.9B-0.9%	$11.0B-1.7%	$11.2B-2.3%	$11.4B+2.4%	$11.2B+2.8%	$10.9B+0.1%	$10.9B-1.1%	$11.0B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$1.6B+1.0%	$1.6B+2.0%	$1.6B-0.4%	$1.6B+4.5%	$1.5B+0.5%	$1.5B+2.7%	$1.5B0.0%	$1.5B
Retained Earnings	$545.0M+3.6%	$526.0M+3.6%	$507.9M+2.8%	$493.9M+8.0%	$457.5M+3.0%	$444.2M-1.6%	$451.5M+5.1%	$429.8M

VBTX Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$136.4M-5.3%	$144.1M-25.2%	$192.7M-0.4%	$193.5M+79.7%	$107.7M+3.5%	$104.0M
Capital Expenditures	N/A	$1.9M-59.9%	$4.6M-66.0%	$13.6M+374.0%	$2.9M-62.6%	$7.7M
Free Cash Flow	N/A	$142.2M-24.4%	$188.1M+4.6%	$179.9M+71.7%	$104.8M+8.8%	$96.3M
Investing Cash Flow	-$180.7M-280.4%	-$47.5M+98.0%	-$2.4B-193.9%	-$816.4M+6.7%	-$874.6M-1787.3%	-$46.3M
Financing Cash Flow	$270.5M+180.6%	$96.4M-95.7%	$2.3B+193.2%	$771.9M+3.4%	$746.2M+581.6%	$109.5M
Dividends Paid	$43.6M+0.6%	$43.3M+2.4%	$42.3M+15.7%	$36.5M+7.3%	$34.1M+27.1%	$26.8M
Share Buybacks	$3.5M	$0	$0-100.0%	$15.5M-73.0%	$57.5M-39.2%	$94.5M

Metric	Q2'25	Q1'25	Q2'24	Q3'24	Q1'24	Q4'23	Q3'23	Q2'23
Operating Cash Flow	$27.4M-37.1%	$43.6M+757.3%	-$6.6M-111.5%	$57.4M+29.8%	$44.3M+635.5%	$6.0M-84.9%	$39.8M-37.7%	$63.8M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$8.3M-106.2%	$134.7M+151.2%	$53.6M-40.7%	$90.4M+138.1%	-$237.1M-93.7%	-$122.4M-166.8%	$183.2M+538.6%	-$41.8M
Financing Cash Flow	-$98.3M+46.5%	-$183.7M+37.2%	-$292.6M-197.2%	$301.1M-1.1%	$304.6M+850.7%	$32.0M+118.5%	-$173.4M-4.2%	-$166.5M
Dividends Paid	$11.9M+9.2%	$10.9M+0.3%	$10.9M+0.2%	$10.9M-0.2%	$10.9M+1.2%	$10.8M-0.8%	$10.9M+0.1%	$10.8M
Share Buybacks	$7.1M-25.9%	$9.5M	$0-100.0%	$40K	$0	$0	$0	N/A

VBTX Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	14.2%-0.7pp	14.9%-17.7pp	32.6%-11.5pp	44.1%+21.1pp	23.0%-1.0pp	24.0%
Return on Equity	6.7%-0.4pp	7.1%-3.0pp	10.1%-0.5pp	10.6%+4.5pp	6.1%-1.5pp	7.6%
Return on Assets	0.8%-0.0pp	0.9%-0.3pp	1.2%-0.2pp	1.4%+0.6pp	0.8%-0.3pp	1.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	6.97-0.1	7.09-0.3	7.38+1.0	6.42+0.1	6.33+0.6	5.68
FCF Margin	N/A	19.6%-22.3pp	41.9%-15.0pp	56.9%+24.3pp	32.6%+7.1pp	25.4%

Metric	Q2'25	Q1'25	Q2'24	Q3'24	Q1'24	Q4'23	Q3'23	Q2'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	17.6%+0.9pp	16.7%+3.3pp	13.5%-2.3pp	15.8%+2.7pp	13.1%+11.2pp	1.9%-15.6pp	17.4%-1.0pp	18.5%
Return on Equity	1.9%+0.1pp	1.8%+0.2pp	1.6%-0.4pp	1.9%+0.4pp	1.6%+1.3pp	0.2%-2.0pp	2.2%-0.1pp	2.3%
Return on Assets	0.3%+0.0pp	0.2%+0.0pp	0.2%-0.0pp	0.2%+0.0pp	0.2%+0.2pp	0.0%-0.2pp	0.3%-0.0pp	0.3%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	6.60-0.1	6.72-0.3	6.97-0.1	7.11-0.1	7.26+0.2	7.09-0.2	7.28-0.1	7.36
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Veritex Holdings's annual revenue?

Veritex Holdings (VBTX) reported $757.2M in total revenue for fiscal year 2024. This represents a 4.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Veritex Holdings's revenue growing?

Veritex Holdings (VBTX) revenue grew by 4.2% year-over-year, from $726.9M to $757.2M in fiscal year 2024.

Is Veritex Holdings profitable?

Yes, Veritex Holdings (VBTX) reported a net income of $107.2M in fiscal year 2024, with a net profit margin of 14.2%.

What is Veritex Holdings's earnings per share (EPS)?

Veritex Holdings (VBTX) reported diluted earnings per share of $1.95 for fiscal year 2024. This represents a -1.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Veritex Holdings's net profit margin?

Veritex Holdings (VBTX) had a net profit margin of 14.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Veritex Holdings's return on equity (ROE)?

Veritex Holdings (VBTX) has a return on equity of 6.7% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Veritex Holdings's operating cash flow?

Veritex Holdings (VBTX) generated $136.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Veritex Holdings's total assets?

Veritex Holdings (VBTX) had $12.8B in total assets as of fiscal year 2024, including both current and long-term assets.

Does Veritex Holdings buy back shares?

Yes, Veritex Holdings (VBTX) spent $3.5M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

What is Veritex Holdings's debt-to-equity ratio?

Veritex Holdings (VBTX) had a debt-to-equity ratio of 6.97 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Veritex Holdings's return on assets (ROA)?

Veritex Holdings (VBTX) had a return on assets of 0.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Veritex Holdings's Piotroski F-Score?

Veritex Holdings (VBTX) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Veritex Holdings's earnings high quality?

Veritex Holdings (VBTX) has an earnings quality ratio of 1.27x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.