Veritex Holdings (VBTX) Financials
Newest figures come from the 10-Q for Q2 FY2025, filed Aug 1, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the VBTX SEC filings page.
Veritex Holdings (VBTX) reported $730.2M in revenue over the twelve months to Jun 30, 2025, down 2.7% from the prior twelve months. This page shows its 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).
Liability-funded balance-sheet expansion has outpaced earnings, while higher funding costs compress returns at Veritex Holdings.
Revenue continued rising in FY2024, yet net income declined, showing that incremental business volume was not reaching shareholders as additional profit. Interest expense reached$372M while net margin narrowed to14.2% , pointing to funding-cost pressure as a central earnings constraint rather than a top-line shortfall.
Operating cash flow remained positive at
The balance sheet remains heavily liability-funded: debt-to-equity was 7.0x in FY2024 after 7.4x in FY2022, a modest improvement that still leaves limited equity relative to assets. ROA was
Financial Health Signals
Scored against banks for FY2024. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Veritex Holdings's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Veritex Holdings earned a return on assets of 0.8% in fiscal year 2024, which is the profit it made on every dollar of assets on its books. This is down from 0.9% the prior year. Earnings ranks banks on that return over three years, and Veritex Holdings scores 54/100 among other banks.
Veritex Holdings reported revenue of $757.2M in fiscal year 2024, against $726.9M in fiscal year 2023. Growth ranks banks on the three-year path of their net revenue, which is interest income and fee income less the interest they pay out, and Veritex Holdings scores 85/100 among other banks.
Veritex Holdings funded 12.5% of its assets with shareholders' equity at the end of fiscal year 2024, holding $1.6B of equity against $12.8B of assets. Capital ranks banks on that cushion, and Veritex Holdings scores 64/100 among other banks.
Efficiency measures what a bank spends running itself against the revenue that spending brings in, so a lower ratio is the better one. Veritex Holdings scores 90/100 on it among other banks.
Not available for Veritex Holdings, and counted as zero in the overall score.
Veritex Holdings reported net income of $107.2M in fiscal year 2024, against $108.3M in fiscal year 2023. Stability ranks banks on how steady net income has been across five years, and Veritex Holdings scores 76/100 among other banks.
Veritex Holdings passes 5 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, both operating efficiency signals pass.
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.
Key Financial Metrics
Earnings & Revenue
Veritex Holdings generated $175.1M in revenue in Q2 2025. This represents a decrease of 8.4% from the same quarter a year earlier. Against the prior quarter it is up 0.8%.
Veritex Holdings reported $30.9M in net income in Q2 2025. This represents an increase of 13.6% from the same quarter a year earlier. Against the prior quarter it is up 6.3%.
Veritex Holdings earned $0.56 per diluted share (EPS) in Q2 2025. This represents an increase of 12.0% from the same quarter a year earlier. Against the prior quarter it is up 5.7%.
Not reported for Q2 2025.
Cash & Balance Sheet
Veritex Holdings held $770.6M in cash as of Q2 2025; long-term debt is not reported for that period.
Not reported for Q2 2025.
Not reported for Q2 2025.
Margins & Returns
Veritex Holdings's net profit margin was 17.6% in Q2 2025, showing the share of revenue converted to profit. This is up 3.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.9 percentage points.
Veritex Holdings's ROE was 1.9% in Q2 2025, measuring profit generated per dollar of shareholder equity. This is up 0.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.1 percentage points.
Not reported for Q2 2025.
Not reported for Q2 2025.
Capital Allocation
Veritex Holdings spent $7.1M on share buybacks in Q2 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 101.7% from the same quarter a year earlier. Against the prior quarter it is down 25.9%.
Not reported for Q2 2025.
Not reported for Q2 2025.
VBTX Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2510-Q | Q1'2510-Q | Q4'2410-Q | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-K | Q3'2310-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $175.1M-8.4% | $173.7M-5.9% | $184.7M-1.5% | $196.7M+5.1% | $191.2M+4.8% | $184.6M+8.8% | $187.6M+23.3% | $187.1M+51.8% |
| SG&A Expenses | $35.0M+6.6% | $36.6M+9.8% | $37.4M+22.3% | $37.4M+20.7% | $32.8M+14.5% | $33.4M+4.7% | $30.6M-9.2% | $30.9M+4.2% |
| Interest Expense | $78.8M-17.1% | $78.3M-14.7% | $88.6M-3.8% | $96.6M+10.1% | $95.0M+16.3% | $91.8M+38.5% | $92.1M+99.6% | $87.8M+295.6% |
| Income Tax | $8.5M+3.6% | $8.5M+17.8% | $8.2M+36.9% | $8.1M-13.1% | $8.2M-15.5% | $7.2M-34.3% | $6.0M-49.5% | $9.3M-24.2% |
| Net Income | $30.9M+13.6% | $29.1M+20.3% | $24.9M+611.1% | $31.0M-5.0% | $27.2M-19.4% | $24.2M-37.1% | $3.5M-91.2% | $32.6M-24.7% |
| EPS (Basic) | $0.57+14.0% | $0.53+20.5% | $0.46+557.1% | $0.57-5.0% | $0.50-19.4% | $0.44-38.0% | $0.07-90.5% | $0.60-25.0% |
| EPS (Diluted) | $0.56+12.0% | $0.53+20.5% | $0.45+650.0% | $0.56-6.7% | $0.50-19.4% | $0.44-37.1% | $0.06-91.8% | $0.60-24.1% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA, Diluted Shares (Avg).
VBTX Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2510-Q | Q1'2510-Q | Q4'2410-Q | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-K | Q3'2310-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $12.5B-1.2% | $12.6B-0.8% | $12.8B+3.0% | $13.0B+5.6% | $12.7B+1.7% | $12.7B+0.8% | $12.4B+2.0% | $12.3B+5.4% |
| Cash & Equivalents | $770.6M+18.2% | $849.8M+14.7% | $855.2M+35.9% | $1.1B+54.3% | $651.8M-1.8% | $740.8M-8.4% | $629.1M+44.3% | $713.4M+64.4% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $404.5M0.0% | $404.5M0.0% | $404.5M0.0% | $404.5M0.0% | $404.5M0.0% | $404.5M0.0% | $404.5M0.0% | $404.5M0.0% |
| Total Liabilities | $10.9B-2.3% | $11.0B-1.8% | $11.2B+2.8% | $11.4B+5.3% | $11.1B+1.4% | $11.2B+0.5% | $10.9B+1.5% | $10.9B+5.4% |
| Total Equity | $1.6B+6.5% | $1.6B+6.2% | $1.6B+4.6% | $1.6B+7.8% | $1.5B+3.8% | $1.5B+3.0% | $1.5B+5.6% | $1.5B+5.6% |
| Retained Earnings | $545.0M+15.0% | $526.0M+15.0% | $507.9M+14.3% | $493.9M+9.4% | $473.8M+10.2% | $457.5M+12.4% | $444.2M+17.1% | $451.5M+28.9% |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Non-Current Liabilities, Long-Term Debt.
VBTX Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2510-Q | Q1'2510-Q | Q4'2410-Q | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-K | Q3'2310-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $27.4M-33.7% | $43.6M-1.6% | -$6.6M-210.2% | $57.4M+44.5% | $41.3M-35.3% | $44.3M+28.2% | $6.0M-86.1% | $39.8M-20.7% |
| Depreciation & Amortization | $4.7M+5.9% | $4.7M-8.5% | $5.5M+19.3% | $4.7M-4.1% | $4.4M-16.7% | $5.1M+7.6% | $4.6M-1.7% | $4.9M+5.2% |
| Stock-Based Compensation | N/A | $2.7M-5.3% | N/A | N/A | N/A | $2.9M+0.1% | N/A | N/A |
| Investing Cash Flow | -$8.3M+90.5% | $134.7M+156.8% | $53.6M+143.8% | $90.4M-50.6% | -$87.6M-109.8% | -$237.1M-256.5% | -$122.4M+71.4% | $183.2M+146.1% |
| Financing Cash Flow | -$98.3M-130.8% | -$183.7M-160.3% | -$292.6M-1013.3% | $301.1M+273.6% | -$42.6M+74.4% | $304.6M-24.7% | $32.0M-91.7% | -$173.4M-146.8% |
| Dividends Paid | $11.9M+9.5% | $10.9M+0.3% | $10.9M+1.2% | $10.9M+0.2% | $10.9M+0.5% | $10.9M+0.6% | $10.8M-0.2% | $10.9M+0.6% |
| Share Buybacks | $7.1M+101.7% | $9.5M | $0 | $40K | $3.5M | $0 | $0 | $0 |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.
VBTX Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2510-Q | Q1'2510-Q | Q4'2410-Q | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-K | Q3'2310-Q |
|---|---|---|---|---|---|---|---|---|
| Net Margin | 17.6%+3.4pp | 16.7%+3.6pp | 13.5%+11.6pp | 15.8%-1.7pp | 14.2%-4.3pp | 13.1%-9.6pp | 1.9%-24.3pp | 17.4%-17.7pp |
| Return on Equity | 1.9%+0.1pp | 1.8%+0.2pp | 1.6%+1.3pp | 1.9%-0.3pp | 1.8%-0.5pp | 1.6%-1.0pp | 0.2%-2.5pp | 2.2%-0.9pp |
| Return on Assets | 0.3%0.0pp | 0.2%0.0pp | 0.2%+0.2pp | 0.2%0.0pp | 0.2%-0.1pp | 0.2%-0.1pp | 0.0%-0.3pp | 0.3%-0.1pp |
| Debt-to-Equity | 6.60-0.6x | 6.72-0.5x | 6.97-0.1x | 7.11-0.2x | 7.19-0.2x | 7.26-0.2x | 7.09-0.3x | 7.280.0x |
| Asset Turnover | 0.010.0x | 0.010.0x | 0.010.0x | 0.020.0x | 0.020.0x | 0.010.0x | 0.020.0x | 0.020.0x |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Veritex Holdings VBTX | FY2024 | $757.2M | $107.2M | 14.2% | $1.7B | 62/100 |
| First Commonwealth Financial FCF | FY2025 | $632.7M | $152.3M | 24.1% | $2.1B | 64/100 |
| OFG Bancorp OFG | FY2025 | $780.9M | $205.1M | 26.3% | $2.2B | 56/100 |
| Northwest Bancshares Inc Md NWBI | FY2025 | $749.7M | $126.0M | 16.8% | $2.3B | 50/100 |
| City Hldg Co CHCO | FY2025 | $314.2M | $130.5M | 41.5% | $2.0B | 53/100 |
| Stellar Bancorp Inc STEL | FY2025 | $6.3M | $102.9M | N/A | $2.0B | 25/100 |
Where Veritex Holdings Ranks
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 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.
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 5 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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.
How financially healthy is Veritex Holdings?
Veritex Holdings (VBTX) scores 62 out of 100 on our Financial Health Score, indicating moderate standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.