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.

Veritex Holdings Financials

VBTX

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

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).

Rhea AI VBTX FY2024 2026-04-22

Veritex is showing balance-sheet growth without better earning productivity, so the franchise is getting larger faster than it is getting more efficient.

By FY2024, cash climbed from $629.1M to $855.2M, creating a visibly larger liquidity cushion than the year before. But with operating cash flow at $136.4M and financing inflow at $270.5M, that extra liquidity appears to come at least as much from funding decisions as from internally generated cash, which changes how conservative the higher cash balance should be interpreted.

The core issue is asset productivity, not simple size, because in this kind of balance-sheet business returns depend on how well assets are deployed and funded, not on growth alone. Assets kept expanding, yet ROA slipped from 1.2% to 0.8%, so recent scale gains did not translate into comparable earning power.

Profitability also looks more cost-absorbed than scale-driven, which matters because a larger revenue base should normally improve efficiency if the operating model is strengthening. FY2024 net income stayed near $107.2M even as revenue increased, and SG&A reached $141.0M, suggesting incremental revenue is being consumed by operating expense instead of widening the earnings engine.

Financial Health Signals

Financial Health Score 48/100

Scored as: Banks peer group

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.

Earnings

Growth

Capital

Efficiency

Stability

Piotroski F-Score Partial

4/5

Veritex Holdings passes 4 of 5 computable financial strength tests (4 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 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.

Key Financial Metrics

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Earnings & Revenue

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

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 & Balance Sheet

Free Cash Flow

N/A

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

Margins & Returns

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.

Capital Allocation

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	$141.0M+15.5%	$122.1M+3.6%	$117.8M+24.4%	$94.7M+19.3%	$79.5M+9.2%	$72.8M
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	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$175.1M+0.8%	$173.7M-6.0%	$184.7M-6.1%	$196.7M+2.8%	$191.2M+3.6%	$184.6M-1.6%	$187.6M+0.3%	$187.1M
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	$35.0M-4.6%	$36.6M-2.2%	$37.4M+0.2%	$37.4M+14.0%	$32.8M-1.7%	$33.4M+9.0%	$30.6M-1.1%	$30.9M
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+1.7%	$95.0M+3.5%	$91.8M-0.3%	$92.1M+4.9%	$87.8M
Income Tax	$8.5M-0.1%	$8.5M+3.7%	$8.2M+1.9%	$8.1M-1.9%	$8.2M+13.6%	$7.2M+20.5%	$6.0M-35.3%	$9.3M
Net Income	$30.9M+6.3%	$29.1M+16.8%	$24.9M-19.7%	$31.0M+14.0%	$27.2M+12.6%	$24.2M+590.4%	$3.5M-89.3%	$32.6M
EPS (Diluted)	$0.56+5.7%	$0.53	N/A	$0.56+12.0%	$0.50+13.6%	$0.44	N/A	$0.60

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	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$12.5B-0.6%	$12.6B-1.3%	$12.8B-2.1%	$13.0B+2.8%	$12.7B-0.2%	$12.7B+2.5%	$12.4B+0.4%	$12.3B
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+68.9%	$651.8M-12.0%	$740.8M+17.8%	$629.1M-11.8%	$713.4M
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+2.7%	$11.1B-0.3%	$11.2B+2.8%	$10.9B+0.1%	$10.9B
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+3.8%	$1.5B+0.7%	$1.5B+0.5%	$1.5B+2.7%	$1.5B
Retained Earnings	$545.0M+3.6%	$526.0M+3.6%	$507.9M+2.8%	$493.9M+4.2%	$473.8M+3.6%	$457.5M+3.0%	$444.2M-1.6%	$451.5M

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	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$27.4M-37.1%	$43.6M+757.3%	-$6.6M-111.5%	$57.4M+39.1%	$41.3M-6.7%	$44.3M+635.5%	$6.0M-84.9%	$39.8M
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+203.2%	-$87.6M+63.0%	-$237.1M-93.7%	-$122.4M-166.8%	$183.2M
Financing Cash Flow	-$98.3M+46.5%	-$183.7M+37.2%	-$292.6M-197.2%	$301.1M+806.9%	-$42.6M-114.0%	$304.6M+850.7%	$32.0M+118.5%	-$173.4M
Dividends Paid	$11.9M+9.2%	$10.9M+0.3%	$10.9M+0.2%	$10.9M-0.2%	$10.9M0.0%	$10.9M+1.2%	$10.8M-0.8%	$10.9M
Share Buybacks	$7.1M-25.9%	$9.5M	$0-100.0%	$40K-98.9%	$3.5M	$0	$0	$0

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	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
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%+1.5pp	14.2%+1.1pp	13.1%+11.2pp	1.9%-15.6pp	17.4%
Return on Equity	1.9%+0.1pp	1.8%+0.2pp	1.6%-0.4pp	1.9%+0.2pp	1.8%+0.2pp	1.6%+1.3pp	0.2%-2.0pp	2.2%
Return on Assets	0.3%+0.0pp	0.2%+0.0pp	0.2%-0.0pp	0.2%+0.0pp	0.2%+0.0pp	0.2%+0.2pp	0.0%-0.2pp	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	7.19-0.1	7.26+0.2	7.09-0.2	7.28
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 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 5 computable signals; 4 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 48 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.