Veritex Holdings Stock Price, News & Analysis

Veritex Holdings, Inc. (Nasdaq: VBTX) announced a quarterly cash dividend of $0.20 per share on its common stock. This dividend will be distributed on or after May 25, 2023, to shareholders of record as of May 11, 2023. The holding company operates Veritex Community Bank, which serves the Dallas-Fort Worth and Houston metro areas. Further details about the company and its operations can be found on their website.

Veritex Holdings (Nasdaq: VBTX) announced its financial results for Q1 2023, reporting a net income of $38.4 million, or $0.70 per diluted share, compared to $39.9 million in Q4 2022. The company achieved an operating earnings increase to $43.3 million and $0.79 per share, bolstered by strong loan growth of 8.9% annualized. Book value per share rose to $27.54. Deposit levels fell slightly by 3.9% annualized, totaling $9.03 billion. Despite a $795,000 decline in noninterest income and an increase in noninterest expenses by 21.6% year-over-year, the company reported improved credit quality with non-performing assets at 0.35%. A quarterly cash dividend of $0.20 per share was declared, payable on May 25, 2023.

Veritex Holdings (Nasdaq: VBTX) announced plans to release its first quarter 2023 results after market close on April 25, 2023. The earnings report will be accessible on the company's website. Additionally, Veritex will host an investor conference call on April 26, 2023, at 8:30 a.m. Central Time to discuss the results. Participants can access the call via webcast or teleconference by registering in advance. A replay of the call will be available approximately two hours after its conclusion, lasting for one week. Veritex, headquartered in Dallas, operates through its wholly-owned subsidiary, Veritex Community Bank, across the Dallas-Fort Worth and Houston areas.

Synctera, a Banking as a Service (BaaS) company, has announced a strategic partnership with National Bank of Canada and a $15 million investment led by NAventures. This investment will allow Synctera to expand its BaaS platform into Canada, catering to the increasing demand for innovative financial products. Since 2020, Synctera has facilitated the creation of FinTech applications and services in the U.S., and aims to provide similar capabilities in Canada. The partnership is expected to enhance Synctera's capabilities and foster collaborations with FinTechs, ultimately supporting the growing need for financial innovation.

Veritex Holdings, Inc. (Nasdaq: VBTX) announced a quarterly cash dividend of $0.20 per share on its outstanding common stock. The dividend, which underscores the company's commitment to returning value to shareholders, will be payable on or after February 24, 2023 to shareholders on record as of February 10, 2023.

This move reflects Veritex's ongoing financial strength and operational stability within the competitive banking sector. The company operates through its subsidiary, Veritex Community Bank, providing banking services in the Dallas-Fort Worth and Houston areas.