Veritex Holdings Stock Price, News & Analysis

Veritex Holdings (Nasdaq: VBTX) announced a public offering of its common stock, granting underwriters a 30-day option for additional shares. Joint book-running managers include Keefe, Bruyette & Woods and Goldman Sachs & Co. LLC. Proceeds will support general corporate purposes and growth investments in Veritex Community Bank, as well as future acquisitions. The offering is governed by an effective shelf registration statement with the SEC, and a preliminary prospectus supplement has been filed. This release does not constitute an offer to sell or buy securities.

Veritex Holdings, Inc. (Nasdaq: VBTX) announced a quarterly cash dividend of $0.20 per share on its common stock. This dividend will be paid on or after February 25, 2022 to shareholders on record as of February 11, 2022. Veritex operates primarily through Veritex Community Bank, serving the Dallas-Fort Worth and Houston areas. Forward-looking statements regarding the company's plans and objectives are also included, emphasizing the potential fluctuations and risks involved.

Veritex Holdings (Nasdaq: VBTX) reported strong financial results for Q4 2021 and the full year, with net income of $41.5 million and diluted EPS of $0.82. The Company achieved a 16% growth in loan balances during 2021, while total deposits increased by 13.1% year-over-year. Notably, nonperforming assets improved to 0.51%, the lowest level since 2019. The 49% investment in Thrive Mortgage contributed $6 million to noninterest income, while the North Avenue Capital acquisition added $1.3 million. A quarterly cash dividend of $0.20 per share was declared, payable on February 25, 2022.

Veritex Holdings (Nasdaq: VBTX) announced it will release its fourth quarter and year-end 2021 results on January 25, 2022, after market close. A conference call to review these results will take place on January 26, 2022, at 8:30 a.m. Central Time. Participants can pre-register for the call via the company's website to receive a unique PIN for access. The call will be webcast live, with an audio replay available one hour after the conclusion. For more details, visit the Veritex website.

Veritex Holdings has successfully acquired North Avenue Capital for $57.5 million in cash, with a potential additional $5 million based on performance metrics. This acquisition positions Veritex as a leader in the USDA Business and Industry lending program. The strategic move aims to diversify revenue sources and enhance loan servicing capabilities by utilizing NAC's loan sourcing technology. Veritex's CEO, C. Malcolm Holland, expressed enthusiasm about expanding their USDA lending presence. NAC will continue to operate under its brand as a wholly owned subsidiary.

Veritex Holdings (Nasdaq: VBTX) reported strong Q3 2021 financial results ending September 30, 2021, with a net income of $36.8 million, or $0.73 diluted EPS, up from $29.5 million (Q2 2021) and $22.9 million (Q3 2020). Total loans grew by $344.5 million (21.9% annualized), while total deposits reached $7.2 billion. The company’s acquisition of North Avenue Capital is set to close on November 1, 2021. A quarterly cash dividend of $0.20 per share was declared

and will be paid on November 23, 2021.

Veritex Holdings, Inc. (Nasdaq: VBTX) has announced a quarterly cash dividend of $0.20 per share on its common stock. The dividend is set to be paid on or after November 23, 2021, to shareholders recorded as of the close of business on November 10, 2021. This marks a continued commitment to returning value to shareholders, showcasing Veritex's financial strength and operational stability. The company operates through Veritex Community Bank, mainly serving the Dallas-Fort Worth and Houston areas.

Veritex Holdings, Inc. (Nasdaq: VBTX) has announced plans to release its Q3 2021 earnings on October 26, 2021, after market close. An investor conference call will follow on October 27, 2021, at 8:30 a.m. CT to review the results. Participants can pre-register for the call or join via toll-free number. The earnings release and conference call will be available on the company's website, with a replay option provided until November 3, 2021.

Veritex Holdings (Nasdaq: VBTX) announced the reassignment of its Board of Director committees effective June 20, 2021. The revised committee structure includes changes in roles across the Audit, Compensation, Governance & Nominating, and Risk committees. C. Malcolm Holland, III continues as Chairman of the Board, while Blake Bozman, William E. Fallon, and Steven D. Lerner hold Chair positions in their respective committees. Veritex Holdings operates Veritex Community Bank, serving the Dallas-Fort Worth and Houston areas.