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Income Statement
Balance Sheet
Cash Flow Statement

Common Size IS
Op Efficiency
Credit Analysis

Veritex Holdings, Inc. (VBTX)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
INTEREST AND DIVIDEND INCOME          
Interest and fees on loans  399.7280.5286.6340.8134.573.844.733.7
Debt securities  38.732.130.729.56.63.51.41.0
Deposits in financial institutions and Fed Funds sold  6.30.61.25.53.12.30.50.2
Equity securities and other investments  4.73.23.32.90.90.00.00.0
    Total interest and dividend income  449.4316.5321.9378.8145.179.646.634.9
   
INTEREST EXPENSE          
Certificates and other time deposits  15.39.123.738.79.70.91.4 
Subordinated debentures and subordinated notes  15.57.310.610.01.70.5  
    Total interest expense  84.835.756.193.730.011.05.63.5
    NET INTEREST INCOME  364.7280.8265.8285.1115.068.541.031.5
    Net interest income after provision (benefit) for credit losses  336.9285.6200.1263.6108.463.438.930.6
   
NONINTEREST INCOME          
Service charges and fees on deposit accounts  30.624.318.322.14.83.22.2 
Loan fees  30.624.318.322.14.83.22.2 
Gain on sale of mortgage LHFS  0.61.61.2     
Government guaranteed loan income, net  14.115.814.24.72.3   
Equity method investment income (loss)  -5.15.8      
Customer swap income  7.92.52.5     
Other  4.98.68.64.61.20.91.00.4
    Total noninterest income  52.858.447.330.111.17.66.53.7
   
NONINTEREST EXPENSE          
Salaries and employee benefits  117.894.779.572.831.120.814.311.3
Occupancy and equipment  18.717.316.416.410.75.63.73.5
Professional and regulatory fees  14.112.911.711.67.34.22.82.0
Data processing and software expense  14.09.99.28.43.02.21.21.2
Marketing  7.25.33.73.31.8   
Amortization of intangibles  10.010.110.810.93.51.00.40.3
Telephone and communications  1.51.41.31.81.30.70.40.3
Merger and acquisition (“M&A”) expense     39.05.22.7  
Other  18.315.114.213.75.44.32.01.5
    Total noninterest expense  203.1167.7159.4177.869.342.826.421.4
    Income before income tax expense  186.6176.388.1115.9    
Income tax expense  40.336.714.225.110.913.06.54.1
    NET INCOME  146.3139.673.990.739.315.212.68.8
   
Basic earnings per share (“EPS”) (in dollars per share)  $2.75$2.83$1.48$1.71$1.63$0.82$1.16$0.86
Diluted EPS (in dollars per share)  $2.71$2.77$1.48$1.68$1.60$0.80$1.13$0.84

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