Financial Data and Key Metrics Changes - The meeting confirmed that a quorum was present with 43,344,921 shares of common stock represented, indicating strong shareholder engagement [4] - The voting results showed that all 13 nominated directors were elected, reflecting shareholder confidence in the management team [8][9] Business Line Data and Key Metrics Changes - The meeting included discussions on the approval of the 2025 amended and restated omnibus incentive plan, which suggests a focus on aligning executive compensation with company performance [6] Market Data and Key Metrics Changes - No specific market data or key metrics changes were discussed during the meeting Company Strategy and Development Direction - The company is focused on maintaining strong governance through the election of directors and the approval of compensation plans, which indicates a commitment to strategic oversight and alignment with shareholder interests [5][6] Management Comments on Operating Environment and Future Outlook - Management did not provide specific comments on the operating environment or future outlook during this meeting Other Important Information - The appointment of Grant Thornton LLP as the independent registered public accounting firm for the year ended 12/31/2025 was ratified, indicating a commitment to transparency and accountability in financial reporting [7][10] Q&A Session Summary Question: Were there any discussions on the performance of specific business lines? - No questions were raised regarding the performance of specific business lines during the meeting [11] Question: What are the future plans for executive compensation? - The proposal for a nonbinding advisory vote on the compensation of named executive officers was approved, indicating shareholder support for the current compensation strategy [6][10]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . | Commission File Number: 001-36682 | | | --- | --- | | VERITEX HOLDINGS, INC. | | | (Exact name of registrant as specified in its charter) | | | Texas | 27-0973566 ...

Veritex Holdings, Inc. (NASDAQ:VBTX) Q1 2025 Earnings Conference Call April 23, 2025 9:30 AM ET Company Participants Will Holford - Director, Strategic Corporate Development Malcolm Holland - Chief Executive Officer Curtis Anderson - Chief Credit Officer Terry Earley - Chief Financial Officer Conference Call Participants Brett Rabatin - Hovde Group, LLC Stephen Scouten - Piper Sandler Companies Michael Rose - Raymond James Financial, Inc. Catherine Mealor - Keefe, Bruyette & Woods, Inc. Gary Tenner - D. A. ...

Veritex Holdings, Inc. First Quarter 2025 Results Investor Presentation April 23, 2025 NASDAQ: VBTX A BETTER STATE OF BANKING © 2025 Veritex Bank Member FDIC Forward-Looking Statements This presentation includes "forward-looking statements", within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on various facts and derived utilizing assumptions, current expectations, estimates and projections and are subject to known and unknown risks, uncertainties ...

Veritex (VBTX) Q1 2025 Earnings Call April 23, 2025 09:30 AM ET Company Participants Will Holford - Director of Strategic Corporate DevelopmentMalcolm Holland - Chairman, President & CEOCurtis Anderson - Chief Credit OfficerTerry Earley - CFOBrett Rabatin - Director of ResearchMichael Rose - MD - BankingCatherine Mealor - Managing DirectorMatt Olney - Managing Director Conference Call Participants Stephen Scouten - Managing Director & Senior Research AnalystGary P. Tenner - Managing Director and Senior Anal ...

For the quarter ended March 2025, Veritex Holdings (VBTX) reported revenue of $109.73 million, up 10.3% over the same period last year. EPS came in at $0.54, compared to $0.53 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $110.7 million, representing a surprise of -0.88%. The company delivered an EPS surprise of +5.88%, with the consensus EPS estimate being $0.51.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall S ...

Financial Performance - Net income for Q1 2025 was $29.07 million, an increase of 16.4% from $24.88 million in Q4 2024 and 20.0% from $24.16 million in Q1 2024[2] - Diluted EPS rose to $0.53 in Q1 2025, compared to $0.45 in Q4 2024 and $0.44 in Q1 2024[2] - Basic EPS for Q1 2025 was $0.53, an increase from $0.44 in Q1 2024, representing a 20.5% year-over-year growth[23] - Net income increased to $29,070 thousand for the quarter ended March 31, 2025, compared to $24,882 thousand in the prior quarter, reflecting a growth of 16.4%[27] - The operating pre-tax income for the same quarter was $29,587,000, compared to $30,824,000 in the prior quarter[54] - The diluted EPS for the quarter was $0.53, up from $0.45 in the previous quarter[54] Income and Expenses - Noninterest income for Q1 2025 was $14.3 million, an increase of 42.1% from Q4 2024[6] - Noninterest expense decreased to $66.8 million, down 6.1% from $71.2 million in Q4 2024[8] - Total noninterest income rose to $14,289 thousand in Q1 2025, compared to $10,056 thousand in Q4 2024, an increase of 42.1%[27] - Operating noninterest expense was $66,834,000, a decrease from $71,194,000 in the previous quarter[56] Asset Quality - The allowance for credit losses (ACL) as a percentage of LHI was 1.19% as of March 31, 2025, compared to 1.18% at December 31, 2024[14] - Criticized assets decreased by approximately $17.7 million during the quarter[3] - Net charge-offs to average loans outstanding decreased to 0.17% in Q1 2025 from 0.22% in Q1 2024, indicating better credit quality[23] - Nonperforming assets (NPAs) totaled $96,901 thousand, an increase from $79,172 thousand at December 31, 2024, indicating a rise of 22.9%[36] - The net charge-offs for the quarter were $(3,972) thousand, down from $(7,717) thousand in the previous quarter, indicating an improvement in asset quality[36] - The ratio of NPAs to total assets was 0.77% as of March 31, 2025, up from 0.62% at December 31, 2024, highlighting a deterioration in asset quality[36] Capital and Equity - Tier 1 capital to risk-weighted assets was 11.31% in Q1 2025, slightly down from 11.36% in Q4 2024, maintaining strong capital adequacy[23] - Total capital to risk-weighted assets ratio was 13.46% in Q1 2025, compared to 13.96% in Q4 2024, reflecting a stable capital position[23] - Stockholders' equity increased to $1,620,788 thousand as of March 31, 2025, compared to $1,604,335 thousand at the end of 2024[29] - As of March 31, 2025, total stockholders' equity was $1,633,480,000, an increase from $1,601,069,000 as of December 31, 2024[42] - Tangible common equity as of March 31, 2025, was $1,212,722,000, compared to $1,177,873,000 as of December 31, 2024, reflecting a growth of 2.9%[42] Efficiency and Ratios - The efficiency ratio improved to 60.91% in Q1 2025 compared to 62.45% in Q1 2024, indicating enhanced operational efficiency[23] - The average yield on loans decreased to 6.40% in Q1 2025 from 6.56% in Q4 2024, while the average yield on debt securities increased to 4.73% from 4.61%[31] - The net interest rate spread improved to 2.24% in Q1 2025, compared to 2.03% in Q4 2024, indicating better profitability on interest-earning assets[31] - The pre-tax, pre-provision operating return on average assets was 1.41%, an increase from 1.28% in the previous quarter[56] - The operating return on average tangible common equity was 10.70%, up from 10.69% in the previous quarter[56] Loans and Deposits - Total loans held for investment (LHI) decreased to $8.83 billion, down $70.5 million from December 31, 2024[11] - Total deposits were $10.67 billion, a decrease of $87.5 million, or 3.3%, linked quarter annualized[12] - Total loans increased to $9,478,283 thousand as of March 31, 2025, compared to $9,602,835 thousand at December 31, 2024, reflecting a decrease of 1.3%[34] - Total deposits decreased to $10,665,123 thousand as of March 31, 2025, down from $10,752,592 thousand at December 31, 2024, a decline of 0.81%[25] - The total loans to deposits ratio was 88.9% as of March 31, 2025, slightly down from 89.3% at December 31, 2024[34] Dividends - The company declared a quarterly cash dividend of $0.22 per share, payable on May 22, 2025[15] - Dividends paid per common share increased to $0.22 in Q1 2025 from $0.20 in Q4 2024, marking a 10.0% increase[23]

DALLAS, April 22, 2025 (GLOBE NEWSWIRE) -- Veritex Holdings, Inc. (“Veritex”, the “Company”, “we” or “our”) (Nasdaq: VBTX), the holding company for Veritex Community Bank, today announced the results for the quarter ended March 31, 2025. “We continue to strengthen our balance sheet in support of our clients during a time of change and uncertainty,” said C. Malcolm Holland, III, the Company’s Chairman and Chief Executive Officer. “Key operating financial and credit performance metrics continue to improve and ...

DALLAS, April 08, 2025 (GLOBE NEWSWIRE) -- Veritex Holdings, Inc. (NASDAQ:VBTX) ("Veritex" or "the Company"), the parent holding company for Veritex Community Bank, today announced that it plans to release its first quarter 2025 results after the close of the market on Tuesday, April 22, 2025. The earnings release will be available on the Company's website, https://ir.veritexbank.com/. The Company will also host an investor conference call to review the results on Wednesday, April 23, 2025 at 8:30 a.m. Cent ...

Core Viewpoint - Veritex Holdings, Inc. has extended its stock buyback program through March 31, 2026, allowing for the repurchase of up to $50 million of its outstanding common stock, with $13.1 million already repurchased to date [1][2]. Group 1: Stock Buyback Program - The Board of Directors authorized the extension of the Stock Buyback Program, which was originally approved in 2024 and set to expire on March 31, 2025 [1]. - To date, the Company has repurchased 555,016 shares, amounting to $13.1 million under the program [1]. - The program may be suspended, terminated, amended, or modified by the Board at any time without prior notice [1]. Group 2: Funding and Conditions - The Stock Buyback Program is expected to be funded using the Company's cash on hand and cash from operations of Veritex Community Bank [2]. - Repurchases may occur at amounts and prices deemed appropriate by the Company, but there is no obligation to purchase any shares [2]. - Repurchases will be subject to general market and economic conditions, as well as applicable legal and regulatory requirements [2]. Group 3: Company Overview - Veritex Holdings, Inc. is headquartered in Dallas, Texas, and operates through its wholly-owned subsidiary, Veritex Community Bank, which has locations throughout the Dallas-Fort Worth metroplex and in the Houston metropolitan area [3]. - Veritex Community Bank is regulated by the Texas Department of Banking and the Board of Governors of the Federal Reserve System [3].