Veritex Holdings, Inc. Announces Extension of Stock Buyback Program

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].