Veritex operates as the holding company for Veritex Community Bank that provides various commercial banking products and services to professionals and small and medium-sized businesses. The Bank provides a range of banking services to individual and corporate customers, that include commercial and retail lending, and the acceptance of checking and savings deposits. It offers a full suite of online banking solutions, including access to account balances, online transfers, online bill payment and electronic delivery of customer statements, as well as automated teller machines, and banking by telephone, mail and personal appointment. Veritex also offers debit cards, night depository, direct deposit, cashier's checks and letters of credit, as well as treasury management services.

Type
Public
HQ
Dallas, US
Founded
2010
Size (employees)
166 (est)
Veritex Holdings was founded in 2010 and is headquartered in Dallas, US
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Veritex Holdings Office Locations

Veritex Holdings has an office in Dallas
Dallas, US (HQ)
400 8214 Westchester Dr
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Veritex Holdings Financials and Metrics

Veritex Holdings Financials

Veritex Holdings's revenue was reported to be $53.10 m in FY, 2016 which is a 37.5% increase from the previous period.
USD

Net income (FY, 2017)

15.2 m

EBIT (FY, 2017)

63.4 m

Market capitalization (23-Apr-2018)

514.6 m

Cash (31-Dec-2017)

149 m
Veritex Holdings's current market capitalization is $514.6 m.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

28.3 m38.6 m53.1 m

Revenue growth, %

37%37%

Cost of goods sold

3.5 m5.6 m11 m

Gross profit

35.2 m47.5 m
Quarterly
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

8.1 m8.4 m10.6 m12.2 m12.9 m13.9 m14.6 m16.1 m24.3 m

Cost of goods sold

732 k789 k921 k1.1 m1.2 m1.5 m1.8 m1.9 m3.2 m

Gross profit

7.3 m7.7 m9.7 m11.1 m11.6 m12.4 m12.8 m14.1 m21.1 m

Gross profit Margin, %

91%91%91%91%90%89%88%88%87%
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

93.3 m71.6 m234.8 m149 m

Accounts Receivable

1.5 m2.2 m2.9 m

Inventories

1.1 m870 k1.7 m

Goodwill

19.1 m26.9 m26.9 m159.5 m
Quarterly
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

67.7 m85.5 m63.3 m123.5 m92.4 m127.2 m178.6 m285.7 m173.1 m151.4 m

Goodwill

19.1 m19.1 m19.1 m26 m26.9 m26.9 m26.9 m26.9 m26.9 m135.8 m

Total Assets

745.3 m808.9 m827.1 m1 b1.1 b1.2 b1.3 b1.5 b1.5 b2.5 b

Accounts Payable

644.5 m668.3 m673.1 m842.6 m946.1 m1 b1.1 b1.2 b1.2 b2 b
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

5.2 m8.8 m12.6 m15.2 m

Depreciation and Amortization

1.3 m1.4 m380 k2.8 m

Inventories

(2.8 m)690 k(7.5 m)

Accounts Payable

360 k4.1 m(86 k)
Quarterly
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

1.4 m1.8 m3.7 m6.2 m2.8 m3.2 m3.4 m3.1 m

Depreciation and Amortization

338 k325 k647 k1 m95 k95 k95 k95 k

Accounts Payable

1.3 m284 k2.1 m1.6 m2.1 m1.6 m

Cash From Operating Activities

8.4 m6.6 m14.5 m
USDY, 2017

Financial Leverage

6 x
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Veritex Holdings Operating Metrics

Veritex Holdings's Total Loans was reported to be $1.1b in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Non-performing Loans

$436 k$323 k$312 k$428 k$675 k$666 k$6.66 m$1.44 m€1.78 m$1.90 m$1.53 m

Total Loans

$603.31 m$613.84 m$624.97 m$756.54 m$820.57 m$856.86 m$914.12 m$954.05 m$991.90 m$1.01 b$1.07 b
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