Veritex Holdings

Veritex Holdings, Inc. is a bank holding company. The Company, through its subsidiary, Veritex Community Bank (the Bank), a Texas state chartered bank, provides relationship-driven commercial banking products and services tailored to meet the needs of small to medium-sized businesses and professionals. The Company operates through community banking segment. The Bank provides a range of banking services to individual and corporate customers, which 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 (ATMs), and banking by telephone, mail and personal appointment. The Bank 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
Size (employees)
163 (est)+6%
Veritex Holdings is headquartered in Dallas, US

Veritex Holdings Office Locations

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

Veritex Holdings Data and Metrics

Veritex Holdings Financial Metrics

Veritex Holdings's revenue was reported to be $14.6 m in Q1, 2017
USD

Revenue (Q1, 2017)

14.6 m

Gross profit (Q1, 2017)

12.8 m

Gross profit margin (Q1, 2017), %

88%

Net income (Q1, 2017)

3.1 m

EBIT (Q1, 2017)

10.4 m

Market capitalization (25-Jul-2017)

405.7 m

Cash (31-Mar-2017)

285.7 m
Veritex Holdings's current market capitalization is $405.7 m.
USDFY, 2014FY, 2015FY, 2016

Revenue

28.3 m38.6 m53.1 m

Revenue growth, %

37%37%

Cost of goods sold

3.5 m5.6 m

Gross profit

35.2 m47.5 m

Gross profit Margin, %

91%89%

Sales and marketing expense

799 k983 k

R&D expense

1.2 m

General and administrative expense

3.5 m3.7 m

Operating expense total

21.4 m26.4 m

EBIT

30.6 m38.9 m

EBIT margin, %

79%73%

Income tax expense

75 k4.1 m6.5 m

Net Income

5.2 m8.8 m12.6 m
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

8.1 m8.4 m10.6 m12.2 m12.9 m13.9 m14.6 m

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

91%91%91%91%90%89%88%

Sales and marketing expense

2.8 m2.6 m227 k200 k211 k293 k244 k

R&D expense

213 k222 k368 k

General and administrative expense

894 k901 k894 k923 k1 m

Operating expense total

3 m2.8 m1.5 m1.1 m1.1 m1.2 m1.3 m

EBIT

6.3 m6.8 m8.6 m8.8 m9.7 m10.3 m10.4 m

EBIT margin, %

78%81%81%73%75%74%71%

Income tax expense

723 k3 k926 k1.3 m1.4 m1.6 m1.8 m1.4 m

Net Income

1.4 m1.8 m3.7 m6.2 m2.8 m3.2 m3.4 m3.1 m
USDFY, 2014FY, 2015FY, 2016

Cash

93.3 m71.6 m234.8 m

Accounts Receivable

1.5 m2.2 m2.9 m

Inventories

1.1 m870 k1.7 m

Goodwill

19.1 m26.9 m26.9 m

Total Assets

802.3 m1 b1.4 b

Accounts Payable

1.6 m1.8 m2.9 m

Total Liabilities

1.2 b

Additional Paid-in Capital

97.5 m115.7 m211.2 m

Retained Earnings

8 m16.7 m29.3 m

Total Equity

113.3 m132 m239.1 m

Financial Leverage

7.1 x7.9 x5.9 x
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

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

Goodwill

19.1 m19.1 m19.1 m26 m26.9 m26.9 m26.9 m26.9 m

Total Assets

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

Accounts Payable

644.5 m668.3 m673.1 m842.6 m946.1 m1 b1.1 b1.2 b

Additional Paid-in Capital

61.5 m97.5 m97.8 m115.6 m115.9 m116.1 m116.3 m211.5 m

Retained Earnings

6.4 m9.9 m11.7 m14.2 m19.6 m22.7 m26.1 m32.4 m

Total Equity

75.6 m115.1 m117.1 m137.5 m135.2 m138.9 m142.4 m242.7 m

Financial Leverage

9.9 x7 x7.1 x7.3 x8.4 x8.8 x8.9 x6.3 x
USDFY, 2014FY, 2015FY, 2016

Net Income

5.2 m8.8 m12.6 m

Depreciation and Amortization

1.3 m1.4 m380 k

Accounts Receivable

(220 k)(122 k)(32.7 m)

Inventories

(2.8 m)690 k(7.5 m)

Accounts Payable

360 k4.1 m(86 k)

Cash From Operating Activities

2.2 m16 m10.7 m

Purchases of PP&E

(311 m)(344.8 m)(357.2 m)

Cash From Investing Activities

(116.7 m)(146 m)(203.3 m)

Dividends Paid

(80 k)(98 k)

Cash From Financing Activities

131.1 m108.2 m355.9 m

Interest Paid

2.9 m

Income Taxes Paid

2.8 m
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 Receivable

1.4 m2.3 m2.3 m2.4 m2.8 m

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

Purchases of PP&E

(14.9 m)(23.9 m)(26.7 m)

Cash From Investing Activities

(20.6 m)(58 m)(64.6 m)

Dividends Paid

(20 k)(40 k)(60 k)

Cash From Financing Activities

4.5 m21.3 m80.4 m

Interest Paid

775 k1.6 m2.5 m

Income Taxes Paid

100 k2.1 m2.9 m
USDY, 2017

Revenue/Employee

89.6 k

Financial Leverage

6.3 x

Veritex Holdings Market Value History

Veritex Holdings Online and Social Media Presence

Veritex Holdings Company Life and Culture

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