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 $53.1 m in FY, 2016 which is a 37% increase from the previous period.
Numbers are in $, USD

Revenue (FY, 2016)

53.1 m

Revenue growth (FY, 2015 - FY, 2016), %

37%

Gross profit (FY, 2016)

47.5 m

Gross profit margin (FY, 2016), %

89%

Net income (FY, 2016)

12.6 m

EBIT (FY, 2016)

38.9 m

Market capitalization (26-May-2017)

396.4 m

Closing share price (26-May-2017)

26.4

Cash (31-Dec-2016)

234.8 m
Veritex Holdings's current market capitalization is $396.4 m.
Numbers are in $, 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
Numbers are in $, 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

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
Numbers are in $, 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
Numbers are in $, USDY, 2016

Revenue/Employee

344.8 k

Financial Leverage

5.9 x

Veritex Holdings Market Value History

Veritex Holdings Online and Social Media Presence

Veritex Holdings Company Life and Culture

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