NASDAQ$VBTX

Veritex Holdings Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Reported fourth quarter and year-end operating results.

Veritex Holdings, Inc. reported net income of $29.1 million, or $0.56 diluted earnings per share, for the quarter ended December 31, 2019. Operating net income totaled $30.3 million, or $0.58 diluted operating EPS.

  • Diluted EPS was $0.56 and diluted operating EPS was $0.58 for the fourth quarter of 2019, resulting in a 23.4% increase in diluted operating EPS compared to the fourth quarter of 2018.
  • Return on average assets was 1.43%, operating return on average assets was 1.49% and pre-tax, pre-provision operating return on average assets was 2.07% for the fourth quarter of 2019.
  • Return on average tangible common equity was 16.22% and operating return on average tangible common equity was 16.87% for the fourth quarter of 2019.
  • Total loans, excluding mortgage warehouse, increased $86.9 million, or 6.1% annualized, and total deposits, excluding time deposits, increased $210.1 million, or 21.0% annualized, during the fourth quarter of 2019.

Headline financials

Total Revenue

$77M

Previous: $32.3M+138.3%
EPS (adj)

$0.58

Previous: $0.47+23.4%
Efficiency Ratio

47.1%

Previous: 54.3%-13.2%
Operating Efficiency Ratio

45.7%

Previous: 50.6%-9.8%
ROAA

1.4%

No prior period
Operating ROAA

1.5%

No prior period
PTPP ROAA

2.1%

No prior period
ROATCE

16.2%

No prior period
Operating ROATCE

16.9%

No prior period
Capital Expenditures

$1.26M

Previous: $1.82M-30.6%
Free Cash Flow

$27.2M

Previous: $9.73M+179.6%
Net Income

$29.1M

Previous: $9.83M+195.7%
Operating Income

$30.3M

No prior period
Cash & Equivalents

$252M

Previous: $84.4M+197.9%
Total Assets

$7.95B

Previous: $3.21B+147.9%
Stock-Based Comp

$1.73M

Previous: $973K+78.0%

Revenue & EPS history

Veritex · Revenue · Quarterly

$77M

Q4 2019+138.3%vs Q4 2018
Beat estimate in 5 of 16 quarters(31%)
ActualEstimate

Revenue by segment

Veritex · $6.62B total across 8 segments · Q3 2021

  • Non-Owner Occ. CRE
    $2.18B
  • Commercial LHI
    $1.81B
  • Construction & Land
    $936M
  • Owner Occupied CRE
    $711M
  • 1-4 Family Residential
    $544M
  • Multi-Family Residential
    $357M
  • Farmland loans
    $73.6M
  • Consumer loans
    $14.3M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 12 quarterly earnings reports

Historical avg

+0.3%

Avg return

Earnings day

+1.3%

Avg return

5 days after

+0.6%

Avg return

30 days after

53%

26 / 49 earnings

Positive

+15.3%

Q1 2020

Best reaction

-10.1%

Q3 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2025
Q2 2025-1.7%-1.0%-2.7%
Q1 2025+5.1%+5.6%+8.6%
Q4 2025-0.7%-2.7%-2.5%
Q3 2024+3.3%+1.7%+8.8%
Q2 2024-0.5%+5.1%-5.0%
Q1 2024+2.4%-0.6%+1.0%
Q4 2023-4.2%-4.2%-11.8%
Q3 2023-2.9%+1.7%+10.8%
Q2 2023+0.8%+3.9%-7.3%
Q1 2023-1.4%-2.6%-4.6%
Q4 2022-8.2%-5.2%-5.4%
Q3 2022+7.0%+14.0%+17.4%
Q2 2022-0.9%
Q1 2022-5.1%
Q4 2021+0.6%
Q3 2021-5.3%
Q2 2021+1.6%
Q1 2021+0.0%
Q4 2020-8.0%
Q3 2020-10.1%
Q2 2020+7.3%
Q1 2020+15.3%
Q4 2019-0.7%
Q3 2019+1.4%
Q2 2019-3.9%
Q1 2019-1.1%
Q4 2018+8.6%
Q3 2018-7.4%
Q2 2018-2.4%
Q1 2018+5.3%
Q4 2017+1.5%
Q3 2017-3.6%
Q2 2017+0.4%
Q1 2017+4.3%
Q4 2016+6.7%
Q3 2016+1.2%
Q2 2016+1.6%
Q1 2014-0.6%
Q2 2014-0.6%
Q1 2016+3.7%
Q4 2015-0.1%
Q3 2015+4.0%
Q2 2015+2.5%
Q1 2015+1.0%
Q4 2012+0.1%
Q4 2014+1.5%
Q3 2013-2.8%
Q4 2013-2.8%
Q3 2014+4.3%
Q2 2013
Q1 2013

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