NASDAQ$VBTX
Veritex Holdings Inc · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Reported strong fourth quarter and 2021 results due to the improving Texas economy and focus on the organic growth strategy.
Veritex Holdings, Inc. reported strong fourth-quarter results driven by organic growth, strategic investments in Thrive Mortgage and North Avenue Capital, and improving asset quality. Deposit growth remained strong, and loan balances increased for the sixth consecutive quarter.
- Total loans held for investment, excluding Paycheck Protection Program and mortgage warehouse loans, grew $150.1 million, or 9.1% annualized.
- Total deposits grew $184.9 million, or 10.3% annualized.
- Nonperforming assets to total assets decreased to 0.51%.
- Completed 49% investment in Thrive and closed the acquisition of NAC.
Headline financials
Revenue & EPS history
Veritex · Revenue · Quarterly
$92.9M
Revenue by segment
Veritex · $6.62B total across 8 segments · Q3 2021
- Non-Owner Occ. CRE$2.18B—32.8%
- Commercial LHI$1.81B—27.4%
- Construction & Land$936M—14.1%
- Owner Occupied CRE$711M—10.7%
- 1-4 Family Residential$544M—8.2%
- Multi-Family Residential$357M—5.4%
- Farmland loans$73.6M—1.1%
- Consumer loans$14.3M—0.2%
Forward guidance
Management is excited for 2022 and the future of the Company due to business momentum, continued organic growth, investment in talent, revenue diversification, improving credit metrics and a recovering economy.
Tailwinds
- Business momentum
- Continued organic growth
- Investment in talent
- Revenue diversification
- Improving credit metrics
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 12 quarterly earnings reports
+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
| Quarter | Report date | Reaction (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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