Veritex Holdings, Inc. Reports Fourth Quarter and Year-End 2020 Operating Results

January 26, 2021

DALLAS, TX, Jan. 26, 2021 (GLOBE NEWSWIRE) — Veritex Holdings, Inc. (“Veritex” or the “Company”) (Nasdaq: VBTX), the holding company for Veritex Community Bank, today announced the results for the fourth quarter and full year of 2020. Net income for the quarter ended December 31, 2020 totaled $22.8 million, or $0.46 diluted earnings per share (“EPS”), compared to $22.9 million, or $0.46 diluted EPS, for the quarter ended September 30, 2020 and $29.1 million, or $0.56 diluted EPS, for the quarter ended December 31, 2019. Operating earnings for the quarter ended December 31, 2020 totaled $29.7 million, or $0.60 diluted operating EPS1, compared to $22.9 million, or $0.46 diluted operating EPS1, for the quarter ended September 30, 2020 and $30.3 million, or $0.58 diluted operating EPS1, for the quarter ended December 31, 2019.

“2020 certainly proved to be a very challenging year given the economic disruption from the pandemic. Yet through it all, the team executed well and delivered strong results,” said C Malcolm Holland, III, the Company’s Chairman and Chief Executive Officer. The 4th quarter reflects continued loan growth, strong deposit results, higher capital levels and continued strong pre-tax, pre-provision operating earnings. Our business momentum and loan pipelines are the strongest we have seen since 2019. This momentum is supported by the recovering economy, the strength of the Texas economy and our significant investment during 2020 in new team members to support our continued success.”

To review Fourth Quarter and 2020 Highlights, visit our Investor Relations page.

Related Articles

Scottie Scheffler Golf Ambassador

Feb 5 2025

Veritex Community Bank Announces 2025 Golf Ambassadors

Scottie Scheffler headlines relationships with 28 players with Texas ties across all professional tours, including four rookie standouts and collegiate ambassadors. DALLAS, Feb. 5 – Veritex Community Bank maintains its leadership as the premier supporter of golf in Texas with the announcement of its 2025 Golf Ambassadors. Scottie Scheffler (Dallas/Texas), who has been a member […]

Oct 23 2024

Veritex Community Bank Opens New Branch in Cedar Crest Community Center

New Branch Brings Banking Services to Financially Underserved in Southern Dallas  Dallas, Texas — March 6, 2024, (www.veritexbank.com) Veritex Community Bank is pleased to announce the opening of Veritex Community Bank Cedar Crest in the newly renovated Cedar Crest Community Center in southern Dallas. The branch will be incorporated inside the community center and offer […]

Oct 23 2024

Veritex Community Bank Becomes Title Sponsor of the Behind Every Door Olympic Games

DALLAS  – Oct. 18, 2024 – Veritex Community Bank is proud to announce its title sponsorship of the Behind Every Door Olympic Games, set to take place on Oct. 27 at the Cedar Crest Community Center in Southern Dallas. This exciting event brings together community members to celebrate sportsmanship, teamwork and community spirit. The Behind Every Door […]