Our Westchester Branch is expanding to better serve you! Our drive-thru is currently closed, but our lobby is open and fully operational. We're sorry for the inconvenience.

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

Jan 20 2022

VERITEX COMMUNITY BANK EMBRACES PAPERLESS OFFICE CONCEPT

VERITEX COMMUNITY BANK EMBRACES PAPERLESS OFFICE CONCEPT Dallas, Texas - (www.veritexbank.com) As many companies shift to the digital age, Veritex Community Bank leaders have shifted their teams to go paperless. In banking, a paper trail was the norm for archiving and documentation. However new and more secure methods have been ...

Nov 30 2021

Best in banking Dallas-Fort Worth

Banking on Integrity Veritex Community Bank lives up to its name by prioritizing integrity, truth, and transparency - with a personal touch. Attentive and customized service in banking will never go out of style, says Malcolm Holland, founder and CEO of Veritex Community Bank. And Veritex, with branches throughout the ...

Nov 3 2021

VERITEX HOLDINGS NAMED ONE OF FORTUNE’S FASTEST-GROWING COMPANY

FOR IMMEDIATE RELEASE                                                                                                    November 3, 2021 DALLAS, TX – (www.veritexbank.com) Veritex Holdings (NASDAQ: VBTX) is excited to make Fortune’s Fastest-Growing Companies list for the second year in a row.  Fortune’s list is comprised of the world’s top performing companies based on revenue growth rate, earnings per share ...