Veritex Holdings, Inc. - Understand $vbtx stock

$VBTX Market Cap: $1.65 Billion

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Financial Snapshot

Revenue

$572.5M

TTM

Gross Margin

Net Earnings

$85.86M

TTM

Current Assets

Current Liabilities

$168.4M

Q3 2024

Current Ratio

Total Assets

$13.04B

Q3 2024

Total Liabilities

$11.43B

Q3 2024

Book Value

$1.608B

Q3 2024

Cash

$1.101B

Q3 2024

P/E

19.22

Nov 29, 2024 EST

Free Cash Flow

$136.1M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Revenue	$726.9M	$449.4M	$316.5M	$321.9M	$378.8M	$145.1M	$79.55M	$46.60M	$34.92M	$28.26M
YoY Change	61.74%	42.0%	-1.67%	-15.03%	161.11%	82.36%	70.73%	33.43%	23.57%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue	$726.9M	$449.4M	$316.5M	$321.9M	$378.8M	$145.1M	$79.55M	$46.60M	$34.92M	$28.26M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$19.49M	$18.67M	$15.73M	$15.83M	$15.93M	$7.077M	$2.836M	$1.704M	$1.418M	$1.339M	$1.300M	$1.100M
YoY Change	4.38%	18.67%	-0.64%	-0.63%	125.14%	149.54%	66.43%	20.17%	5.9%	3.0%	18.18%	37.5%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Interest Expense	$327.8M	$84.75M	$35.70M	$56.05M	$93.69M	$30.05M	$11.04M	$5.640M	$3.461M	$2.919M
YoY Change	286.72%	137.4%	-36.31%	-40.17%	211.83%	172.05%	95.82%	62.96%	18.57%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Pretax Income	$144.3M	$186.6M	$176.3M	$88.09M	$115.9M	$50.24M	$28.18M	$19.02M	$12.91M	$7.910M	$5.200M	$1.600M
YoY Change	-22.69%	5.86%	100.15%	-23.97%	130.63%	78.27%	48.18%	47.35%	63.17%	52.12%	225.0%	1500.0%
Income Tax	$36.02M	$40.32M	$36.72M	$14.20M	$25.12M	$10.90M	$13.03M	$6.467M	$4.117M	$2.705M	$1.800M	$100.0K
% Of Pretax Income	24.97%	21.6%	20.83%	16.12%	21.68%	21.69%	46.23%	34.0%	31.9%	34.2%	34.62%	6.25%
Net Earnings	$108.3M	$146.3M	$139.6M	$73.88M	$90.74M	$39.34M	$15.15M	$12.55M	$8.790M	$5.205M	$3.400M	$1.500M
YoY Change	-26.01%	4.82%	88.93%	-18.58%	130.65%	159.64%	20.72%	42.79%	68.88%	53.09%	126.67%	1400.0%
Net Earnings / Revenue	14.89%	32.56%	44.1%	22.96%	23.96%	27.12%	19.05%	26.94%	25.17%	18.42%
Basic Earnings Per Share	$2.00	$2.75	$2.83	$1.48	$1.71	$1.63	$0.82	$1.16	$0.86	$0.73
Diluted Earnings Per Share	$1.98	$2.712M	$2.77	$1.48	$1.68	$1.60	$0.80	$1.13	$0.84	$0.72	$373.6K	$164.8K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$105.7M	$108.8M	$126.3M	$129.9M	$131.7M	$78.40M	$75.30M	$17.40M	$17.40M	$11.20M	$10.00M	$10.30M
YoY Change	-2.85%	-13.84%	-2.77%	-1.37%	67.98%	4.12%	332.76%	0.0%	55.36%	12.0%	-2.91%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$1.018M	$1.018M	$1.000M	$1.000M	$1.000M	$400.0K	$400.0K	$100.0K	$100.0K	$100.0K	$100.0K	$100.0K
YoY Change	0.0%	1.8%	0.0%	0.0%	150.0%	0.0%	300.0%	0.0%	0.0%	0.0%	0.0%
Other Assets				$4.700M	$1.400M		$38.20M
YoY Change				235.71%
Total Long-Term Assets
YoY Change
Total Assets	$12.39B	$12.15B	$9.757B	$8.821B	$7.955B	$3.209B	$2.946B	$1.409B	$1.040B	$802.3M	$665.0M	$524.1M
YoY Change
Accounts Payable	$195.0M	$177.6M	$49.10M	$46.30M	$6.600M	$5.400M	$5.400M	$500.0K	$800.0K	$600.0K	$500.0K	$700.0K
YoY Change	9.83%	261.67%	6.05%	601.52%	22.22%	0.0%	980.0%	-37.5%	33.33%	20.0%	-28.57%
Accrued Expenses	$20.51M	$17.33M	$18.00M	$15.60M	$14.10M
YoY Change	18.34%	-3.74%	15.38%	10.64%
Deferred Revenue
YoY Change
Short-Term Debt		$0.00	$4.100M	$2.200M	$2.400M	$0.00	$15.00M
YoY Change		-100.0%	86.36%	-8.33%		-100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$195.0M	$177.6M	$67.10M	$61.90M	$20.70M	$5.400M	$5.100M	$2.900M	$800.0K	$600.0K	$1.200M	$700.0K
YoY Change	9.83%	164.65%	8.4%	199.03%	283.33%	5.88%	75.86%	262.5%	33.33%	-50.0%	71.43%
Long-Term Debt	$229.8M	$228.8M	$227.8M	$262.8M	$145.6M	$16.70M	$16.70M	$8.000M	$8.000M	$8.100M	$8.100M	$3.100M
YoY Change	0.44%	0.43%	-13.32%	80.49%	771.86%	0.0%	108.75%	0.0%	-1.23%	0.0%	161.29%
Other Long-Term Liabilities							$64.60M
YoY Change
Total Long-Term Liabilities	$229.8M	$228.8M	$227.8M	$262.8M	$145.6M	$16.70M	$81.30M	$8.000M	$8.000M	$8.100M	$8.100M	$3.100M
YoY Change	0.44%	0.43%	-13.32%	80.49%	771.86%	-79.46%	916.25%	0.0%	-1.23%	0.0%	161.29%
Total Liabilities	$10.86B	$10.70B	$8.442B	$7.618B	$6.764B	$2.678B	$2.457B	$1.169B	$907.5M	$689.0M	$598.7M	$462.3M
YoY Change	1.48%	26.8%	10.83%	12.62%	152.59%	9.0%	110.08%	28.86%	31.71%	15.08%	29.5%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Basic Shares Outstanding	54.26M shares	53.17M shares	49.41M shares	49.88M shares	53.15M shares	24.17M shares	18.40M shares	10.85M shares	10.06M shares	6.992M shares
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $1.6498 Billion

About Veritex Holdings, Inc.

Veritex Holdings, Inc. engages in the provision of commercial banking products and services to small to medium-sized businesses and professionals. The company is headquartered in Dallas, Texas and currently employs 820 full-time employees. The company went IPO on 2014-10-09. The firm conducts banking activities through its wholly owned subsidiary, Veritex Community Bank (the Bank), a Texas state bank, which provides a full range of banking services, including commercial and retail lending and checking and savings deposit products, to individual and corporate customers. The company operates through the community banking segment. The Bank provides relationship-driven commercial banking products and services tailored to meet the needs of small to medium-sized businesses and professionals. The company offers online banking solutions, including access to account balances, online transfers, online bill payment and electronic delivery of customer statements, as well as ATMs, and mobile and digital banking, mail and personal appointments. The company also offers debit cards, night depository, direct deposit, cashier’s checks and letters of credit. The company also offers a full array of commercial treasury management services.

Industry: State Commercial Banks Peers: Hilltop Holdings Inc. HOPE BANCORP INC EAGLE BANCORP INC FIRST BANCORP /NC/ Live Oak Bancshares, Inc. NBT BANCORP INC PNC FINANCIAL SERVICES GROUP, INC. TRICO BANCSHARES / Triumph Financial, Inc. WESTAMERICA BANCORPORATION