Veritex Holdings Financials

VBTX Stock  USD 30.48  0.57  1.84%   
Based on the key indicators related to Veritex Holdings' liquidity, profitability, solvency, and operating efficiency, Veritex Holdings may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. At this time, Veritex Holdings' Accounts Payable is fairly stable compared to the past year. Cash is likely to rise to about 660.5 M in 2024, whereas Non Current Assets Total are likely to drop slightly above 1.4 B in 2024. Key indicators impacting Veritex Holdings' financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio0.340.2154
Way Up
Slightly volatile
Current Ratio3.982.83
Significantly Up
Slightly volatile
The essential information of the day-to-day investment outlook for Veritex Holdings includes many different criteria found on its balance sheet. An individual investor should monitor Veritex Holdings' cash flow, debt, and profitability to accurately make informed decisions on whether to invest in Veritex Holdings.

Net Income

113.67 Million

  
Understanding current and past Veritex Holdings Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Veritex Holdings' financial statements are interrelated, with each one affecting the others. For example, an increase in Veritex Holdings' assets may result in an increase in income on the income statement.
Please note, the imprecision that can be found in Veritex Holdings' accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Veritex Holdings. Check Veritex Holdings' Beneish M Score to see the likelihood of Veritex Holdings' management manipulating its earnings.

Veritex Holdings Stock Summary

Veritex Holdings competes with Finward Bancorp, Franklin Financial, Home Bancorp, LINKBANCORP, and Great Southern. Veritex Holdings, Inc. operates as the bank holding company for Veritex Community Bank that provides various commercial banking products and services to small and medium-sized businesses, and professionals. Veritex Holdings, Inc. was incorporated in 2009 and is headquartered in Dallas, Texas. Veritex Holdings operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 690 people.
Specialization
Financial Services, Banks - Regional
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS9234511080
CUSIP923451108
LocationTexas; U.S.A
Business Address8214 Westchester Drive,
SectorBanks
IndustryFinancials
BenchmarkDow Jones Industrial
Websitewww.veritexbank.com
Phone972 349 6200
CurrencyUSD - US Dollar

Veritex Holdings Key Financial Ratios

Veritex Holdings Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets8.0B8.8B9.8B12.2B12.4B13.0B
Other Assets6.1B5.9B6.6B11.0B9.9B10.4B
Good Will370.7M370.8M403.8M404.5M465.1M488.4M
Intangible Assets72.3M61.7M66.0M53.2M41.8M27.0M
Other Liab878K11.3M11.3M10.1M11.6M12.2M
Net Debt574.2M809.7M625.5M967.7M(299.3M)(284.3M)
Retained Earnings147.9M172.2M275.3M379.3M444.2M466.5M
Accounts Payable43.8M61.9M69.2M177.6M204.2M214.4M
Cash251.6M230.8M379.8M436.1M629.1M660.5M
Long Term Debt147.9M265.0M1.0B1.4B329.8M297.1M
Net Receivables10.4M6.7B7.3B1.7M2.0M1.9M
Inventory(2.4B)(2.7B)6.0M2.3M2.1M2.2M
Other Current Assets267.9M258.7M491.4M437.8M629.1M689.6M
Total Liab6.8B7.6B8.4B10.7B10.9B11.4B
Total Current Assets251.6M1.3B1.4B558.5M629.1M375.2M
Common Stock511K555K560K607K610K348.0K
Other Current Liab(43.8M)(118.0M)(102.6M)724.6M6.9B7.2B
Net Tangible Assets747.7M770.8M845.3M1.0B1.2B1.2B
Long Term Debt Total16.7M147.9M265.0M227.8M261.9M275.0M
Capital Surpluse449.4M1.1B1.1B1.1B1.3B1.4B

Veritex Holdings Key Income Statement Accounts

An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket.
201920202021202220232024 (projected)
Interest Expense93.7M56.1M35.7M84.8M327.8M344.1M
Total Revenue315.2M313.1M333.4M422.6M726.9M763.2M
Gross Profit315.2M313.1M333.4M422.6M726.9M763.2M
Operating Income115.9M88.1M176.3M262.2M144.3M76.2M
Ebit126.6M88.1M178.0M186.6M144.3M72.3M
Ebitda126.7M103.9M192.0M205.3M144.3M76.5M
Income Before Tax115.9M88.1M176.3M186.6M144.3M151.5M
Net Income90.7M73.9M139.6M146.3M108.3M113.7M
Income Tax Expense25.1M14.2M36.7M40.3M36.0M37.8M
Tax Provision25.1M14.2M36.7M40.3M41.9M23.6M
Net Interest Income285.1M265.8M280.8M364.7M409.7M227.5M
Interest Income378.8M321.9M316.5M449.4M691.5M726.1M

Veritex Holdings Key Cash Accounts

Cash flow analysis captures how much money flows into and out of Veritex Holdings. It measures of how well Veritex is doing because it can show the actual money that comes into and out of the Company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money Veritex Holdings brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money Veritex had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what Veritex Holdings has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
201920202021202220232024 (projected)
Change In Cash167.1M(20.7M)149.0M56.3M193.0M202.6M
Free Cash Flow96.3M104.8M179.9M188.1M142.2M149.3M
Depreciation15.9M15.8M15.7M18.7M19.5M20.5M
Other Non Cash Items(18.6M)37.9M11.4M29.1M14.8M15.5M
Capital Expenditures7.7M2.9M13.6M4.6M1.9M1.8M
Net Income90.7M73.9M139.6M146.3M108.3M54.6M
End Period Cash Flow251.6M230.8M379.8M436.1M629.1M660.5M
Investments(204.2M)(926.1M)(706.7M)(2.4B)(353.7M)(371.4M)
Net Borrowings424.0M222.7M1.7M393.4M452.4M475.0M
Change To Netincome52.3M(14.5M)2.0M35.4M40.7M42.7M

Veritex Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Veritex Holdings's current stock value. Our valuation model uses many indicators to compare Veritex Holdings value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Veritex Holdings competition to find correlations between indicators driving Veritex Holdings's intrinsic value. More Info.
Veritex Holdings is rated below average in return on equity category among its peers. It is rated below average in return on asset category among its peers reporting about  0.12  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Veritex Holdings is roughly  8.15 . At this time, Veritex Holdings' Return On Equity is fairly stable compared to the past year. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Veritex Holdings' earnings, one of the primary drivers of an investment's value.

Veritex Holdings Systematic Risk

Veritex Holdings' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Veritex Holdings volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Beta measures systematic risk based on how returns on Veritex Holdings correlated with the market. If Beta is less than 0 Veritex Holdings generally moves in the opposite direction as compared to the market. If Veritex Holdings Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Veritex Holdings is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Veritex Holdings is generally in the same direction as the market. If Beta > 1 Veritex Holdings moves generally in the same direction as, but more than the movement of the benchmark.

Veritex Holdings Thematic Clasifications

Veritex Holdings is part of Banking investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. USA Equities from Banking industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions
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This theme covers USA Equities from Banking industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions. Get More Thematic Ideas
Today, most investors in Veritex Holdings Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Veritex Holdings' growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Veritex Holdings growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(0.45)

At this time, Veritex Holdings' Price Earnings To Growth Ratio is fairly stable compared to the past year.

Veritex Holdings November 28, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Veritex Holdings help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Veritex Holdings. We use our internally-developed statistical techniques to arrive at the intrinsic value of Veritex Holdings based on widely used predictive technical indicators. In general, we focus on analyzing Veritex Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Veritex Holdings's daily price indicators and compare them against related drivers.

Additional Tools for Veritex Stock Analysis

When running Veritex Holdings' price analysis, check to measure Veritex Holdings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Veritex Holdings is operating at the current time. Most of Veritex Holdings' value examination focuses on studying past and present price action to predict the probability of Veritex Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Veritex Holdings' price. Additionally, you may evaluate how the addition of Veritex Holdings to your portfolios can decrease your overall portfolio volatility.