Exhibit 99.1

VERITEX HOLDINGS, INC. REPORTS SECOND QUARTER FINANCIAL RESULTS
STRONG ORGANIC LOAN GROWTH CONTINUES IN 2018


Dallas, TX — July 23, 2018 —Veritex Holdings, Inc. (“Veritex” or the “Company”) (Nasdaq: VBTX), the holding company for Veritex Community Bank, today announced the results for the quarter ended June 30, 2018. The Company reported net income available to common stockholders of $10.2 million, or $0.42 diluted earnings per share (“EPS”), compared to $10.4 million, or $0.42 diluted EPS, for the quarter ended March 31, 2018 and $3.6 million, or $0.23 diluted EPS, for the quarter ended June 30, 2017.
C. Malcolm Holland, the Company’s Chairman and Chief Executive Officer, said, “I am extremely pleased to announce yet another strong quarter. We continue to remain focused on the growth of our customer base as evidenced by our 17% annualized loan growth for the year. Additionally, we are thrilled to see positive results from acquisition integrations which helped produce a record low 53.5% efficiency ratio for the second quarter. We continue to be optimistic about our earnings power for the remainder of 2018 and remain well positioned to take advantage of future business opportunities.”
2018 Second Quarter Highlights
Net income available for common stockholders for the quarter ended June 30, 2018 was $10.2 million, or $0.42 diluted EPS, compared to $10.4 million, or $0.42 diluted EPS, for the quarter ended March 31, 2018.
Core net income available for common stockholders1 totaled $9.9 million, or $0.40 core diluted EPS1, for the quarter ended June 30, 2018, compared to $9.0 million, or $0.37 core diluted EPS, for the quarter ended March 31, 2018.
Total loans increased $102.8 million, or 4.4%, to $2.4 billion compared to the quarter ended March 31, 2018.
Completed system conversion and integration of Liberty Bancshares, Inc. (“Liberty”).
Completed the issuance of 50 shares of Company common stock to each employee consistent with our communication to employees upon passing of the Tax Cuts and Jobs Act.












                                           
1As part of how we measure our results, we use certain non-GAAP financial measures to evaluate performance. These non-GAAP financial measures are reconciled in the section labeled “Reconciliation of Non-GAAP Financial Measures” at the end of this press release.

1

The following information was filed by Veritex Holdings, Inc. (VBTX) on Monday, July 23, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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