Last10K.com

Veritex Holdings, Inc. (VBTX) SEC Filing 10-Q Quarterly report for the period ending Sunday, September 30, 2018

Veritex Holdings, Inc.

CIK: 1501570 Ticker: VBTX
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.

View differences made from one quarter to another to evaluate Veritex Holdings, Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Veritex Holdings, Inc..

Continue

Assess how Veritex Holdings, Inc.'s management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Veritex Holdings, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2018 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheets (Unaudited)
Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical)
Condensed Consolidated Statements Of Cash Flows (Unaudited)
Condensed Consolidated Statements Of Changes In Stockholders' Equity (Unaudited)
Condensed Consolidated Statements Of Changes In Stockholders' Equity (Unaudited) (Parenthetical)
Condensed Consolidated Statements Of Comprehensive Income (Unaudited)
Condensed Consolidated Statements Of Income (Unaudited)
Branch Assets And Liabilities Held For Sale
Branch Assets And Liabilities Held For Sale (Details)
Branch Assets And Liabilities Held For Sale Branch Assets And Liabilities Held For Sale (Tables)
Business Combinations
Business Combinations (Tables)
Business Combinations - Acquired Assets And Assumed Liabilities (Details)
Business Combinations - Loans Acquired (Details)
Business Combinations - Narrative (Details)
Business Combinations - Summary Of Intangible Assets Acquired (Details)
Capital Requirements And Restrictions On Retained Earnings
Capital Requirements And Restrictions On Retained Earnings (Details)
Capital Requirements And Restrictions On Retained Earnings (Tables)
Commitments And Contingencies
Commitments And Contingencies (Details)
Commitments And Contingencies (Tables)
Fair Value Disclosures
Fair Value Disclosures (Tables)
Fair Value Disclosures - Financial Instruments (Details)
Fair Value Disclosures - Level 3 (Details)
Fair Value Disclosures - Non-Recurring Basis (Details)
Fair Value Disclosures - Recurring Basis (Details)
Financial Instruments With Off-Balance Sheet Risk
Financial Instruments With Off-Balance Sheet Risk (Details)
Financial Instruments With Off-Balance Sheet Risk (Tables)
Income Taxes
Income Taxes (Details)
Intangible Assets
Intangible Assets (Tables)
Intangible Assets - Summary Of Intangible Assets (Details)
Investment Securities
Investment Securities (Tables)
Investment Securities - Carrying Amount And Fair Values (Details)
Investment Securities - Maturities (Details)
Investment Securities - Proceeds And Gross Gains/Losses (Details)
Investment Securities - Unrealized Loss Position (Details)
Loans And Allowance For Loan Losses
Loans And Allowance For Loan Losses (Tables)
Loans And Allowance For Loan Losses - Allowance (Details)
Loans And Allowance For Loan Losses - Allowance, Additional Information (Details)
Loans And Allowance For Loan Losses - Balance Sheet Summary (Details)
Loans And Allowance For Loan Losses - Credit Quality Indicators (Details)
Loans And Allowance For Loan Losses - Impaired Loans (Details)
Loans And Allowance For Loan Losses - Nonaccrual (Details)
Loans And Allowance For Loan Losses - Past Due (Details)
Loans And Allowance For Loan Losses - Pci Accretable Yield Rollforward (Details)
Loans And Allowance For Loan Losses - Pci Loans (Details)
Loans And Allowance For Loan Losses - Servicing Assets (Details)
Loans And Allowance For Loan Losses - Troubled Debt Restructuring (Details)
Significant Concentrations Of Credit Risk
Stock And Incentive Plans
Stock And Incentive Plans (Tables)
Stock And Incentive Plans - 2010 Plan (Details)
Stock And Incentive Plans - 2010 Plan - Options (Details)
Stock And Incentive Plans - 2010 Plan - Restricted Stock Units (Details)
Stock And Incentive Plans - Fair Value Options Exercised Or Restricted Stock Units Vested (Details)
Stock And Incentive Plans - Omnibus Plan (Details)
Stock And Incentive Plans - Omnibus Plan - Options (Details)
Stock And Incentive Plans - Omnibus Plan - Restricted Stock Units (Details)
Stock And Incentive Plans - Omnibus Plan Black Scholes Assumptions - (Details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies (Tables)
Summary Of Significant Accounting Policies - Additional Information (Details)
Summary Of Significant Accounting Policies - Antidilutive Securities (Details)
Summary Of Significant Accounting Policies - Earnings Per Share (Details)
Supplemental Statement Of Cash Flows
Supplemental Statement Of Cash Flows (Details)
Supplemental Statement Of Cash Flows (Tables)

Material Contracts, Statements, Certifications & more

Veritex Holdings, Inc. provided additional information to their SEC Filing as exhibits

Ticker: VBTX
CIK: 1501570
Form Type: 10-Q Quarterly Report
Accession Number: 0001501570-18-000252
Submitted to the SEC: Thu Oct 25 2018 4:05:30 PM EST
Accepted by the SEC: Thu Oct 25 2018
Period: Sunday, September 30, 2018
Industry: State Commercial Banks

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/vbtx/0001501570-18-000252.htm