Veritex Holdings Inc (OQ:VBTX)
Business Focus: Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 8214 Westchester Drive, Suite 800 DALLAS TX 75225 |
| Tel: | N/A |
| Website: | https://veritexbank.com |
| IR: | See website |
| Key People | ||
| C. Malcolm Holland Chairman of the Board, President, Chief Executive Officer | Terry S. Earley Chief Financial Officer, Senior Executive Vice President, Veritex and the Bank | Lavonda D. Renfro Senior Executive Vice President, Chief Operating Officer of the Bank |
| Philip Donnelly Senior Executive Vice President, General Counsel, Bank | Dominic Karaba Senior Executive Vice President, Veritex; Chief Banking Officer and President, Bank | Cara McDaniel Senior Executive Vice President, Chief Talent Officer of the Bank | Angela Harper Senior Executive Vice President, Chief Risk Officer of the Bank |
| Business Overview |
| Veritex Holdings, Inc. is a bank holding company. The Company 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. It 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. It 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. It also offers debit cards, night depository, direct deposit, cashier's checks and letters of credit. It also offers a full array of commercial treasury management services. |
| Financial Overview |
| For the three months ended 31 March 2024, Veritex Holdings Inc interest income increased 9% to $184.6M. Net interest income after loan loss provision decreased 15% to $86.8M. Net income decreased 37% to $24.2M. Net interest income after loan loss provision reflects Net Interest Margin - Total - % decrease of 12% to 3.24%, Net Interest Spread - Total - % decrease of 28% to 1.97%. |
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