Veritex Holdings Reports Lower-than-Expected Q4 Earnings
Dallas-based Veritex Holdings Inc. (VBTX) announced its fourth-quarter financial results on Tuesday, revealing a profit of $24.9 million. The bank reported earnings of 45 cents per diluted share, or 54 cents per share excluding non-recurring costs.
These results fell short of analysts' expectations, as the consensus forecast from three analysts surveyed by Zacks Investment Research predicted earnings of 56 cents per share. VBTX also reported revenue of $194.8 million during the quarter, with net interest income of $106.2 million. Both revenue and net interest income missed market estimates.
For the full year, Veritex Holdings recorded a profit of $107.2 million or $1.95 per share, with revenue amounting to $425.6 million.
These financial results were generated by Automated Insights using data provided by Zacks Investment Research. Visit https://www.zacks.com/ap/VBTX for more information on VBTX's stock performance.