Veritex Holdings (VBTX) Misses Q3 EPS by 2c

Veritex Holdings (NASDAQ: VBTX) reported Q3 EPS of $0.28, $0.02 worse than the analyst estimate of $0.30.

C. Malcolm Holland, the Company’s Chairman and Chief Executive Officer, said, “I am thrilled with our third quarter accomplishments. We closed the acquisition of Sovereign Bancshares, Inc., announced the merger with Liberty Bancshares, Inc. and successfully completed a public offering of our common stock. Our organic growth continued to be strong. Loan balances, excluding acquired Sovereign loans, have grown $183.9 million over December 31, 2016 balances, or at a 24.8% annualized rate. As we finish out 2017, we are excited about all the opportunities in the thriving business communities we currently serve and the new partnerships we will create through our merger with Liberty.

For earnings history and earnings-related data on Veritex Holdings (VBTX) click here.

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