Veritex Holdings, Inc. Reports Third Quarter Operating Results

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Veritex Holdings (VBTX) Tops Q3 EPS by 2c

October 27, 2020 4:48 PM EDT

Veritex Holdings (NASDAQ: VBTX) reported Q3 EPS of $0.46, $0.02 better than the analyst estimate of $0.44.

Third Quarter Highlights

Net income of $22.9 million, or $0.46 diluted earnings per share (EPS), compared to $24.0 million, or $0.48 diluted EPS, for the quarter ended June 30, 2020 and $27.4 million, or $0.51 diluted EPS, for the quarter ended September 30, 2019;Pre-tax, pre-provision operating earnings1 totaled $39.3 million, compared to $45.7 million for the quarter ended June 30, 2020 and $45.7 million for the quarter ended September 30, 2019;Provision for credit losses and unfunded... More