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Mar 31, 2021
Veritex Q1 2021 Earnings Report
Reported first quarter operating results
Key Takeaways
Veritex Holdings reported strong operating results for the first quarter of 2021, driven by investments in talent and the reopening of the Texas economy. Net income reached $31.8 million, or $0.64 diluted earnings per share. Loan and deposit growth remained good, credit trends improved, and the balance sheet remained strong.
Net income was $31.8 million, or $0.64 diluted earnings per share.
Pre-tax, pre-provision operating earnings totaled $40.2 million.
Operating return on average tangible common equity was 17.39%.
Total deposits grew $391.7 million from the fourth quarter of 2020, or 24.0% annualized.
Forward Guidance
The company did not provide specific forward guidance but expressed excitement about the future of Veritex, including the partnership with Thrive Mortgage.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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