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Mar 31, 2022
Veritex Q1 2022 Earnings Report
Reported outstanding financial and growth, driven by annualized loan growth and annualized deposit growth.
Key Takeaways
Veritex Holdings, Inc. reported an outstanding first quarter with operating diluted EPS of $0.66. The company experienced significant growth, with annualized loan growth of 21% and annualized deposit growth of 29%.
Total loans held for investment, excluding mortgage warehouse and paycheck protection program loans, grew by $359.4 million, or 21.2% annualized.
Total deposits grew $526.0 million, or 28.6% annualized, with the average cost of total deposits decreasing to 0.17%.
Non-performing assets to total assets decreased to 0.46%.
Declared quarterly cash dividend of $0.20 per share of outstanding common stock payable on May 27, 2022.
Veritex
Veritex
Forward Guidance
No specific forward guidance was provided in the earnings report.