Loading...
•
Jun 30, 2020
Veritex Q2 2020 Earnings Report
Veritex reported solid results despite pandemic and economic challenges.
Key Takeaways
Veritex Holdings, Inc. reported a net income of $24.0 million, or $0.48 diluted earnings per share for the quarter ended June 30, 2020. The results reflect strong pre-tax, pre-provision operating net revenue, continued building of allowance for credit losses and higher capital levels.
Net income of $24.0 million, or $0.48 diluted earnings per share.
Pre-tax, pre-provision operating earnings totaled $45.7 million.
Provision for credit losses and unfunded commitments was $19.0 million.
Total deposits grew $325.6 million from the first quarter of 2020, or 22.4% annualized.
Veritex
Veritex
Forward Guidance
No specific forward guidance was provided in the earnings report.