Veritex Q2 2021 Earnings Report

Veritex reported an outstanding financial and growth quarter driven by strategic investments and talent hires.

Key Takeaways

Veritex Holdings, Inc. reported strong second-quarter results with a net income of $29.5 million, or $0.59 diluted earnings per share. The company experienced significant loan growth, record loan production, and an improving credit profile. Additionally, Veritex completed its investment in Thrive Mortgage and increased its quarterly dividend by 18%.

Net income was $29.5 million, or $0.59 diluted earnings per share.

Operating earnings were $30.0 million, or $0.60 diluted operating EPS.

Total loans held for investment, excluding mortgage warehouse and PPP loans, grew by $308.6 million, or 20.7% annualized, from the first quarter of 2021.

Total deposits grew by $74.3 million, or 4.3% annualized, from the first quarter of 2021.