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Jun 30, 2022
Veritex Q2 2022 Earnings Report
Reported an exceptional quarter with a PTPP operating return of 1.76%.
Key Takeaways
Veritex Holdings, Inc. reported strong second quarter results, with a focus on investing in talent and scale in resilient markets. Net income was $29.63 million, and diluted EPS was $0.54. The company saw growth in loans and deposits, and an increase in net interest margin.
Pre-tax, pre-provision operating return on average assets increased to 1.76%.
Non-performing assets to total assets decreased to 0.40%.
Net charge-offs to average loans outstanding was 1 basis point.
Net interest margin increased to 3.42%.
Veritex
Veritex
Forward Guidance
No specific forward guidance was provided in the earnings report.