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Jun 30, 2024
Veritex Q2 2024 Earnings Report
Reported improved credit quality, stabilized NIM, and continued repositioning of balance sheet.
Key Takeaways
Veritex Holdings reported Q2 2024 results with improved credit quality, stabilized NIM, and continued balance sheet repositioning. Total deposits grew by $71.0 million, and total loans grew by $70.3 million.
Pre-tax, pre-provision operating return on average assets was 1.42%.
Nonperforming assets decreased 17 bps to 0.65% of total assets.
Net interest margin increased to 3.29%, a 5 bps improvement from the prior quarter.
Common equity tier 1 capital grew 12 bps to 10.49%.
Veritex
Veritex
Forward Guidance
The Company declared a quarterly cash dividend of $0.20 per share of outstanding common stock payable on August 23, 2024.