Loading...
•
Sep 30, 2024
Veritex Q3 2024 Earnings Report
Reported third quarter results and provided updates on balance sheet transformation.
Key Takeaways
Veritex Holdings reported a net income of $31.0 million for Q3 2024, with diluted EPS of $0.56. The company saw growth in deposits and common equity tier 1 capital, while also decreasing nonperforming assets. Net interest margin expanded to 3.30%.
Return on average assets increased 9 bps compared to the prior quarter.
Total deposits grew by $311.2 million, or 11.60% annualized, compared to the prior quarter.
Common equity tier 1 capital grew 37 bps from the prior quarter to 10.86%.
Nonperforming assets decreased 13 bps from the prior quarter to 0.52% of total assets.