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Dec 31, 2019
Veritex Q4 2019 Earnings Report
Reported fourth quarter and year-end operating results.
Key Takeaways
Veritex Holdings, Inc. reported net income of $29.1 million, or $0.56 diluted earnings per share, for the quarter ended December 31, 2019. Operating net income totaled $30.3 million, or $0.58 diluted operating EPS.
Diluted EPS was $0.56 and diluted operating EPS was $0.58 for the fourth quarter of 2019, resulting in a 23.4% increase in diluted operating EPS compared to the fourth quarter of 2018.
Return on average assets was 1.43%, operating return on average assets was 1.49% and pre-tax, pre-provision operating return on average assets was 2.07% for the fourth quarter of 2019.
Return on average tangible common equity was 16.22% and operating return on average tangible common equity was 16.87% for the fourth quarter of 2019.
Total loans, excluding mortgage warehouse, increased $86.9 million, or 6.1% annualized, and total deposits, excluding time deposits, increased $210.1 million, or 21.0% annualized, during the fourth quarter of 2019.