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Dec 31, 2020
Veritex Q4 2020 Earnings Report
Reported strong results driven by continued loan growth, strong deposit results, higher capital levels, and continued strong pre-tax, pre-provision operating earnings.
Key Takeaways
Veritex Holdings, Inc. reported net income of $22.8 million, or $0.46 diluted earnings per share, for the quarter ended December 31, 2020. Operating earnings totaled $29.7 million, or $0.60 diluted operating EPS. The company experienced continued loan growth, strong deposit results and higher capital levels.
Net income of $22.8 million, or $0.46 diluted EPS.
Pre-tax, pre-provision operating earnings totaled $38.4 million.
Total loans held for investment, excluding PPP loans, grew $91.3 million, or 5.8% annualized.
Total deposits grew $290.3 million, or 18.7% annualized.
Veritex
Veritex
Forward Guidance
The 4th quarter reflects continued loan growth, strong deposit results, higher capital levels and continued strong pre-tax, pre-provision operating earnings. Our business momentum and loan pipelines are the strongest we have seen since 2019.
Positive Outlook
- Continued loan growth
- Strong deposit results
- Higher capital levels
- Continued strong pre-tax, pre-provision operating earnings
- Strongest business momentum and loan pipelines since 2019