Veritex Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 24, 2023 at 04:23 pm EDT
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Veritex Holdings, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was USD 99.36 million compared to USD 101.04 million a year ago. Net income was USD 32.62 million compared to USD 43.32 million a year ago. Basic earnings per share from continuing operations was USD 0.6 compared to USD 0.8 a year ago. Diluted earnings per share from continuing operations was USD 0.6 compared to USD 0.79 a year ago.
For the nine months, net interest income was USD 303.58 million compared to USD 258.56 million a year ago. Net income was USD 104.76 million compared to USD 106.42 million a year ago. Basic earnings per share from continuing operations was USD 1.93 compared to USD 2.01 a year ago. Diluted earnings per share from continuing operations was USD 1.92 compared to USD 1.98 a year ago.
Veritex Holdings, Inc. is a bank holding company. The Company conducts banking activities through its wholly owned subsidiary, Veritex Community Bank (the Bank), a Texas state bank, which provides a full range of banking services, including commercial and retail lending and checking and savings deposit products, to individual and corporate customers. It operates through the community banking segment. The Bank provides relationship-driven commercial banking products and services tailored to meet the needs of small to medium-sized businesses and professionals. It offers online banking solutions, including access to account balances, online transfers, online bill payment and electronic delivery of customer statements, as well as ATMs, and mobile and digital banking, mail and personal appointments. It also offers debit cards, night depository, direct deposit, cashierâs checks and letters of credit. It also offers a full array of commercial treasury management services.