Company Quick10K Filing
Veritex Holdings
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 54 $1,391
10-Q 2019-10-25 Quarter: 2019-09-30
10-Q 2019-08-01 Quarter: 2019-06-30
10-Q 2019-05-10 Quarter: 2019-03-31
10-K 2019-02-27 Annual: 2018-12-31
10-Q 2018-10-25 Quarter: 2018-09-30
10-Q 2018-07-27 Quarter: 2018-07-27
10-Q 2018-04-27 Quarter: 2018-03-31
10-K 2018-03-14 Annual: 2017-12-31
10-Q 2017-10-26 Quarter: 2017-09-30
10-Q 2017-07-25 Quarter: 2017-06-30
10-Q 2017-04-27 Quarter: 2017-03-31
10-K 2017-03-10 Annual: 2016-12-31
10-Q 2016-10-27 Quarter: 2016-09-30
10-Q 2016-07-28 Quarter: 2016-06-30
10-Q 2016-04-28 Quarter: 2016-03-31
10-K 2016-03-15 Annual: 2015-12-31
10-Q 2015-10-30 Quarter: 2015-09-30
10-Q 2015-07-31 Quarter: 2015-06-30
10-Q 2015-05-04 Quarter: 2015-03-31
10-K 2015-03-27 Annual: 2014-12-31
10-Q 2014-11-07 Quarter: 2014-09-30
8-K 2020-02-05 Regulation FD, Exhibits
8-K 2020-01-28 Earnings, Regulation FD, Other Events, Exhibits
8-K 2019-12-12 Regulation FD, Exhibits
8-K 2019-11-12 Other Events, Exhibits
8-K 2019-11-12 Regulation FD, Exhibits
8-K 2019-09-23 Earnings, Exhibits
8-K 2019-09-03 Regulation FD, Exhibits
8-K 2019-08-13 Regulation FD, Exhibits
8-K 2019-08-13 Regulation FD, Exhibits
8-K 2019-07-23 Regulation FD, Exhibits
8-K 2019-07-22 Earnings, Regulation FD, Other Events, Exhibits
8-K 2019-05-21 Shareholder Vote, Exhibits
8-K 2019-05-15 Regulation FD, Exhibits
8-K 2019-05-06 Regulation FD, Exhibits
8-K 2019-04-23 Regulation FD, Exhibits
8-K 2019-04-22 Earnings, Regulation FD, Other Events, Exhibits
8-K 2019-02-13 Regulation FD, Exhibits
8-K 2019-01-29 Regulation FD, Exhibits
8-K 2019-01-28 Earnings, Regulation FD, Other Events, Exhibits
8-K 2019-01-02 M&A, Officers, Regulation FD, Exhibits
8-K 2019-01-02
8-K 2018-11-28 Other Events, Exhibits
8-K 2018-11-15 Shareholder Vote, Other Events
8-K 2018-11-06 Regulation FD, Other Events, Exhibits
8-K 2018-10-23 Officers
8-K 2018-10-22 Earnings, Regulation FD, Other Events, Exhibits
8-K 2018-10-12 Other Events, Exhibits
8-K 2018-08-01 Regulation FD, Other Events, Exhibits
8-K 2018-07-24 Regulation FD, Other Events, Exhibits
8-K 2018-07-24 Enter Agreement, Exhibits
8-K 2018-07-23 Earnings, Regulation FD, Exhibits
8-K 2018-05-16 Other Events
8-K 2018-05-15 Shareholder Vote
8-K 2018-04-26 Officers
8-K 2018-04-23 Earnings, Regulation FD, Exhibits
8-K 2018-02-26 Earnings, Regulation FD, Exhibits
8-K 2018-01-29 Earnings, Regulation FD, Exhibits
8-K 2018-01-03 Regulation FD, Exhibits

Veritex Holdings Financials

VBTX Metrics, Comps, Filings

Annual | Quarterly

Business

Veritex Holdings, Inc. is a Texas corporation and bank holding company headquartered in Dallas, Texas. Through our wholly owned subsidiary, Veritex Community Bank, a Texas state chartered bank, we provide relationship-driven commercial banking products and services tailored to meet the needs of small to medium-sized businesses and professionals. Beginning at our inception in 2010, we initially targeted customers and focused our acquisitions primarily in the Dallas metropolitan area, which we consider to be Dallas and the adjacent communities in North Dallas. Our current primary market now includes the broader Dallas-Fort Worth metroplex and the Houston metropolitan area. As we continue to grow, we may expand to other metropolitan banking markets in Texas.

On January 1, 2019, we completed our acquisition of Green Bancorp, Inc. ("Green"), the parent holding company of Green Bank, N.A. ("Green Bank"), a national banking association headquartered in Houston, Texas with 21 full-services branches in the Houston, Dallas and other markets. Under the terms of the definitive agreement for the acquisition, each outstanding share of Green common stock, Green restricted stock units subject to acceleration vesting upon change in control and Green options exchanged subject to accelerated vesting upon change in control was converted into the right to receive 0.79 shares of our common stock, with cash paid in lieu of fractional shares of our common stock. In connection with the definitive agreement, Green was merged with and into Veritex, with Veritex continuing as the surviving corporation and immediately thereafter, Green Bank was merged with and into Veritex Bank, with Veritex Bank continuing as the surviving bank. Additionally, certain executive officers and a number of other key employees of Green have entered into employment agreements with us, which provide for certain compensatory arrangements and severance entitlements upon an involuntary termination following the closing date of the acquisition. Our primary reason for the transaction was to further solidify our market share in the Texas market.

After completing the Green acquisition, Veritex became one of the ten largest banks headquartered in Texas. Veritex Bank now has 43 full-service branch locations in Texas, with a concentration in the Dallas-Fort Worth and Houston metroplexes.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Westamerica Bancorporation (WABC) 1,651 16.5 1% 5,523 4,830 0 0 75 100 1,651
Park National (PRK) 1,629 10.4 1% 8,657 7,723 0 0 99 170 1,777
NBT Bancorp (NBTB) 1,609 0% 7.3 1% 9,636 8,561 63 0 118 195 1,420
Heartland Financial (HTLF) 1,560 0% 3.3 1% 12,160 10,639 77 0 143 281 918
First Busey (BUSE) 1,444 4.8 1% 9,613 8,409 0 0 102 213 1,024
Veritex Holdings (VBTX) 1,391 8.0 1% 8,010 6,805 0 0 53 141 1,125
First Commonwealth Financial (FCF) 1,319 8.0 1% 8,071 7,049 0 0 104 182 1,457
Sandy Spring Bancorp (SASR) 1,292 4.2 1% 8,399 7,279 0 0 113 251 1,060
Seacoast Banking of Florida (SBCF) 1,278 7.3 1% 6,825 5,895 0 0 78 154 1,118
Tompkins Financial (TMP) 1,261 0% 7.8 1% 6,654 5,997 67 0 80 151 1,180
S&T Bancorp (STBA) 1,255 6.4 1% 7,335 6,370 0 0 107 194 1,248
1st Source (SRCE) 1,228 6.8 1% 6,650 5,845 0 0 87 166 1,131
OFG Bancorp (OFG) 1,223 2.9 1% 6,464 5,419 0 0 95 185 545
FB Financial (FBK) 1,212 6.5 1% 5,940 5,222 0 0 77 161 1,048
City Holding (CHCO) 1,212 0% 8.1 2% 4,940 4,304 46 0 76 129 1,043
Lakeland Financial (LKFN) 1,164 0% 5.9 2% 4,976 4,410 0 0 85 164 968
Trico Bancshares (TCBK) 1,140 0% 7.4 1% 6,395 5,519 39 0 85 131 964
Enterprise Financial Services (EFSC) 1,101 5.7 1% 7,182 6,356 0 0 81 161 912
National Bank Holdings (NBHC) 1,092 8.2 1% 5,858 5,124 0 0 75 120 990
First Bancorp (FBNC) 1,076 4.7 2% 6,012 5,197 0 0 92 158 737

Balance Sheet ($MM)2014-12-312015-12-312016-12-312017-12-312018-12-31
Cash27159814984
Accounts Receivable
Inventory
PP&E1117177578
Assets1221401,1002,9463,209
Accounts Payable
Long-Term Debt
Liabilities8892,4572,678
Stockholders' Equity113132239489531
Income Statement ($MM)2014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue
Cost of Revenue
Gross Profit
R&D
SG&A01112
Tax3481311
Net Income59131539
Cash Flow ($MM)2014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating-1-1-12750
Cash Investing-15-4-10-125-400
Cash Financing41-89512285