Veritex Holdings Past Earnings Performance
Past criteria checks 2/6
Veritex Holdings has been growing earnings at an average annual rate of 6.9%, while the Banks industry saw earnings growing at 17.4% annually. Revenues have been growing at an average rate of 9.9% per year. Veritex Holdings's return on equity is 5.3%, and it has net margins of 23.1%.
Key information
6.9%
Earnings growth rate
5.1%
EPS growth rate
| Banks Industry Growth | 10.6% |
| Revenue growth rate | 9.9% |
| Return on equity | 5.3% |
| Net Margin | 23.1% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Veritex Holdings makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 24 | 371 | 86 | 206 | 0 |
| 30 Jun 24 | 363 | 87 | 201 | 0 |
| 31 Mar 24 | 365 | 94 | 199 | 0 |
| 31 Dec 23 | 378 | 108 | 196 | 0 |
| 30 Sep 23 | 417 | 145 | 196 | 0 |
| 30 Jun 23 | 422 | 155 | 190 | 0 |
| 31 Mar 23 | 408 | 151 | 182 | 0 |
| 31 Dec 22 | 390 | 146 | 173 | 0 |
| 30 Sep 22 | 378 | 148 | 161 | 0 |
| 30 Jun 22 | 359 | 141 | 152 | 0 |
| 31 Mar 22 | 352 | 141 | 147 | 0 |
| 31 Dec 21 | 344 | 140 | 142 | 0 |
| 30 Sep 21 | 322 | 121 | 136 | 0 |
| 30 Jun 21 | 300 | 107 | 132 | 0 |
| 31 Mar 21 | 289 | 102 | 127 | 0 |
| 31 Dec 20 | 247 | 74 | 122 | 0 |
| 30 Sep 20 | 246 | 80 | 120 | 0 |
| 30 Jun 20 | 250 | 85 | 116 | 0 |
| 31 Mar 20 | 256 | 87 | 114 | 0 |
| 31 Dec 19 | 294 | 91 | 114 | 0 |
| 30 Sep 19 | 251 | 72 | 99 | 0 |
| 30 Jun 19 | 210 | 53 | 85 | 0 |
| 31 Mar 19 | 165 | 36 | 70 | 0 |
| 31 Dec 18 | 119 | 39 | 55 | 0 |
| 30 Sep 18 | 114 | 33 | 53 | 0 |
| 30 Jun 18 | 106 | 29 | 49 | 0 |
| 31 Mar 18 | 90 | 22 | 42 | 0 |
| 31 Dec 17 | 71 | 15 | 35 | 0 |
| 30 Sep 17 | 57 | 15 | 28 | 0 |
| 30 Jun 17 | 49 | 13 | 25 | 0 |
| 31 Mar 17 | 47 | 13 | 24 | 0 |
| 31 Dec 16 | 45 | 13 | 23 | 0 |
| 30 Sep 16 | 43 | 12 | 22 | 0 |
| 30 Jun 16 | 41 | 11 | 21 | 0 |
| 31 Mar 16 | 37 | 10 | 20 | 0 |
| 31 Dec 15 | 34 | 9 | 19 | 0 |
| 30 Sep 15 | 32 | 8 | 18 | 0 |
| 30 Jun 15 | 29 | 7 | 18 | 0 |
| 31 Mar 15 | 28 | 6 | 17 | 0 |
| 31 Dec 14 | 26 | 5 | 17 | 0 |
| 30 Sep 14 | 25 | 4 | 16 | 0 |
| 30 Jun 14 | 24 | 4 | 15 | 0 |
| 31 Mar 14 | 23 | 4 | 15 | 0 |
| 31 Dec 13 | 22 | 3 | 14 | 0 |
Quality Earnings: 47Y has high quality earnings.
Growing Profit Margin: 47Y's current net profit margins (23.1%) are lower than last year (34.7%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 47Y's earnings have grown by 6.9% per year over the past 5 years.
Accelerating Growth: 47Y's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 47Y had negative earnings growth (-40.6%) over the past year, making it difficult to compare to the Banks industry average (13%).
Return on Equity
High ROE: 47Y's Return on Equity (5.3%) is considered low.