Advertisement
New Zealand markets close in 4 hours 1 minute
  • NZX 50

    11,726.62
    -40.78 (-0.35%)
     
  • NZD/USD

    0.6141
    -0.0004 (-0.06%)
     
  • NZD/EUR

    0.5716
    -0.0001 (-0.02%)
     
  • ALL ORDS

    8,014.10
    -1.70 (-0.02%)
     
  • ASX 200

    7,773.40
    -4.70 (-0.06%)
     
  • OIL

    81.71
    +0.14 (+0.17%)
     
  • GOLD

    2,343.80
    -3.10 (-0.13%)
     
  • NASDAQ

    19,908.86
    +6.11 (+0.03%)
     
  • FTSE

    8,191.29
    +49.14 (+0.60%)
     
  • Dow Jones

    38,834.86
    +56.76 (+0.15%)
     
  • DAX

    18,131.97
    +63.76 (+0.35%)
     
  • Hang Seng

    17,915.55
    -20.57 (-0.11%)
     
  • NIKKEI 225

    38,703.58
    +221.47 (+0.58%)
     
  • NZD/JPY

    96.9190
    -0.0060 (-0.01%)
     

Veritex Holdings Full Year 2022 Earnings: EPS Misses Expectations

Veritex Holdings (NASDAQ:VBTX) Full Year 2022 Results

Key Financial Results

  • Revenue: US$389.7m (up 13% from FY 2021).

  • Net income: US$146.3m (up 4.8% from FY 2021).

  • Profit margin: 38% (down from 41% in FY 2021). The decrease in margin was driven by higher expenses.

  • EPS: US$2.75.

VBTX Banking Performance Indicators

  • Net interest margin (NIM): 3.59% (up from 3.24% in FY 2021).

  • Non-performing loans: 0.46% (down from 0.68% in FY 2021).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Veritex Holdings EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.4%.

ADVERTISEMENT

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are down 3.4% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Veritex Holdings.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Join A Paid User Research Session
You’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here