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Veritex Holdings (VBTX) Reports Q4 Earnings: What Key Metrics Have to Say
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For the quarter ended December 2024, Veritex Holdings (VBTX - Free Report) reported revenue of $106.2 million, up 36.6% over the same period last year. EPS came in at $0.54, compared to $0.58 in the year-ago quarter.
The reported revenue represents a surprise of -6.27% over the Zacks Consensus Estimate of $113.3 million. With the consensus EPS estimate being $0.56, the EPS surprise was -3.57%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Veritex Holdings performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency Ratio (GAAP): 67% versus the two-analyst average estimate of 60.1%.
Net charge-offs to average loans outstanding: 0.2% versus the two-analyst average estimate of 0.3%.
Net Interest Margin: 3.2% compared to the 3.3% average estimate based on two analysts.
Total nonperforming loans held for investment (NPLs): $54.44 million versus the two-analyst average estimate of $56.41 million.
Total nonperforming assets (NPAs): $79.17 million versus the two-analyst average estimate of $67.79 million.
Average Outstanding Balance - Total interest-earning assets: $11.95 billion compared to the $12.14 billion average estimate based on two analysts.
Total Noninterest Income: $10.06 million versus the two-analyst average estimate of $13.55 million.
Net Interest Income: $96.14 million compared to the $99.68 million average estimate based on two analysts.
Shares of Veritex Holdings have returned -1.3% over the past month versus the Zacks S&P 500 composite's +0.8% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Veritex Holdings (VBTX) Reports Q4 Earnings: What Key Metrics Have to Say
For the quarter ended December 2024, Veritex Holdings (VBTX - Free Report) reported revenue of $106.2 million, up 36.6% over the same period last year. EPS came in at $0.54, compared to $0.58 in the year-ago quarter.
The reported revenue represents a surprise of -6.27% over the Zacks Consensus Estimate of $113.3 million. With the consensus EPS estimate being $0.56, the EPS surprise was -3.57%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Veritex Holdings performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio (GAAP): 67% versus the two-analyst average estimate of 60.1%.
- Net charge-offs to average loans outstanding: 0.2% versus the two-analyst average estimate of 0.3%.
- Net Interest Margin: 3.2% compared to the 3.3% average estimate based on two analysts.
- Total nonperforming loans held for investment (NPLs): $54.44 million versus the two-analyst average estimate of $56.41 million.
- Total nonperforming assets (NPAs): $79.17 million versus the two-analyst average estimate of $67.79 million.
- Average Outstanding Balance - Total interest-earning assets: $11.95 billion compared to the $12.14 billion average estimate based on two analysts.
- Total Noninterest Income: $10.06 million versus the two-analyst average estimate of $13.55 million.
- Net Interest Income: $96.14 million compared to the $99.68 million average estimate based on two analysts.
View all Key Company Metrics for Veritex Holdings here>>>Shares of Veritex Holdings have returned -1.3% over the past month versus the Zacks S&P 500 composite's +0.8% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.