Veritex holdings, inc. (VBTX)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12
Cash flows from operating activities:
Net income

90,739

39,341

15,152

12,551

8,790

5,205

3,408

1,479

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of fixed assets and intangibles

15,933

7,077

2,836

1,704

1,418

1,339

1,266

1,059

Net (accretion) amortization of time deposit premium, debt discount, net and debt issuance costs

8,950

-2

-45

-

-

-

-

-

Net accretion of time deposit premium, debt discount, net and debt issuance costs

-

-

-

8

2

0

249

-

Provision for credit losses

21,514

6,603

5,114

2,050

868

1,423

1,883

2,953

Accretion of loan purchase discount

28,603

8,135

3,783

425

194

-483

-404

-1,150

Stock-based compensation expense

21,652

4,048

1,939

983

633

455

323

255

Compensation expense - liability-classified awards

1,403

0

0

-

-

-

-

-

Excess tax benefit from stock compensation

-205

248

268

162

0

0

-

-

Deferred tax expense

9,053

2,707

5,143

-1,366

-375

-

-

-

Amortization of other intangible assets

-

-

-

-

-

14

14

13

Net amortization of premiums on investment securities

-2,875

-1,931

-1,771

-1,025

-498

-400

371

-445

Unrealized loss (gain) on equity securities recognized in earnings

325

0

0

-

-

-

-

-

Change in cash surrender value of bank-owned life insurance

-

-

-

618

613

341

323

152

Net loss on sales of investment securities

-1,852

-64

222

15

7

34

-

-

Change in fair value of held for sale Small Business Administration ("SBA") loans using fair value option

303

0

0

-

-

-

-

-

Gain on sales of mortgage loans held for sale

475

708

942

1,598

1,254

641

632

248

Impairment on servicing asset

188

0

0

-

-

-

-

-

Gain on sales of SBA loans

4,388

2,348

1,940

1,690

0

-

-

-

Net gain on sales of other real estate owned

0

0

259

0

19

10

20

61

Writedowns of other real estate owned

-

-

-

-

-

-

-

48

Originations of loans held for sale

37,166

35,936

48,567

70,773

39,614

45,441

35,895

16,606

Proceeds from sales of loans held for sale

34,483

36,227

53,876

69,801

46,344

39,275

37,294

14,036

Write down on other real estate owned

0

156

37

114

0

0

-

-

Net loss (gain) on sale of branches

-474

349

0

0

-

-

-

-

Deferred tax benefit

-

-

-

-

-

-466

-

-

(Increase) decrease in accrued interest receivable and other assets

-2,196

425

1,204

1,728

342

-1,178

2,076

338

Increase (decrease) in accounts payable and other liabilities and accrued interest payable

-16,387

969

-1,477

999

72

360

683

-100

Net cash provided by operating activities

103,960

50,388

26,662

10,860

16,207

2,233

6,141

1,633

Cash flows from investing activities:
Cash settlement for sale of held for sale branches

7,153

-31,810

0

0

-

-

-

-

Purchases of securities available for sale

745,297

811,055

839,963

357,187

344,813

310,983

146,787

242,462

Sales of securities available for sale

567,718

40,822

159,869

8,378

3,779

981

120,000

239,997

Proceeds from maturities, calls and pay downs of available for sale securities

131,788

731,572

773,702

319,377

314,029

310,334

9,664

15,401

Purchases of securities held to maturity

8,084

0

0

-

-

-

-

-

Maturity, calls and paydowns of securities held to maturity

1,249

0

0

-

-

-

-

-

Purchases of other investments, net

-23,577

-9,090

2,481

-3,199

762

-1,425

-125

1,554

Net cash received in acquisition

-

-

-

-

-

0

-

-

Net loans originated

151,559

344,737

229,402

190,184

135,977

109,175

98,513

102,640

Proceeds from sale of SBA loans

69,218

29,010

30,355

20,574

7,365

0

-

-

Purchases of bank-owned life insurance

-

-

-

-

-

7,006

5,000

5,000

Net additions to bank premises and equipment

7,658

5,013

40,571

1,075

2,392

2,243

576

909

Net intangible assets and lease obligations related to the purchase of our corporate building

0

0

4,181

0

0

-

-

-

Proceeds from sales of other real estate owned and repossessed assets

0

291

1,920

0

124

2,817

1,566

1,462

Net cash (used in) provided by investing activities

-46,339

-400,010

-124,855

-203,316

-145,973

-116,700

-119,771

-95,705

Cash flows from financing activities:
Net change in deposits

-195,761

344,101

18,065

251,220

132,241

64,805

126,036

83,144

Net change in advances from Federal Home Loan Bank

349,851

-43,145

-47,142

9,862

-15,059

25,000

5,000

-

Net proceeds from sale of common stock in public offering

0

0

56,681

94,518

0

-

-

-

Redemption of subordinated debt

0

-15,000

10,375

0

-926

0

-

-

Issuance of subordinated note

75,000

0

0

-

-

-

-

-

Redemption of preferred stock

0

0

24,500

0

8,000

0

-

-

Dividends paid on preferred stock

0

0

227

0

98

80

60

100

Net change in securities sold under agreement to repurchase

-873

0

0

-

-

-

-

-

Payments to tax authorities for stock-based compensation

1,346

593

318

175

159

-

-

-

Issuance of subordinated notes

-

-

-

-

-

-

5,000

-

Purchase of common stock held in treasury

-

-

-

-

-

-

70

-

Proceeds from exercise of employee stock options

3,938

454

175

0

210

0

-

-

Proceeds from issuance of common stock, net of offering cost of $489 for December 31, 2016 and $4,574 for December 31, 2014

-

-

-

-

-

35,791

-

-

Excess tax benefit from stock compensation

-

-

-

162

0

0

-

-

Proceeds from payments on ESOP Loan

0

109

109

109

109

118

-

-

Purchase of treasury stock

94,533

0

0

-

-

-

-

-

Dividends paid

26,796

0

0

-

-

-

-

-

Proceeds from issuance of common stock, net offering cost of $61 for the year ended December 31, 2014

-

-

-

-

-

5,438

1,210

1,398

Offering costs paid in connection with acquisitions

0

899

772

0

252

0

-

-

Net cash provided by financing activities

109,480

285,027

12,446

355,696

108,066

131,072

137,116

84,442

Net increase in cash and cash equivalents

167,101

-64,595

-85,747

163,240

-21,700

16,605

23,486

-9,630

Supplemental Disclosures of Cash Flow Information:
Cash paid for interest

-

-

-

-

-

-

-

2,300

Cash paid for income taxes

-

-

-

-

-

-

-

900

Supplemental Disclosures of Non Cash Flow Information:
Net foreclosure of other real estate owned

-

-

-

-

-

-

-

3,158

Sovereign Bancshares, Inc.
Cash paid in excess of cash received for the acquisitions

0

0

11,440

0

-

-

-

-

Liberty Bancshares, Inc.
Cash paid in excess of cash received for the acquisitions

0

0

-32,375

0

-

-

-

-

Green Bancorp, Inc.
Cash paid in excess of cash received for the acquisitions

-112,710

0

0

-

-

-

-

-