Veritex holdings, inc. (VBTX)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14
Cash flows from operating activities:
Net income

4,134

29,051

27,405

26,876

7,407

9,825

8,935

10,193

10,388

3,257

5,182

3,615

3,098

3,189

3,376

3,173

2,813

2,573

2,537

1,856

1,824

1,689

1,360

1,198

958

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

4,087

3,561

4,428

3,938

4,006

1,727

1,631

1,732

1,987

1,248

711

431

446

492

404

414

394

385

386

322

325

325

347

334

333

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

-588

-

-1,412

-2,147

-2,936

-

0

0

0

-

41

2

2

7

0

1

0

-

-

-

-

-

-

-

-

Provision for credit losses

31,776

3,493

9,674

3,335

5,012

1,364

3,057

1,504

678

2,529

752

943

890

440

238

527

845

610

0

148

110

326

420

425

252

Provision for unfunded commitments

3,881

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of loan purchase discount

4,320

8,362

7,232

6,493

6,516

1,253

3,938

1,121

1,823

2,955

638

135

55

788

-120

-159

-84

313

-60

-11

-48

-14

-235

-165

-69

Stock-based compensation expense

1,958

1,732

1,429

934

17,557

973

939

1,365

771

740

408

395

396

281

239

240

223

189

171

166

107

196

94

44

121

Compensation expense - liability-classified awards

0

-

-

-

708

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit from stock compensation

1,388

-111

-119

0

25

80

12

72

84

35

19

42

172

162

0

0

0

-

-

-

-

-

-

-

-

Amortization of other intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

1

-

-

4

3

Net amortization of premiums on investment securities

-895

-988

-774

-611

-502

-453

-504

-483

-491

-554

-583

-330

-304

-315

-279

-242

-189

-140

-565

118

89

-719

102

312

-95

Unrealized loss (gain) on equity securities recognized in earnings

-249

-

-

-

136

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in cash surrender value of bank-owned life insurance

480

-

512

502

492

-

148

147

144

-

148

145

147

155

155

153

155

160

160

146

147

85

84

83

89

Net loss on sales of investment securities

0

-438

0

-642

-772

-86

10

4

8

17

205

0

0

0

0

0

15

0

0

0

7

0

0

0

34

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

165

88

108

45

62

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sales of mortgage loans held for sale

-142

81

138

143

113

142

173

170

223

237

190

278

237

-720

1,543

338

437

430

393

129

302

155

241

168

77

Gain on sales of SBA loans

-604

455

822

916

2,195

1,647

97

246

358

378

515

537

510

1,690

-507

282

225

-

-

-

-

-

-

-

-

Net gain on sales of other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

21

0

-2

6

-33

24

13

Originations of loans held for sale

11,634

8,752

11,368

10,128

6,918

7,575

9,000

9,396

9,965

17,592

10,639

12,461

7,875

20,100

20,470

19,641

10,562

6,461

13,734

9,397

10,022

14,901

11,761

13,241

5,538

Proceeds from sales of loans held for sale

10,689

5,557

8,423

10,794

9,709

7,884

8,201

10,006

10,136

19,167

12,768

10,546

11,395

20,093

20,885

18,813

10,010

5,275

14,488

9,907

16,674

9,686

14,856

9,587

5,146

Write down on other real estate owned

-

-

-

-

-

0

0

0

156

0

37

0

0

0

0

50

64

-

-

-

-

-

-

-

-

Net loss (gain) on sale of branches

-

-

-

-

-

0

-6

0

355

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of other investments

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Increase) decrease in accrued interest receivable and other assets

13,141

-3,260

-5,000

9,797

-3,733

1,095

495

3,082

-4,247

892

-884

787

409

318

50

914

446

-323

-4,035

4,240

460

-546

651

406

-1,689

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

13,031

-7,764

47

3,486

-12,156

-1,533

2,646

2,481

-2,625

206

-1,841

-7,680

7,838

660

717

-333

-45

-266

432

-378

284

5

272

-99

182

Net cash provided by operating activities

39,730

28,458

35,470

22,156

17,876

11,547

12,046

13,526

13,269

10,322

7,171

-5,795

14,964

2,344

4,307

1,640

2,569

1,729

7,830

-1,782

8,430

-2,760

4,505

-2,471

2,959

Cash flows from investing activities:
Cash received in excess of cash paid for the acquisition of Green

0

-

0

0

-112,710

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Cash settlement for sale of held for sale branches

-

-

-

-

-

0

1,747

0

-33,557

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of securities available for sale

200,682

335,844

33,096

230,223

146,134

721,050

15,600

19,406

54,999

769,342

30,267

-1

40,355

322,767

7,714

8,478

18,228

318,088

2,805

8,998

14,922

300,000

0

2,028

8,955

Sales of securities available for sale

0

313,321

0

145,532

108,865

9,861

0

812

30,149

41,704

118,165

0

0

0

0

0

8,378

-2,499

2,500

0

3,778

0

0

0

981

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

107,743

41,709

36,385

32,074

21,620

706,957

9,731

8,515

6,369

756,385

8,123

4,978

4,216

304,351

4,330

4,010

6,686

305,301

3,191

2,730

2,807

302,369

2,835

2,873

2,257

Maturity, calls and paydowns of securities held to maturity

57

35

35

1,179

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of other investments, net

28,712

-49,909

8,280

5,574

12,478

-22,775

331

6,280

7,074

6,315

-3,875

32

9

-6,390

323

1,494

1,374

1,646

-715

834

-1,003

-1,826

156

244

1

Net loans originated

291,262

-

-

-

-6,244

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loans originated

-

-

-

-

-

127,682

23,057

78,534

115,464

42,119

41,525

107,750

38,008

85,086

-4,148

41,428

67,818

73,190

20,677

29,394

12,716

22,197

40,180

40,919

5,879

Proceeds from sale of SBA loans

8,384

21,470

10,590

12,624

24,534

19,567

1,491

-22,403

30,355

6,082

8,481

7,233

8,559

20,574

-2,397

-749

3,146

-

-

-

-

-

-

-

-

Net additions to bank premises and equipment

-1,342

-

-

-

2,590

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net additions to bank premises and equipment

-

-

-

-

-

1,819

1,720

1,179

295

38,363

1,057

754

397

196

535

271

73

135

802

828

627

175

197

1,750

121

Proceeds from sales of other real estate owned and repossessed assets

-

-

-

-

-

0

0

0

291

1,759

-336

497

0

-

-

-

-

0

76

0

48

1,340

1,027

346

104

Net cash (used in) provided by investing activities

-403,130

-5,533

32,087

-185,664

112,771

-109,571

-27,739

-118,475

-144,225

-17,053

54,355

-96,163

-65,994

-83,132

-2,491

-48,410

-69,283

-81,368

-6,652

-37,324

-20,629

-26,693

-36,671

-41,722

-11,614

Cash flows from financing activities:
Net change in deposits

-93,983

17,244

-286,032

-141,789

214,816

-33,826

165,836

-3,375

215,466

-38,597

-34,815

-10,589

102,066

42,413

49,488

81,671

77,648

25,803

72,075

4,851

29,512

-5,800

33,369

38,490

-1,254

Net change in advances from Federal Home Loan Bank

699,962

-75,037

239,962

259,963

-75,037

-45,036

-35,037

59,964

-23,036

32,964

-80,035

-36

-35

-35

-34

-35

9,966

9,966

-12,025

12,000

-25,000

-

-

-

-

Redemption of subordinated debt

-5,000

0

0

0

0

-

-

-

-

10,375

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Costs from issuance of stock related to stock-based awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

68

-

-

-

-

-

-

-

-

Dividends paid on preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

38

20

20

20

20

20

20

20

Net change in securities sold under agreement to repurchase

73

-434

-24

33

-448

0

0

15,000

-15,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments to tax authorities for stock-based compensation

3,606

57

6

4

1,279

92

56

121

324

106

15

156

41

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of employee stock options

3,422

1,547

998

520

873

427

0

27

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock warrants

109

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of treasury stock

49,557

35,746

28,972

22,083

7,732

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid

8,728

-

6,713

6,783

6,816

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

5,438

Offering costs paid in connection with acquisitions

-

-

-

-

-

-

-

-

-

346

410

0

16

0

0

0

0

-

-

-

-

-

-

-

-

Net cash provided by financing activities

542,692

-23,967

-80,787

89,857

124,377

-79,317

130,743

56,495

177,106

4,399

-83,296

-10,631

101,974

136,992

49,527

81,631

87,546

27,681

59,062

16,831

4,492

54,971

33,349

38,588

4,164

Net increase in cash and cash equivalents

179,292

-1,042

-13,230

-73,651

255,024

-177,341

115,050

-48,454

46,150

-2,332

-21,770

-112,589

50,944

56,204

51,343

34,861

20,832

-51,958

60,240

-22,275

-7,707

25,518

1,183

-5,605

-4,491

Supplemental Disclosures of Cash Flow Information:
Cash paid for interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

774

748

598

Supplemental Disclosures of Non Cash Flow Information:
Issuance of stock to ESOP

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

500

Net foreclosure of other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

50

1,060