Veritex holdings, inc. (VBTX)
CashFlow / TTM
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

87,466

90,739

71,513

53,043

36,360

39,341

32,773

29,020

22,442

15,152

15,084

13,278

12,836

12,551

11,935

11,096

9,779

8,790

7,906

6,729

6,071

5,205

0

0

0

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

16,014

15,933

14,099

11,302

9,096

7,077

6,598

5,678

4,377

2,836

2,080

1,773

1,756

1,704

1,597

1,579

1,487

1,418

1,358

1,319

1,331

1,339

0

0

0

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

0

-

0

0

0

-

0

0

43

-

52

11

10

8

0

0

0

-

-

-

-

-

-

-

-

Provision for credit losses

48,278

21,514

19,385

12,768

10,937

6,603

7,768

5,463

4,902

5,114

3,025

2,511

2,095

2,050

2,220

1,982

1,603

868

584

1,004

1,281

1,423

0

0

0

Provision for unfunded commitments

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of loan purchase discount

26,407

28,603

21,494

18,200

12,828

8,135

9,837

6,537

5,551

3,783

1,616

858

564

425

-50

10

158

194

-133

-308

-462

-483

0

0

0

Stock-based compensation expense

6,053

21,652

20,893

20,403

20,834

4,048

3,815

3,284

2,314

1,939

1,480

1,311

1,156

983

891

823

749

633

640

563

441

455

0

0

0

Compensation expense - liability-classified awards

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit from stock compensation

1,158

-205

-14

117

189

248

203

210

180

268

395

376

334

162

0

0

0

-

-

-

-

-

-

-

-

Amortization of other intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

Net amortization of premiums on investment securities

-3,268

-2,875

-2,340

-2,070

-1,942

-1,931

-2,032

-2,111

-1,958

-1,771

-1,532

-1,228

-1,140

-1,025

-850

-1,136

-776

-498

-1,077

-410

-216

-400

0

0

0

Unrealized loss (gain) on equity securities recognized in earnings

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in cash surrender value of bank-owned life insurance

0

-

0

0

0

-

0

0

586

-

595

602

610

618

623

628

621

613

538

462

399

341

0

0

0

Net loss on sales of investment securities

-1,080

-1,852

-1,500

-1,490

-844

-64

39

234

230

222

205

0

0

15

15

15

15

7

7

7

7

34

0

0

0

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

406

303

215

107

62

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sales of mortgage loans held for sale

220

475

536

571

598

708

803

820

928

942

-15

1,338

1,398

1,598

2,748

1,598

1,389

1,254

979

827

866

641

0

0

0

Gain on sales of SBA loans

1,589

4,388

5,580

4,855

4,185

2,348

1,079

1,497

1,788

1,940

3,252

2,230

1,975

1,690

0

0

0

-

-

-

-

-

-

-

-

Net gain on sales of other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19

25

-29

-5

10

0

0

0

Originations of loans held for sale

41,882

37,166

35,989

33,621

32,889

35,936

45,953

47,592

50,657

48,567

51,075

60,906

68,086

70,773

57,134

50,398

40,154

39,614

48,054

46,081

49,925

45,441

0

0

0

Proceeds from sales of loans held for sale

35,463

34,483

36,810

36,588

35,800

36,227

47,510

52,077

52,617

53,876

54,802

62,919

71,186

69,801

54,983

48,586

39,680

46,344

50,755

51,123

50,803

39,275

0

0

0

Write down on other real estate owned

-

-

-

-

-

156

156

193

193

37

37

0

50

114

0

0

0

-

-

-

-

-

-

-

-

Net loss (gain) on sale of branches

-

-

-

-

-

349

349

355

355

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of other investments

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Increase) decrease in accrued interest receivable and other assets

14,678

-2,196

2,159

7,654

939

425

222

-1,157

-3,452

1,204

630

1,564

1,691

1,728

1,087

-2,998

328

342

119

4,805

971

-1,178

0

0

0

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

8,800

-16,387

-10,156

-7,557

-8,562

969

2,708

-1,779

-11,940

-1,477

-1,023

1,535

8,882

999

73

-212

-257

72

343

183

462

360

0

0

0

Net cash provided by operating activities

125,814

103,960

87,049

63,625

54,995

50,388

49,163

44,288

24,967

26,662

18,684

15,820

23,255

10,860

10,245

13,768

10,346

16,207

11,718

8,393

7,704

2,233

0

0

0

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

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Cash settlement for sale of held for sale branches

-

-

-

-

-

-31,810

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of securities available for sale

799,845

745,297

1,130,503

1,113,007

902,190

811,055

859,347

874,014

854,607

839,963

393,388

370,835

379,314

357,187

352,508

347,599

348,119

344,813

326,725

323,920

316,950

310,983

0

0

0

Sales of securities available for sale

458,853

567,718

264,258

264,258

119,538

40,822

72,665

190,830

190,018

159,869

118,165

0

0

8,378

5,879

8,379

8,379

3,779

6,278

3,778

3,778

981

0

0

0

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

217,911

131,788

797,036

770,382

746,823

731,572

781,000

779,392

775,855

773,702

321,668

317,875

316,907

319,377

320,327

319,188

317,908

314,029

311,097

310,741

310,884

310,334

0

0

0

Maturity, calls and paydowns of securities held to maturity

1,306

1,249

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of other investments, net

-7,343

-23,577

3,557

-4,392

-3,686

-9,090

20,000

15,794

9,546

2,481

-10,224

-6,026

-4,564

-3,199

4,837

3,799

3,139

762

-2,710

-1,839

-2,429

-1,425

0

0

0

Net loans originated

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loans originated

-

-

-

-

-

344,737

259,174

277,642

306,858

229,402

272,369

226,696

160,374

190,184

178,288

203,113

191,079

135,977

84,984

104,487

116,012

109,175

0

0

0

Proceeds from sale of SBA loans

53,068

69,218

67,315

58,216

23,189

29,010

15,525

22,515

52,151

30,355

44,847

33,969

25,987

20,574

0

0

0

-

-

-

-

-

-

-

-

Net additions to bank premises and equipment

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net additions to bank premises and equipment

-

-

-

-

-

5,013

41,557

40,894

40,469

40,571

2,404

1,882

1,399

1,075

1,014

1,281

1,838

2,392

2,432

1,827

2,749

2,243

0

0

0

Proceeds from sales of other real estate owned and repossessed assets

-

-

-

-

-

291

2,050

1,714

2,211

1,920

0

0

0

-

-

-

-

124

1,464

2,415

2,761

2,817

0

0

0

Net cash (used in) provided by investing activities

-562,240

-46,339

-150,377

-210,203

-143,014

-400,010

-307,492

-225,398

-203,086

-124,855

-190,934

-247,780

-200,027

-203,316

-201,552

-205,713

-194,627

-145,973

-91,298

-121,317

-125,715

-116,700

0

0

0

Cash flows from financing activities:
Net change in deposits

-504,560

-195,761

-246,831

205,037

343,451

344,101

339,330

138,679

131,465

18,065

99,075

183,378

275,638

251,220

234,610

257,197

180,377

132,241

100,638

61,932

95,571

64,805

0

0

0

Net change in advances from Federal Home Loan Bank

1,124,850

349,851

379,852

104,853

-95,146

-43,145

34,855

-10,143

-70,143

-47,142

-80,141

-140

-139

9,862

19,863

7,872

19,907

-15,059

0

0

0

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

Dividends paid on preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

98

80

80

80

80

0

0

0

Net change in securities sold under agreement to repurchase

-352

-873

-439

-415

14,552

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments to tax authorities for stock-based compensation

3,673

1,346

1,381

1,431

1,548

593

607

566

601

318

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of employee stock options

6,487

3,938

2,818

1,820

1,327

454

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock warrants

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of treasury stock

136,358

94,533

58,787

29,815

7,732

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,438

0

0

0

Offering costs paid in connection with acquisitions

-

-

-

-

-

-

-

-

-

772

426

16

16

0

0

0

0

-

-

-

-

-

-

-

-

Net cash provided by financing activities

527,795

109,480

54,130

265,660

232,298

285,027

368,743

154,704

87,578

12,446

145,039

277,862

370,124

355,696

246,385

255,920

191,120

108,066

135,356

109,643

131,400

131,072

0

0

0

Net increase in cash and cash equivalents

91,369

167,101

-9,198

119,082

144,279

-64,595

110,414

-26,406

-90,541

-85,747

-27,211

45,902

193,352

163,240

55,078

63,975

6,839

-21,700

55,776

-3,281

13,389

16,605

0

0

0

Supplemental Disclosures of Cash Flow Information:
Cash paid for interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net foreclosure of other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0