Veritex holdings, inc. (VBTX)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12
Interest and dividend income:
Loans, including fees

340,813

134,460

73,795

44,681

33,680

27,236

22,755

20,619

Investment securities

29,484

6,605

3,462

1,409

997

839

613

655

Deposits in financial institutions and Fed Funds sold

5,540

3,149

2,287

503

241

182

132

108

Other investments

2,949

855

8

2

2

2

2

8

Total interest and dividend income

378,786

145,069

79,552

46,595

34,920

28,259

23,502

21,390

Interest expense:
Transaction and savings deposits

40,355

17,599

8,981

3,577

2,918

2,421

2,207

1,911

Certificates and other time deposits

38,675

9,714

897

1,411

-

-

-

-

Subordinated debentures and subordinated notes

9,984

1,701

531

0

-

-

-

-

Subordinated debentures and subordinated notes

4,675

1,031

635

-

-

-

-

-

Other borrowed funds

-

-

-

652

543

498

254

386

Total interest expense

93,689

30,045

11,044

5,640

3,461

2,919

2,461

2,297

Net interest income

285,097

115,024

68,508

40,955

31,459

25,340

21,041

19,093

Provision for credit losses

21,514

6,603

5,114

2,050

868

1,423

1,883

2,953

Net interest income after provision for credit losses

263,583

108,421

63,394

38,905

30,591

23,917

19,158

16,140

Noninterest income:
Service charges and fees on deposit accounts

14,334

3,420

2,502

1,846

1,326

1,099

1,001

700

Loan fees

7,782

1,332

657

320

-

-

-

-

Loss on sales of investment securities

-1,852

-64

222

15

7

34

-

-

Net gain on sales of loans and other assets owned

4,863

3,056

3,141

3,288

1,273

641

632

248

Rental income

1,481

1,654

139

0

-

-

-

-

Loss on sale of other assets owned

-

-

-

-

-

10

20

61

Bank-owned life insurance

-

-

-

-

747

427

385

180

Other

3,472

1,677

915

1,034

351

285

353

458

Total noninterest income

30,080

11,075

7,576

6,503

3,704

2,496

2,391

1,647

Noninterest expense:
Salaries and employee benefits

72,791

31,138

20,828

14,332

11,265

10,037

9,084

9,205

Occupancy and equipment

16,385

10,679

5,618

3,667

3,477

3,246

3,025

1,546

Professional and regulatory fees

11,597

7,282

4,158

2,804

2,023

1,382

737

-

Depreciation and amortization

-

-

-

-

-

-

-

1,059

Data processing and software expense

8,365

3,020

2,217

1,158

1,216

1,041

842

880

FDIC assessment fees

-

-

-

661

448

421

378

234

Marketing

3,259

1,783

1,293

983

799

588

417

-

Other assets owned expenses and write-downs

-

-

-

-

53

211

399

175

Amortization of intangibles

10,887

3,467

964

380

338

295

294

-

Legal fees

-

-

-

-

-

-

-

380

Other professional fees

-

-

-

-

-

-

-

668

Advertising and promotions

-

-

-

-

-

-

-

167

Telephone and communications

1,847

1,299

720

402

263

226

226

399

Merger and acquisition expense

38,960

5,220

2,691

0

-

-

-

-

Other

13,712

5,371

4,300

2,003

1,506

1,056

962

1,459

Total noninterest expense

177,803

69,259

42,789

26,390

21,388

18,503

16,364

16,172

Income before income tax (benefit) expense

115,860

50,237

28,181

19,018

12,907

7,910

5,185

1,615

Income tax (benefit) expense

25,121

10,896

13,029

6,467

4,117

2,705

1,777

136

Net income

90,739

39,341

15,152

12,551

8,790

5,205

3,408

1,479

Preferred stock dividends

0

0

42

0

98

80

60

100

Net income allocated to common stockholders

90,739

39,341

15,110

12,551

8,692

5,125

3,348

1,379

Basic earnings per share (in dollars per share)

1.71

1.63

0.82

1.16

0.86

0.73

0.58

0.24

Diluted earnings per share (in dollars per share)

1.68

1.60

0.80

1.13

0.84

0.72

0.57

0.24