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Investing.com -- Veritex Holdings, Inc. (NASDAQ:VBTX), the parent company of Veritex Community Bank, reported second-quarter earnings that exceeded analyst expectations, while revenue came in slightly below forecasts. The company’s shares rose 1.1% following the announcement.
The Dallas-based bank reported adjusted earnings per share of $0.56 for the quarter ended June 30, 2025, surpassing the analyst consensus of $0.54. Revenue totaled $109.83 million, just below the consensus estimate of $110.59 million but up from the same quarter last year.
Net interest income before provision for credit losses was $96.3 million, a 0.9% increase from the previous quarter, while the net interest margin improved to 3.33% from 3.31% in the first quarter. The company’s credit quality remained strong with nonperforming assets representing 0.60% of total assets and annualized net charge-offs of 0.05% for the quarter.
"Our second quarter results demonstrate the resilience of our business model in the current economic environment," said Malcolm Holland, CEO of Veritex Holdings. "We continue to focus on maintaining strong credit quality while delivering consistent earnings growth for our shareholders."
Total (EPA:TTEF) loans held for investment, excluding mortgage warehouse, decreased by $44.7 million to $8.78 billion compared to the previous quarter. Total deposits were $10.42 billion, down $247.2 million from March 31, 2025.
The company’s board declared a quarterly cash dividend of $0.22 per share, payable on August 21, 2025, to shareholders of record as of August 7, 2025.
Veritex also noted that on July 14, 2025, it announced a definitive agreement to merge with Huntington Bancshares Incorporated (NASDAQ:HBAN), with the transaction expected to close in the fourth quarter of 2025, subject to regulatory approvals and customary closing conditions.
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