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Dallas-based Veritex Holdings, Inc. (NASDAQ:VBTX), a $1.33 billion market cap commercial bank showing strong profitability with a 14% revenue growth over the past year, announced the results of its annual shareholder meeting held on May 27, 2025. According to InvestingPro analysis, the company currently appears undervalued while maintaining an attractive 3.57% dividend yield. The company, which operates within the state commercial banks sector, disclosed the outcomes of the votes on several key proposals in a recent 8-K filing with the Securities and Exchange Commission.
At the 2025 Annual Meeting, shareholders elected all nominated directors for a one-year term. The directors will serve until the 2026 annual meeting or until their successors are elected and qualified. The election results showed a significant majority of votes in favor, with a relatively small number of votes withheld and broker non-votes. The company’s strong governance practices align with its solid financial performance, trading at an attractive P/E ratio of 11.9x relative to its near-term earnings growth potential.
Additionally, the shareholders approved the company’s 2025 Amended and Restated Omnibus Incentive Plan. The plan received a substantial number of affirmative votes against a smaller number of votes against and abstentions, along with broker non-votes.
In a non-binding advisory vote, the compensation of Veritex Holdings’ named executive officers was approved by the shareholders. The vote count indicated strong support for the executive compensation package, despite some votes against and abstentions.
Furthermore, the appointment of Grant Thornton LLP as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2025, was ratified by the shareholders. The ratification received an overwhelming number of votes for, with minimal opposition and abstentions.
The filing, which serves as the source of this information, provides detailed vote counts for each proposal, including the number of votes for, votes against, votes abstained, and broker non-votes. The report was signed by C. Malcolm Holland, III, Chairman and Chief Executive Officer of Veritex Holdings, on Wednesday, May 28, 2025. For deeper insights into VBTX’s financial health and growth prospects, including additional ProTips and comprehensive analysis, visit InvestingPro, where you’ll find the detailed Pro Research Report covering what really matters for informed investment decisions.
In other recent news, Veritex Holdings Inc . reported its first-quarter 2025 earnings, which exceeded analysts’ expectations. The company achieved an earnings per share of $0.54, surpassing the forecasted $0.52. However, revenue slightly missed projections, coming in at $109.73 million compared to the expected $110.68 million. Despite this minor revenue shortfall, the company’s stock experienced a positive reaction from investors. Veritex Holdings has demonstrated operational improvements, including a reduced loan-to-deposit ratio and decreased reliance on wholesale funding. The company maintains a cautious outlook for 2025, expecting flat loan growth but anticipates potential growth in 2026. Additionally, Veritex Holdings has been focusing on government-guaranteed and commercial lending, which supports its stable revenue streams. Analyst firms have noted these developments, with some expressing confidence in the company’s future performance despite ongoing economic uncertainties.
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