Veritex Holdings, Inc. (NASDAQ:VBTX), the parent of Veritex Community Bank, posted second-quarter earnings that beat Wall Street projections, sending its shares up 1.1% after the announcement. While revenue came in just shy of expectations, profitability and credit metrics remained solid.
For the quarter ending June 30, 2025, the Dallas-based lender delivered adjusted earnings per share of $0.56, edging past the analyst consensus of $0.54. Revenue reached $109.83 million, slightly below the expected $110.59 million, but higher than the same period a year earlier.
Net interest income before provisioning rose 0.9% quarter-over-quarter to $96.3 million, with the net interest margin ticking up to 3.33%, compared to 3.31% in Q1. Credit quality held steady, with nonperforming assets representing 0.60% of total assets and annualized net charge-offs at just 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 loans held for investment (excluding the mortgage warehouse segment) declined by $44.7 million, landing at $8.78 billion. Deposits also saw a slight contraction, falling by $247.2 million to $10.42 billion from the end of March.
The board of directors declared a quarterly dividend of $0.22 per share, payable on August 21, 2025, to shareholders of record as of August 7.
Additionally, the company noted its previously announced merger agreement with Huntington Bancshares Incorporated (NASDAQ:HBAN). The transaction, revealed on July 14, is expected to be finalized in Q4 2025, pending regulatory and customary approvals.
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