Compared to Estimates, Veritex Holdings (VBTX) Q3 Earnings: A Look at Key Metrics
For the quarter ended September 2023, Veritex Holdings (VBTX) reported revenue of $109.04 million, down 4.4% over the same period last year. EPS came in at $0.60, compared to $0.80 in the year-ago quarter.
The reported revenue represents a surprise of -2.30% over the Zacks Consensus Estimate of $111.6 million. With the consensus EPS estimate being $0.64, the EPS surprise was -6.25%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Veritex Holdings performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency Ratio (GAAP): 54.5% versus the two-analyst average estimate of 50%.
Net Interest Margin: 3.5% versus the two-analyst average estimate of 3.4%.
Average Outstanding Balance - Total interest-earning assets: $11.40 billion versus $11.51 billion estimated by two analysts on average.
Net charge-offs to average loans outstanding: 0.1% versus 0.3% estimated by two analysts on average.
Total Noninterest Income: $9.67 million versus the two-analyst average estimate of $13.20 million.
Net Interest Income: $99.36 million versus the two-analyst average estimate of $98.40 million.
View all Key Company Metrics for Veritex Holdings here>>>
Shares of Veritex Holdings have returned -3.4% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Veritex Holdings, Inc. (VBTX) : Free Stock Analysis Report
