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Veritex Holdings: 4Q Earnings Snapshot

DALLAS (AP) _ Veritex Holdings Inc. (VBTX) on Monday reported fourth-quarter net income of $9.8 million.

The Dallas-based bank said it had earnings of 40 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, were 47 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 45 cents per share.

The bank holding company posted revenue of $41.8 million in the period. Its revenue net of interest expense was $32.3 million, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $30.7 million.

For the year, the company reported profit of $39.3 million, or $1.60 per share. Revenue was reported as $126.1 million.

Veritex Holdings shares have risen 13 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $24.24, a fall of 14 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VBTX at https://www.zacks.com/ap/VBTX