Veritex Holdings, Inc. (VBTX) financial statements (2021 and earlier)

Company profile

Business Address 8214 WESTCHESTER DRIVE
DALLAS, TX 75225
State of Incorp. TX
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,2671,2273471492357293
Cash and cash equivalents231252841492357293
Short-term investments1,036975263    
Receivables 10570  
Total current assets:1,2671,2373521562357293
Noncurrent Assets
Operating lease, right-of-use asset1513
Property, plant and equipment1151197875171711
Intangible assets, net (including goodwill)433443177180292920
Goodwill371371161159272719
Intangible assets, net (excluding goodwill)62721620221
Deferred income tax assets 1
Amortization method qualified affordable housing project investments3342  
Total noncurrent assets:565580259257464732
Other undisclosed assets6,9896,1382,5972,5321,127921677
TOTAL ASSETS:8,8217,9553,2092,9461,4091,040802
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities01     
Taxes payable01     
Debt 75 681010 
Total current liabilities:076 681010 
Noncurrent Liabilities
Liabilities, other than long-term debt0132   
Qualified affordable housing project investments, commitment0132  
Total noncurrent liabilities:0132   
Other undisclosed liabilities7,6176,6872,6752,3871,159898689
Total liabilities:7,6176,7642,6782,4571,169908689
Stockholders' equity
Stockholders' equity attributable to parent1,2031,191531489239132113
Preferred stock      8
Common stock1100000
Treasury stock, value(152)(95)(0)(0)(0)(0)(0)
Additional paid in capital1,1261,11844944621111697
Accumulated other comprehensive income (loss)5619(3)(1)(1)(0)0
Retained earnings172148844529178
Unearned esop shares   (0)(0)(0)(0)
Total stockholders' equity:1,2031,191531489239132113
TOTAL LIABILITIES AND EQUITY:8,8217,9553,2092,9461,4091,040802

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues29235414182503729
Net investment income29134913876453427
Cost of revenue(57)(22)(7)(5)(2)(1)(1)
Provision for loan, lease, and other losses(57)(22)(7)
Financial services costs(5)(2)(1)(1)
Gross profit:23633313477483628
Operating expenses(53)(91)(32)(37)(25)(21)(17)
Other operating income, net
(Noninterest Income, Other Operating Income)
9331101
Operating income:19224510540241511
Nonoperating income2121110
Investment income, nonoperating212   0
Bank owned life insurance income   1110
Interest and debt expense(67)(94)(30)(11)(6)(3)(3)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(38)(37)(26)(2)00(0)
Income from continuing operations before income taxes:88116502819138
Income tax expense(14)(25)(11)(13)(6)(4)(3)
Net income attributable to parent:749139151395
Preferred stock dividends and other adjustments   (0) (0)(0)
Net income available to common stockholders, diluted:749139151395

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:749139151395
Other comprehensive income (loss)4(4)     
Comprehensive income:788739151395
Other undisclosed comprehensive income (loss), net of tax, attributable to parent3326(2)0(1)(0)0
Comprehensive income, net of tax, attributable to parent:11111338151185

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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