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Veritex Holdings (VBTX) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
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For the quarter ended June 2024, Veritex Holdings (VBTX - Free Report) reported revenue of $106.81 million, down 6.7% over the same period last year. EPS came in at $0.52, compared to $0.64 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $107.8 million, representing a surprise of -0.92%. The company delivered an EPS surprise of -1.89%, with the consensus EPS estimate being $0.53.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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): 59.1% versus the two-analyst average estimate of 58.2%.
Net charge-offs to average loans outstanding: 0.3% versus 0.3% estimated by two analysts on average.
Net Interest Margin: 3.3% compared to the 3.2% average estimate based on two analysts.
Total nonperforming loans held for investment (NPLs): $58.75 million versus $85.54 million estimated by two analysts on average.
Total nonperforming assets (NPAs): $83.01 million compared to the $95.29 million average estimate based on two analysts.
Average Outstanding Balance - Total interest-earning assets: $11.76 billion compared to the $11.80 billion average estimate based on two analysts.
Total Noninterest Income: $10.58 million compared to the $12.79 million average estimate based on two analysts.
Net Interest Income: $96.24 million versus the two-analyst average estimate of $95.01 million.
Shares of Veritex Holdings have returned +18.5% over the past month versus the Zacks S&P 500 composite's +2% 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 (VBTX) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended June 2024, Veritex Holdings (VBTX - Free Report) reported revenue of $106.81 million, down 6.7% over the same period last year. EPS came in at $0.52, compared to $0.64 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $107.8 million, representing a surprise of -0.92%. The company delivered an EPS surprise of -1.89%, with the consensus EPS estimate being $0.53.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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): 59.1% versus the two-analyst average estimate of 58.2%.
- Net charge-offs to average loans outstanding: 0.3% versus 0.3% estimated by two analysts on average.
- Net Interest Margin: 3.3% compared to the 3.2% average estimate based on two analysts.
- Total nonperforming loans held for investment (NPLs): $58.75 million versus $85.54 million estimated by two analysts on average.
- Total nonperforming assets (NPAs): $83.01 million compared to the $95.29 million average estimate based on two analysts.
- Average Outstanding Balance - Total interest-earning assets: $11.76 billion compared to the $11.80 billion average estimate based on two analysts.
- Total Noninterest Income: $10.58 million compared to the $12.79 million average estimate based on two analysts.
- Net Interest Income: $96.24 million versus the two-analyst average estimate of $95.01 million.
View all Key Company Metrics for Veritex Holdings here>>>Shares of Veritex Holdings have returned +18.5% over the past month versus the Zacks S&P 500 composite's +2% 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.