For the quarter ended March 2024, Veritex Holdings (VBTX) reported income of $99.47 million, down 14.9% over the identical interval final 12 months. EPS got here in at $0.53, in comparison with $0.79 within the year-ago quarter.
The reported income represents a shock of -9.33% over the Zacks Consensus Estimate of $109.7 million. With the consensus EPS estimate being $0.59, the EPS shock was -10.17%.
Whereas buyers intently watch year-over-year modifications in headline numbers — income and earnings — and the way they examine to Wall Road expectations to find out their subsequent plan of action, some key metrics all the time present a greater perception into an organization’s underlying efficiency.
Since these metrics play an important function in driving the top- and bottom-line numbers, evaluating them with the year-ago numbers and what analysts estimated about them helps buyers higher mission a inventory’s worth efficiency.
Right here is how Veritex Holdings carried out within the simply reported quarter by way of the metrics most generally monitored and projected by Wall Road analysts:
- Effectivity Ratio (GAAP): 62.5% versus 55.4% estimated by two analysts on common.
- Internet charge-offs to common loans excellent: 0.2% versus 0.3% estimated by two analysts on common.
- Internet Curiosity Margin: 3.2% in comparison with the three.3% common estimate based mostly on two analysts.
- Whole nonperforming loans held for funding (NPLs): $85.36 million in comparison with the $91.93 million common estimate based mostly on two analysts.
- Whole nonperforming property (NPAs): $103.81 million in comparison with the $93.83 million common estimate based mostly on two analysts.
- Common Excellent Stability – Whole interest-earning property: $11.52 billion versus the two-analyst common estimate of $11.52 billion.
- Whole Noninterest Earnings: $6.66 million in comparison with the $15.62 million common estimate based mostly on two analysts.
- Internet Curiosity Earnings: $92.81 million versus $94.09 million estimated by two analysts on common.
View all Key Company Metrics for Veritex Holdings here>>>
Shares of Veritex Holdings have returned +2.5% over the previous month versus the Zacks S&P 500 composite’s -4.2% change. The inventory at the moment has a Zacks Rank #3 (Maintain), indicating that it might carry out in step with the broader market within the close to time period.
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Veritex Holdings, Inc. (VBTX) : Free Stock Analysis Report
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