Veritex Holdings, Inc.

Veritex Holdings, Inc.

Veritex Holdings, Inc.

Overview
Date Founded

2009

Headquarters

8214 Westchester Drive,Suite 800,Dallas, TX 75225

Type of Company

Public

Employees (Worldwide)

676

Industries

Retail & Commercial Banking
Holding Companies

Company Description

Veritex Holdings, Inc. engages in the provision of commercial banking products and services to small to medium-sized businesses and professionals. It offers personal and business banking products; mortgages; and treasury services. The company was founded by Charles Malcolm Holland III in June 2009 and is headquartered in Dallas, TX.

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Executives & Employees

Chairman of the Board, Chief Executive Officer & President

Senior Executive Vice President, Chief Financial Officer

Executive Vice President & Chief Risk Officer

Chief Information Officer

Senior Executive Vice President, Dallas Market President, Bank

Senior Executive Vice President, Chief Credit Officer of the Bank

Executive Vice President

Director & Executive Vice President

Senior Vice President

Vice President

Board of Directors

Chairman of the Board, Chief Executive Officer & President at Veritex Holdings, Inc.

Founding Partner at SunTx Capital Partners LP

Chief Executive Officer at RGT Wealth Advisors LLC

Founder at Green Bancorp, Inc.

President & Chief Executive Officer at TRC Ventures LP

Former Chief Information Officer & Senior Vice President at Cox Enterprises, Inc.

Employee at Mission Centers of Houston

Co-Founder at Eagle Oil & Gas Co.

Chief Executive Officer, Founder & Director at Brook Partners

Director at Pittsburgh Zoo & PPG Aquarium

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Owners & Shareholders
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FJ Capital is a fundamentally-driven manager which focuses on opportunities in the financial services industry, with an emphasis on the US community/regional bank sector. The firm invests primarily in equity securities of under-followed, publicly traded US community banks. They construct portfolios using proprietary fundamental research to uncover value disparities in the small- and mid-cap banking sector. FJ Capital seeks to take advantage of these disparities by building core positions with longer-term holding periods. They also seek to generate attractive, risk-adjusted investment returns by uncovering opportunities with identifiable, near-term catalysts.

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ICM offers value investment solutions across the US equity market capitalization spectrum. In doing so, the firm utilizes two distinct investment processes – Small-Cap, SMID-Cap & Mid-Cap Value and Large-Cap/All-Cap Value. Both approaches employ a value-oriented investment method with a focus on fundamental analysis. ICM attempts to measure the value of a security by looking at economic and financial factors including the overall economy, industry conditions, and the financial condition and management of the company itself, to determine if the company is underpriced or overpriced.

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Hillcrest Asset Management manages tax-exempt, separate-account portfolios of value and core-oriented US equities. The firm's active small-cap value and core strategies seek to capture excess return through the use of a multi-factor stock selection model. The model weighs three factors: (1) earnings estimates by analysts (2) relative value and (3) projected future earnings growth. Portfolios are structured to capitalize on stock selection while minimizing exposure to other risks, such as beta, sector/industry exposures and investment style.Hillcrest's US Small Cap Core strategy seeks capital growth through investments in the stocks of companies with a market-cap of $200,000 to $2 million. The firm focuses on high-quality companies that have superior valuations relative to the market and earnings growth greater than the market. The expected tracking error target is 4% to 5% with an information ratio of 1. Portfolios typically hold 140 to 180 securities with an annual turnover of 38%. The strategy is benchmarked against the Russell 2000 Index.Hillcrest's US Small-Cap Value strategy seeks capital growth through investments in the stocks of companies with a market-cap of $200, 000 to $2 million. The firm focuses on high-quality companies that have superior valuations relative to the market and earnings growth greater than the market. The expected tracking error target is 4% to 5% with an information ratio of 1. Portfolios typically hold 60 to 70 securities with an annual turnover of 35%. The strategy is benchmarked against the Russell 2000 Value Index.The firm's US Small-Cap Deep Value strategy seeks capital growth through investments in the stocks of companies with a market-cap of $100,000 to $2 million. The firm focuses on high-quality companies that have superior valuations relative to the market and earnings growth greater than the market. The expected tracking error target is 6% to 7% with an information ratio of over 0.5%. Portfolios typically hold 25 to 30 securities with an annual turnover of 10% to 20%. The strategy is benchmarked against the Russell 2000 Value Index.Hillcrest's US Enhanced Large-Cap Core strategy seeks to consistently outperform the S&P 500 Index while maintaining a lower level of risk. The strategy invests in companies with a market-cap of $2 million to $475 million. The expected tracking error target is 2%. Portfolios typically hold 100 to 125 securities.

Recent Transactions
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Veritex Holdings, Inc. raised money in a private placement transaction

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Keystone Bank, NA (Austin, Texas), Keystone Bancshares, Inc. purchase Veritex Community Bank /1 Branch from Veritex Holdings, Inc.

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Veritex Holdings, Inc. purchases Green Bancorp, Inc.

Insider Transactions
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Transaction Advisors
Underwriter

Advised onVeritex Holdings, Inc. issued USD Common Stock

Legal Advisor

Advised onVeritex Holdings, Inc. issued USD Common Stock

Escrow Agent

Advised onVeritex Holdings, Inc. issued USD Common Stock

Legal Advisor

Advised onVeritex Holdings, Inc. issued USD Common Stock

Legal Advisor

Advised onVeritex Holdings, Inc. issued USD Common Stock

Professional

Advised onVeritex Holdings, Inc. issued USD Common Stock

Advisors & Consultants
Advisor

Principal, Investment Banking at Sandler O'Neill & Partners LP

Key Stats and Financials As of 2019
Market Capitalization
$840M
Total Enterprise Value
$2.35B
Earnings Per Share
$1.68
Revenue
$407M
Net Profit
$90.7M
Total Debt
$840M
Total Equity
$1.19B
Enterprise Value Sales
5.77x
TEVNet Income
25.87x
Debt TEV
0.36x
Three Year Compounded Annual Growth Rate Of Revenue
97.17%
Investors
Details Hidden

SunTx Capital Partners invests in middle-market companies in the infrastructure, manufacturing, services, financial services and distribution sectors. They focus on companies in the Sunbelt region. The firm looks for companies with a consistent history of increasing operating free cash flow and Leading market positions of specialty niches with potential for profitable growth both through acquisitions and increased relative market share (“RMS”),Under-performing businesses with clear opportunities for growth. The firm participates in MBOs, corporate spin-offs, consolidations, investments in underperforming companies, growth equity opportunities, generational transitions, recapitalizations and public-to-private transactions.

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