Veritex Holdings, Inc.

Veritex Holdings, Inc.

Veritex Holdings, Inc.

Overview
Date Founded

2010

Headquarters

8214 Westchester Drive,Suite 800,Dallas, TX 75225

Type of Company

Public

Employees (Worldwide)

636

Industries

Retail & Commercial Banking
Accounting & Financial Services
Consumer Finance
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.

Contact Data
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In The News
Associated Press
October 26, 2021
Veritex Holdings: Q3 Earnings Snapshot
Associated Press Financial Wire
October 26, 2021
Veritex Holdings: Q3 Earnings Snapshot
SNL Financial
July 29, 2021
Veritex Holdings ups quarterly dividend
Executives & Employees

Chairman of the Board, Chief Executive Officer & President

Chief Financial Officer & Senior Executive Vice President

Chief Operating Officer & Senior Executive Vice President

Executive Vice President & Chief Risk Officer

Chief Information Officer & Senior Vice President

Chief Talent Officer

Senior Executive Vice President, Chief Credit Officer of the Bank

Senior Executive Vice President, Dallas Market President, Bank

Director & Executive Vice President

Senior Vice President

Board of Directors

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

President, Chief Executive Officer & Director at Carcon Industries & Construction LLC

Founder at Green Bancorp, Inc.

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

Former Executive Vice President at PNC Bank, NA

Founder at Velocity Bank Advisors

Chief Executive Officer, Founder & Director at Brook Partners

Chief Executive Officer at RGT Wealth Advisors LLC

President & Chief Executive Officer at Methodist Health System Foundation

President & Chief Executive Officer at TRC Capital Partners LLC

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Veritex Holdings, Inc.
Owners & Shareholders
Details Hidden

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.

Details Hidden

WMC’s value team employs an active, bottom-up fundamental investment process to build a diversified portfolio of high-quality companies with undervalued earnings potential. They believe that their focus on high-quality companies with limited downside risk will generate superior investment returns over the long term. For the emerging markets team, their investment philosophy is to invest in sound businesses that the team believes are mispriced by the market and can generate positive and sustainable earnings growth, thus enabling them to achieve economic profits over time. The firm’s investment philosophy for their convertible securities team is that proprietary fundamental research is the best way to identify solid companies with an attractive risk-adjusted return profile.

Details Hidden

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.

Recent Transactions
Details Hidden

Veritex Community Bank (Dallas, Texas), Veritex Holdings, Inc. purchase North Avenue Capital LLC

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

Details Hidden

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

Former Managing Director, Investment Banking Group at Sandler O'Neill & Partners LP

Key Stats and Financials As of 2020
Market Capitalization
$2.01B
Total Enterprise Value
$2.3B
Earnings Per Share
$1.48
Revenue
$367M
Net Profit
$73.9M
Total Equity
$1.2B
Debt TEV
0.46x
TEVNet Income
31.1x
Total Debt
$1.06B
Enterprise Value / Sales
6.27x
Three Year Compounded Annual Growth Rate Of Revenue
61.46%
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.

Competitors
Hilltop Holdings, Inc. Retail & Commercial Banking - Dallas, TX

Hilltop Holdings, Inc. engages in the provision of business and consumer banking services. It operates through the following segments: Banking, Broker-Dealer, Mortgage Origination and Insurance. The Banking segment includes business banking, personal banking, wealth and investment management. The Broker-Dealer segment includes the following lines of business: public finance, capital markets, retail, structured finance, clearing services and securities lending. The Mortgage Origination segment, through the Bank's subsidiary, Prime Lending, handles loan processing, underwriting and closings in-house. The Insurance segment operates through NLC, which provides fire and limited homeowners insurance for low value dwellings and manufactured homes. The company was founded in 1998 and is headquartered in Dallas, TX.

Cadence Bancorp LLC Holding Companies - Houston, TX

Cadence Bancorp LLC operates as a bank holding company. It offers commercial and personal banking and mortgage finance services. The company is headquartered in Birmingham, AL.

First Financial Bankshares, Inc. Retail & Commercial Banking - Abilene, TX

In 1834, a branch of the Second State Bank of Indiana - the earliest ancestor of First Financial Bank - opened to serve the people who had settled in Vigo County and the Wabash River Valley. Today, First Financial Bank is the oldest national bank in Indiana and the sixth oldest in the United States, still holding the 47th charter granted in the United States Anticipating passage of a state law that would allow multi-bank holding companies, the bank applied for approval from the Federal Reserve Board to establish such an entity. It received that approval in February 1983, and First Financial Corporation became the holding company for what was then Terre Haute First National Bank. In August 1984, First Financial Corporation became the first multi-bank holding company in the state of Indiana. The Corporation is the only publicly traded company headquartered in Vigo County and has been ranked among the top 100 most efficient bank holding companies in the United States. Through growth and mergers, First Financial has become a strong group of community banks. In 2003, unification of affiliate banks as First Financial Bank began. The Morris Plan of Terre Haute and Forrest Sherer Insurance, members of First Financial Corporation, were not included in the unification. The Corporation provides a financial services delivery system consisting of 69 banking centers in east-central Illinois and west-central Indiana, multiple insurance offices and more than 100 FirstPlus ATMs. More than one thousand people work together to support, manage and staff First Financial facilities in Indiana and Illinois. Ownership of First Financial and its holding company, First Financial Corporation, has remained in Terre Haute, making First Financial Bank the oldest continually operated business serving the area.

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