Veritex Holdings (VBTX) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

For the quarter ended September 2024, Veritex Holdings (VBTX) reported revenue of $113.17 million, up 3.8% over the same period last year. EPS came in at $0.59, compared to $0.60 in the year-ago quarter.The reported revenue represents a surprise of +3.11% over the Zacks Consensus Estimate of $109.75 million. With the consensus EPS estimate being $0.56, the EPS surprise was +5.36%.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): 61.9% compared to the 57.1% average estimate based on two analysts. Net charge-offs to average loans outstanding: 0% compared to the 0.3% average estimate based on two analysts. Net Interest Margin: 3.3% versus 3.3% estimated by two analysts on average. Total nonperforming loans held for investment (NPLs): $58.27 million versus the two-analyst average estimate of $49.60 million. Total nonperforming assets (NPAs): $67.30 million versus the two-analyst average estimate of $72.68 million. Average Outstanding Balance - Total interest-earning assets: $12.05 billion compared to the $11.83 billion average estimate based on two analysts. Total Noninterest Income: $13.11 million versus the two-analyst average estimate of $11.57 million. Net Interest Income: $100.06 million versus the two-analyst average estimate of $98.17 million. View all Key Company Metrics for Veritex Holdings here>>>Shares of Veritex Holdings have returned +3.1% over the past month versus the Zacks S&P 500 composite's +2.8% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.Infrastructure Stock Boom to Sweep AmericaA massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.The only question is “Will you get into the right stocks early when their growth potential is greatest?”Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How To Profit From Trillions On Spending For Infrastructure >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Veritex Holdings, Inc. (VBTX): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks