Overview

* Veritex ( VBTX ) Q2 net income rises to $30.9 mln, diluted EPS at $0.56

* Company's net interest margin improves to 3.33% from 3.31% in Q1

Outlook

* Company expects merger with Huntington Bancshares to close in Q4 2025

Result Drivers

* NET INTEREST INCOME - Increase driven by higher interest income on loans and decreased interest expenses on certificates and subordinated debt

* NONINTEREST INCOME - Decrease primarily due to reduced government guaranteed loan income, partially offset by higher customer swap income

* NONINTEREST EXPENSE - Slight increase due to higher professional fees and marketing expenses, despite reduced salaries and benefits

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 EPS $0.56

Q2 Net $30.91

Income mln

Q2 Net 3.3%

Interest

Margin

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

* Wall Street's median 12-month price target for Veritex Holdings Inc ( VBTX ) is $30.00, about 9.3% below its July 17 closing price of $32.80

* The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)