Texas

Veritex Holdings: fourth quarter earnings report

DALLAS (AP) _ Veritex Holdings Inc. (VBTX) reported fourth-quarter earnings of $39.9 million on Tuesday.

The Dallas bank said it posted a profit of 73 cents per share. Earnings adjusted for non-recurring costs were 74 cents per share.

The results fell short of Wall Street’s expectations. The average estimate of three analysts polled by Zacks Investment Research was 87 cents per share.

The bank holding company’s revenue for the reporting period amounted to $166.5 million. Its revenue, net of interest expense, was $120.4 million, beating Street’s projections.

For the year, the company reported earnings of $146.3 million, or $2.71 per share. Revenue was $417.5 million.

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This story was created by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access the Zacks stock report on VBTX at https://www.zacks.com/ap/VBTX.

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