- Veritex Holdings (VBTX, Financial) reported a net income of $30.9 million in Q2 2025 with an EPS of $0.56. - The bank declared a quarterly dividend of $0.22 per share, payable on August 21, 2025. - Veritex announced a merger agreement with Huntington Bancshares, anticipated to close in Q4 2025.
Veritex Holdings, Inc. (VBTX, Financial) announced strong financial results for the second quarter of 2025, reporting a net income of $30.9 million, which translates to $0.56 per diluted share. This reflects an increase from the previous quarter's $29.1 million, indicating resilience amidst economic challenges.
The bank reported a net interest margin of 3.33%, a slight improvement over the prior quarter. Credit quality remained stable, with a nonperforming assets to total assets ratio of 0.60% and minimal net charge-offs at 0.05%.
The company's capital position is robust, with a common equity Tier 1 capital ratio of 11.05%. The book value per share increased to $30.39, evidencing the company's strong financial health.
Veritex declared a quarterly dividend of $0.22 per share, which will be distributed on August 21, 2025, to shareholders of record as of August 7, 2025. Additionally, the company repurchased 286,291 shares during the quarter for $7.1 million.
A significant strategic move during the quarter was the announcement of a definitive merger agreement with Huntington Bancshares on July 14, 2025. The merger, expected to close in the fourth quarter of 2025, is subject to regulatory approvals and signifies a major step in Veritex's growth strategy.
