Latest News by Industry
DALLAS (AP) — DALLAS (AP) — Veritex Holdings Inc. (VBTX) on Tuesday reported first-quarter profit of $24.2 million.
The bank, based in Dallas, said it had earnings of 44 cents per share. Earnings, adjusted for non-recurring costs, were 53 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share.
The bank holding company posted revenue of $191.2 million in the period. Its revenue net of interest expense was $99.5 million, also missing Street forecasts.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VBTX at https://www.zacks.com/ap/VBTX