Tearsheet

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow


0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.2%, FCF Yield is 6.4%
Moderate capital ratio
Tier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 12%
 
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -85%
  
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 28%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 24%
  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.2%, FCF Yield is 6.4%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -85%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 28%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 24%
3 Moderate capital ratio
Tier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 12%

Market Valuation & Key Metrics

VBTX Stock


Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
VBTX Return-9%58%-27%-14%21%-100%
Peers Return-2%12%-18%18%1%14%22%
S&P 500 Return16%27%-19%24%23%16%110%

Monthly Win Rates [3]
VBTX Win Rate58%75%50%50%67%44% 
Peers Win Rate22%25%28%35%27%48% 
S&P 500 Win Rate58%75%42%67%75%67% 

Max Drawdowns [4]
VBTX Max Drawdown-63%-1%-32%-46%-21%-23% 
Peers Max Drawdown-19%-2%-23%-16%-10%-7% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: NEWT, ATLO, AVBC, LSBK, NU.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/30/2025 (YTD)

How Low Can It Go

Unique KeyEventVBTXS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-65.7%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven191.3%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-63.3%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven172.5%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven342 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-37.4%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven59.7%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven809 days120 days

Compare to NEWT, ATLO, AVBC, LSBK, NU


In The Past

Veritex's stock fell -65.7% during the 2022 Inflation Shock from a high on 11/10/2021. A -65.7% loss requires a 191.3% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Veritex (VBTX)

Better Bets than Veritex (VBTX)

Trade Ideas

Select past ideas related to VBTX. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
HLNE_9302025_Dip_Buyer_FCFYield09302025HLNEHamilton LaneDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-15.3%-15.3%-15.3%
CNS_9302025_Dip_Buyer_ValueBuy09302025CNSCohen & SteersDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
6.0%6.0%-1.6%
JKHY_9262025_Monopoly_xInd_xCD_Getting_Cheaper09262025JKHYJack Henry & AssociatesMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
0.3%0.3%-2.1%
FDS_9192025_Monopoly_xInd_xCD_Getting_Cheaper09192025FDSFactSet Research SystemsMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-7.0%-7.0%-7.7%
IBKR_9052025_Quality_Momentum_RoomToRun_10%09052025IBKRInteractive BrokersQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run
13.9%13.9%0.0%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
HLNE_9302025_Dip_Buyer_FCFYield09302025HLNEHamilton LaneDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-15.3%-15.3%-15.3%
CNS_9302025_Dip_Buyer_ValueBuy09302025CNSCohen & SteersDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
6.0%6.0%-1.6%
JKHY_9262025_Monopoly_xInd_xCD_Getting_Cheaper09262025JKHYJack Henry & AssociatesMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
0.3%0.3%-2.1%
FDS_9192025_Monopoly_xInd_xCD_Getting_Cheaper09192025FDSFactSet Research SystemsMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-7.0%-7.0%-7.7%
IBKR_9052025_Quality_Momentum_RoomToRun_10%09052025IBKRInteractive BrokersQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run
13.9%13.9%0.0%

Recent Active Movers

Recent Active Movers

More From Trefis

Peer Comparisons for Veritex

Financials

VBTXNEWTATLOAVBCLSBKNUMedian
NameVeritex NewtekOneAmes Nat.Avidia B.Lake Sho.Nu  
Mkt Price-10.2120.8414.7813.8616.0614.78
Mkt Cap1.60.30.2--77.50.9
Rev LTM4392576090268,967173
Op Inc LTM-------
FCF LTM105-37820-843,65712
FCF 3Y Avg141-19416-52,31716
CFO LTM122-37820-443,94112
CFO 3Y Avg148-19318-52,50618

Growth & Margins

VBTXNEWTATLOAVBCLSBKNUMedian
NameVeritex NewtekOneAmes Nat.Avidia B.Lake Sho.Nu  
Rev Chg LTM3.9%24.3%13.1%-2.1%23.7%13.1%
Rev Chg 3Y Avg8.7%28.3%-2.3%-0.0%70.1%8.7%
Rev Chg Q2.8%18.6%19.4%-16.5%20.4%18.6%
QoQ Delta Rev Chg LTM0.7%4.2%4.6%-4.0%5.0%4.2%
Op Mgn LTM-------
Op Mgn 3Y Avg-------
QoQ Delta Op Mgn LTM-------
CFO/Rev LTM27.7%-147.3%33.7%-4.2%17.4%44.0%22.6%
CFO/Rev 3Y Avg33.1%-97.4%31.7%-19.2%37.8%31.7%
FCF/Rev LTM24.0%-147.4%33.0%-8.3%15.3%40.8%19.7%
FCF/Rev 3Y Avg31.5%-97.5%27.6%-17.8%34.9%27.6%

Valuation

VBTXNEWTATLOAVBCLSBKNUMedian
NameVeritex NewtekOneAmes Nat.Avidia B.Lake Sho.Nu  
Mkt Cap1.60.30.2--77.50.9
P/S3.71.03.1--8.63.4
P/EBIT-------
P/E14.24.813.6--33.713.9
P/CFO13.5-0.79.2--19.711.3
Total Yield7.7%20.8%11.6%--3.0%9.6%
Dividend Yield0.7%0.0%4.2%--0.0%0.3%
FCF Yield 3Y Avg12.7%-62.0%9.6%--4.3%6.9%
D/E0.22.60.2--0.00.2
Net D/E-0.91.8-3.9---0.3-0.6

Returns

VBTXNEWTATLOAVBCLSBKNUMedian
NameVeritex NewtekOneAmes Nat.Avidia B.Lake Sho.Nu  
1M Rtn--9.3%3.1%-1.1%6.6%0.3%0.3%
3M Rtn--9.2%16.6%-12.6%31.4%14.6%
6M Rtn-0.2%20.7%--30.1%20.7%
12M Rtn--18.2%27.0%--2.1%2.1%
3Y Rtn--22.3%8.2%--221.2%8.2%
1M Excs Rtn--10.3%2.0%-2.1%4.6%4.1%2.0%
3M Excs Rtn--16.6%7.5%-8.4%4.6%23.9%4.6%
6M Excs Rtn--21.5%-1.0%--8.4%-1.0%
12M Excs Rtn--36.7%9.3%---13.4%-13.4%
3Y Excs Rtn--99.2%-68.6%--173.1%-68.6%

FDIC Bank Data

Financials

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Community banking449423333313315
Total449423333313315


Price Behavior

Short Interest

Short Interest: As Of Date10152025
Short Interest: Shares Quantity2,531,306
Short Interest: % Change Since 930202512.5%
Average Daily Volume1,459,928
Days-to-Cover Short Interest1.73
Basic Shares Quantity54,251,000
Short % of Basic Shares4.7%

Earnings Returns History

Expand for More

 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/18/2025-1.7%-2.1%-1.9%
4/22/20255.1%5.8%10.5%
1/28/2025-0.7%-0.3%-2.8%
10/22/20242.0%-0.1%6.7%
7/23/2024-1.7%3.1%-5.8%
4/23/20240.1%-6.2%3.4%
10/24/20230.2%2.2%15.4%
7/25/20231.3%4.8%-6.9%
...
SUMMARY STATS   
# Positive121414
# Negative121010
Median Positive1.6%3.6%8.6%
Median Negative-1.8%-1.5%-4.0%
Max Positive7.2%10.3%18.8%
Max Negative-7.0%-6.2%-10.8%

SEC Filings

Expand for More

Report DateFiling DateFiling
6302025801202510-Q 6/30/2025
3312025507202510-Q 3/31/2025
12312024303202510-K 12/31/2024
93020241108202410-Q 9/30/2024
6302024802202410-Q 6/30/2024
3312024506202410-Q 3/31/2024
12312023228202410-K 12/31/2023
93020231030202310-Q 9/30/2023
6302023808202310-Q 6/30/2023
3312023510202310-Q 3/31/2023
12312022228202310-K 12/31/2022
93020221104202210-Q 9/30/2022
6302022805202210-Q 6/30/2022
3312022510202210-Q 3/31/2022
12312021301202210-K 12/31/2021
93020211105202110-Q 9/30/2021

Insider Activity

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 OwnerTitleFiling DateActionPriceSharesTransacted
Value
Value of
Held Shares
Form
0Karaba Martin DominicChief Banking Officer9162025Sell34.352,20375,678 Form
1Sughrue John 8192025Sell32.005,669181,4081,620,864Form
2Sughrue John 8182025Sell32.027,652244,9821,856,349Form
3WILLIAM FALLON 8052025Sell30.687,220221,546435,451Form
4Sughrue John 11122024Sell30.454,775145,3992,274,250Form