8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (date of earliest event reported): April 23, 2024

VERITEX HOLDINGS, INC.

(Exact name of Registrant as specified in its charter) 

Texas	001-36682	27-0973566
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(I.R.S. Employer Identification Number)

8214 Westchester Drive, Suite 800

Dallas, Texas 75225

(Address of principal executive offices)

(972) 349-6200

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol	Name of each exchange on which registered
Common Stock, par value $0.01 per share	VBTX	Nasdaq Global Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Item 2.02 Results of Operations and Financial Condition

On April 23, 2024, Veritex Holdings, Inc. (the “Company”), the holding company for Veritex Community Bank, a Texas state chartered bank, issued a press release describing its results of operations for the first quarter and year ended March 31, 2024. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

    As provided in General Instruction B.2 to Form 8-K, the information furnished in this Item 2.02 (including Exhibit 99.1) of this Current Report on Form 8-K shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and such information shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 7.01 Regulation FD Disclosure

On Wednesday, April 24, 2024, at 8:30 a.m., Central Time, the Company will host an investor conference call and webcast to review its first quarter financial results. The webcast will include a slide presentation that consists of information regarding the Company’s operating and growth strategies and financial performance. The presentation materials will be posted on the Company’s website after the close of the market on Tuesday, April 23, 2024. The presentation materials are attached hereto as Exhibit 99.2 and are incorporated herein by reference.

    As provided in General Instruction B.2 to Form 8-K, the information furnished in this Item 7.01 (including Exhibit 99.2) of this Current Report on Form 8-K shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, and such information shall not be deemed incorporated by reference in any filing under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 8.01 Other Events

    After the close of the market on Tuesday, April 23, 2024, the Company issued a press release announcing the declaration of a quarterly cash dividend of $0.20 per share on its outstanding common stock. The dividend will be paid on May 24, 2024 to shareholders of record as of the close of business on May 10, 2024. The press release is attached hereto as Exhibit 99.3 and is incorporated herein by reference.

Forward Looking Statement

This earnings release includes “forward-looking statements”, within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on various facts and derived utilizing assumptions, current expectations, estimates and projections and are subject to known and unknown risks, uncertainties and other factors, which change over time and are beyond our control, that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements include, without limitation, statements relating to the expected payment of Veritex Holdings, Inc.’s (“Veritex”) quarterly cash dividend; the impact of certain changes in Veritex’s accounting policies, standards and interpretations; turmoil in the banking industry, responsive measures to mitigate and manage such turmoil and related supervisory and regulatory actions and costs; and Veritex’s future financial performance, business and growth strategy, projected plans and objectives, as well as other projections based on macroeconomic and industry trends, which are inherently unreliable due to the multiple factors that impact broader economic and industry trends, and any such variations may be material. Statements preceded by, followed by or that otherwise include the words “believes,” “expects,” “anticipates,” “intends,” “projects,” “estimates,” “seeks,” “targets,” “outlooks,” “plans” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may” and “could” are generally forward-looking in nature and not historical facts, although not all forward-looking statements include the foregoing words. We refer you to the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of Veritex’s Annual Report on Form 10-K for the year ended December 31, 2023 and any updates to those risk factors set forth in Veritex’s Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other filings with the Securities and Exchange Commission (“SEC”), which are available on the SEC’s website at www.sec.gov. If one or more events related to these or other risks or uncertainties materialize, or if Veritex’s underlying assumptions prove to be incorrect, actual results may differ materially from what Veritex anticipates. Accordingly, you should not place undue reliance on any such forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made. Veritex does not undertake any obligation, and specifically declines any obligation, to supplement, update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by law. All forward-looking statements, expressed or implied, included in this

earnings release are expressly qualified in their entirety by this cautionary statement. This cautionary statement should also be considered in connection with any subsequent written or oral forward-looking statements that Veritex or persons acting on Veritex’s behalf may issue.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits.

Exhibit Number	Description
99.1	Press release, dated April 23, 2024
99.2	Presentation materials
99.3	Dividend Announcement
104	Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.

SIGNATURE

    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Veritex Holdings, Inc.
By:	/s/ C. Malcolm Holland, III
	C. Malcolm Holland, III
	Chairman and Chief Executive Officer
Date:	April 23, 2024

EX-99.1

Exhibit 99.1

VERITEX HOLDINGS, INC. REPORTS FIRSTQUARTER 2024 OPERATING RESULTS

Dallas, TX — April 23, 2024 —Veritex Holdings, Inc. (“Veritex”, the “Company”, “we” or “our”) (Nasdaq: VBTX), the holding company for Veritex Community Bank, today announced the results for the quarter ended March 31, 2024.

“I am encouraged with the start of 2024. We continue to execute on our strategic positioning of our balance sheet with growth in deposits, capital and loans”, said C. Malcolm Holland, III. “Credit metrics remain stable and show positive trends as we gain momentum moving into the second quarter.”

	Quarter to Date
	Q1 2024			Q4 2023			Q1 2023
	(Dollars in thousands, except per share data) (unaudited)
GAAP
Net income	$	24,156		$	3,499		$	38,411
Diluted EPS	0.44			0.06			0.70
Book value per common share	28.23			28.18			27.54
Return on average assets1	0.79		%	0.11		%	1.28		%
Return on average equity1	6.33			0.92			10.55
Efficiency ratio	62.45			77.49			48.42
Non-GAAP2
Operating earnings	$	29,137		$	31,625		$	43,274
Diluted operating EPS	0.53			0.58			0.79
Tangible book value per common share	20.33			20.21			19.43
Pre-tax, pre-provision operating earnings	43,656			47,688			66,382
Pre-tax, pre-provision operating return on average assets1	1.42		%	1.54		%	2.20		%
Pre-tax, pre-provision operating return on average loans1	1.84			1.97			2.83
Operating return on average assets1	0.95			1.02			1.44
Return on average tangible common equity1	9.52			2.00			15.81
Operating return on average tangible common equity1	11.34			12.37			17.72
Operating efficiency ratio	58.73			55.50			45.63

1 Annualized ratio.

2 Refer to the section titled “Reconciliation of Non-GAAP Financial Measures” for a reconciliation of these non-generally accepted accounting principles (“GAAP”) financial measures to their most directly comparable GAAP measures.

Other First Quarter Metrics and Company Highlights

•Total deposits grew $1.62 billion, or 18%, compared to March 31, 2023;

•Total loans grew $46.4 million, or 0.5%, compared to March 31, 2023;

•Loan to deposit ratio decreased to 91.7% as of March 31, 2024 compared to 93.6% as of December 31, 2023 and 107.7% as of March 31, 2023;

•Loan to deposit ratio, excluding mortgage warehouse loans, decreased to 86.9% as of March 31, 2024 compared to 89.1% as of December 31, 2023 and 102.4% as of March 31, 2023;

•Tangible book value per common share increased 0.6%, or $0.12, as of March 31, 2024 compared to December 31, 2023, and increased 4.63% or $0.90 as of March 31, 2023;

•Allowance for credit losses (“ACL”) to total loans increased to 1.15%, compared to 1.14% as of December 31, 2023 and 1.02% as of March 31, 2023;

•Pre-tax, pre-provision operating return on average assets was 1.42% as of March 31, 2024;

•Announced authorization of a stock buyback program on March 28, 2024 to purchase up to $50 million of outstanding common stock over the course of a year as the Company deems appropriate;

•Sold $120.1 million of lower-yielding available-for-sale (“AFS”) debt securities with a 3.11% average yield and reinvested the proceeds in higher yielding AFS securities with a 6.24% average yield; and

•Declared quarterly cash dividend of $0.20 per share of outstanding common stock payable on May 24, 2024.

1

Results of Operations for the Three Months Ended March 31, 2024

Net Interest Income

For the three months ended March 31, 2024, net interest income before provision for credit losses was $92.8 million and net interest margin was 3.24% compared to $95.5 million and 3.31%, respectively, for the three months ended December 31, 2023. The $2.7 million decrease, or 2.9%, in net interest income before provision for credit losses was primarily due to a $3.5 million decrease in interest income on loans driven by a decrease in loan yields, a $817 thousand decrease in interest income on equity securities and other investments and a $559 thousand increase in interest expense on transaction and savings deposits driven by an increase in funding costs on deposits. The decrease in net interest income was partially offset by a $1.4 million increase in interest income on debt securities and a $1.2 million decrease on advances from the Federal Home Loan Bank (“FHLB”), during the three months ended March 31, 2024. Net interest margin decreased 7 bps compared to the three months ended December 31, 2023, primarily due to the increase in funding costs on deposits during three months ended March 31, 2024, partially offset by an increase in debt securities.

Compared to the three months ended March 31, 2023, net interest income before provision for credit losses for the three months ended March 31, 2024decreased by $10.6 million, or 10.2%. The decrease was primarily due to a $19.5 million increase in interest expense on certificates and other time deposits, a $16.9 million increase in interest expense on transaction and savings deposits and a $508 thousand decrease in interest income on equity securities and other investments. The decrease was partially offset by a $11.0 million decrease in advances from FHLB, a $10.2 million increase in interest income on loans driven by an increase in loan yields and average balances, a $2.7 million increase in interest income on debt securities and a $2.5 million increase in interest income on deposits in financial institutions and fed funds sold. Net interest margin decreased 45 bps from 3.69% for the three months ended March 31, 2023. The decrease was primarily due to the increase in funding costs on deposits during the three months ended March 31, 2024, partially offset by an increase in loan yields and debt securities.

Noninterest Income

Noninterest income for the three months ended March 31, 2024 was $6.7 million, an increase of $24.5 million, or 137.4%, compared to the three months ended December 31, 2023. The increase was primarily due to a $29.4 million loss in equity method investment income recorded in the three months ended December 31, 2023 related to a write down of our equity method investment in Thrive Mortgage, LLC ("Thrive") related to Thrive’s entry into a definitive agreement in December 2023 to be acquired by Lower Holding Company, which acquisition closed in March of 2024, with no corresponding or additional write down taken in the three months ended March 31, 2024. In addition, the increase was due to a $1.5 million increase in other income driven by a $1.3 million increase in BOLI income and a $1.3 million increase in loan fees. The increase was partially offset by a $6.3 million loss on sales of investment securities as a result of a strategic restructuring in which we sold $120.1 million of lower-yielding AFS securities, at amortized cost, with a 3.11% average yield, and reinvested the proceeds in higher yielding AFS securities with a 6.24% average yield.

Compared to the three months ended March 31, 2023, noninterest income for the three months ended March 31, 2024 decreased by $6.9 million, or 50.8%. The decrease was primarily due to a $7.1 million decrease in government guaranteed loan income, primarily driven by a decrease in the Company’s USDA sales, a $983 thousand decrease in loss on sales of investment securities and a $849 thousand decrease in other noninterest income.

Noninterest Expense

Noninterest expense was $62.1 million for the three months ended March 31, 2024, compared to $60.2 million for the three months ended December 31, 2023, an increase of $1.9 million, or 3.1%. The increase was primarily due to a $2.8 million increase in salaries and employee benefits and a $892 thousand increase in other noninterest expense. The increase is partially offset by a decrease of $1.6 million in professional and regulatory fees driven by FDIC insurance assessment expense, which includes a $768 thousand FDIC special assessment expense recorded in the fourth quarter 2023.

Compared to the three months ended March 31, 2023, noninterest expense for the three months ended March 31, 2024 increased by $5.5 million, or 9.7%. The increase was primarily due to a $3.0 million increase other noninterest expense, a $1.7 million increase in professional and regulatory fees driven by FDIC assessment fees that increased when the Company crossed $10 billion in total assets and a $1.5 million increase in salaries and employee benefits.

2

Financial Condition

Total loans held for investment (“LHI”) was $9.25 billion at March 31, 2024, an increase of $43.0 million, or 1.9% annualized, compared to December 31, 2023.

Total deposits were $10.65 billion at March 31, 2024, an increase of $315.6 million, or 12.2% annualized, compared to December 31, 2023. The increase was primarily the result of an increase of $295.1 million in certificates and other time deposits, an increase of $131.2 million in noninterest-bearing deposits and an increase of $17.7 million in correspondent money market account balances. The increase was partially offset by a decrease of $128.3 million in interest-bearing transaction and savings deposits.

Credit Quality

Nonperforming assets (“NPAs”) totaled $103.8 million, or 0.82% of total assets, at March 31, 2024, compared to $95.8 million, or 0.77% of total assets, at December 31, 2023. The Company had net charge-offs of $5.3 million for the three months ended March 31, 2024. Annualized net charge-offs to average loans outstanding were 22 bps for the three months ended March 31, 2024, compared to 40 bps and 4 bps for the three months ended December 31, 2023 and March 31, 2023, respectively.

ACL as a percentage of LHI was 1.15%, 1.14% and 1.02% at March 31, 2024, December 31, 2023 and March 31, 2023, respectively. The Company recorded a provision for credit losses of $7.5 million, $9.5 million and $9.4 million for the three months ended March 31, 2024, December 31, 2023 and March 31, 2023, respectively . The recorded provision for credit losses for the three months ended March 31, 2024, compared to the three months ended December 31, 2023, was primarily attributable to an increase in general reserves as a result of changes in economic factors. The Company recorded a benefit for unfunded commitments of $1.5 million for the three months ended March 31, 2024, a $1.5 million benefit for unfunded commitments for the three months ended December 31, 2023, and a $1.5 million provision for unfunded commitments for the three months ended March 31, 2023. The recorded benefit for unfunded commitments for the three months ended March 31, 2024, compared to the three months ended December 31, 2023, was attributable to a decrease in unfunded commitment balances partially offset by changes in economic factors.

Income Tax

Income tax expense for the three months ended March 31, 2024totaled $7.2 million, an increase of $1.2 million, or 20.5%, compared to the three months ended December 31, 2023. The Company’s effective tax rate was approximately 23.1% for the three months ended March 31, 2024. The effective tax rate for the three months ended March 31, 2024 was primarily due to a net discrete tax expense of $384 thousand associated with the recognition of an excess tax expense realized on share-based payment awards.

Dividend Information

After the close of the market on Tuesday, April 23, 2024, Veritex’s Board of Directors declared a quarterly cash dividend of $0.20 per share on its outstanding shares of common stock. The dividend will be paid on or after May 24, 2024 to stockholders of record as of the close of business on May 10, 2024.

Non-GAAP Financial Measures

Veritex’s management uses certain non-GAAP (U.S. generally accepted accounting principles) financial measures to evaluate its operating performance and provide information that is important to investors. However, non-GAAP financial measures are supplemental and should be viewed in addition to, and not as an alternative for, Veritex’s reported results prepared in accordance with GAAP. Specifically, Veritex reviews and reports tangible book value per common share; operating earnings; tangible common equity to tangible assets; return on average tangible common equity; pre-tax, pre-provision operating earnings; pre-tax, pre-provision operating return on average assets; pre-tax, pre-provision operating return on average loans; diluted operating earnings per share; operating return on average assets; operating return on average tangible common equity; and operating efficiency ratio. Veritex has included in this earnings release information related to these non-GAAP financial measures for the applicable periods presented. Please refer to “Reconciliation of Non-GAAP Financial Measures” after the financial highlights at the end of this earnings release for a reconciliation of these non-GAAP financial measures.

3

Conference Call

The Company will host an investor conference call and webcast to review the results on Wednesday, April 24, 2024, at 8:30 a.m. Central Time. Participants may pre-register for the call by visiting https://edge.media-server.com/mmc/p/tn7dvesw and will receive a unique PIN, which can be used when dialing in for the call.

Participants may also register via teleconference: https://register.vevent.com/register/BIc24bd6831f8f4f6ba885c40b9b8ffc95. Once registration is completed, participants will be provided with a dial-in number containing a personalized conference code to access the call. All participants are instructed to dial-in 15 minutes prior to the start time.

A replay will be available within approximately two hours after the completion of the call, and made accessible for one week thereafter. You may access the replay via webcast through the investor relations section of Veritex’s website.

About Veritex Holdings, Inc.

Headquartered in Dallas, Texas, Veritex is a bank holding company that conducts banking activities through its wholly owned subsidiary, Veritex Community Bank, with locations throughout the Dallas-Fort Worth metroplex and in the Houston metropolitan area. Veritex Community Bank is a Texas state chartered bank regulated by the Texas Department of Banking and the Board of Governors of the Federal Reserve System. For more information, visit www.veritexbank.com.

Media and Investor Relations:

investorrelations@veritexbank.com

Forward-Looking Statements

This earnings release includes “forward-looking statements”, within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on various facts and derived utilizing assumptions, current expectations, estimates and projections and are subject to known and unknown risks, uncertainties and other factors, which change over time and are beyond our control, that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.Forward-looking statements include, without limitation, statements relating to the expected payment of Veritex Holdings, Inc.’s (“Veritex”) quarterly cash dividend; the impact of certain changes in Veritex’s accounting policies, standards and interpretations; turmoil in the banking industry, responsive measures to mitigate and manage such turmoil and related supervisory and regulatory actions and costs; and Veritex’s future financial performance, business and growth strategy, projected plans and objectives, as well as other projections based on macroeconomic and industry trends, which are inherently unreliable due to the multiple factors that impact broader economic and industry trends, and any such variations may be material.Statements preceded by, followed by or that otherwise include the words “believes,” “expects,” “anticipates,” “intends,” “projects,” “estimates,”“seeks,” “targets,” “outlooks,” “plans” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may” and “could” are generally forward-looking in nature and not historical facts, although not all forward-looking statements include the foregoing words. We refer you to the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of Veritex’s Annual Report on Form 10-K for the year ended December 31, 2023 and any updates to those risk factors set forth in Veritex’s Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other filings with the Securities and Exchange Commission (“SEC”), which are available on the SEC’s website at www.sec.gov.If one or more events related to these or other risks or uncertainties materialize, or if Veritex’s underlying assumptions prove to be incorrect, actual results may differ materially from what Veritex anticipates.Accordingly, you should not place undue reliance on any such forward-looking statements.Any forward-looking statement speaks only as of the date on which it is made.Veritex does not undertake any obligation, and specifically declines any obligation, to supplement, update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by law. All forward-looking statements, expressed or implied, included in this earnings release are expressly qualified in their entirety by this cautionary statement. This cautionary statement should also be considered in connection with any subsequent written or oral forward-looking statements that Veritex or persons acting on Veritex’s behalf may issue.

4

VERITEX HOLDINGS, INC. AND SUBSIDIARIES

Financial Highlights

(Unaudited)

	For the Quarter Ended
	Mar 31, 2024			Dec 31, 2023			Sep 30, 2023			Jun 30, 2023			Mar 31, 2023
	(Dollars and shares in thousands, except per share data)
Per Share Data (Common Stock):
Basic EPS	$	0.44		$	0.06		$	0.60		$	0.62		$	0.71
Diluted EPS	0.44			0.06			0.60			0.62			0.70
Book value per common share	28.23			28.18			27.46			27.48			27.54
Tangible book value per common share1	20.33			20.21			19.44			19.41			19.43
Dividends paid per common share outstanding2	0.20			0.20			0.20			0.20			0.20
Common Stock Data:
Shares outstanding at period end	54,496			54,338			54,305			54,261			54,229
Weighted average basic shares outstanding for the period	54,444			54,327			54,300			54,247			54,149
Weighted average diluted shares outstanding for the period	54,842			54,691			54,597			54,486			54,606
Summary of Credit Ratios:
ACL to total LHI	1.15		%	1.14		%	1.14		%	1.05		%	1.02		%
NPAs to total assets	0.82			0.77			0.65			0.55			0.35
NPAs to total loans and OREO	1.06			0.99			0.83			0.70			0.46
Net charge-offs to average loans outstanding4	0.22			0.40			0.08			0.48			0.04
Summary Performance Ratios:
Return on average assets4	0.79		%	0.11		%	1.06		%	1.10		%	1.28		%
Return on average equity4	6.33			0.92			8.58			8.96			10.55
Return on average tangible common equity1, 4	9.52			2.00			12.80			13.35			15.81
Efficiency ratio	62.45			77.49			54.49			49.94			48.42
Net interest margin	3.24			3.31			3.46			3.51			3.69
Selected Performance Metrics - Operating:
Diluted operating EPS1	$	0.53		$	0.58		$	0.60		$	0.64		$	0.79
Pre-tax, pre-provision operating return on average assets1, 4	1.42		%	1.54		%	1.61		%	1.90		%	2.20		%
Pre-tax, pre-provision operating return on average loans1, 4	1.84			1.97			2.05			2.43			2.83
Operating return on average assets1,4	0.95			1.02			1.06			1.13			1.44
Operating return on average tangible common equity1,4	11.34			12.37			12.80			13.70			17.72
Operating efficiency ratio1	58.73			55.50			54.49			48.90			45.63
Veritex Holdings, Inc. Capital Ratios:
Average stockholders' equity to average total assets	12.43		%	12.27		%	12.30		%	12.23		%	12.09		%
Tangible common equity to tangible assets1	9.02			9.18			8.86			8.76			8.66
Tier 1 capital to average assets (leverage)	10.12			10.03			10.10			9.80			9.67
Common equity tier 1 capital	10.37			10.29			10.11			9.76			9.32
Tier 1 capital to risk-weighted assets	10.63			10.56			10.37			10.01			9.56
Total capital to risk-weighted assets	13.33			13.18			12.95			12.51			11.99

1Refer to the section titled “Reconciliation of Non-GAAP Financial Measures” after the financial highlights for a reconciliation of these non-GAAP financial measures to their most directly comparable GAAP measures.

2Dividend amount represents dividend paid per common share subsequent to each respective quarter end.

3Nonaccrual PCD loans consist of PCD loans that transitioned upon adoption of ASC 326 Financial Instruments - Credit Losses and were accounted for on a pooled basis that have subsequently been placed on nonaccrual status.

4Annualized ratio for quarterly metrics.

5

VERITEX HOLDINGS, INC. AND SUBSIDIARIES

Financial Highlights

(In thousands)

	Mar 31, 2024		Dec 31, 2023		Sep 30, 2023		Jun 30, 2023		Mar 31, 2023
	(unaudited)				(unaudited)		(unaudited)		(unaudited)
ASSETS
Cash and cash equivalents	$	740,769	$	629,063	$	713,408	$	663,921	$	808,395
Debt securities, net	1,344,930		1,257,042		1,060,629		1,144,020		1,150,959
Other investments	76,788		76,238		80,869		138,894		137,621
Loans held for sale (“LHFS”)	64,762		79,072		41,313		29,876		42,816
LHI, mortgage warehouse (“MW”)	449,531		377,796		390,767		436,255		437,501
LHI, excluding MW	9,249,551		9,206,544		9,237,447		9,257,183		9,237,159
Total loans	9,763,844		9,663,412		9,669,527		9,723,314		9,717,476
ACL	(112,032)		(109,816)		(109,831)		(102,150)		(98,694)
Bank-owned life insurance	85,359		84,833		84,867		84,375		84,962
Bank premises, furniture and equipment, net	105,299		105,727		106,118		105,986		107,540
Other real estate owned (“OREO”)	18,445		—		—		—		—
Intangible assets, net of accumulated amortization	38,679		41,753		44,294		48,293		51,086
Goodwill	404,452		404,452		404,452		404,452		404,452
Other assets	241,863		241,633		291,998		259,263		245,690
Total assets	$	12,708,396	$	12,394,337	$	12,346,331	$	12,470,368	$	12,609,487
LIABILITIES AND STOCKHOLDERS’ EQUITY
Deposits:
Noninterest-bearing deposits	$	2,349,211	$	2,218,036	$	2,363,340	$	2,234,109	$	2,212,389
Interest-bearing transaction and savings deposits	4,220,114		4,348,385		3,936,070		3,590,253		3,492,011
Certificates and other time deposits	3,486,805		3,191,737		3,403,427		2,928,949		2,896,870
Correspondent money market deposits	597,690		580,037		493,681		480,598		433,468
Total deposits	10,653,820		10,338,195		10,196,518		9,233,909		9,034,738
Accounts payable and other liabilities	186,027		195,036		229,116		190,900		171,985
Advances from FHLB	100,000		100,000		200,000		1,325,000		1,680,000
Subordinated debentures and subordinated notes	230,034		229,783		229,531		229,279		229,027
Total liabilities	11,169,881		10,863,014		10,855,165		10,979,088		11,115,750
Commitments and contingencies
Stockholders’ equity:
Common stock	611		610		609		609		609
Additional paid-in capital	1,319,144		1,317,516		1,314,459		1,311,687		1,308,345
Retained earnings	457,499		444,242		451,513		429,753		406,873
Accumulated other comprehensive loss	(71,157)		(63,463)		(107,833)		(83,187)		(54,508)
Treasury stock	(167,582)		(167,582)		(167,582)		(167,582)		(167,582)
Total stockholders’ equity	1,538,515		1,531,323		1,491,166		1,491,280		1,493,737
Total liabilities and stockholders’ equity	$	12,708,396	$	12,394,337	$	12,346,331	$	12,470,368	$	12,609,487

6

VERITEX HOLDINGS, INC. AND SUBSIDIARIES

Financial Highlights

(In thousands, except per share data)

	For the Quarter Ended
	Mar 31, 2024		Dec 31, 2023		Sep 30, 2023		Jun 30, 2023		Mar 31, 2023
	(unaudited)		(unaudited)		(unaudited)		(unaudited)		(unaudited)
Interest income:
Loans, including fees	$	161,942	$	165,443	$	167,368	$	163,727	$	151,707
Debt securities	13,695		12,282		10,928		10,166		10,988
Deposits in financial institutions and Fed Funds sold	8,050		8,162		7,128		7,507		5,534
Equity securities and other investments	900		1,717		1,691		1,118		1,408
Total interest income	184,587		187,604		187,115		182,518		169,637
Interest expense:
Transaction and savings deposits	46,784		46,225		39,936		32,957		29,857
Certificates and other time deposits	40,492		40,165		36,177		28,100		20,967
Advances from FHLB	1,391		2,581		8,523		17,562		12,358
Subordinated debentures and subordinated notes	3,114		3,100		3,118		3,068		3,066
Total interest expense	91,781		92,071		87,754		81,687		66,248
Net interest income	92,806		95,533		99,361		100,831		103,389
Provision for credit losses1	7,500		9,500		8,627		15,000		9,385
(Benefit) provision for unfunded commitments	(1,541)		(1,500)		(909)		(1,129)		1,497
Net interest income after provisions	86,847		87,533		91,643		86,960		92,507
Noninterest income:
Service charges and fees on deposit accounts	4,896		4,800		5,159		5,272		5,017
Loan fees	2,510		1,200		1,564		1,520		2,064
Loss on sales of debt securities	(6,304)		—		—		—		(5,321)
Government guaranteed loan income, net	2,614		4,378		1,772		4,144		9,688
Equity method investment (loss) income	—		(29,417)		(136)		485		(1,521)
Customer swap income	408		238		202		961		217
Other income	2,538		1,009		1,113		1,310		3,387
Total noninterest income (loss)	6,662		(17,792)		9,674		13,692		13,531
Noninterest expense:
Salaries and employee benefits	33,365		30,606		30,949		28,650		31,865
Occupancy and equipment	4,677		4,670		4,881		4,827		4,973
Professional and regulatory fees	6,053		7,626		7,283		6,868		4,389
Data processing and software expense	4,856		4,569		4,541		4,709		4,720
Marketing	1,546		1,945		2,353		2,627		1,779
Amortization of intangibles	2,438		2,438		2,437		2,468		2,495
Telephone and communications	261		356		362		355		478
Other	8,920		8,028		6,608		6,693		5,916
Total noninterest expense	62,116		60,238		59,414		57,197		56,615
Income before income tax expense	31,393		9,503		41,903		43,455		49,423
Income tax expense	7,237		6,004		9,282		9,725		11,012
Net income	$	24,156	$	3,499	$	32,621	$	33,730	$	38,411
Basic EPS	$	0.44	$	0.06	$	0.60	$	0.62	$	0.71
Diluted EPS	$	0.44	$	0.06	$	0.60	$	0.62	$	0.70
Weighted average basic shares outstanding	54,444		54,327		54,300		54,247		54,149
Weighted average diluted shares outstanding	54,842		54,691		54,597		54,486		54,606

1 Includes provision for credit losses on AFS securities of $885 thousand for the three months ended March 31, 2023.

7

VERITEX HOLDINGS, INC. AND SUBSIDIARIES

Financial Highlights

(Unaudited)

	For the Quarter Ended
	March 31, 2024						December 31, 2023						March 31, 2023
	Average Outstanding Balance		Interest Earned/ Interest Paid		Average Yield/ Rate		Average Outstanding Balance		Interest Earned/ Interest Paid		Average Yield/ Rate		Average Outstanding Balance		Interest Earned/ Interest Paid		Average Yield/ Rate
	(Dollars in thousands)
Assets
Interest-earning assets:
Loans1	$	9,283,815	$	157,585	6.83	%	$	9,280,439	$	161,021	6.88	%	$	9,141,137	$	146,801	6.51	%
LHI, MW	279,557		4,357		6.27		301,345		4,422		5.82		360,172		4,906		5.52
Debt securities	1,294,994		13,695		4.25		1,188,776		12,282		4.10		1,252,457		10,988		3.56
Interest-bearing deposits in other banks	584,593		8,050		5.54		587,929		8,162		5.51		478,345		5,534		4.69
Equity securities and other investments	76,269		900		4.75		82,271		1,717		8.28		124,985		1,408		4.57
Total interest-earning assets	11,519,228		184,587		6.44		11,440,760		187,604		6.51		11,357,096		169,637		6.06
ACL	(112,229)						(111,937)						(92,664)
Noninterest-earning assets	929,043						977,811						949,881
Total assets	$	12,336,042					$	12,306,634					$	12,214,313
Liabilities and Stockholders’ Equity
Interest-bearing liabilities:
Interest-bearing demand and savings deposits	$	4,639,445	$	46,784	4.06	%	$	4,547,911	$	46,225	4.03	%	$	4,150,995	$	29,857	2.92	%
Certificates and other time deposits	3,283,735		40,492		4.96		3,285,164		40,165		4.85		2,588,728		20,967		3.28
Advances from FHLB and Other	100,989		1,391		5.54		182,935		2,581		5.60		1,122,683		12,358		4.46
Subordinated debentures and subordinated notes	229,881		3,114		5.45		229,648		3,100		5.36		231,251		3,066		5.38
Total interest-bearing liabilities	8,254,050		91,781		4.47		8,245,658		92,071		4.43		8,093,657		66,248		3.32
Noninterest-bearing liabilities:
Noninterest-bearing deposits	2,355,315						2,322,555						2,470,700
Other liabilities	192,809						228,135						173,380
Total liabilities	10,802,174						10,796,348						10,737,737
Stockholders’ equity	1,533,868						1,510,286						1,476,576
Total liabilities and stockholders’ equity	$	12,336,042					$	12,306,634					$	12,214,313
Net interest rate spread2					1.97	%					2.08	%					2.74	%
Net interest income and margin3			$	92,806	3.24	%			$	95,533	3.31	%			$	103,389	3.69	%

1 Includes average outstanding balances of LHFS of $53.9 million, $31.2 million and $19.7 million for the quarters ended March 31, 2024, December 31, 2023, and March 31, 2023, respectively, and average balances of LHI, excluding MW.

2 Net interest rate spread is the average yield on interest-earning assets minus the average rate on interest-bearing liabilities.

3 Net interest margin is equal to net interest income divided by average interest-earning assets.

8

VERITEX HOLDINGS, INC. AND SUBSIDIARIES

Financial Highlights

(Unaudited)

Yield Trend

	For the Quarter Ended
	Mar 31, 2024		Dec 31, 2023		Sep 30, 2023		Jun 30, 2023		Mar 31, 2023
Average yield on interest-earning assets:
Loans1	6.83	%	6.88	%	6.92	%	6.85	%	6.51	%
LHI, MW	6.27		5.82		6.38		5.44		5.52
Total Loans	6.81		6.85		6.90		6.80		6.48
Debt securities	4.25		4.10		3.87		3.60		3.56
Interest-bearing deposits in other banks	5.54		5.51		5.43		5.16		4.69
Equity securities and other investments	4.75		8.28		4.94		3.25		4.57
Total interest-earning assets	6.44	%	6.51	%	6.51	%	6.36	%	6.06	%
Average rate on interest-bearing liabilities:
Interest-bearing demand and savings deposits	4.06	%	4.03	%	3.80	%	3.37	%	2.92	%
Certificates and other time deposits	4.96		4.85		4.55		3.92		3.28
Advances from FHLB	5.54		5.60		4.66		4.78		4.46
Subordinated debentures and subordinated notes	5.45		5.36		5.39		5.37		5.38
Total interest-bearing liabilities	4.47	%	4.43	%	4.21	%	3.86	%	3.32	%
Net interest rate spread2	1.97	%	2.08	%	2.30	%	2.50	%	2.74	%
Net interest margin3	3.24	%	3.31	%	3.46	%	3.51	%	3.69	%

1Includes average outstanding balances of LHFS of $53.9 million, $31.2 million, $28.3 million, $23.4 million and $19.7 million for the three months ended March 31, 2024, December 31, 2023, September 30, 2023, June 30, 2023, and March 31, 2023, respectively, and average balances of LHI, excluding MW.

2 Net interest rate spread is the average yield on interest-earning assets minus the average rate on interest-bearing liabilities.

3 Net interest margin is equal to net interest income divided by average interest-earning assets.

Supplemental Yield Trend

	For the Quarter Ended
	Mar 31, 2024		Dec 31, 2023		Sep 30, 2023		Jun 30, 2023		Mar 31, 2023
Average cost of interest-bearing deposits	4.43	%	4.38	%	4.12	%	3.61	%	3.06	%
Average costs of total deposits, including noninterest-bearing	3.42		3.37		3.15		2.73		2.24

9

VERITEX HOLDINGS, INC. AND SUBSIDIARIES

Financial Highlights

(Unaudited)

LHI and Deposit Portfolio Composition

	Mar 31, 2024					Dec 31, 2023					Sep 30, 2023					Jun 30, 2023					Mar 31, 2023
	(In thousands, except percentages)
LHI1
Commercial and Industrial (“C&I”)	$	2,785,987		30.1	%	$	2,752,063		29.9	%	$	2,841,024		30.7	%	$	2,850,084		30.7	%	$	2,895,957		31.3	%
Real Estate:
Owner occupied commercial (“OOCRE”)	788,376			8.5		794,088			8.6		697,299			7.5		671,602			7.2		631,563			6.8
Non-owner occupied commercial (“NOOCRE”)	2,352,993			25.5		2,350,725			25.5		2,398,060			26.1		2,509,731			27.1		2,505,344			27.1
Construction and land	1,568,257			16.9		1,734,254			18.8		1,705,053			18.4		1,659,700			17.9		1,831,349			19.8
Farmland	30,979			0.3		31,114			0.3		59,684			0.6		51,663			0.6		51,680			0.6
1-4 family residential	969,401			10.5		937,119			10.2		933,225			10.1		923,442			10.0		896,252			9.7
Multi-family residential	751,607			8.1		605,817			6.6		603,395			6.5		592,473			6.4		432,209			4.6
Consumer	8,882			0.1		10,149			0.1		9,845			0.1		11,189			0.1		8,316			0.1
Total LHI	$	9,256,482		100	%	$	9,215,329		100	%	$	9,247,585		100	%	$	9,269,884		100	%	$	9,252,670		100	%
MW	449,531					377,796					390,767					436,255					437,501
Total LHI1	$	9,706,013				$	9,593,125				$	9,638,352				$	9,706,139				$	9,690,171
Total LHFS	64,762					79,072					41,313					29,876					42,816
Total Loans	$	9,770,775				$	9,672,197				$	9,679,665				$	9,736,015				$	9,732,987
Deposits
Noninterest-bearing	$	2,349,211		22.1	%	$	2,218,036		21.5	%	$	2,363,340		23.2	%	$	2,234,109		24.2	%	$	2,212,389		24.5	%
Interest-bearing transaction	724,171			6.8		927,193			8.9		739,098			7.2		676,653			7.3		866,609			9.6
Money market	3,326,742			31.2		3,284,324			31.8		3,096,498			30.4		2,816,769			30.5		2,518,922			27.9
Savings	169,201			1.6		136,868			1.3		100,474			1.0		96,831			1.0		106,480			1.2
Certificates and other time deposits	3,486,805			32.7		3,191,737			30.9		3,403,427			33.4		2,928,949			31.7		2,896,870			32.0
Correspondent money market accounts	597,690			5.6		580,037			5.6		493,681			4.8		480,598			5.3		433,468			4.8
Total deposits	$	10,653,820		100	%	$	10,338,195		100	%	$	10,196,518		100	%	$	9,233,909		100	%	$	9,034,738		100	%
Total Loans to Deposits Ratio	91.7		%			93.6		%			94.9		%			105.4		%			107.7		%
LHI to Deposit Ratio, excluding MW loans	86.9		%			89.1		%			90.7		%			100.4		%			102.4		%

1Total LHI does not include deferred fees of $6.9 million, $8.8 million, $10.1 million, $12.7 million and $15.5 million at March 31, 2024, December 31, 2023, September 30, 2023, June 30, 2023 and March 31, 2023, respectively.

10

VERITEX HOLDINGS, INC. AND SUBSIDIARIES

Financial Highlights

(Unaudited)

Asset Quality

	For the Quarter Ended
	Mar 31, 2024			Dec 31, 2023			Sep 30, 2023			Jun 30, 2023			Mar 31, 2023
	(In thousands, except percentages)
NPAs:
Nonaccrual loans	$	75,721		$	79,133		$	65,676		$	54,055		$	31,452
Nonaccrual PCD loans1	9,419			13,715			13,718			13,721			12,784
Accruing loans 90 or more days past due2	220			2,975			474			528			296
Total nonperforming loans held for investment (“NPLs”)	85,360			95,823			79,868			68,304			44,532
Other real estate owned	18,445			—			—			—			—
Total NPAs	$	103,805		$	95,823		$	79,868		$	68,304		$	44,532
Charge-offs:
1-4 family residential	$	—		$	(21)		$	—		$	—		$	—
Multifamily				(192)			—			—			—
OOCRE	(120)			(364)			(375)			—			(116)
NOOCRE	(4,293)			(5,434)			—			(8,215)			—
C&I	(946)			(3,893)			(1,929)			(3,540)			(1,051)
Consumer	(71)			(33)			(49)			(92)			(62)
Total charge-offs	(5,430)			(9,937)			(2,353)			(11,847)			(1,229)
Recoveries:
1-4 family residential	1			1			—			1			1
NOOCRE	—			—			200			150			—
C&I	96			387			308			106			364
Consumer	49			34			14			46			6
Total recoveries	146			422			522			303			371
Net charge-offs	$	(5,284)		$	(9,515)		$	(1,831)		$	(11,544)		$	(858)
Provision for credit losses	$	7,500		$	9,500		$	8,627		$	15,000		$	9,385
ACL	$	112,032		$	109,816		$	109,831		$	102,150		$	98,694
Asset Quality Ratios:
NPAs to total assets	0.82		%	0.77		%	0.65		%	0.55		%	0.35		%
NPAs to total loans and OREO	1.06			0.99			0.83			0.70			0.46
NPLs to total LHI	0.88			1.00			0.83			0.70			0.46
NPLs, excluding nonaccrual PCD loans, to total LHI	0.78			0.86			0.69			0.56			0.33
ACL to total LHI	1.15			1.14			1.14			1.05			1.02
Net charge-offs to average loans outstanding3	0.22			0.40			0.08			0.48			0.04

1 Nonaccrual PCD loans consist of PCD loans that transitioned upon adoption of ASC 326 Financial Instruments - Credit Losses and were accounted for on a pooled basis that have subsequently been placed on nonaccrual status.

2 Accruing loans greater than 90 days past due exclude purchase credit deteriorated loans greater than 90 days past due that are accounted for on a pooled basis.

3Annualized ratio for quarterly metrics.

11

VERITEX HOLDINGS, INC. AND SUBSIDIARIES

Reconciliation of Non-GAAP Financial Measures

(Unaudited)

We identify certain financial measures discussed in this earnings release as being “non-GAAP financial measures.” In accordance with SEC rules, we classify a financial measure as being a non-GAAP financial measure if that financial measure excludes or includes amounts, or is subject to adjustments that have the effect of excluding or including amounts, that are included or excluded, as the case may be, in the most directly comparable measure calculated and presented in accordance with GAAP, in our statements of income, balance sheets or statements of cash flows. Non-GAAP financial measures do not include operating and other statistical measures or ratios calculated using exclusively either one or both of (i) financial measures calculated in accordance with GAAP and (ii) operating measures or other measures that are not non-GAAP financial measures.

The non-GAAP financial measures that we present in this earnings release should not be considered in isolation or as a substitute for the most directly comparable or other financial measures calculated in accordance with GAAP. Moreover, the manner in which we calculate the non-GAAP financial measures that we present in this earnings release may differ from that of other companies reporting measures with similar names. You should understand how such other financial institutions calculate their financial measures that appear to be similar or have similar names to the non-GAAP financial measures we have discussed in this earnings release when comparing such non-GAAP financial measures.

Tangible Book Value Per Common Share. Tangible book value is a non-GAAP measure generally used by financial analysts and investment bankers to evaluate financial institutions. We calculate: (a) tangible common equity as total stockholders’ equity less goodwill and core deposit intangibles, net of accumulated amortization; and (b) tangible book value per common share as tangible common equity (as described in clause (a)) divided by number of common shares outstanding. For tangible book value per common share, the most directly comparable financial measure calculated in accordance with GAAP is book value per common share.

We believe that this measure is important to many investors in the marketplace who are interested in changes from period to period in book value per common share exclusive of changes in core deposit intangibles. Goodwill and other intangible assets have the effect of increasing total book value while not increasing our tangible book value.

The following table reconciles, as of the dates set forth below, total stockholders’ equity to tangible common equity and presents our tangible book value per common share compared with our book value per common share:

	As of
	Mar 31, 2024		Dec 31, 2023		Sep 30, 2023		Jun 30, 2023		Mar 31, 2023
	(Dollars in thousands, except per share data)
Tangible Common Equity
Total stockholders' equity	$	1,538,515	$	1,531,323	$	1,491,166	$	1,491,280	$	1,493,737
Adjustments:
Goodwill	(404,452)		(404,452)		(404,452)		(404,452)		(404,452)
Core deposit intangibles	(26,057)		(28,495)		(30,933)		(33,371)		(35,808)
Tangible common equity	$	1,108,006	$	1,098,376	$	1,055,781	$	1,053,457	$	1,053,477
Common shares outstanding	54,496		54,338		54,305		54,261		54,229
Book value per common share	$	28.23	$	28.18	$	27.46	$	27.48	$	27.54
Tangible book value per common share	$	20.33	$	20.21	$	19.44	$	19.41	$	19.43

12

VERITEX HOLDINGS, INC. AND SUBSIDIARIES

Reconciliation of Non-GAAP Financial Measures

(Unaudited)

Tangible Common Equity to Tangible Assets. Tangible common equity to tangible assets is a non-GAAP measure generally used by financial analysts and investment bankers to evaluate financial institutions. We calculate: (a) tangible common equity as total stockholders’ equity, less goodwill and core deposit intangibles, net of accumulated amortization; (b) tangible assets as total assets less goodwill and core deposit intangibles, net of accumulated amortization; and (c) tangible common equity to tangible assets as tangible common equity (as described in clause (a)) divided by tangible assets (as described in clause (b)). For tangible common equity to tangible assets, the most directly comparable financial measure calculated in accordance with GAAP is total stockholders’ equity to total assets.

We believe that this measure is important to many investors in the marketplace who are interested in the relative changes from period to period in common equity and total assets, in each case, exclusive of changes in core deposit intangibles. Goodwill and other intangible assets have the effect of increasing both total stockholders’ equity and assets while not increasing our tangible common equity or tangible assets.

The following table reconciles, as of the dates set forth below, total stockholders’ equity to tangible common equity and total assets to tangible assets and presents our tangible common equity to tangible assets:

	As of
	Mar 31, 2024			Dec 31, 2023			Sep 30, 2023			Jun 30, 2023			Mar 31, 2023
	(Dollars in thousands)
Tangible Common Equity
Total stockholders' equity	$	1,538,515		$	1,531,323		$	1,491,166		$	1,491,280		$	1,493,737
Adjustments:
Goodwill	(404,452)			(404,452)			(404,452)			(404,452)			(404,452)
Core deposit intangibles	(26,057)			(28,495)			(30,933)			(33,371)			(35,808)
Tangible common equity	$	1,108,006		$	1,098,376		$	1,055,781		$	1,053,457		$	1,053,477
Tangible Assets
Total assets	$	12,708,396		$	12,394,337		$	12,346,331		$	12,470,368		$	12,609,487
Adjustments:
Goodwill	(404,452)			(404,452)			(404,452)			(404,452)			(404,452)
Core deposit intangibles	(26,057)			(28,495)			(30,933)			(33,371)			(35,808)
Tangible Assets	$	12,277,887		$	11,961,390		$	11,910,946		$	12,032,545		$	12,169,227
Tangible Common Equity to Tangible Assets	9.02		%	9.18		%	8.86		%	8.76		%	8.66		%

13

VERITEX HOLDINGS, INC. AND SUBSIDIARIES

Reconciliation of Non-GAAP Financial Measures

(Unaudited)

Return on Average Tangible Common Equity. Return on average tangible common equity is a non-GAAP measure generally used by financial analysts and investment bankers to evaluate financial institutions. We calculate: (a) net income available for common stockholders adjusted for amortization of core deposit intangibles (which we refer to as “return”) as net income, plus amortization of core deposit intangibles, less tax benefit at the statutory rate; (b) average tangible common equity as total average stockholders’ equity less average goodwill and average core deposit intangibles, net of accumulated amortization; and (c) return (as described in clause (a)) divided by average tangible common equity (as described in clause (b)). For return on average tangible common equity, the most directly comparable financial measure calculated in accordance with GAAP is return on average equity.

We believe that this measure is important to many investors in the marketplace who are interested in the return on common equity, exclusive of the impact of core deposit intangibles. Goodwill and core deposit intangibles have the effect of increasing total stockholders’ equity while not increasing our tangible common equity. This measure is particularly relevant to acquisitive institutions that may have higher balances in goodwill and core deposit intangibles than non-acquisitive institutions.

The following table reconciles, as of the dates set forth below, average tangible common equity to average common equity and net income available for common stockholders adjusted for amortization of core deposit intangibles, net of taxes to net income and presents our return on average tangible common equity:

	For the Quarter Ended
	Mar 31, 2024			Dec 31, 2023			Sep 30, 2023			Jun 30, 2023			Mar 31, 2023
	(Dollars in thousands)
Net income available for common stockholders adjusted for amortization of core deposit intangibles
Net income	$	24,156		$	3,499		$	32,621		$	33,730		$	38,411
Adjustments:
Plus: Amortization of core deposit intangibles	2,438			2,438			2,438			2,438			2,438
Less: Tax benefit at the statutory rate	512			512			512			512			512
Net income available for common stockholders adjusted for amortization of core deposit intangibles	$	26,082		$	5,425		$	34,547		$	35,656		$	40,337
Average Tangible Common Equity
Total average stockholders' equity	$	1,533,868		$	1,510,286		$	1,508,170		$	1,510,625		$	1,476,576
Adjustments:
Average goodwill	(404,452)			(404,452)			(404,452)			(404,452)			(404,452)
Average core deposit intangibles	(27,656)			(30,093)			(32,540)			(34,969)			(37,361)
Average tangible common equity	$	1,101,760		$	1,075,741		$	1,071,178		$	1,071,204		$	1,034,763
Return on Average Tangible Common Equity (Annualized)	9.52		%	2.00		%	12.80		%	13.35		%	15.81		%

14

VERITEX HOLDINGS, INC. AND SUBSIDIARIES

Reconciliation of Non-GAAP Financial Measures

(Unaudited)

Operating Earnings, Pre-tax, Pre-provision Operating Earnings and performance metrics calculated using Operating Earnings and Pre-tax, Pre-provision Operating Earnings, including Diluted Operating Earnings per Share, Operating Return on Average Assets, Pre-tax, Pre-Provision Operating Return on Average Assets, Pre-tax, Pre-Provision Operating Return on Average Loans, Operating Return on Average Tangible Common Equity and Operating Efficiency Ratio. Operating earnings, pre-tax, pre-provision operating earnings and the performance metrics calculated using these metrics, listed below, are non-GAAP measures used by management to evaluate the Company’s financial performance. We calculate (a) operating earnings as net income plus severance payments, plus loss on sale of debt securities AFS, net, plus M&A expenses less tax impact of adjustments, plus nonrecurring tax adjustments. We calculate (b) diluted operating earnings per share as operating earnings as described in clause (a) divided by weighted average diluted shares outstanding. We calculate (c) pre-tax, pre-provision operating earnings as operating earnings as described in clause (a) plus provision for income taxes, plus provision (benefit) for credit losses and unfunded commitments. We calculate (d) pre-tax, pre-provision operating return on average assets as pre-tax, pre-provision operating earnings as described in clause (a) divided by total average assets. We calculate (e) operating return on average assets as operating earnings as described in clause (a) divided by total average assets. We calculate (f) operating return on average tangible common equity as operating earnings as described in clause (a), adjusted for the amortization of intangibles and tax benefit at the statutory rate, divided by total average tangible common equity (average stockholders’ equity less average goodwill and average core deposit intangibles, net of accumulated amortization). We calculate (g) operating efficiency ratio as noninterest expense plus adjustments to operating noninterest expense divided by noninterest income plus adjustments to operating noninterest income, plus net interest income.

We believe that these measures and the operating metrics calculated utilizing these measures are important to management and many investors in the marketplace who are interested in understanding the ongoing operating performance of the Company and provide meaningful comparisons to its peers.

The following tables reconcile, as of the dates set forth below, operating net income and pre-tax, pre-provision operating earnings and related metrics:

	For the Quarter Ended
	Mar 31, 2024		Dec 31, 2023		Sep 30, 2023		Jun 30, 2023		Mar 31, 2023
	(Dollars in thousands, except per share data)
Operating Earnings
Net income	$	24,156	$	3,499	$	32,621	$	33,730	$	38,411
Plus: Severance payments1	—		—		—		1,194		835
Plus: Loss on sale of AFS securities, net	6,304		—		—		—		5,321
Plus: Equity method investment write-down	—		29,417		—		—		—
Plus: FDIC special assessment	—		768		—		—		—
Operating pre-tax income	30,460		33,684		32,621		34,924		44,567
Less: Tax impact of adjustments	1,323		2,059		—		251		1,293
Operating earnings	$	29,137	$	31,625	$	32,621	$	34,673	$	43,274
Weighted average diluted shares outstanding	54,842		54,691		54,597		54,486		54,606
Diluted EPS	$	0.44	$	0.06	$	0.60	$	0.62	$	0.70
Diluted operating EPS	$	0.53	$	0.58	$	0.60	$	0.64	$	0.79

1 Severance payments relate to certain restructurings made during the periods disclosed.

15

	For the Quarter Ended
	Mar 31, 2024			Dec 31, 2023			Sep 30, 2023			Jun 30, 2023			Mar 31, 2023
	(Dollars in thousands)
Pre-Tax, Pre-Provision Operating Earnings
Net income	$	24,156		$	3,499		$	32,621		$	33,730		$	38,411
Plus: Provision for income taxes	7,237			6,004			9,282			9,725			11,012
Plus: Provision for credit losses and unfunded commitments	5,959			8,000			7,718			13,871			10,882
Plus: Severance payments	—			—			—			1,194			756
Plus: Loss on sale of AFS securities, net	6,304			—			—			—			5,321
Plus: Equity method investment write-down	—			29,417			—			—			—
Plus: FDIC special assessment	—			768			—			—			—
Pre-tax, pre-provision operating earnings	$	43,656		$	47,688		$	49,621		$	58,520		$	66,382
Average total assets	$	12,336,042		$	12,306,634		$	12,259,062		$	12,350,223		$	12,214,313
Pre-tax, pre-provision operating return on average assets1	1.42		%	1.54		%	1.61		%	1.90		%	2.20		%
Average loans	$	9,563,372		$	9,581,784		$	9,625,005		$	9,657,313		$	9,501,309
Pre-tax, pre-provision operating return on average loans1	1.84		%	1.97		%	2.05		%	2.43		%	2.83		%
Average total assets	$	12,336,042		$	12,306,634		$	12,259,062		$	12,350,223		$	12,214,313
Return on average assets1	0.79		%	0.11		%	1.06		%	1.10		%	1.28		%
Operating return on average assets1	0.95			1.02			1.06			1.13			1.44
Operating earnings adjusted for amortization of core deposit intangibles
Operating earnings	$	29,137		$	31,625		$	32,621		$	34,673		$	43,274
Adjustments:
Plus: Amortization of core deposit intangibles	2,438			2,438			2,438			2,438			2,438
Less: Tax benefit at the statutory rate	512			512			512			512			512
Operating earnings adjusted for amortization of core deposit intangibles	$	31,063		$	33,551		$	34,547		$	36,599		$	45,200
Average Tangible Common Equity
Total average stockholders' equity	$	1,533,868		$	1,510,286		$	1,508,170		$	1,510,625		$	1,476,576
Adjustments:
Less: Average goodwill	(404,452)			(404,452)			(404,452)			(404,452)			(404,452)
Less: Average core deposit intangibles	(27,656)			(30,093)			(32,540)			(34,969)			(37,361)
Average tangible common equity	$	1,101,760		$	1,075,741		$	1,071,178		$	1,071,204		$	1,034,763
Operating return on average tangible common equity1	11.34		%	12.37		%	12.80		%	13.70		%	17.72		%
Efficiency ratio	62.45		%	77.49		%	54.49		%	49.94		%	48.42		%
Operating efficiency ratio
Net interest income	$	92,806		$	95,533		$	99,361		$	100,831		$	103,389
Noninterest income	6,662			(17,792)			9,674			13,692			13,531
Plus: Loss on sale of AFS securities, net	6,304			—			—			—			5,321
Plus: Equity method investment write-down	—			29,417			—			—			—
Operating noninterest income	12,966			11,625			9,674			13,692			18,852
Noninterest expense	62,116			60,238			59,414			57,197			56,615
Less: FDIC special assessment	—			768			—			—			—
Less: Severance payments	—			—			—			1,194			756
Operating noninterest expense	$	62,116		$	59,470		$	59,414		$	56,003		$	55,859
Operating efficiency ratio	58.73		%	55.50		%	54.49		%	48.90		%	45.63		%

1 Annualized ratio for quarterly metrics.

16

EX-99.2

A BETTER STATE OF BANKING Veritex Holdings, Inc. First Quarter 2024 Results Earnings Release April 24, 2024 NASDAQ: VBTX © 2024 Veritex Bank Member FDIC

2 Forward-Looking Statements This presentation includes “forward-looking statements”, within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on various facts and derived utilizing assumptions, current expectations, estimates and projections and are subject to known and unknown risks, uncertainties and other factors, which change over time and are beyond our control, that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements include, without limitation, statements relating to the expected payment of Veritex’s quarterly cash dividend; the impact of certain changes in Veritex’s accounting policies, standards and interpretations; turmoil in the banking industry, responsive measures to mitigate and manage such turmoil and related supervisory and regulatory actions and costs and Veritex’s future financial performance, business and growth strategy, projected plans and objectives, as well as other projections based on macroeconomic and industry trends, which are inherently unreliable due to the multiple factors that impact broader economic and industry trends, and any such variations may be material. Statements preceded by, followed by or that otherwise include the words “believes,” “expects,” “anticipates,” “intends,” “projects,” “estimates,” “seeks,” “targets,” “outlooks,” “plans” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may” and “could” are generally forward-looking in nature and not historical facts, although not all forward-looking statements include the foregoing words. We refer you to the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of Veritex’s Annual Report on Form 10-K for the year ended December 31, 2023 and any updates to those risk factors set forth in Veritex’s Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other filings with the Securities and Exchange Commission (“SEC”), which are available on the SEC’s website at www.sec.gov. If one or more events related to these or other risks or uncertainties materialize, or if Veritex’s underlying assumptions prove to be incorrect, actual results may differ materially from what Veritex anticipates. Accordingly, you should not place undue reliance on any such forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made. Veritex does not undertake any obligation, and specifically declines any obligation, to supplement, update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by law. All forward-looking statements, expressed or implied, included in this presentation are expressly qualified in their entirety by this cautionary statement. This cautionary statement should also be considered in connection with any subsequent written or oral forward-looking statements that Veritex or persons acting on Veritex’s behalf may issue. This presentation also includes industry and trade association data, forecasts and information that Veritex has prepared based, in part, upon data, forecasts and information obtained from independent trade associations, industry publications and surveys, government agencies and other information publicly available to Veritex, which information may be specific to particular markets or geographic locations. Some data is also based on Veritex's good faith estimates, which are derived from Veritex management's knowledge of the industry, markets and independent sources. Industry publications, surveys and forecasts generally state that the information contained therein has been obtained from sources believed to be reliable. Although Veritex believes these sources are reliable, Veritex has not independently verified the information contained therein. While Veritex is not aware of any misstatements regarding the industry data, forecasts and information included in this presentation, such data forecasts, and information and Veritex's estimates based thereon involve risks, assumptions and uncertainties and are subject to change based on various factors. Veritex does not undertake any obligation, and specifically declines any obligation, to supplement, update or revise such data forecasts, and information and Veritex's estimates based thereon, whether as a result of new information, future developments or otherwise, except as required by law. This presentation contains certain non-GAAP (generally accepted accounting principles) financial measures, including tangible book value per common share (“TBVPS”), tangible common equity to tangible assets, return on average tangible common equity (“ROATCE”), operating earnings, pre-tax, pre-provision (“PTPP”) operating earnings, diluted operating earnings per shares (“EPS”), operating return on average assets (“ROAA”), PTPP operating ROAA, Operating ROATCE, operating efficiency ratio, operating noninterest income, operating noninterest expense and adjusted net interest margin (“NIM”). Veritex’s management uses these non-GAAP financial measures to evaluate its operating performance and provide information that is important to investors. The non-GAAP financial measures that Veritex discusses in this presentation should not be considered in isolation or as a substitute for the most directly comparable or other financial measures calculated in accordance with GAAP. Please see “Reconciliation of Non-GAAP Financial Measures” at the end of this presentation for reconciliations of non-GAAP measures to the most directly comparable financial measures calculated in accordance with GAAP. Use of Non-GAAP Financial Measures

3 (line chart represents ADC as a % of RBC) Total ACL (% ACL to Total Loans) Strengthening the Balance Sheet 107.7% 105.4% 94.9% 93.6% 91.7%102.4% 100.4% 90.7% 89.1% 86.9% 1Q23 2Q23 3Q23 4Q23 1Q24 Loan to Deposit Ratio 32.0% 29.2% 21.0% 20.4% 19.4% 1Q23 2Q23 3Q23 4Q23 1Q24 Reliance on Wholesale Funding1 ($ in millions) $98,694 $102,150 $109,831 $109,816 1Q23 2Q23 3Q23 4Q23 1Q24 9.32% 9.76% 10.11% 10.29% 10.37% 1Q23 2Q23 3Q23 4Q23 1Q24 CET1 / Total RWA $9,035 $9,234 $10,197 $10,338 $10,654 1Q23 2Q23 3Q23 4Q23 1Q24 Deposit Growth $112,032 1.02% 1.15% (line chart represents LDR, excluding MW loans) 333.7% 327.2% 317.0% 320.2% 318.8% 129.2% 115.2% 115.9% 118.7% 108.3% 300.00% 305.00% 310.00% 315.00% 320.00% 325.00% 330.00% 335.00% 340.00% $0.80 $1.30 1Q23 2Q23 3Q23 4Q23 1Q24 CRE Concentration as % of RBC 1 Reliance on wholesale funding % is calculated at the Veritex Community Bank level. ($ in thousands)

4 2024 First Quarter Highlights TotalBalance Sheet1 $9.8Total Loans $10.6Total Deposits 1 Total loans and deposits $ in billions as of March 31, 2024 2 Refer to the reconciliation of Non-GAAP financial measures at the end of this presentation 3 Net income $ in millions Key Highlights • Pre-tax Pre-provision = $43.7 Million • 1.42% PTPP Return on Average Assets • 1.84% PTPP Return on Average Loans • CET1 grew 8 bps to 10.37% • Deposits grew $1.6 Billion, or 18%, year over year • Loans grew $46.4 Million, or 0.5%, year over year • Announced authorization of a stock buyback program to purchase up to $50 million of outstanding common stock over the course of a year as deemed appropriate • Sold $120.1 million of lower-yielding AFS debt securities with a 3.11% average yield and reinvested the proceeds in higher yielding AFS securities with a 6.24% average yield • Unfunded commitments decreased $203.7 million quarter over quarter 1Q2421Q24 OperatingReportedKey Performance Metrics $29.1$24.2Net Income3 $0.53$0.44Diluted EPS 0.95%0.79%ROAA 11.34%9.52%ROATCE 58.7%62.5%Efficiency Ratio

5 Credit Quality Summary • 2024 annualized net charge-offs were 0.22% • Acquired work out credits made up 95% of annualized net charge-offs for 1Q24 • NPA / Total Assets remained relatively flat at 0.82% 1Q23 2Q23 3Q23 4Q23 1Q24 0.00% 0.10% 0.20% 0.30% 30-59 Past Due 60-89 Past Due 90+ Past Due 0.19% 0.36% 0.29% 0.16% 0.04% 0.21% 0.00% 0.00% 0.09% 0.00% 0.21% 0.01% 2019 2020 2021 2022 2023 1Q24 Acquired NCOs Originated NCOs $22,581$60,459$27,158$25,188$15,287Totals: Past Due Trend1 % of Total Loans2 Net Charge-off Lookback($ in millions) ($ in millions) $44.5 $68.3 $79.9 $95.8 $103.8 0.35% 0.55% 0.65% 0.77% 0.82% 0.0% 0.1% 0.2% 0.3% 0.4% 0.5% 0.6% 0.7% 0.8% 0.9% 1Q23 2Q23 3Q23 4Q23 1Q24 NPAs NPAs/Total Assets NPAs / Total Assets 1 Past due loans exclude purchased credit deteriorated loans that are accounted for on a pooled basis and non-accrual loans. 2 Total loans excludes Loans Held for Sale, MW and PPP loans. 3 Net charge-offs are annualized for 1Q24. 0.22%0.25%0.16%0.38%0.36%0.19%NCOs3

6 Credit Quality Summary • Criticized loans = $524.4 million • Criticized loans remained relatively flat quarter over quarter ($ in millions, excluding PCD loans) Quarterly Criticized Loans $204.8 $287.1 $304.5 $293.4 $350.3 $227.2 $225.0 $223.4 $213.2 $174.1 1Q23 2Q23 3Q23 4Q23 1Q24 Special Mention Substandard (continued) Commercial Real Estate Criticized Loans Breakdown as of March 31, 2024 37% 25% 21% 11% 6% CRE Office CRE Retail CRE Hotel CRE Industrial CRE Other Total CRE Criticized $326.7 million, down 4.4% from 2023 $432.0 $512.1 $527.9 $506.6 $524.4

7 Allowance For Credit Losses Summary • General reserve reflects current economic outlook on economy and recessionary risk • 25% Baseline / 40% Scenario 2 / 25% Scenario 3 / 10% Scenario 4 of Moody’s forecast weighting utilized in the 1Q24 ACL calculation • General reserves have increased 15%, or 11 bps, year over year • Q-Factors represent 34 bps of the general reserve 1.15% Coverage // ACL increase of 13 bps from 1Q23 Loan balances subject to the ACL methodology remained relatively flat from March 2023 ACL / Total Loans up 12.7% from March 31, 2023 ACL / Total Loans, excluding MW = 1.21% 1. 02 % 0. 92 % 0. 93 % 1. 03 % 0. 79 % 0. 96 % 0. 92 % 0. 00 % 1. 22 % 0. 51 % 1. 14 % 1. 21 % 1. 19 % 0. 99 % 0. 79 % 1. 17 % 1. 00 % 0. 05 % 1. 29 % 0. 60 %1. 15 % 1. 30 % 1. 17 % 0. 99 % 0. 80 % 1. 20 % 1. 29 % 0. 05 % 1. 26 % 0. 59 % ACL / Total Loans Residential Construction Other Construction 1-4 Family Multifamily OOCRE NOOCRE Mortgage Warehouse C&I Other Loans 1Q23 4Q23 1Q24 ACL on Loans Held for Investment / Loan Balance by Loan Portfolio

8 Capital Summary • Announced stock buyback program in March 2024 for up to $50 million • CET1 increase primarily driven by earnings and a decrease in unfunded commitments • RWA down $624 million, or 5.2%, from 1Q23 • CET1, including the impact to AOCI, is 9.74% • TBV increased to $20.33 Capital Levels 1Q24 (includes AOCI) 1Q231Q24Capital Ratio 9.74%9.32%10.37%CET1 Capital 10.01%9.56%10.63%Tier 1 Capital 12.71%11.99%13.33%Total Capital Tangible Book Value Trend since IPO in 2014 $8.96 $9.59 $13.82 $12.75 $14.74 $14.73 $15.70 $17.49 $18.64 $20.21 $20.33 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 1Q24 9.5%CAGR 11.5% CAGR adding back dividends1 1 Total dividends of $193.9 million included in the CAGR calculation. CET1 at 10.37%, up 105 bps year over year Risk Weighted Assets Trend $11,986 $11,742 $11,617 $11,387 $11,362 1Q23 2Q23 3Q23 4Q23 1Q24 ($ in Millions)

9 Quarter over Quarter Change in Deposits Deposits Summary • Total deposits increased $315.6 million during 1Q24, or 12.2% annualized • LDR decreased to 91.7%, from 107.7%, year over year • LDR, excluding MW loans, decreased to 86.9% from 102.4% year over year • Wholesale funding reliance at the Bank level is 19.5% • Uninsured and uncollateralized deposits was 31.9% on March 31, 2024 8 Quarter Term Funding Maturity Schedule $1,237,048 $960,758 $525,601 $654,490 $60,903 $21,776 $7,695 $5,822 5.11% 5.14% 5.14% 4.89% 4.90% 4.37% 3.78% 2.86% -1.80% -0.80% 0.20% 1.20% 2.20% 3.20% 4.20% 5.20% 6.20% 0.00%25978 851 56 1677 34 24103 12 .329890 468 4 52 2 0.63 0 75 78 805 58 8311 36 .96%7 141 0463692 1289 70 24 4 .4 2 30 49 58 551 6 .605 381 871 16 767494 84623 72 .92%49 502 0270 0 138 .25 6 37 4 408 5 18 831296 .567 742 6483 52 72909 30 80 . %6 18 96 3 0101 4 13 2 .205098 891 76 361 7 54 4443 32 .5269 10 6498 31220 6 76 4 .8 %72 2 998 0 4 003 878 85 56 .1634 2440 12 321 2 790 44 6 .80 4 55 6 2 4 632 0 75868 .80%58 861 36 961 145 046 592 .128 70 27 4 440 2 36 0 .49248 5818 6 601 385 87 16 .76%394 8492 72 924 506 04 2 .2000 0 1628 252 6 378 4 .401 18 83 196 56746 648 52 .72%220 30 84 06008 96 6 7.0312 4 138 2 203998 889 76 .3624 5 54 4441 32 5267 10 69 88 7. %51 6 74 87 2 90 8.002623778 849 56 165 34 24701 12 .327690 45 67 4 58 2 8.6 %2 3 0 758 8083 58 8909 36 .965 149 0461492 127 70 2301 4 .3 2 30 49 38 51 6 .60%43 389 869 16 765294 843221 72 .927 510 07 299 07 13 185 .25 63 34 40403 1 83 2909 .56%5 7 0 6481 5 725 7 31 83 09 .58987 94 651 0610 43 13 6 2 .206289 88 7 367 5 444 3 .52%11 69 7891818 67 73 4 45 .870 23 96 0 2 0092267 84 5 .163 24400 1 32591 45 69 . %78 47 51 4 252 630 03 7648 .8082 5 8420 3 961 3 046 39 .1271 231 4938 27 34 05 .4 %90283 544 6 6 6042 3 3 86 1 .7619 8452 7 92514 07 29 .98 07 146 4085 250 63 36 4 .40%702 1 82799 563 7 4 6479 5 .728 5 31 84 31 095 887 98 655.090 43 12 206 79 87 7 .36%5013 5 4439 3 525 11 6916895.1 67 74 45 86 23 90 6.00522 57 87 5 1673 3 2499 1 .32%3 5491 451 6947 540 256.65 2 03 738 808 5 85 7 3 .9633 1 7 045929 125 71 2611 49 . %5 27 36 05 48 183 57 6 .604 3 7 87 1 769309 84819 7 .925 5 518 071 2907 1922985 .2 %48 63 34 4 406000 1 8689 .565 7 8 647 5 721 31 83 09 .787 982 659 06208 43 14 2 .20%6069 86 7 3631 5 443 3 .5211 69 589964 67 742 45 .868 23 94 020 005204 0 86 58 .16%7 36 249 14 3266 39 45 7 .4 5702 2 0 628 0 74282 .8080 60 88 6 38 966 3 161 045 194 .12%7 291 52 362 0 .48808 570 4 62 6040 401 86 18 .7691996 84117 74 923 5 2 069 3 . %5 0 1722 88 24 6 37 42 .409 20 83 798 5651 762 647 54 .72403 3 87 29 1568 98 6 3.0 %5 4 13 22 205 00 8578 .36611 56 447 7 34 5263 1 68949 3.7 5 6 74 4 82 99 024.00%81 380 87 58 1671 36 247 14 .3292329 449 75 4 5800 2 4.60 75 182 807 60 81 38 .96%31 165 047094 1283 7 28209 5 .5 2 36 0 4698 5312 62 .6038 405 84 18 7690896 8484 74 .92%4 5 6 06 30 152 78 .26 6 372 42 4098 20 886 4698 .5650 766 6454 7270 3 82 1 . %58 98 6 7 08 6 4 18 32 22 .2058 00 84478 36910 56 4434 .526 1 68 39 790 6 74 4 .8 %6 2 992 028 00118280 84 58 .1670 36 2414 32922 19 44 7 .4 530 2 8 66 0 752082 .80%78 60 84 4 38 969 30 169 045994 .1281 7 2507 53 2 359 0 .488 561 62 609 3 409 86 18 .76%8 796 847 5 74 9241 530 07 31 .93 09 1819687 29 65 37 4 .402 892 59 564 7 0 645 5 .72%10001 33 87 1153489 979 671.01 45 13 2 200 88 37 .361020 5 445 3 5261 13 672911. %313 69 739 47 825 99 0 2.00104 18 84 5 166 3 245 1 .32521093 47 7173 49 599 272.6 %106 05 75098 806 6 8702 3 .9628 1 3 04489 128 73 28 51 .10 3 29 35 07 4785 5910 6 .60%6 4 3 862 1 768869 8410 4 7 .921 4 534 0319 09 111 587 .265 370 4 406 2 8122249 .56%1 48 7 4 644 5 7230 33 811 .5 389 97 675 04 45 11 30 2 .201 6 0 88227 36508 5 444 3 .52%6 13 6191561 69 71 3 47 .81 25 990 0 6 007 608 842 5 .1668 3 244 1 32819993 41 5 71 . %1 71 49 597 276 6923 05 74 88 .806 8200 3 961 7 045 79 .121 79 73 21 5 5131 29 37 07 .4 %83685 5220 6 604 7 86 1 .761 59 8431 7 9239 538 05 31 .91 09 124 7487 243 65 36 4 .40%1 2 852 39 567 8 647 5 .7299 33 826 5 1151289 97 679.01 703 45 12 2 200 88 17 .36%8 5 442 3 3 5259 13 650919.1 911 69 77 47 863 25 98 040.00 Amount Wtd Avg Rate 12 Month Trend of Total Cost of Deposits $131.2 ($ in Millions) ($10.6) $42.4 $32.3 $17.7 2.47% 2.60% 2.74% 2.85% 2.95% 3.16% 3.33% 3.35% 3.41% 3.44% 3.40% 3.41% 3.42% Total Cost of Deposits ($43.6) $210.1 ($21.5)

10 Loans Summary • Loans grew 1.9% annualized in 1Q24 • 44% of 1Q24 payoffs were from the CRE portfolio • 70% decrease in CRE ADC Constructed unfunded commitments year over year • CRE ADC Construction Unfunded Balances decreased 61%, year over year, to $696 Million Quarterly Loan Commitment Production and Commitment Payoffs ($ in Millions) 1Q24 Change in the Loan Portfolio ($5.7) ($53.1) ($1.4) $33.9 $2.3 $32.3 $145.8 Commercial and Industrial (“C&I”) Owner occupied commercial (“OOCRE”) Non-owner occupied commercial (“NOOCRE”) Construction and land 1-4 family residential Multi-family residential MW Other ($166.0) $71.7 $267.6 $334.3 $317.0 $327.3 $282.3 $321.6 $557.2 $380.6 $490.0 $224.8 Quarterly Loan Production / Outstanding Balance Quarterly Loan Payoffs / Outstanding Balance $47,572 $52,372 $103,922 $95,544 $120,450 $43,225 $70,832 7.14% 5.29% 5.29% 4.39% 5.84% 4.70% 3.97% - 50,000 100,000 150,000 200,000 250,000 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 7.00% 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 Outstanding Balance Average Note Rate CRE Fixed Rate Maturities $132,951 $225,980 $405,970 $278,826 $374,799 $302,526 $324,630 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 (40,000) 60,000 160,000 260,000 360,000 460,000 CRE Variable Rate Maturities ($ in Thousands)

11 CRE By Type TotalADCTerm 1,217,367465,760751,607Multifamily 1,117,252550,920566,332Whs/Industrial 700,59734,668665,929Retail 528,18613,634514,552Office 443,65739,999403,658Hotel 373,813373,813-SFR 307,397104,171203,226Commercial and Other 14,12814,128-Consumer 4,702,3971,597,0933,105,304Total Breakdown of CRE by Term and ADC % TotalOOS 3%137,544 7%318,802 4%179,544 1%32,465 2%85,625 -8,424 -22,797 -- 17%785,201 Out of State Term/ADC as % of Total CRE ($ in thousands) ($ in thousands)

12 Out of State Exposure Breakdown of Out of State % of Total$9,706,013Total Loans 12.7%$1,239,001National Businesses1 224,903Mortgage Warehouse 229,804Mortgage Servicing Rights 536,568Lender Finance 55,051Specialty Finance 192,675USDA and SBA 2.7%$257,486Mortgage 11.3%$1,101,580Out of State 8.1%785,201Texas CRE Developers 3.2%316,379 C&I / Shared National Credits ($ in thousands)

13 Net Interest Income Summary • 1Q24 NIM – 3.24% • 1Q24 Total Loans Yield – 6.81% • Average Cost of Total Deposits – 3.42% • Average earnings assets increased to $11.5 million as of 1Q24 $100.8 $99.4 $95.5 $92.8 3.69% 3.51% 3.46% 3.31% 3.24% 1Q23 2Q23 3Q23 4Q23 1Q24 Net Interest Income ("NII") NIM $106.1 NII / NIM Trend $95,5334Q23 Net Interest Income 901Impact of change in volume (1,258)Impact of deposit rate changes (1,011)Change in day count (486)Impact of loan rate changes (873)Change in earning asset mix and other $92,8061Q24 Net Interest Income ($ in thousand) Net Interest Income Rollforward Interest Rate Sensitivity1 1 Interest rate sensitivity is calculated using a static rate shock. ($ in Millions) 1Q24 1Q24 Interest Rate Scenario Percentage Change From Base EVE Shock Scenerio Percentage Change From Base Up 200 bps 9.12% Up 200 bps -3.77% Up 100 bps 4.67% Up 100 bps -1.33% BASE CASE 0.00% BASE CASE 0.00% Down 100 bps -5.89% Down 100 bps -1.51% Down 200 bps -10.32% Down 200 bps -3.98%

14 Interest Rates Summary • Average 1Q24 loan and deposit new production spread = 351 bps • Average debt securities yield at 4.25% • Average loan held for investment yield at 6.83% Variable and Hybrid Loans by Index 6.48% 6.80% 6.90% 6.85% 6.81% 2.24% 2.73% 3.15% 3.37% 3.42% 3.56% 3.60% 3.87% 4.10% 4.25% 1Q23 2Q23 3Q23 4Q23 1Q24 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 7.00% Average Total Loan Yield Average Cost of Total Deposits Average Investment Yield 5 Quarter Trend (Loans, Investments and Deposits) Variable and Hybrid Loans by Rate Index Amount (in millions) % of Variable and Hybrid Loans SOFR 5,772.2$ 78.7% Prime Rate 1,373.6$ 18.7% Other 192.8$ 2.6% Total Variable and Hybrid Loans 7,338.6$ 100.0%

15 Investments and Liquidity Summary • Represents 10.6% of total assets • 86.7% in AFS securities • Effective duration = 4.0 • 1Q24 portfolio yield = 4.25% 1Q24 Restructure • Sold $120.1 million in AFS securities with a 3.11% average yield • Reinvested a majority of the proceeds into higher yielding securities at a 6.26% average yield • Transaction will have a 1.8 years earn-back Debt Investments as % of Total Assets 89.4% 10.6% Other Assets Investment Portfolio Total Assets: $12.7 Billion 1Q24 Sources of Liquidity Current on-balance sheet: 740,769Cash and equivalents 139,050Unpledged AFS securities 879,819Total on-balance sheet 150,000Fed Funds borrowing capacity 2,212,563FHLB remaining borrowing capacity 2,968,439Federal Reserve discount window 142,977Brokered deposits available1 5,473,979Total available sources $6,353,798Total Liquidity 1 Brokered deposits available is driven by Company policy and not market availability.

16 Operating Noninterest Income Noninterest Income and Expense Summary • 1Q24 operating noninterest income = $13.0 Million • 1Q24 operating noninterest expense = $62.1 Million • Government guaranteed loan income decreased to $2.6 million from $4.4 million quarter over quarter $28.4 $45.6 $36.0 $- SBA USDA $- $10.0 $20.0 $30.0 $40.0 $50.0 $60.0 $70.0 4Q23 Production 1Q24 Prodcution SBA and USDA Quarter over Quarter Production ($ in millions) Operating Noninterest Expense 38% 19% 20% 3% 20% Service charges and fees on deposit accounts Loan fees Government guaranteed loan income, net Customer swap income Other income 54% 8% 10% 8% 2% 4% Salaries and employee benefits Occupancy and equipment Professional and regulatory fees Data processing and software expense Marketing Amortization of intangibles Telephone and communications Merger and acquisition (“M&A”) expense $62.1 Million $13.0 Million

A BETTER STATE OF BANKING © 2024 Veritex Bank Member FDIC Supplemental Information Veritex Holdings, Inc. First Quarter 2024 Results

18 Reconciliation of Non-GAAP Financial Measures

19 Reconciliation of Non-GAAP Financial Measures

20 Reconciliation of Non-GAAP Financial Measures

21 Reconciliation of Non-GAAP Financial Measures

22 Reconciliation of Non-GAAP Financial Measures

A BETTER STATE OF BANKING Veritex Holdings, Inc. First Quarter 2024 Results © 2024 Veritex Bank Member FDIC

EX-99.3

Exhibit 99.3

PRESS RELEASE

FOR IMMEDIATE RELEASE

Veritex Holdings, Inc. Declares Cash Dividend on Common Stock

Dallas, TX – April 23, 2024 – Veritex Holdings, Inc. (Nasdaq: VBTX) (“Veritex” or the “Company”), the parent holding company for Veritex Community Bank, today announced the declaration of a quarterly cash dividend of $0.20 per share on its outstanding common stock. The dividend will be paid on or after May 24, 2024 to shareholders of record as of May 10, 2024.

About Veritex Holdings, Inc.

Headquartered in Dallas, Texas, Veritex is a bank holding company that conducts banking activities through its wholly-owned subsidiary, Veritex Community Bank, with locations throughout the Dallas-Fort Worth metroplex and in the Houston metropolitan area. Veritex Community Bank is a Texas state chartered bank regulated by the Texas Department of Banking and the Board of Governors of the Federal Reserve System. For more information, visit www.veritexbank.com.

Forward Looking Statement

This press release includes “forward-looking statements,” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements include statements regarding Veritex’s projected plans and objectives, including the expected payment date of its common stock dividend. Forward-looking statements are typically identified by words such as “believe,” “expect,” “anticipate,” “intend,” “target,” “estimate,” “seek,” “plan,” “outlook,” “continue,” “positions,” “prospects” or “potential,” by future conditional verbs such as “will,” “would,” “should,” “could” or “may”, or by variations of such words or by similar expressions. These forward-looking statements are subject to numerous assumptions, risks and uncertainties which change over time and are beyond Veritex’s control. Forward-looking statements speak only as of the date they are made and Veritex assumes no duty to supplement, update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.

Source: Veritex Holdings, Inc.

Investor Relations:

972-349-6132

investorrelations@veritexbank.com

XML

Cover Page	Apr. 23, 2024
Cover [Abstract]
Document Type	8-K
Entity Registrant Name	VERITEX HOLDINGS, INC.
Entity Incorporation, State or Country Code	TX
Entity File Number	001-36682
Entity Tax Identification Number	27-0973566
Entity Address, Address Line One	8214 Westchester Drive, Suite 800
Entity Address, City or Town	Dallas
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	75225
City Area Code	972
Local Phone Number	349-6200
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	VBTX
Security Exchange Name	NASDAQ
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false
Entity Central Index Key	0001501570
Amendment Flag	false