Earnings Call Summary | Veritex(VBTX.US) Q1 2024 Earnings Conference
Earnings Call Summary | Veritex(VBTX.US) Q1 2024 Earnings Conference
The following is a summary of the Veritex Holdings, Inc. (VBTX) Q1 2024 Earnings Call Transcript:
以下是Veritex Holdings, Inc.(VBTX)2024年第一季度業績電話會議記錄摘要:
Financial Performance:
財務業績:
Veritex reported Q1 2024 earnings of $29.1 million or $0.53 per share.
The company saw a slight growth in loan loss reserve and CET1 ratio, it now stands at 1.15% and 10.37%, respectively.
Loan growth remained flat while deposits grew by 18%, or $1.6 billion.
The net interest income decreased by $2.7 million to nearly $93 million in Q1.
NPAs increased marginally from 0.77% to 0.82% of total assets, while charge-offs reduced by 44% to $5.3 million.
Veritex公佈的2024年第一季度收益爲2910萬美元,合每股收益0.53美元。
該公司的貸款損失準備金和CET1比率略有增長,目前分別爲1.15%和10.37%。
貸款增長保持平穩,而存款增長了18%,合16億美元。
第一季度淨利息收入減少了270萬美元,至近9,300萬美元。
不良貸款佔總資產的0.77%略有增長至0.82%,而扣除額減少了44%,至530萬美元。
Business Progress:
業務進展:
Veritex executed a securities loss trade transaction estimated to add annually $0.05 to EPS along with a $50 million stock repurchase program.
The company projects low single-digit loan growth and high single to low double-digit deposit growth for the remainder of the year.
Veritex reduced loan-to-deposit ratio from 107.7% at 3/31/23 to 91.7% at 3/31/24.
The company plans to reduce the CRE concentrations to total risk-based capital to 319% by Q3 2024.
Veritex is investing in C&I small business space and is internally forecasting two rate cuts.
The company aims to continue its capital-efficient approach by injecting about $100 million per quarter into securities and to maintain lower wholesale borrowings.
Veritex執行了一項證券虧損交易交易,估計每年將使每股收益增加0.05美元,同時還執行了5000萬美元的股票回購計劃。
該公司預計,在今年剩餘時間裏,貸款增長將保持低位數的個位數和較低的兩位數存款增長。
Veritex將貸款存款比率從23年3月31日的107.7%降至24年3月31日的91.7%。
該公司計劃到2024年第三季度將CRE佔風險資本總額的比例降至319%。
Veritex正在投資C&I小型企業領域,內部預測將降息兩次。
該公司的目標是通過每季度向證券注入約1億美元來繼續其資本節約方針,並維持較低的批發借款。
More details: Veritex IR
更多詳情: Veritex IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。