Veritex Holdings, Inc. Announces Stock Buyback Program and Investment Portfolio Restructuring
29 3월 2024 - 5:01AM
Veritex Holdings, Inc. (Nasdaq: VBTX) (“Veritex” or "the Company”),
the parent holding company for Veritex Community Bank, today
announced that its Board of Directors (the "Board") authorized a
stock buyback program (the "Stock Buyback Program") pursuant to
which the Company is authorized to purchase up to $50.0 million
shares of the Company’s outstanding common stock. The Stock Buyback
Program has an expiration date of March 31, 2025 and may be
suspended, terminated, amended or modified by the Board at any time
without prior notice at the Board’s discretion.
The Stock Buyback Program is expected to be
funded using the Company’s cash on hand and cash from operations of
Veritex Community Bank. Repurchases under the Stock Buyback Program
may be made, from time to time, in amounts and at prices the
Company deems appropriate. The Stock Buyback Program does not
obligate the Company to purchase any shares of its common stock.
Repurchases by the Company under the Stock Buyback Program will be
subject to general market and economic conditions, applicable legal
and regulatory requirements and other considerations.
In addition, Veritex announces completion of a
restructuring of it's available-for-sale ("AFS") debt security
portfolio in March by selling approximately $120.1 million of
lower-yielding AFS debt securities, at amortized cost, with a yield
of 3.11% at a $6.5 million pre-tax loss. Approximately $115.9
million of the proceeds were reinvested in higher yielding AFS
securities with a 6.24% yield.
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 expectations about share repurchases. 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. 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 press 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.
Source: Veritex Holdings, Inc.
Investor
Relations:972-349-6132investorrelations@veritexbank.com
Veritex (NASDAQ:VBTX)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024
Veritex (NASDAQ:VBTX)
과거 데이터 주식 차트
부터 5월(5) 2023 으로 5월(5) 2024