Veritex Holdings, Inc. announced its second-quarter 2025 operating results, showing continued expansion in net interest margin and improved credit quality. Net interest income before provision for credit losses increased by 0.9% to $96.3 million compared to the prior quarter. The net interest margin (NIM) expanded by 2 basis points to 3.33%.
Noninterest income for the quarter was $13.5 million, a decrease of 5.5% from the first quarter, primarily due to a $1.6 million decrease in government-guaranteed loan income, partially offset by an $850 thousand increase in customer swap income. Noninterest expense saw a slight increase of 0.5% to $67.2 million. Total loans held for investment decreased by $44.7 million to $8.78 billion, and total deposits decreased by $247.2 million to $10.42 billion.
Credit quality improved significantly, with nonperforming assets (NPAs) decreasing to $75.2 million, or 0.60% of total assets, down from $96.9 million in the previous quarter. Net charge-offs were $1.3 million, or 5 basis points annualized. The Board of Directors declared a quarterly cash dividend of $0.22 per share, consistent with the previous quarter, payable on August 21, 2025.
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