Veritex Community Bank

Overview / Commentary
8214 Westchester Drive
Dallas, TX 75225

Veritex Community Bank is headquartered in DALLAS and is the 12th largest bank in the state of Texas. It is also the 137th largest bank in the nation. It was established in 2004 and as of June of 2023, it had grown to 798 employees at 32 locations. Veritex Community Bank has a B+ health rating.

Reviews (1)

Good Market Market Checking Account

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Veritex offers a money market checking now paying over 5% with unlimited checking writing. Regulation D is no longer in effect and Vertex allows unlimited check writing and the account pays money market interest rates.


Health Grade Components

FDIC Certificate #57665
Year Established2004
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.25%
Return on Equity - YTD9.22%
Annual Interest Income$352.1MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$12.46B$11.30B
LoansQ2 2023vs Q2 2022$9.62B$8.49B
DepositsQ2 2023vs Q2 2022$9.25B$8.53B
Equity CapitalQ2 2023vs Q2 2022$1.70B$1.64B
Loan Loss AllowanceQ2 2023vs Q2 2022$102.2MM$80.6MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$55.0MM$29.1MM
Real Estate OwnedQ2 2023vs Q2 2022$0$1.0MM

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