Veritex is a Texas-based community bank focused on commercial banking for small and medium-sized businesses (generally with revenues under $30M) and professionals in the Dallas-Fort Worth and Houston metro areas. The core business is relationship-driven commercial and real estate lending — including CRE, C&I, construction, multifamily, and mortgage warehouse loans — funded primarily by business deposits. Veritex positions itself as a locally headquartered alternative to large national banks, emphasizing local decision-making and experienced Texas bankers. The bank earns primarily through net interest income, with a NIM of roughly 3.20% in Q4 2024. About 75% of the loan portfolio is floating rate, making NIM sensitive to Fed rate moves. A key strategic focus is shifting the funding mix away from expensive brokered deposits toward lower-cost relationship deposits. Fee income comes from a government-guaranteed lending subsidiary (NAC) that originates and sells USDA and SBA loans, interest rate swap fees, and treasury management services. Veritex crossed $10B in total assets, triggering enhanced regulatory oversight and higher compliance costs. The bank has completed seven whole-bank acquisitions since its 2010 founding, though M&A is currently paused while management focuses on balance sheet optimization. Organic growth is centered on expanding C&I and small business relationships to diversify away from its historically CRE-heavy portfolio.