MASHINIi

Veritex Holdings, Inc..

VBTX.US | Other monetary intermediation

Veritex Holdings, Inc. operates as the bank holding company for Veritex Community Bank, which provides various commercial banking products and services to small to medium-sized businesses and professionals in Texas. The company offers deposit products, including checking, savings, and money market a...Show More

Ethical Profile

Mixed.

Veritex Holdings, Inc. presents a mixed ethical profile. The company invested $7.5 million in cybersecurity in 2023, achieving a 99.8% intrusion prevention rate and a 12-minute incident response time, though a phishing incident occurred in 2021. Veritex also supports communities by partnering with Lone Star Legal Aid for low-income individuals, providing grants for veteran housing, and offering COVID relief lending. For honest business, a confidential whistleblower hotline and Anti-Money Laundering policies are in place, but data on regulatory fines or transparency is not publicly available. Many areas, including fair pay and environmental impact, lack sufficient public information for a definitive assessment.

Value Scores

Better Health for All0
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect0
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business-40
-100100
Kind to Animals0
-100100
No War, No Weapons0
-100100
Planet-Friendly Business0
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech-20
-100100
Zero Waste & Sustainable Products0
-100100

Better Health for All

0

Veritex Holdings, Inc. operates as a bank holding company, and its core products and services do not have a direct positive or negative impact on health, nor do they carry health risks or require health-related R&D.

1
Therefore, most health-related KPIs are not applicable. While the company engages in community development, including lending to low-to-moderate income (LMI) communities,
2
providing housing grants to veterans,
3
and supporting financial literacy,
4
these activities are not directly related to health needs as defined by the 'Better Health for All' value, which focuses on medical treatments, preventative healthcare, or mental/physical wellness programs. The company's COVID relief lending is noted,
5
but the articles do not provide sufficient detail to assess its flexibility or the percentage of crisis-related revenue donated, making it not applicable for scoring under the 'global_health_crisis_response' KPI.

Fair Money & Economic Opportunity

0

No evidence available to assess Veritex Holdings, Inc. on Fair Money & Economic Opportunity.

Fair Pay & Worker Respect

0

No evidence available to assess Veritex Holdings, Inc. on Fair Pay & Worker Respect.

Fair Trade & Ethical Sourcing

0

No evidence available to assess Veritex Holdings, Inc. on Fair Trade & Ethical Sourcing.

Honest & Fair Business

-40

The company has a publicly available, anonymous whistleblower hotline and a secure web form for complaints related to accounting, internal accounting controls, or auditing matters, which are handled by the Audit Committee.

1
It maintains an Anti-Money Laundering/Counter Terrorism Financing Policy and Sanctions Policy, with annual employee review and attestation.
2
The company utilizes Verafin AML monitoring software, conducts annual compliance training, and provides quarterly reports to the Risk Committee.
3

Kind to Animals

0

Veritex Holdings, Inc. operates as a bank holding company providing financial services. Its core business model does not involve products requiring cruelty-free certification, animal testing, animal-derived ingredients, animal-related operations, or direct impact on wildlife habitats. Therefore, all KPIs related to animal welfare are not applicable to the company's operations.

No War, No Weapons

0

No evidence available to assess Veritex Holdings, Inc. on No War, No Weapons.

Planet-Friendly Business

0

There is insufficient public information to assess Veritex Holdings, Inc. against the Planet-Friendly Business value.

1
No specific, quantitative data is available regarding greenhouse gas emissions (Scope 1, 2, or 3), science-based targets, renewable energy consumption, water use, green building certifications, waste diversion rates, or any climate-related investments or policies.
2
The articles explicitly state a lack of public information for a definitive assessment across all environmental metrics.
3

Respect for Cultures & Communities

0

No evidence available to assess Veritex Holdings, Inc. on Respect for Cultures & Communities.

Safe & Smart Tech

-20

Veritex Holdings has had no breaches in the past three years, with a phishing incident reported in 2021 that had minimal impact and a successful response.

1
The company allocated $7.5 million to cybersecurity infrastructure in 2023, which is 2.1% of its $342.6 million revenue, placing it at the industry average.
2
Email encryption is implemented, and the company blocks 60,000 malicious emails per month.
3
Users have some control over their data, such as restricting app access to geolocation data, and a secure customer portal is available for confidential information.
4
Multi-factor authentication is available for critical systems and customers.
5
The company conducts daily, weekly, and periodic internal vulnerability scans, annual penetration testing, and annual external and internal vulnerability assessments.
6
Veritex Holdings monitors compliance with Gramm-Leach-Bliley and Sarbanes-Oxley Acts, adheres to AML guidelines, TILA, and ECOA, and is compliant with the Dodd-Frank Act, achieving a 99.4% consumer complaint resolution rate with an average resolution time of 3.2 business days.
7

Zero Waste & Sustainable Products

0

No specific quantitative data or relevant information regarding waste diversion rates, product recyclability, packaging sustainability, recycled content, single-use plastic reduction, take-back programs, circular design, waste reduction initiatives, hazardous waste management, product durability, repairability scores, waste audit frequency, zero-waste certifications, waste disposal violations, material efficiency, packaging-to-product ratios, waste reduction targets, supplier waste requirements, or customer waste education is available in the provided articles for Veritex Holdings, Inc.

1
The articles focus on general corporate social responsibility, community involvement, and overall ESG rankings without detailing specific metrics related to zero waste or sustainable products.

Own Veritex Holdings, Inc.?

Upload your portfolio and see how all your holdings score across 11 ethical dimensions.

Audit My Portfolio

AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.