Third Quarter 2021 Earnings Presentation

Veritex Holdings, Inc.

3rd Quarter Earnings

Conference Call

October 27, 2021

Safe Harbor Statement

Forward-looking statements

This presentation contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on various facts and derived utilizing assumptions, current expectations, estimates and projections and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward- looking statements include, without limitation, statements relating to Veritex Holdings, Inc.'s ("Veritex") recent investment in Thrive Mortgage, the expected payment date of Veritex's quarterly cash dividend, the expected timing of completion of Veritex's acquisition of North Avenue Capital, LLC ("NAC"), impact of certain changes in Veritex's accounting policies, standards and interpretations, the effects of the COVID-19 pandemic and actions taken in response thereto, Veritex's future financial performance, business and growth strategy, projected plans and objectives, as well as other projections based on macroeconomic and industry trends, which are inherently unreliable due to the multiple factors that impact broader economic and industry trends, and any such variations may be material. Statements preceded by, followed by or that otherwise include the words "believes," "expects," "anticipates," "intends," "projects," "estimates," "plans" and similar expressions or future or conditional verbs such as "will," "should," "would," "may" and "could" are generally forward-looking in nature and not historical facts, although not all forward-looking statements include the foregoing words. Further, certain important factors could affect future results and cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, the possibility that Veritex's acquisition of NAC does not close when expected or at all because required regulatory, shareholder or other approvals and other conditions to closing are not received or satisfied on a timely basis or at all, the failure to close for any other reason, that the businesses of Veritex and NAC will not be integrated successfully, that the cost savings and any synergies from the proposed acquisition may not be fully realized or may take longer to realize than expected, disruption from the proposed acquisition making it more difficult to maintain relationships with employees, customers or other parties with whom Veritex or NAC have business relationships, diversion of management time on acquisition-related issues, the reaction to the transaction of the companies' customers, employees and counterparties and other factors, many of which are beyond the control of Veritex and NAC. 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, 2020 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 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 presentation 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.

This presentation also includes industry and trade association data, forecasts and information that Veritex has prepared based, in part, upon data, forecasts and information obtained from independent trade associations, industry publications and surveys, government agencies and other information publicly available to Veritex, which information may be specific to particular markets or geographic locations. Some data is also based on Veritex's good faith estimates, which are derived from management's knowledge of the industry and independent sources. Industry publications, surveys and forecasts generally state that the information contained therein has been obtained from sources believed to be reliable. Although Veritex believes these sources are reliable, Veritex has not independently verified the information contained therein. While Veritex is not aware of any misstatements regarding the industry data presented in this presentation, Veritex's estimates involve risks and uncertainties and are subject to change based on various factors. Similarly, Veritex believes that its internal research is reliable, even though such research has not been verified by independent sources.

2

Non-GAAP Financial Measures

Veritex reports its results in accordance with United States generally accepted accounting principles ("GAAP"). However, management believes that certain supplemental non-GAAP financial measures used in managing its business provide meaningful information to investors about underlying trends in its business. Management uses these non-GAAP measures to assess Veritex's operating performance and believes that these non-GAAP measures provide information that is important to investors and that is useful in understanding Veritex's results of operations. However, non-GAAP financial measures are supplemental and should be viewed in addition to, and not as an alternative for, Veritex's reported results prepared in accordance with GAAP. The following are the non-GAAP measures used in this presentation:

• Tangible book value per common share ("TBVPS");
• Tangible common equity to tangible assets;
• Return on average tangible common equity ("ROATCE");
• Operating earnings;
• Pre-tax,pre-provision ("PTPP") operating earnings;
• Diluted operating earnings per share ("EPS");
• Operating return on average assets ("ROAA");
• PTPP operating ROAA;
• Operating ROATCE;
• Operating efficiency ratio;
• Operating noninterest income;
• Operating noninterest expense; and
• Adjusted net interest margin ("NIM").

Please see "Reconciliation of Non-GAAP Financial Measures" at the end of this presentation for reconciliations of non-GAAP measures to the most directly comparable financial measures calculated in accordance with GAAP.

3

Third Quarter Overview

Strong

Earnings

Solid Loan

and Deposit

Growth

Diversifying

Revenue

Capital

Summary

• Net income of $36.8 million, or $0.73 diluted EPS, for 3Q21 compared to $29.5 million, or $0.59 diluted EPS, for 2Q21
• Operating earnings1 of $35.1 million, or $0.70 diluted operating EPS1, for 3Q21 compared to $30.0 million, or $0.60 diluted operating EPS, for 2Q21
• Return on average equity of 11.32% in 3Q21 and 10.43% YTD
• Operating ROATCE1 of 16.92% in 3Q21 and 16.57% YTD
• Total loans held for investment ("LHI"), excluding mortgage warehouse ("MW") and Paycheck Protection Program ("PPP") loans, increased $343.8 million, or 21.9% linked quarter annualized ("LQA")
• Total LHI, excluding MW and PPP, grew $768.0 million from December 31, 2020, or 17.5% annualized, and $826.6 million, or 14.3%, year over year ("YOY")
• Total deposits grew $199.9 million, or 11.4% LQA, and $956.2 million, or 15.4%, YOY
• Average cost of total deposits decreased to 0.20% for 3Q21 from 0.46% for 3Q20
• Completed 49% investment in Thrive Mortgage ("Thrive") in 3Q21
• Announced acquisition of North Avenue Capital, LLC ("NAC"), a regulated non-depository government guaranteed lender, on September 21, 2021. Transaction will close Nov. 1, 2021
• Book value per common share increased to $26.09 from $25.72 at June 30, 2021
• Tangible book value per common share1 increased to $17.53 from $17.16 at June 30, 2021
• Repurchased 328,122 shares at an average price of $34.85 during 3Q21 and extended the Stock Buyback Program to December 31, 2022
• Declared quarterly dividend of $0.20 payable on November 23, 2021

• Please refer to the "Reconciliation of Non-GAAP Financial Measures" at the end of this presentation for a description and reconciliation of these non-GAAP financial

measures.

4

Key Financial Metrics

Diluted EPS		Return on Average Tangible Common Equity1
	$0.73	17.39%		17.72%
	16.44%
$0.64
	17.17%	15.42%	16.92%
$0.60	$0.70
$0.60
			15.18%
$0.59

Tangible Book Value per Common Share1

$17.53

$17.16

$16.34

$15.70

$15.19

$0.46 $0.46

3Q20	4Q20	1Q21	2Q21	3Q21	1
		Diluted EPS				Diluted Operating EPS

ROAA

13.27%	12.84%

3Q20	4Q20	1	1Q21	2Q21	3Q21
		ROATCE				Operating ROATCE 1

Efficiency Ratio

3Q20

4Q20

1Q21

2Q21

3Q21

NPAs / Total Assets

1.82% 1.75% 1.82%

1.35% 1.46%

1.44%

1.06% 1.04%

	1.85%
1.66%
	1.56%
1.29%	1.48%
1.27%

62.52%

		52.42%
48.12%		51.63%	48.51%
49.49%
49.62%
48.11%
		47.55%

($ in millions)

1.2%	1.11%	0.99%	0.92%
1.0%			0.85%
			0.77%
	$96.4
0.8%	$87.6	$85.0
		$79.9
0.6%				$74.0
0.4%			-30%
0.2%
0.0%

3Q20

4Q20

1Q21

2Q21

3Q21

3Q20

4Q20

1Q21

2Q21

3Q21

Reported

Operating ROAA1

PTPP Operating1

Reported

Operating 1

3Q20	4Q20		1Q21	2Q21	3Q21
		NPAs				NPAs/Total Assets

1 Please refer to the "Reconciliation of Non-GAAP Financial Measures" at the end of this presentation for a description and reconciliation of these non-GAAP financial	5
measures.