Texas Capital Bancshares (TCBI) Tops Q1 EPS by 4c

Texas Capital Bancshares (NASDAQ: TCBI) reported Q1 EPS of $1.38, $0.04 better than the analyst estimate of $1.34. Revenue for the quarter came in at $253.87 million versus the consensus estimate of $224.55 million.

• Loans held for investment ("LHI"), excluding mortgage finance, increased 2% on a linked quarter basis, growing 18% from the first quarter of 2017.
• Total mortgage finance loans, including mortgage correspondent aggregation ("MCA") loans, decreased 9% on a linked quarter basis and increased 36% from the first quarter of 2017.
• Demand deposits decreased 5% and total deposits decreased 2% on a linked quarter basis, increasing 4% and 13%, respectively, from the first quarter of 2017.
• Net income increased 61% on a linked quarter basis and increased 69% from the first quarter of 2017.
• EPS increased 64% on a linked quarter basis and increased 73% from the first quarter of 2017.

For earnings history and earnings-related data on Texas Capital Bancshares (TCBI) click here.

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