Texas Capital Bancshares (TCBI) Tops Q2 EPS by 2c

Texas Capital Bancshares (NASDAQ: TCBI) reported Q2 EPS of $0.71, $0.02 better than the analyst estimate of $0.69.

• Loans held for investment, excluding mortgage finance, increased 3% and total loans increased 11% on a linked quarter basis, growing 22% and 24%, respectively, from the second quarter of 2013.
• Mortgage finance loans increased 38% on a linked quarter basis and 30% from the second quarter of 2013.
• Demand deposits increased 21% and total deposits increased 11% on a linked quarter basis, growing 43% and 35%, respectively, from the second quarter of 2013.
• Net income increased 18% on a linked quarter basis and increased 39% from the second quarter of 2013.
• EPS increased 18% on a linked quarter basis and increased 37% from the second quarter of 2013.

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

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