Texas Capital Bancshares (TCBI) Misses Q3 EPS by 5c

Texas Capital Bancshares (NASDAQ: TCBI) reported Q3 EPS of $1.65, $0.05 worse than the analyst estimate of $1.70.

“We continue to focus on strategic initiatives to position ourselves for the future while delivering record financial results," said Keith Cargill, CEO. "Positioning for through-the-cycle credit quality, broadening our funding profile and driving efficiencies, as we enhance the client experience, are top of mind."

• Loans held for investment ("LHI"), excluding mortgage finance, remained flat on a linked quarter basis, growing 12% from the third quarter of 2017.
• Total mortgage finance loans, including mortgage correspondent aggregation ("MCA") loans, decreased 1% on a linked quarter basis, and increased 8% from the third quarter of 2017.
• Demand deposits decreased 8% and total deposits remained flat on a linked quarter basis, decreasing 15% and increasing 7%, respectively, from the third quarter of 2017.
• Net income increased 20% on a linked quarter basis and increased 46% from the third quarter of 2017.
• EPS increased 20% on a linked quarter basis and increased 47% from the third quarter of 2017.

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

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