Texas Capital Bancshares (TCBI) Tops Q3 EPS by 1c
Texas Capital Bancshares (NASDAQ: TCBI) reported Q3 EPS of $0.87, $0.01 better than the analyst estimate of $0.86.
"We are extremely pleased with our third quarter results, highlighted with continued improvement in core earnings and efficiency," said Keith Cargill, CEO. "Proactively managing credit is an ongoing focus and key to our continued success. Our ability to attract and develop great talent as well as partner with exceptional clients will drive future risk-appropriate growth in earnings and ROE and solidifies our outlook for a bright future."
- Loans held for investment ("LHI"), excluding mortgage finance, increased 1% and total LHI decreased 1% on a linked quarter basis (increased 3% and 3% on an average basis, respectively), growing 10% and 11%, respectively, from the third quarter of 2015.
- Mortgage finance loans decreased 6% on a linked quarter basis (increased 6% on an average basis) and increased 15% from the third quarter of 2015.
- Demand deposits increased 10% and total deposits increased 9% on a linked quarter basis (increased 14% and 6% on an average basis, respectively), growing 34% and 20%, respectively, from the third quarter of 2015.
- Net income increased 10% on a linked quarter basis and increased 15% from the third quarter of 2015.
- EPS increased 12% on a linked quarter basis and increased 16% from the third quarter of 2015.
For earnings history and earnings-related data on Texas Capital Bancshares (TCBI) click here.
