Texas Capital Bancshares, Inc. (TCBI) reported second-quarter 2024 earnings per share of 80 cents (excluding non-recurring items), which missed the Zacks Consensus Estimate of 87 cents. Moreover, earnings compared unfavorably with $1.33 reported in the year-ago quarter. TCBI's results benefited from an increase in non-interest income and higher loan and deposit balances. However, a decline in net interest income (NII) and an increase in expenses were the undermining factors. Net income available to common s ...

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS The Company repurchased shares of its common stock in the open market during the six months ended June 30, 2024 as follows: | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------------|------------------------------------------|-------|-------------|-------------------------|-------------------------------------------------------------------------------------------------------------|-----------------------------|----------- ...

I know you guys gave the guidance just a second ago here and the balance sheet sensitivity obviously moves quarter-to-quarter. You're looking at just strictly on a static basis, largely due to the mortgage warehouse differential. But the markets were to kind of see a cut a quarter, it's like 3Q, 4Q and then one, two early next year. I know it's not an official guidance. Can you just talk about maybe the potential impact that you would see on either left and right side of the balance sheet, considering you g ...

This quarterly report represents an earnings surprise of -8.05%. A quarter ago, it was expected that this holding company for Texas Capital Bank would post earnings of $0.59 per share when it actually produced earnings of $0.62, delivering a surprise of 5.08%. What's Next for Texas Capital? It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.03 on $279.9 million in revenues for the coming quarter and $ ...

| --- | --- | |-------|-------------------------------------------------------------------------------------------| | | | | | INVESTOR CONTACT Jocelyn Kukulka, 469.399.8544 jocelyn.kukulka@texascapitalbank.com | | | MEDIA CONTACT Julia Monter, 469.399.8425 julia.monter@texascapitalbank.com | DALLAS - July 18, 2024 - Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, announced operating results for the second quarter of 2024. Net income available to common stockholders w ...

CREDIT QUALITY SELECTED FINANCIAL HIGHLIGHTS (UNAUDITED) CONSOLIDATED BALANCE SHEET DATA | --- | --- | --- | --- | --- | --- | |------------------------------------------------------------------------------------------------------------------|-----------------|-------|-----------------|---------|-------| | Issued shares - 300,000 shares issued at June 30, 2024 and 2023 | 300,000 | | 300,000 | — | % | | Common stock, $.01 par value: | | | | | | | Authorized shares - 100,000,000 | | | | | | | Issued shares - ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Texas Capital (TCBI) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. Zacks Consensus Estimate The consensus EPS estimate for the quarter has been revised 1.09% lower over the last 30 days to the current level. This is ...

The increase in interest rates to fight inflation has led to Texas Capital's asset yields to rise from under 3% to nearly 6% in three years. Consequently, borrowing yields have risen from under 1% to nearing 5% over the same period. While the rise in borrowing yields has been stronger, causing the net interest spread to plunge, the net interest margin has rallied over the same time and is currently sitting above pandemic levels. The net interest margin is a more important measure because it demonstrates the ...

Based in Houston, Texas, Fenn will lead a skilled team of bankers across five cities within the state, with a focus on cultivating strong client relationships and driving the company's growth. In his role, he will continue the firm's leadership in delivering to Business Banking clients best-in-class products and solutions with a strong focus on client service. Fenn will report directly to Jay Clingman, Managing Director, Head of Commercial Banking, who oversees commercial strategy and client base expansion. ...

Based in Houston, Texas, Fenn will lead a skilled team of bankers across five cities within the state, with a focus on cultivating strong client relationships and driving the company's growth. In his role, he will continue the firm's leadership in delivering to Business Banking clients best-in-class products and solutions with a strong focus on client service. Fenn will report directly to Jay Clingman, Managing Director, Head of Commercial Banking, who oversees commercial strategy and client base expansion. ...