Texas Capital (TCBI) came out with quarterly earnings of $1.62 per share, beating the Zacks Consensus Estimate of $0.97 per share. This compares to earnings of $1.18 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 67.01%. A quarter ago, it was expected that this holding company for Texas Capital Bank would post earnings of $0.87 per share when it actually produced earnings of $0.80, delivering a surprise of -8.05%. Over the l ...

Record level of income in fee areas of focus(1) Quarterly strategic actions include acquisition of $332 million commercial loan portfolio and balance sheet repositioning of the proceeds from $1.2 billion sale of lower-yielding available-for-sale securities into higher yielding securities Book Value and Tangible Book Value(2) per share both increased 14% year over year, reaching record levels Capital ratios continue to be strong, including 11.2% CET1 and 15.2% Total Capital DALLAS, Oct. 17, 2024 (GLOBE NEWSW ...

Wall Street analysts forecast that Texas Capital (TCBI) will report quarterly earnings of $0.97 per share in its upcoming release, pointing to a year-over-year decline of 17.8%. It is anticipated that revenues will amount to $279.64 million, exhibiting an increase of 0.3% compared to the year-ago quarter. The consensus EPS estimate for the quarter has undergone an upward revision of 6.4% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reasse ...

Texas Capital Bancshares, Inc. (TCBI) stock looks like an attractive investment option now. With ongoing progress in its strategic business plan, the company is well-poised to capitalize on growth opportunities while continuing to enhance its financial stability and operational capabilities. A strong capital position is an added positive. Analysts seem optimistic regarding TCBI's earnings growth potential. The Zacks Consensus Estimate for the company's 2024 earnings has been revised 5.7% upward over the pas ...

DALLAS, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, today announced that it expects to issue financial results for the third quarter of 2024 before market on Thursday, October 17, 2024. Executive management will host a conference call and webcast to discuss third quarter 2024 operating results on Thursday, October 17, 2024, at 9:00 a.m. EDT. Participants may pre-register for the call by visiting https://www.netroadshow.com/events ...

Texas Capital Bancshares (TCBI) — the parent company of Texas Capital — rose 4% on Friday. The upside followed after TCBI announced major strides in its strategic plan that will advance the company toward achieving performance goals specified in its Sept. 1, 2021, strategic plan. These actions include an acquisition, balance sheet restructuring, and operational enhancements and are expected to generate long-term value. Texas Capital 2021 Strategic Plan at a Glance Before discussing TCBI's progress under its ...

DALLAS, Sept. 06, 2024 (GLOBE NEWSWIRE) -- Texas Capital Bancshares, Inc., the parent company of Texas Capital, led by President & CEO, Rob C. Holmes, today announced a series of actions that materially progresses the firm towards realization of the performance targets outlined in its strategic plan, communicated on September 1, 2021. "Three years after announcing our strategic plan, we are pleased with the tremendous progress made building a balance sheet and a business model worthy of serving the best cli ...

Texas Capital Bancshares, Inc. (TCBI) announced a new private credit strategy with the launch of the Texas Capital Direct Lending (TCDL) platform. The new platform will focus on Texas-based middle market companies and private equity sponsors, with an emphasis on senior secured floating rate term loans. TCDL will offer non-bank private capital to the middle market. TCDL will be an integral part of Texas Financing's Corporate & Investment Bank, allowing Texas Capital clients and prospects to access a broader ...

DALLAS, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Texas Capital Bancshares, Inc. (NASDAQ:TCBI), the parent company of Texas Capital, today announced that Todd Jordan has joined Texas Capital as Austin Market President and leader of Austin Middle Market Banking. In his new role, Jordan is responsible for delivering best-in-class products and solutions with a strong focus on client service, driving Texas Capital's strategy and instilling the firm's culture across Central Texas. Jordan joins Texas Capital from Bank of ...

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 ...