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. ...

DALLAS, June 26, 2024 (GLOBE NEWSWIRE) -- Texas Capital Bancshares, Inc. (NASDAQ:TCBI), the parent company of Texas Capital, today announced it will open a new financial center in Southlake, Texas next month. It will be the first location of its kind for the firm, transforming its retail strategy to meet the evolving needs of the clients within the markets it serves across Texas. "At Texas Capital, our goal is to deliver high touch, personalized service while pairing it with the right products and solutions ...

Texas Capital Bancshares, Inc.'s (TCBI) increase in net interest income (NII) and steady loan growth will continue to support its financials. Given the company's strong liquidity position, its capital distribution activities seem sustainable. However, an elevated expense base and deteriorating asset quality are a major concern. Texas Capital is focused on growing organically. An elevated level of investment banking, trading income and higher NII drove revenues to witness a compound annual growth rate (CAGR) ...

Oman joins Texas Capital from PricewaterhouseCoopers (PwC) where he served as a Managing Director in the firm's financial risk practice. Prior to PwC, he led strategic execution in market risk, global markets infrastructure, credit risk review, global wealth and investment management, emerging markets risk and counterparty risk for firms in New York and London, including Bank of New York Mellon, Credit Suisse AG, Bank of America Merrill Lynch and UBS, among others. "David's extensive professional experience ...