Texas Capital (TCBI) Q1 Earnings Beat Estimates, NII Falls Y/Y [Yahoo! Finance]
Texas Capital Bancshares, Inc. (TCBI)
Last texas capital bancshares, inc. earnings: 4/22 04:03 pm
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Source: Yahoo! Finance
However, earnings compared unfavorably with 70 cents reported in the year-ago quarter. TCBI's results benefitted from an increase in non-interest income and higher loan and deposit balances. Additionally, strong capital position and lower provisions were other positives. However, a decline in net interest income (NII) and an increase in expenses were the undermining factors. Net income available to common shareholders was $21.8 million, plunging 36.4% from the prior-year quarter. Revenues Decline and Expenses Rise Total revenues decreased 6% year over year to $256.3 million. The top line surpassed the Zacks Consensus Estimate of $253.3 million. NII was $215 million, which declined 8.6% year over year. The fall was primarily due to an increase in funding costs, partially offset by a rise in yields on average earning assets. NIM of 3.03% during the quarter contracted 30 basis points year over year. Non-interest income increased 10.5% to $41.3 million. The rise was mainly d
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News
- Deutsche Bank (DB) Q1 Earnings & Revenues Rise Y/Y, Stock Up [Yahoo! Finance]Yahoo! Finance
- Texas Capital Bancshares, Inc. Announces Quarterly Dividend for Preferred StockGlobeNewswire
- Texas Capital Bancshares, Inc. (NASDAQ: TCBI) had its price target lowered by analysts at Truist Financial Co. from $66.00 to $61.00. They now have a "hold" rating on the stock.MarketBeat
- Texas Capital Bancshares, Inc. (NASDAQ: TCBI) had its price target lowered by analysts at Keefe, Bruyette & Woods from $76.00 to $74.00. They now have an "outperform" rating on the stock.MarketBeat
- Texas Capital Bancshares, Inc. (NASDAQ: TCBI) had its price target lowered by analysts at Stephens from $78.00 to $73.00. They now have an "overweight" rating on the stock.MarketBeat
TCBI
Earnings
- 4/18/24 - Miss
TCBI
Sec Filings
- 4/25/24 - Form 4
- 4/25/24 - Form 4
- 4/25/24 - Form 4
- TCBI's page on the SEC website