Texas Capital: Q3 Earnings Snapshot
By AP News
Published - Oct 17, 2024, 06:17 AM ET
Last Updated - Dec 16, 2024, 06:15 PM EST
DALLAS (AP) — DALLAS (AP) — Texas Capital Bancshares Inc. (TCBI) on Thursday reported a loss of $61.3 million in its third quarter.
The bank, based in Dallas, said it had a loss of $1.41 per share. Earnings, adjusted for non-recurring costs and restructuring costs, were $1.62 per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 97 cents per share.
The holding company for Texas Capital Bank posted revenue of $517.3 million in the period. Its revenue net of interest expense was $304.9 million, also topping Street forecasts. Five analysts surveyed by Zacks expected $279.6 million.
