Texas Capital Bancshares (TCBI) Tops Q4 EPS by 23c

Texas Capital Bancshares (NASDAQ: TCBI) reported Q4 EPS of $1.33, $0.23 better than the analyst estimate of $1.10.

• Net income of $71.9 million ($1.33 per diluted share) reported for the first quarter of 2021, an increase of $11.8 million on a linked quarter basis and an increase of $88.6 million from the first quarter of 2020.

"In my first 90 days as CEO, we have achieved momentum in establishing the foundation from which we can move forward," said Rob C. Holmes, President and CEO. "In the first quarter alone, we were able to execute the largest capital raise in our history and close on our first warehouse lending credit risk transfer transaction, both of which position TCBI for future growth. Looking ahead, we will continue to supplement our workforce with new talent, take steps to drive shareholder value and develop our fulsome long-term strategy. As promised, I look forward to sharing it with you in the third quarter."

For earnings history and earnings-related data on Texas Capital Bancshares (TCBI) click here.

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