Texas Capital Bancshares Inc reports results for the quarter ended in June

Reuters

Texas Capital Bancshares Inc reports results for the quarter ended in June - Earnings Summary

18. Jul. 2024 um 1:51 nachm. GMT

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Texas Capital Bancshares Inc TCBI.OQ reported quarterly adjusted earnings of 80 cents per share for the quarter ended in June, lower than the same quarter last year, when the company reported EPS of $1.33. The mean expectation of fifteen analysts for the quarter was for earnings of 86 cents per share. Wall Street expected results to range from 71 cents to 97 cents per share.
Revenue fell 1.4% to $267.01 million from a year ago; analysts expected $267.24 million.
Texas Capital Bancshares Inc's reported EPS for the quarter was 80 cents.
The company reported quarterly net income of $37.35 million.
Texas Capital Bancshares Inc shares had risen by 15.6% this quarter and gained 9.4% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 0.4% in the last three months.
In the last 30 days, five analysts negatively revised earnings estimates

RECOMMENDATIONS

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy," 9 "hold" and 3 "sell" or "strong sell."
The average consensus recommendation for the banks peer group is also "hold"

Wall Street's median 12-month price target for Texas Capital Bancshares Inc is $62.00

This summary was machine generated from LSEG data July 18 at 01:51 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)