Skip to main content

Texas Capital: Q4 Earnings Snapshot

DALLAS (AP) — DALLAS (AP) — Texas Capital Bancshares Inc. (TCBI) on Thursday reported fourth-quarter earnings of $100.7 million.

The Dallas-based bank said it had earnings of $2.12 per share. Earnings, adjusted for non-recurring gains, came to $2.08 per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.78 per share.

The holding company for Texas Capital Bank posted revenue of $504.4 million in the period. Its revenue net of interest expense was $327.5 million, which also topped Street forecasts. Four analysts surveyed by Zacks expected $323.1 million.

For the year, the company reported profit of $330.2 million, or $6.79 per share. Revenue was reported as $1.26 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TCBI at https://www.zacks.com/ap/TCBI

One Tech Tip: What to know about flying with lithium ion portable battery chargers

Jetting off soon for summer travels? If you're planning on bringing an extra battery charger for your phone or other devices, be aware of the latest rules when taking one on a flight. Rechargeable lithium-ion portable battery chargers, also known as power banks, come in protective enclosures of various shapes and sizes. They're a handy and popular way for getting more juice when you're on the move. But after a spate of smoke or fire incidents, U.S. and international aviation authorities have issued new guidelines and airlines have tightened up rules for passengers. Here's a guide on flying with power banks.
Read Next Story

Related News

Knicks take 1-0 lead into game 2 against the Spurs

Beijing bans 4 New Zealand lawmakers from entering China because they visited Taiwan

Police warn families of Tiananmen crackdown dead not to visit graves on 37th anniversary