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Texas Capital: Q1 Earnings Snapshot

DALLAS (AP) — DALLAS (AP) — Texas Capital Bancshares Inc. (TCBI) on Thursday reported first-quarter net income of $73.8 million.

The Dallas-based bank said it had earnings of $1.56 per share. Earnings, adjusted for non-recurring costs, were $1.58 per share.

The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.42 per share.

The holding company for Texas Capital Bank posted revenue of $488.4 million in the period. Its revenue net of interest expense was $324 million, which also topped Street forecasts. Five analysts surveyed by Zacks expected $319.5 million.

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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

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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.
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