Does Texas Capital (TCBI) have what it takes to be a top stock pick for momentum investors? Let's find out.
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TCBI's strong balance sheet profile and revenue growth look encouraging. Yet, rising expenses are concerning.
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Does Texas Capital (TCBI) have what it takes to be a top stock pick for momentum investors? Let's find out.
Texas Capital Bancshares saw a significant improvement in net interest income in Q3 due to increased deposits and reduced external debt. The bank's deposit growth outpaced peers, leading to a lower loan-to-deposit ratio and improved net interest margins. Risks include loan performance concerns and geographic concentration in Texas, with rising nonaccrual loans and a low allowance for credit losses.
Aluminum producer Alcoa (AA) and financial holding company Texas Capital Bancshares (TCBI) are two stocks to watch after crushing their Q3 earnings expectations on this week.
TCBI's Q3 results reflect an increase in revenues. A rise in loan & deposit balances is an added benefit.
Texas Capital Bancshares, Inc. (NASDAQ:TCBI ) Q3 2024 Earnings Conference Call October 17, 2024 9:00 AM ET Company Participants Rob Holmes - President and CEO Matt Scurlock - CFO Jocelyn Kukulka - Head of IR Conference Call Participants Woody Lay - KBW Ben Gerlinger - Citi Matt Olney - Stephens Michael Rose - Raymond James Operator Good morning, all, and thank you all for attending the Texas Capital Bancshares Third Quarter 2024 Earnings Conference Call. My name is Breka, and I will be your moderator for today.
Although the revenue and EPS for Texas Capital (TCBI) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Texas Capital (TCBI) came out with quarterly earnings of $1.62 per share, beating the Zacks Consensus Estimate of $0.97 per share. This compares to earnings of $1.18 per share a year ago.