TCBI's steady progress on its ongoing strategic business plan, along with a solid balance sheet position, is set to aid its financials in the long run.
TCBI provides an update on its strategic plan, announced in September 2021. The company is advancing well toward achieving its performance goals.
Texas Capital's (TCBI) TCDL will become an integral part of Texas Financing's Corporate & Investment Bank, allowing its clients to access a broader range of financing solutions.
Texas Capital's (TCBI) second-quarter earnings miss estimates due to lower NII, higher provisions and expenses. However, a higher non-interest income and a rise in loans and deposits are positives.
The headline numbers for Texas Capital (TCBI) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Texas Capital (TCBI) came out with quarterly earnings of $0.80 per share, missing the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $1.33 per share a year ago.
Texas Capital (TCBI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Texas Capital Bancshares has stabilized financial results despite challenges from higher interest rates and deposit retention. Net interest margin and income remain above pandemic levels, with growing deposits and reduced reliance on external financing. Preferred shares are secure but relatively overvalued compared to peers, leading to a hold rating with potential for buying at lower prices.
Texas Capital's (TCBI) benefits from growth in net interest income and loan balance. However, a rise in expenses, along with weak asset quality, acts as headwinds.