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Texas Capital Bancshares, Inc. Announces Operating Results for Q2 2014

Published on Jul 23, 2014

Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, announced earnings and operating results for the second quarter of 2014.

- Loans held for investment, excluding mortgage finance, increased 3% and total loans increased 11% on a linked quarter basis, growing 22% and 24%, respectively, from the second quarter of 2013.
- Mortgage finance loans increased 38% on a linked quarter basis and 30% from the second quarter of 2013.
- Demand deposits increased 21% and total deposits increased 11% on a linked quarter basis, growing 43% and 35%, respectively, from the second quarter of 2013.
- Net income increased 18% on a linked quarter basis and increased 39% from the second quarter of 2013.
- EPS increased 18% on a linked quarter basis and increased 37% from the second quarter of 2013.

“We are pleased to report another quarter of strong operating results with solid growth in both loans and deposits. Our success continues to result from leveraging our recruiting efforts and ability to increase market share,” said Keith Cargill, President and CEO. “Our business model is producing growth and earnings for our shareholders in a challenging rate and regulatory environment, while positioning us to take advantage of future increases in short-term rates.”

PDF Version (includes Financial Summary)

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