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Texas Capital Bancshares, Inc. Announces Operating Results for Q3 2014

Published on Oct 22, 2014

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

“We are pleased to report another strong quarter of operating results and exceptional growth in loans and deposits,” said Keith Cargill, President and CEO. ”The business model is producing growth in key lines of business, with the anticipated improvements in operating leverage while maintaining a critical focus on credit quality. We are producing favorable returns for our shareholders and building liquidity as we position the Company to take advantage of opportunities in our markets and lines of business.”

• Loans held for investment, excluding mortgage finance, increased 6% and total loans increased 5% on a linked quarter basis, growing 20% and 31%, respectively, from the third quarter of 2013.
• Mortgage finance loans increased 2% on a linked quarter basis and 67% from the third quarter of 2013.
• Demand deposits increased 13% and total deposits increased 9% on a linked quarter basis, growing 46% and 31%, respectively, from the third quarter of 2013.
• Net income increased 10% on a linked quarter basis and from the third quarter of 2013.
• EPS increased 10% on a linked quarter basis and increased 5% from the third quarter of 2013.

PDF Version (includes Financial Summary)

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