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TCBI Announces Operating Results for Q1 2016

Published on Apr 20, 2016
Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, announced earnings and operating results for the first quarter of 2016.

Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, announced earnings and operating results for the first quarter of 2016.

“We started 2016 with good core loan growth, and a solid mortgage finance quarter," said Keith Cargill, CEO. "As energy prices remain low across the futures curve, we have accelerated planned loan loss provisions but continue to believe that full-year guidance provided in January will accommodate first quarter provision and potential exposure for the remainder of 2016. Our MCA business continues to gain traction, positioning it to contribute more significantly in the last half of 2016."

• Loans held for investment ("LHI"), excluding mortgage finance, increased 3% and total LHI increased 2% on a linked quarter basis, growing 12% and 5%, respectively, from the first quarter of 2015.
• Mortgage finance loans increased less than 1% on a linked quarter basis and decreased 8% from the first quarter of 2015.
• Demand deposits increased 17% and total deposits increased 8% on a linked quarter basis, growing 23% and 15%, respectively, from the first quarter of 2015.
• Net income decreased 28% on a linked quarter basis and decreased 28% from the first quarter of 2015.
• EPS decreased 30% on a linked quarter basis, and decreased 30% from the first quarter of 2015.

PDF Version (includes Financial Summary)

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