Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, announced earnings and operating results for the fourth quarter and full year of 2013.
• Net income decreased 9% on a linked quarter basis and decreased 3% from the fourth quarter of 2012
• EPS decreased 9% on a linked quarter basis and decreased 12% from the fourth quarter of 2012
• Demand deposits increased 3% and total deposits increased 3% on a linked quarter basis, growing 32% and 24%, respectively, from the fourth quarter of 2012
• Loans held for investment, excluding mortgage finance, increased 5% and total loans increased 9% on a linked quarter basis, growing 25% and 13%, respectively, from the fourth quarter of 2012
“2013 has been an extraordinary year for Texas Capital as we continue to build our business consistent with our successful, long-standing model,” said Keith Cargill, CEO. “As we win top client-facing talent and the critically important people who deliver outstanding service, products and support, we build growing earnings power for the future. This is consistent with our upcoming capital raise to support our anticipated strong growth.”
PDF Version (includes Financial Summary)