NEWS

TCBI Announces Operating Results for Q3 2015

Published on Oct 21, 2015

Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, announced earnings and operating results for the third quarter of 2015.

“We are pleased to report another good quarter of growth in loans, deposits and earnings," said Keith Cargill, CEO. "We experienced quality growth in core loans held for investment during the quarter with the expected solid performance in our mortgage finance business. While we continue to monitor credit very closely, we experienced some improvement in non-performing levels in the third quarter. We launched our Mortgage Correspondent Aggregation ("MCA") program late in the quarter after completing the pilot phase."

• Loans held for investment ("LHI"), excluding mortgage finance, increased 4% and total LHI decreased 1% on a linked quarter basis, growing 19% and 18%, respectively, from the third quarter of 2014.
• Mortgage finance loans decreased 12% on a linked quarter basis and increased 14% from the third quarter of 2014.
• Demand deposits increased 1% and total deposits increased 7% on a linked quarter basis, growing 39% and 29%, respectively, from the third quarter of 2014.
• Net income decreased 2% on a linked quarter basis and increased 1% from the third quarter of 2014.
• EPS decreased 1% on a linked quarter basis, and decreased 4% from the third quarter of 2014.

PDF Version (includes Financial Summary)