NEWS

TCBI ANNOUNCES OPERATING RESULTS FOR Q1 2018

Published on Apr 18, 2018
Texas Capital Bancshares, Inc. (NASDAQ: TCBI) announced earnings and operating results for the first quarter of 2018.

DALLAS - April 18, 2018 - Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, announced earnings and operating results for the first quarter of 2018.

“We begin 2018 with strong operating results and continued traditional LHI growth, with the expected first quarter seasonal contraction in the mortgage finance business," said Keith Cargill, CEO. "We remain focused on gaining efficiencies and improving client experience, positioning us for long-term success."

  • Loans held for investment ("LHI"), excluding mortgage finance, increased 2% on a linked quarter basis, growing 18% from the first quarter of 2017.

  • Total mortgage finance loans, including mortgage correspondent aggregation ("MCA") loans, decreased 9% on a linked quarter basis and increased 36% from the first quarter of 2017.

  • Demand deposits decreased 5% and total deposits decreased 2% on a linked quarter basis, increasing 4% and 13%, respectively, from the first quarter of 2017.

  • Net income increased 61% on a linked quarter basis and increased 69% from the first quarter of 2017.

  • EPS increased 64% on a linked quarter basis and increased 73% from the first quarter of 2017.

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