NEWS

TCBI ANNOUNCES OPERATING RESULTS FOR Q3 2018

Published on Oct 17, 2018
Texas Capital Bancshares, Inc. (NASDAQ: TCBI) announced earnings and operating results for the third quarter of 2018.

DALLAS - October 17, 2018 - Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, announced earnings and operating results for the third quarter of 2018.

“We continue to focus on strategic initiatives to position ourselves for the future while delivering record financial results," said Keith Cargill, CEO. "Positioning for through-the-cycle credit quality, broadening our funding profile and driving efficiencies, as we enhance the client experience, are top of mind."

  • Loans held for investment ("LHI"), excluding mortgage finance, remained flat on a linked quarter basis, growing 12% from the third quarter of 2017.

  • Total mortgage finance loans, including mortgage correspondent aggregation ("MCA") loans, decreased 1% on a linked quarter basis, and increased 8% from the third quarter of 2017.

  • Demand deposits decreased 8% and total deposits remained flat on a linked quarter basis, decreasing 15% and increasing 7%, respectively, from the third quarter of 2017.

  • Net income increased 20% on a linked quarter basis and increased 46% from the third quarter of 2017.

  • EPS increased 20% on a linked quarter basis and increased 47% from the third quarter of 2017.

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