Texas Capital Bancshares Q1 2021 Earnings Report
Key Takeaways
Texas Capital Bancshares reported a net income of $71.9 million for Q1 2021, marking an increase of $11.8 million on a linked quarter basis and $88.6 million compared to Q1 2020. The company executed its largest capital raise and closed its first warehouse lending credit risk transfer transaction, positioning TCBI for future growth.
Net income of $71.9 million ($1.33 per diluted share) reported for the first quarter of 2021, an increase of $11.8 million on a linked quarter basis and an increase of $88.6 million from the first quarter of 2020.
Total mortgage finance loans, including mortgage correspondent aggregation ("MCA") loans held for sale ("LHS"), decreased 2% on a linked quarter basis and increased 10% from the first quarter of 2020.
Demand deposits increased 19% and total deposits increased 8% on a linked quarter basis, and increased 61% and 23%, respectively, from the first quarter of 2020.
Loans held for investment ("LHI"), excluding mortgage finance loans, were flat on a linked quarter basis and decreased 9% from the first quarter of 2020.
Texas Capital Bancshares
Texas Capital Bancshares
Forward Guidance
The CEO looks forward to sharing the company's long-term strategy in the third quarter.