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Mar 31, 2023
Texas Capital Bancshares Q1 2023 Earnings Report
Announced first quarter 2023 results with net income of $38.7 million and EPS of $0.70.
Key Takeaways
Texas Capital Bancshares, Inc. reported a net income available to common stockholders of $34.3 million, or $0.70 per diluted share, for the first quarter of 2023. The company maintained top tier liquidity and capital ratios and added a record number of new clients.
Net income available to common stockholders was $34.3 million, or $0.70 per diluted share.
Pre-Provision Net Revenue grew $28.0 million (55%) compared to first quarter 2022.
Cash and Securities to Total Assets of 28.0% and Tangible Common Equity to Tangible Assets of 9.7%.
Total deposits declined 3% due to execution of long-term deposit mix shift away from highest cost sources.
Forward Guidance
This communication contains forward-looking statements regarding TCBI’s financial condition, results of operations, business plans and future performance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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