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Mar 31, 2024
Texas Capital Bancshares Q1 2024 Earnings Report
Texas Capital Bancshares reported first quarter 2024 results, with net income of $26.1 million and earnings per diluted share of $0.46.
Key Takeaways
Texas Capital Bancshares, Inc. announced its first quarter 2024 results, reporting a net income available to common stockholders of $21.8 million, or $0.46 per diluted share. The quarter included expenses related to a legal settlement, FDIC special assessment, and restructuring activities. The company highlighted growth in loans and total deposits and maintained strong capital ratios.
Net income available to common stockholders was $21.8 million, or $0.46 per diluted share.
Loans held for investment grew by 2.4% during the quarter.
Total deposits increased by 7.1% in the first quarter.
Capital ratios remained strong, with a CET1 ratio of 12.4% and a Total Capital ratio of 16.6%.
Revenue by Segment
Forward Guidance
This communication contains forward-looking statements regarding TCBI’s financial condition, results of operations, business plans and future performance. Because forward-looking statements relate to future results and occurrences, they are subject to inherent and various uncertainties, risks, and changes in circumstances that are difficult to predict, may change over time, are based on management’s expectations and assumptions at the time the statements are made and are not guarantees of future results.
Positive Outlook
- TCBI’s ability to effectively manage its liquidity and maintain adequate regulatory capital to support its businesses
- TCBI’s ability to pursue and execute upon growth plans, whether as a function of capital, liquidity or other limitations
- TCBI’s ability to successfully execute its business strategy, including developing and executing new lines of business and new products and services
- TCBI’s ability to effectively manage information technology systems, including third party vendors, cyber or data privacy incidents or other failures, disruptions or security breaches
- The effectiveness of TCBI’s risk management processes strategies and monitoring
Challenges Ahead
- Economic or business conditions in Texas, the United States or globally that impact TCBI or its customers
Historical Earnings Impact
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Avg. Return Before/After Earnings
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