Texas Capital Bancshares Q2 2021 Earnings Report
Key Takeaways
Texas Capital Bancshares reported a net income of $73.5 million for Q2 2021, an increase of $1.5 million on a linked quarter basis and an increase of $107.8 million from Q2 2020. The company executed its largest capital markets transaction to-date with a $375.0 million subordinated note issuance and made the strategic decision to sell its portfolio of mortgage servicing rights.
Net income of $73.5 million ($1.31 per diluted share) reported for Q2 2021, an increase of $1.5 million on a linked quarter basis and an increase of $107.8 million from Q2 2020.
Loans held for investment (LHI), excluding mortgage finance loans, decreased 1% on a linked quarter basis and decreased 8% from the second quarter of 2020.
Total mortgage finance loans, including mortgage correspondent aggregation (MCA) loans held for sale (LHS), decreased 4% on a linked quarter basis and decreased 6% from the second quarter of 2020.
Demand deposits decreased 6% and total deposits decreased 14% on a linked quarter basis, and increased 31% and decreased 4%, respectively, from the second quarter of 2020.