Texas Capital Bancshares Q3 2021 Earnings Report
Key Takeaways
Texas Capital Bancshares reported a net income of $43.4 million for Q3 2021, a decrease compared to both the previous quarter and the same quarter last year. The company is focusing on a transformative vision aimed at achieving higher quality, more sustainable earnings.
Net income was $43.4 million, or $0.76 per diluted share, down from both Q2 2021 and Q3 2020.
Provision for credit losses was $5.0 million, compared to a negative provision of $19.0 million in Q2 2021 and a provision of $30.0 million in Q3 2020.
A $12.0 million write-off of certain software assets was recorded to reposition capitalized technology investment.
Loans held for investment (excluding mortgage finance loans) increased slightly on a linked quarter basis but decreased compared to Q3 2020.
Texas Capital Bancshares
Texas Capital Bancshares
Texas Capital Bancshares Revenue by Segment
Forward Guidance
This document does not contain forward guidance.