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Dec 31, 2020
Texas Capital Bancshares Q4 2020 Earnings Report
Texas Capital Bancshares reported strong Q4 results amidst a challenging year.
Key Takeaways
Texas Capital Bancshares, Inc. reported a net income of $60.2 million for Q4 2020, a slight decrease compared to Q4 2019. The company successfully deployed $1.8 billion of excess liquidity into higher yielding investment securities and improved credit quality, reflecting declines in non-performing assets and criticized loans.
Net income was $60.2 million ($1.14 per share) for Q4 2020, an increase from the previous quarter but a decrease from Q4 2019.
Average mortgage finance loans held for investment increased 5% on a linked quarter basis and 21% year-over-year.
Credit quality improved with declines in non-performing assets and criticized loans.
Successfully deployed $1.8 billion of excess liquidity into higher yielding investment securities.