TCBI - Texas Capital Bancshares GAAP EPS of $1.33 beats by $0.38 revenue of $278M beats by $7.89M

2023-07-20 06:04:21 ET

• Texas Capital Bancshares press release ( NASDAQ: TCBI ): Q2 GAAP EPS of $1.33 beats by $0.38 .
• Revenue of $278M (+19.9% Y/Y) beats by $7.89M .
• Provision for credit losses for the second quarter of 2023 was $7.0 million, compared to a $28.0 million provision for credit losses for the first quarter of 2023. The $7.0 million provision for credit losses recorded in the second quarter of 2023 resulted primarily from decreases in net charge-offs and non-accrual loans, partially offset by increases in total loans held for investment (“LHI”) and criticized loans.

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