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home / news releases / TCBI - Texas Capital Bancshares: NIM Returns To Growth But AOCI Worries Again

TCBI - Texas Capital Bancshares: NIM Returns To Growth But AOCI Worries Again

Texas Capital Bancshares Inc.

2024-04-19 04:23:05 ET

Summary

  • Texas Capital Bancshares releases Q1 2024 results, with a net interest margin growth and confidence in a price-per-share recovery.
  • Loan growth has been stagnant, particularly in commercial loans, due to high interest rates and a decline in demand.
  • The bank continues to purchase securities despite unrealized losses.

Texas Capital Bancshares ( TCBI ) has just released its Q1 2024 results and the market first reacted positively (+3.50% in pre-market):

  • GAAP EPS of $0.46 misses by $0.12.
  • Revenue of $256.33M (-6.0% Y/Y) beats by $3.25M.

For further details see:

Texas Capital Bancshares: NIM Returns To Growth, But AOCI Worries Again
Stock Information
Company Name: Texas Capital Bancshares Inc.
Stock Symbol: TCBI
Market: NASDAQ
Website: texascapitalbank.com
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