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.
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For further details see:
Texas Capital Bancshares: NIM Returns To Growth, But AOCI Worries Again