Texas Capital reports Q3 EPS $2.18, consensus $1.77

Reports Q3 tangible book value per share $73.02. Reports Q3 CET1 capital ratio 12.1%. Reports Q3 net charge-offs 0.23%. Chairman and CEO, David Parker, commented: “Our third quarter results of $0.35 per diluted share, or $0.44 per diluted share on a non-GAAP adjusted basis, reflect essentially flat year-over-year performance in our asset-light business units and lower performance in our Truckload business units, mainly attributable to higher costs and under-utilized equipment. It was a busy quarter internally as we continued to invest in the future while managing costs during a prolonged period of overcapacity and muted demand.”