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Texas Capital Bancshares (TCBI)
:TCBI
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Earnings Data
Report Date
Jan 23, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.09Last Year’s EPS
0.33Same Quarter Last Year
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 17, 2018
|% Change Since: 0.64%
|Next Earnings Date:Jul 18, 2018
Earnings Call Sentiment|Positive
The call highlighted strong financial performance and fee income growth, supported by robust capital and liquidity positions. However, there were challenges in achieving loan growth, particularly in commercial real estate, and a cautious economic outlook. Overall, the positives outweigh the negatives, indicating a positive sentiment.Company Guidance
In the Texas Capital Bancshares third quarter 2024 earnings call, the company reported record performance across several key financial metrics. The adjusted quarterly return on average assets reached 1%, while the return on common equity hit 10%. Pre-provision net revenue surged to $115 million, and fee income increased to $64.8 million. Additionally, earnings per share were $1.59, marking the highest levels since the firm's transformation began. Investment banking trading income and tangible book value per share also reached record highs. The firm noted a 25% rise in noninterest revenue to $54 million from treasury products, wealth management, and investment banking. The success was attributed to strategic actions and robust capital liquidity, positioning the company well for sustained growth into 2025.Record Financial Performance
Quarterly return on average assets of 1%, return on common equity of 10%, pre-provisioned net revenue of $115 million, fee income of $64.8 million, and earnings per share of $1.59 reached record levels. Investment banking trading income and tangible book value per share also reached the highest levels in firm history.
Strong Fee Income Growth
Fee income delivered $54 million in noninterest revenue, up 25% linked quarter and 32% year-over-year. Investment banking and trading income increased 32% quarter-over-quarter to a record of $40.5 million.
Deposit Growth and Liquidity
Non-brokered interest-bearing deposits increased by 24% year-over-year. Noninterest-bearing deposits excluding mortgage finance increased 4% to $3.4 billion.
Capital Strength
Tangible common equity to tangible assets of 9.65% ranked first amongst the largest banks in the country. CET1 finished the quarter at 11.19%.
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TCBI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TCBI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 17, 2024 | $78.46 | $80.54 | +2.65% |
| Jul 18, 2024 | $70.68 | $66.04 | -6.56% |
| Apr 18, 2024 | $55.92 | $55.98 | +0.11% |
| Jan 18, 2024 | $61.62 | $63.12 | +2.43% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Texas Capital Bancshares (TCBI) report earnings?
Texas Capital Bancshares (TCBI) is schdueled to report earning on Jan 23, 2025, TBA Not Confirmed.
What is Texas Capital Bancshares (TCBI) earnings time?
Texas Capital Bancshares (TCBI) earnings time is at Jan 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TCBI EPS forecast?
TCBI EPS forecast for the fiscal quarter 2024 (Q4) is 1.09.
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