Texas Capital Bancshares Inc reports results for the quarter ended in March - Earnings Summary

• Texas Capital Bancshares Inc TCBI reported quarterly adjusted earnings of 46 cents​​ per share for the quarter ended in March, lower than the same quarter last year, when the company reported EPS of 70 cents. The mean expectation of fifteen analysts for the quarter was for earnings of 60 cents per share. Wall Street expected results to range from 44 cents to 83 cents per share.

• Revenue fell 6% to $256.33 million from a year ago; analysts expected $253.29 million.

• Texas Capital Bancshares Inc's reported EPS for the quarter was 46 cents​.

• The company reported quarterly net income of $21.83 million.

• Texas Capital Bancshares Inc shares had fallen by 9.1% this quarter and lost 13.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 16.9% in the last three months.​

• In the last 30 days, six analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy," 9 "hold" and 3 "sell" or "strong sell."

• Wall Street's median 12-month price target for Texas Capital Bancshares Inc is $66.00

This summary was machine generated from LSEG data April 18 at 01:30 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)