Market Overview

Texas Capital Bancshares: Q2 Earnings Insights

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Shares of Texas Capital Bancshares (NASDAQ:TCBI) fell 1.64% in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were down 82.67% year over year to $0.26, which beat the estimate of $0.19.

Revenue of $280,430,000 rose by 4.67% year over year, which beat the estimate of $238,790,000.

Looking Ahead

Texas Capital Bancshares hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Jul 22, 2020

Time: 05:00 PM

ET Webcast URL: https://dpregister.com/DiamondPassRegistration/register?linkSecurityString=78449&confirmationNumber=10145619

Price Action

Company's 52-week high was at $64.88

Company's 52-week low was at $19.10

Price action over last quarter: Up 20.94%

Company Overview

Texas Capital Bancshares Inc is a $10 billion asset bank that caters to middle-market companies and wealthy people in the Lone Star State. Business loans are the biggest portfolio in the $6 billion loan book, with almost 60% share, followed by commercial real estate at 30%. Construction, consumer, and leasing credits make up the balance. The bank operates in Texas' main metropolitan areas, like Austin, Dallas, Fort Worth, Houston and San Antonio.

 

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Posted-In: Earnings