Taylor Capital Group Inc.'s (TAYC) net income applicable to common stockholders was $13.6 million or $0.44 per share, for the first quarter of 2013, compared to net income of $7.7 million or $0.26 per share, for the first quarter of 2012.
Income before income taxes was $28.3 million for the first quarter of 2013, compared to $15.8 million for the first quarter of 2012, an increase of 79.1%.
Net interest income was $40.7 million for the first quarter of 2013, compared to $35.8 million for the first quarter of 2012, an increase of 13.7%. The increase was primarily due to growth in loan balances, lower deposit funding costs and the repayment of the Bank's $60 million of 10% subordinated notes.
Noninterest income, excluding investment security gains and losses, was $39.7 million for the first quarter of 2013, compared to $23.1 million for the first quarter of 2012, an increase of 71.9%. The increase was primarily due to a $14.5 million increase in mortgage banking revenue.
Revenue totaled $80.4 million for the first quarter of 2013, compared to $58.9 million in the first quarter of 2012, an increase of 36.5%.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.55 per share on revenues of $41.78 million for the quarter. Analysts' estimates typically exclude special items.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.