Texas Capital Bancshares Inc. (TCBI) revealed earnings for its fourth quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at $66.711 million, or $1.43 per share. This compares with $15.838 million, or $0.33 per share, last year.
Excluding items, Texas Capital Bancshares Inc. reported adjusted earnings of $66.711 million or $1.43 per share for the period.
Analysts on average had expected the company to earn $1.08 per share. Analysts' estimates typically exclude special items.
Texas Capital Bancshares Inc. earnings at a glance (GAAP) :
-Earnings: $66.711 Mln. vs. $15.838 Mln. last year.
-EPS: $1.43 vs. $0.33 last year.
For the fourth quarter, the company posted a net interest income of $229.607 million, higher than $214.717 million, registered for the same period last year. Total non-interest income also moved up to $54.074 million from the previous year’s $31.133 million.
TCBI was down by 24.76 percent at $60.61 in the pre-market trade on the Nasdaq.
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