Texas Capital Bancshares Inc. (TCBI) revealed a profit for its first quarter that increased from the same period last year but missed the Street estimates.
The company's earnings totaled $42.73 million, or $0.92 per share. This compares with $21.83 million, or $0.46 per share, last year.
Analysts on average had expected the company to earn $0.95 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 2.4% to $427.29 million from $417.38 million last year.
Texas Capital Bancshares Inc. earnings at a glance (GAAP) :
-Earnings: $42.73 Mln. vs. $21.83 Mln. last year.
-EPS: $0.92 vs. $0.46 last year.
-Revenue: $427.29 Mln vs. $417.38 Mln last year.
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