Benzinga | Oct 21, 2020 04:48PM EDT

Texas Capital Bancshares: Q3 Earnings Insights

Shares of Texas Capital Bancshares (NASDAQ:TCBI) moved higher by 1.25% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share fell 36.47% over the past year to $1.08, which beat the estimate of $0.59.

Revenue of $267,917,000 decreased by 1.67% year over year, which beat the estimate of $255,350,000.

Guidance

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

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

How To Listen To The Conference Call

Date: Oct 21, 2020

Time: 05:00 PM

ET Webcast URL: https://dpregister.com/DiamondPassRegistration/register?confirmationNumber=10148685&linkSecurityString=da8861d574

Recent Stock Performance

Company's 52-week high was at $64.88

52-week low: $19.10

Price action over last quarter: Up 25.23%

Company Description

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.