Texas Capital Bancshares, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 19, 2023 at 11:00 am
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Texas Capital Bancshares, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was USD 232.07 million compared to USD 239.08 million a year ago. Net income was USD 61.68 million compared to USD 41.42 million a year ago. Basic earnings per share from continuing operations was USD 1.19 compared to USD 0.74 a year ago. Diluted earnings per share from continuing operations was USD 1.18 compared to USD 0.74 a year ago.
For the nine months, net interest income was USD 699.41 million compared to USD 628.16 million a year ago. Net income was USD 168.99 million compared to USD 115.23 million a year ago. Basic earnings per share from continuing operations was USD 3.24 compared to USD 2.03 a year ago. Diluted earnings per share from continuing operations was USD 3.2 compared to USD 2 a year ago.
Texas Capital Bancshares, Inc. is a bank holding company. The Company, through its subsidiary Texas Capital Bank (the Bank), provides a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. The Bank offers a full range of products and services, including commercial loans for general corporate purposes, including financing for working capital, organic growth, and acquisitions; real estate term and construction loans; mortgage warehouse lending; treasury management services, including online banking and debit and credit card services; investment banking and advisory services, and letters of credit. It also provides banking services for its individual customers, including personal wealth management and trust services; certificates of deposit; interest and non-interest bearing checking accounts; savings accounts; secured and unsecured loans; online and mobile banking, and investment banking, and advisory services.