Texas Capital (TCBI) Q2 Earnings Lag Estimates, NII Falls Y/Y
Texas Capital Bancshares(TCBI) ZACKS·2024-07-19 22:26
Texas Capital Bancshares, Inc. (TCBI) reported second-quarter 2024 earnings per share of 80 cents (excluding non-recurring items), which missed the Zacks Consensus Estimate of 87 cents. Moreover, earnings compared unfavorably with $1.33 reported in the year-ago quarter. TCBI's results benefited from an increase in non-interest income and higher loan and deposit balances. However, a decline in net interest income (NII) and an increase in expenses were the undermining factors. Net income available to common s ...