Texas

Texas Capital: Fourth Quarter Earnings Report

DALLAS (AP) _ Texas Capital Bancshares Inc. (TCBI) on Wednesday reported fourth-quarter earnings of $217.3 million.

The Dallas-based bank reported earnings of $4.23 per share. Earnings adjusted for non-recurring earnings were 87 cents per share.

The results fell short of Wall Street’s expectations. The average estimate of nine analysts polled by Zacks Investment Research was 98 cents per share.

Texas Capital Bank’s holding company earned $649 million during this period. Its revenue, excluding interest expense, was $525.3 million, beating Street’s forecasts. Six analysts polled by Zacks expected $272.3 million.

For the year, the company reported earnings of $332.5 million, or $6.18 per share. Revenue was $1.23 billion.

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This story was created by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access the Zacks TCBI stock report at https://www.zacks.com/ap/TCBI.

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