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Texas Capital (TCBI) Reports Q2 Earnings: What Key Metrics Have to Say
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For the quarter ended June 2024, Texas Capital (TCBI - Free Report) reported revenue of $267.01 million, down 4% over the same period last year. EPS came in at $0.80, compared to $1.33 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $268.02 million, representing a surprise of -0.38%. The company delivered an EPS surprise of -8.05%, with the consensus EPS estimate being $0.87.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Texas Capital performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency Ratio: 70.6% compared to the 70% average estimate based on seven analysts.
Net interest margin: 3% versus the seven-analyst average estimate of 3.1%.
Average Balance - Total earning assets: $28.57 billion versus the six-analyst average estimate of $29.04 billion.
Net charge-offs to average total loans held for investment for last 12 months: 0.2% versus the five-analyst average estimate of 0.3%.
Total non-performing assets: $85.02 million versus $109.07 million estimated by three analysts on average.
Non-accrual loans held for investment: $85.02 million versus $105.99 million estimated by three analysts on average.
Net Interest Income: $216.58 million versus $221.09 million estimated by seven analysts on average.
Total Non-Interest Income: $50.42 million versus the seven-analyst average estimate of $46.95 million.
Net Interest Income (FTE): $216.65 million compared to the $220.51 million average estimate based on six analysts.
Service charges on deposit accounts: $5.91 million versus $6.55 million estimated by four analysts on average.
Other Non-Interest Income: $7.99 million versus the four-analyst average estimate of $6.36 million.
Wealth management and trust fee income: $3.70 million versus the four-analyst average estimate of $3.77 million.
Shares of Texas Capital have returned +22.6% over the past month versus the Zacks S&P 500 composite's +2.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Texas Capital (TCBI) Reports Q2 Earnings: What Key Metrics Have to Say
For the quarter ended June 2024, Texas Capital (TCBI - Free Report) reported revenue of $267.01 million, down 4% over the same period last year. EPS came in at $0.80, compared to $1.33 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $268.02 million, representing a surprise of -0.38%. The company delivered an EPS surprise of -8.05%, with the consensus EPS estimate being $0.87.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Texas Capital performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 70.6% compared to the 70% average estimate based on seven analysts.
- Net interest margin: 3% versus the seven-analyst average estimate of 3.1%.
- Average Balance - Total earning assets: $28.57 billion versus the six-analyst average estimate of $29.04 billion.
- Net charge-offs to average total loans held for investment for last 12 months: 0.2% versus the five-analyst average estimate of 0.3%.
- Total non-performing assets: $85.02 million versus $109.07 million estimated by three analysts on average.
- Non-accrual loans held for investment: $85.02 million versus $105.99 million estimated by three analysts on average.
- Net Interest Income: $216.58 million versus $221.09 million estimated by seven analysts on average.
- Total Non-Interest Income: $50.42 million versus the seven-analyst average estimate of $46.95 million.
- Net Interest Income (FTE): $216.65 million compared to the $220.51 million average estimate based on six analysts.
- Service charges on deposit accounts: $5.91 million versus $6.55 million estimated by four analysts on average.
- Other Non-Interest Income: $7.99 million versus the four-analyst average estimate of $6.36 million.
- Wealth management and trust fee income: $3.70 million versus the four-analyst average estimate of $3.77 million.
View all Key Company Metrics for Texas Capital here>>>Shares of Texas Capital have returned +22.6% over the past month versus the Zacks S&P 500 composite's +2.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.