earnings
confidence high
sentiment negative
materiality 0.80
Texas Capital Q1 EPS $0.69 vs $1.19 Q4; announces $150M share buyback
TEXAS CAPITAL BANCSHARES INC/TX
2022-Q1 EPS reported
$0.69
- Net income $39.7M, diluted EPS $0.69, down from $65.1M ($1.19) in Q4 2021 and $71.9M ($1.33) in Q1 2021.
- Net interest income $183.5M, down from $194.0M QoQ; net interest margin 2.23%, up 11 bps.
- Mortgage finance loans held for investment fell to $5.83B from $7.48B in Q4 due to rising rates.
- Criticized loans improved to $476.1M from $582.9M; net recoveries of $512K in Q1.
- Board authorized $150M share repurchase program with no time limit; CET1 ratio 11.5%.