Texas Capital Q3 EPS $1.18 misses Q2; provision jumps to $18M on criticized loan growth

TEXAS CAPITAL BANCSHARES INC/TX

2023-Q3 EPS reported $3.20

Diluted EPS of $1.18, down from $1.33 in Q2 but up from $0.74 a year ago.
Provision for credit losses $18.0M, up from $7.0M in Q2 due to criticized loan growth.
Criticized loans totaled $677.4M, up 9.4% from $619.4M at June 30; net charge-offs $8.9M.
Net interest margin narrowed 16bp to 3.13%; total deposit cost rose 25bp to 2.62%.
CET1 ratio improved to 12.7% from 12.2%; top-tier capital ratios remain above well-capitalized thresholds.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TEXAS CAPITAL BANCSHARES INC/TX reported third quarter of 2023 results: net income $61.7 million, EPS $1.18 per diluted share.

Period: third quarter of 2023
Net income: $61.7 million
EPS: $1.18 per diluted share
Result: reported results

Exact text from the filing

Third quarter 2023 net income of $61.7 million and net income available to common stockholders of $57.4 million, or $1.18 per diluted share

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

TEXAS CAPITAL BANCSHARES INC/TX filing history →

Source: SEC EDGAR

accession 0001077428-23-000170

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