Texas Capital Bancshares Q2 net income $41.7M, EPS $0.80 vs $1.33 YoY

TEXAS CAPITAL BANCSHARES INC/TX

2024-Q2 EPS reported $1.25

Q2 2024 net income $41.7M, EPS $0.80 vs Q2 2023 net income $68.7M, EPS $1.33.
Book value per share rose 1.9% to a record; $50M of stock repurchased at $58.14 avg.
Net interest margin 3.01%, down 28 bps YoY; total cost of deposits 2.99%.
Provision for credit losses $20M, net charge-offs $12M; allowance ratio 1.44%.
CET1 ratio 11.6%, down from 12.4% in Q1 due to $275M bank-issued credit-linked note redemption.

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