earnings
confidence high
sentiment negative
materiality 0.80
Texas Capital posts Q3 net loss of $65.6M / ($1.41 EPS) on $179.6M securities loss
TEXAS CAPITAL BANCSHARES INC/TX
2024-Q3 EPS reported
-$0.14
- Net loss available to common stockholders of $65.6M ($1.41 diluted loss per share); net income of $37.4M in Q2 2024.
- Q3 includes $179.6M loss on sale of available-for-sale debt securities as part of balance sheet repositioning.
- Acquired $332M commercial loan portfolio; sold $1.2B lower-yielding securities to reinvest at higher yields.
- Book value per share and tangible book value per share both increased 14% YoY to record levels.
- CET1 ratio 11.2%, Total Capital 15.2%; net interest margin expanded 15 bps to 3.16%.