Texas Capital (TCBI) reported $304.91 million in income for the quarter ended September 2024, representing a year-over-year enhance of 9.3%. EPS of $1.62 for a similar interval compares to $1.18 a 12 months in the past.
The reported income represents a shock of +9.04% over the Zacks Consensus Estimate of $279.64 million. With the consensus EPS estimate being $0.97, the EPS shock was +67.01%.
Whereas buyers scrutinize income and earnings modifications year-over-year and the way they evaluate with Wall Avenue expectations to find out their subsequent transfer, some key metrics all the time supply a extra correct image of an organization’s monetary well being.
Since these metrics play a vital function in driving the top- and bottom-line numbers, evaluating them with the year-ago numbers and what analysts estimated about them helps buyers higher mission a inventory’s worth efficiency.
Right here is how Texas Capital carried out within the simply reported quarter when it comes to the metrics most generally monitored and projected by Wall Avenue analysts:
- Internet curiosity margin: 3.2% in comparison with the three.1% common estimate primarily based on six analysts.
- Effectivity Ratio: 155.8% in comparison with the 95.7% common estimate primarily based on 5 analysts.
- Internet charge-offs to common complete loans held for funding for final 12 months: 0.2% versus 0.3% estimated by 5 analysts on common.
- Common Stability – Whole incomes belongings: $29.98 billion versus the five-analyst common estimate of $29.43 billion.
- Non-accrual loans held for funding: $88.96 million versus the three-analyst common estimate of $89.80 million.
- Whole non-performing belongings: $88.96 million in comparison with the $89.80 million common estimate primarily based on three analysts.
- Internet Curiosity Earnings: $240.10 million versus $227.52 million estimated by six analysts on common.
- Internet Curiosity Earnings (FTE): $240.17 million versus the five-analyst common estimate of $227.50 million.
- Whole Non-Curiosity Earnings: -$114.77 million versus the four-analyst common estimate of $51.41 million.
- Wealth administration and belief charge earnings: $4.04 million versus $4.19 million estimated by three analysts on common.
- Brokered mortgage charges: $2.40 million versus $2.17 million estimated by three analysts on common.
- Different Non-Curiosity Earnings: $11.52 million versus the three-analyst common estimate of $8.06 million.
View all Key Company Metrics for Texas Capital here>>>
Shares of Texas Capital have returned +9.1% over the previous month versus the Zacks S&P 500 composite’s +3.8% change. The inventory at present has a Zacks Rank #1 (Sturdy Purchase), indicating that it may outperform the broader market within the close to time period.
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Texas Capital Bancshares, Inc. (TCBI) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
