Texas Capital Bancshares Third Quarter 2024 Earnings: Misses Expectations

Texas Capital Bancshares (NASDAQ:TCBI) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$115.3m (down 56% from 3Q 2023).
• Net loss: US$65.6m (down by 214% from US$57.4m profit in 3Q 2023).
• US$1.42 loss per share (down from US$1.20 profit in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Texas Capital Bancshares Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 39%. Earnings per share (EPS) also missed analyst estimates by 67%.

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are up 4.3% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Texas Capital Bancshares you should know about.

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