Yahoo Finance Texas Capital Bancshares First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
Texas Capital Bancshares (NASDAQ:TCBI) First Quarter 2024 Results
Key Financial Results
Revenue: US$237.3m (down 3.0% from 1Q 2023).
Net income: US$21.8m (down 36% from 1Q 2023).
Profit margin: 9.2% (down from 14% in 1Q 2023). The decrease in margin was primarily driven by lower revenue.
EPS: US$0.46 (down from US$0.71 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Texas Capital Bancshares Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 21%.
Looking ahead, revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Banks industry in the US.
Performance of the American Banks industry.
The company's shares are down 1.9% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Texas Capital Bancshares that you should be aware of.
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