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Bull of the Day

Texas Capital Bancshares (TCBI)

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By: Zacks Equity Research
October 24, 2011 | Comment(s): 0
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Texas Capital Bancshares, Inc. (TCBI - Analyst Report) reported third-quarter 2011 operating earnings of $0.56 per share, which came well ahead of the Zacks Consensus Estimate of $0.50 per share. The results were also above the prior-year quarter's earnings of $0.25 per share. Quarterly results benefited from an increase in net interest income.

Texas Capital's net interest income stemmed from spiked average earnings assets. Net interest margin also increased year over year, driven by growth in loans and a reduction in funding costs. This was also supported by an improvement in loan spreads.

Credit metrics also improved during the quarter at Texas Capital. After reviewing the results, we are maintaining our Outperform recommendation on the shares.

Texas Capital Bancshares (TCBI) : FULL ANALYST REPORT

Bull of the Day
Every day we feature one stock with a Zacks Recommendation of Buy that is set to outperform over the next 6+ months. We also provide you with free access to the in-depth research report on the stock. If you would like to see all our Buy rated stocks and in-depth research reports, then check out  Zacks Premium.

Read the full analyst report on TCBI

 

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