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Texas Capital (TCBI) Reports Q4 Earnings: What Key Metrics Have to Say
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For the quarter ended December 2023, Texas Capital (TCBI - Free Report) reported revenue of $245.85 million, down 53.2% over the same period last year. EPS came in at $0.65, compared to $0.87 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $255.02 million, representing a surprise of -3.59%. The company delivered an EPS surprise of -14.47%, with the consensus EPS estimate being $0.76.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Texas Capital performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency Ratio: 81.9% compared to the 73.5% average estimate based on seven analysts.
Net interest margin: 2.9% compared to the 3% average estimate based on seven analysts.
Net charge-offs to average total loans held for investment for last 12 months: 0.3% versus 0.3% estimated by five analysts on average.
Average Balance - Total earning assets: $28.61 billion compared to the $28.80 billion average estimate based on five analysts.
Total non-performing assets: $81.40 million versus $69.91 million estimated by three analysts on average.
Non-accrual loans held for investment: $81.40 million versus the three-analyst average estimate of $69.91 million.
Total Non-Interest Income: $31.13 million versus $34.24 million estimated by seven analysts on average.
Net Interest Income: $214.72 million compared to the $219.65 million average estimate based on seven analysts.
Net Interest Income (FTE): $214.79 million versus the five-analyst average estimate of $219.84 million.
Other Non-Interest Income: $9.63 million versus the four-analyst average estimate of $6.57 million.
Investment banking and trading income: $10.73 million compared to the $15.59 million average estimate based on four analysts.
Wealth management and trust fee income: $3.30 million versus the four-analyst average estimate of $3.68 million.
Shares of Texas Capital have returned -0.4% over the past month versus the Zacks S&P 500 composite's +0.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Texas Capital (TCBI) Reports Q4 Earnings: What Key Metrics Have to Say
For the quarter ended December 2023, Texas Capital (TCBI - Free Report) reported revenue of $245.85 million, down 53.2% over the same period last year. EPS came in at $0.65, compared to $0.87 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $255.02 million, representing a surprise of -3.59%. The company delivered an EPS surprise of -14.47%, with the consensus EPS estimate being $0.76.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Texas Capital performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 81.9% compared to the 73.5% average estimate based on seven analysts.
- Net interest margin: 2.9% compared to the 3% average estimate based on seven analysts.
- Net charge-offs to average total loans held for investment for last 12 months: 0.3% versus 0.3% estimated by five analysts on average.
- Average Balance - Total earning assets: $28.61 billion compared to the $28.80 billion average estimate based on five analysts.
- Total non-performing assets: $81.40 million versus $69.91 million estimated by three analysts on average.
- Non-accrual loans held for investment: $81.40 million versus the three-analyst average estimate of $69.91 million.
- Total Non-Interest Income: $31.13 million versus $34.24 million estimated by seven analysts on average.
- Net Interest Income: $214.72 million compared to the $219.65 million average estimate based on seven analysts.
- Net Interest Income (FTE): $214.79 million versus the five-analyst average estimate of $219.84 million.
- Other Non-Interest Income: $9.63 million versus the four-analyst average estimate of $6.57 million.
- Investment banking and trading income: $10.73 million compared to the $15.59 million average estimate based on four analysts.
- Wealth management and trust fee income: $3.30 million versus the four-analyst average estimate of $3.68 million.
View all Key Company Metrics for Texas Capital here>>>Shares of Texas Capital have returned -0.4% over the past month versus the Zacks S&P 500 composite's +0.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.