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Here's What Key Metrics Tell Us About Texas Capital (TCBI) Q2 Earnings
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For the quarter ended June 2023, Texas Capital (TCBI - Free Report) reported revenue of $278 million, up 20% over the same period last year. EPS came in at $1.33, compared to $0.59 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $269.61 million, representing a surprise of +3.11%. The company delivered an EPS surprise of +41.49%, with the consensus EPS estimate being $0.94.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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: 65.3% versus the seven-analyst average estimate of 67.47%.
Net interest margin: 3.29% versus 3.3% estimated by seven analysts on average.
Net charge-offs to average total loans held for investment for last 12 months: 0.23% compared to the 0.26% average estimate based on five analysts.
Average Balance - Total earning assets: $27.95 billion compared to the $28.66 billion average estimate based on five analysts.
Total non-performing assets: $81.04 million versus the two-analyst average estimate of $100.68 million.
Non-accrual loans held for investment: $81.04 million versus the two-analyst average estimate of $100.68 million.
Total Non-Interest Income: $46.01 million compared to the $35.52 million average estimate based on seven analysts.
Net Interest Income: $231.99 million compared to the $234.11 million average estimate based on seven analysts.
Net Interest Income (FTE): $232.10 million versus the five-analyst average estimate of $232.46 million.
Service charges on deposit accounts: $5.16 million versus the four-analyst average estimate of $5.19 million.
Other Non-Interest Income: $7.23 million versus $6.33 million estimated by four analysts on average.
Brokered loan fees: $2.42 million versus the four-analyst average estimate of $2.28 million.
Shares of Texas Capital have returned +17.8% over the past month versus the Zacks S&P 500 composite's +3.6% 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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Here's What Key Metrics Tell Us About Texas Capital (TCBI) Q2 Earnings
For the quarter ended June 2023, Texas Capital (TCBI - Free Report) reported revenue of $278 million, up 20% over the same period last year. EPS came in at $1.33, compared to $0.59 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $269.61 million, representing a surprise of +3.11%. The company delivered an EPS surprise of +41.49%, with the consensus EPS estimate being $0.94.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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: 65.3% versus the seven-analyst average estimate of 67.47%.
- Net interest margin: 3.29% versus 3.3% estimated by seven analysts on average.
- Net charge-offs to average total loans held for investment for last 12 months: 0.23% compared to the 0.26% average estimate based on five analysts.
- Average Balance - Total earning assets: $27.95 billion compared to the $28.66 billion average estimate based on five analysts.
- Total non-performing assets: $81.04 million versus the two-analyst average estimate of $100.68 million.
- Non-accrual loans held for investment: $81.04 million versus the two-analyst average estimate of $100.68 million.
- Total Non-Interest Income: $46.01 million compared to the $35.52 million average estimate based on seven analysts.
- Net Interest Income: $231.99 million compared to the $234.11 million average estimate based on seven analysts.
- Net Interest Income (FTE): $232.10 million versus the five-analyst average estimate of $232.46 million.
- Service charges on deposit accounts: $5.16 million versus the four-analyst average estimate of $5.19 million.
- Other Non-Interest Income: $7.23 million versus $6.33 million estimated by four analysts on average.
- Brokered loan fees: $2.42 million versus the four-analyst average estimate of $2.28 million.
View all Key Company Metrics for Texas Capital here>>>Shares of Texas Capital have returned +17.8% over the past month versus the Zacks S&P 500 composite's +3.6% 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.