DALLAS (AP) — DALLAS (AP) — Texas Capital Bancshares Inc. (TCBI) on Thursday reported fourth-quarter earnings of $100.7 million.
The Dallas-based bank said it had earnings of $2.12 per share. Earnings, adjusted for non-recurring gains, came to $2.08 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.78 per share.
The holding company for Texas Capital Bank posted revenue of $504.4 million in the period. Its revenue net of interest expense was $327.5 million, which also topped Street forecasts. Four analysts surveyed by Zacks expected $323.1 million.
For the year, the company reported profit of $330.2 million, or $6.79 per share. Revenue was reported as $1.26 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TCBI at https://www.zacks.com/ap/TCBI
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