Texas Capital Bancshares Q3 Earnings Beat Estimates, EPS $2.35 vs $1.94 Expected

Texas Capital Bancshares Inc. (TCBI) on Wednesday reported third-quarter earnings of $103.7 million, or $2.28 per share, beating Wall Street expectations. Adjusted for non-recurring costs, earnings were $2.35 per share, well above the $1.94 average estimate of eight analysts surveyed by Zacks Investment Research. The Dallas-based holding company for Texas Capital Bank posted revenue of $538.8 million. Revenue net of interest expense was $356.6 million, also surpassing Street forecasts of $338.5 million from six analysts surveyed by Zacks.