Texas Capital Bancshares inventory plunges 25% after This fall outcomes

DALLAS – Texas Capital Bancshares, Inc. (NASDAQ:TCBI) reported fourth quarter earnings that exceeded analyst expectations. The inventory fell practically 25% in premarket buying and selling

The Dallas-based financial institution posted adjusted earnings per share of $1.43, handily beating the consensus estimate of $1.09. Income got here in at $283.68 million, barely above the $283.24 million analysts have been anticipating.

Internet revenue out there to frequent stockholders was $66.7 million in This fall, in comparison with $15.8 million in the identical quarter final yr. The financial institution’s internet curiosity margin held regular at 2.93% in comparison with This fall 2022.

“Given full yr 2024 monetary outcomes, the profitable execution of great strategic milestones and the conclusion of consumer adoption developments, the agency has confirmed that it’s poised to ship in 2025,” mentioned Rob C. Holmes, President and CEO.

Complete (EPA:TTEF) loans held for funding grew 10% YoY to $22.45 billion, whereas complete deposits elevated 13% to $25.24 billion. The financial institution’s allowance for credit score losses to complete loans ratio stood at 1.45% at quarter-end.

Texas Capital maintained sturdy capital ratios, with its Widespread Fairness Tier 1 ratio at 11.4% and complete capital ratio at 15.4% as of December 31, 2024.

The corporate’s board approved a brand new $200 million share repurchase program by way of January 2026, changing its earlier buyback plan.

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