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TheStreet Open House

Texas Capital Bancshares Announces Operating Results For Q2 2012

Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, announced earnings and operating results for the second quarter of 2012.

  • Net income increased 9% on a linked quarter basis and increased 77% from Q2 2011
  • EPS increased 9% on a linked quarter basis and increased 73% for the second quarter of 2012 as compared to the same quarter of 2011
  • Demand deposits increased 15% and total deposits increased 10% on a linked quarter basis; and grew 36% and 23%, respectively, from Q2 2011
  • Loans held for investment increased 8% and total loans increased 7% on a linked quarter basis; and grew 21% and 37%, respectively, from Q2 2011

“This has been another outstanding quarter for Texas Capital,” said George Jones, CEO. “Along with achieving dramatic improvements in ROE and ROA, we experienced good growth in total loans, deposits and earnings and have a strong pipeline in place to continue that trend.”

       

FINANCIAL SUMMARY

(dollars and shares in thousands)

 
Q2 2012 Q2 2011 % Change
QUARTERLY OPERATING RESULTS (1)
Net Income $ 29,623 $ 16,708 77 %
Diluted EPS $ .76 $ .44 73 %
ROA 1.40 % 1.08 %
ROE 18.08 % 12.13 %
Diluted Shares 39,142 38,333
 
BALANCE SHEET (1)
Total Assets $ 9,144,360 $ 6,709,338 36 %
Demand Deposits 2,019,473 1,483,159 36 %
Total Deposits 6,660,290 5,421,726 23 %
Loans Held for Investment 6,234,692 5,164,293 21 %
Total Loans 8,642,724 6,286,623 37 %
Stockholders’ Equity 680,705 563,924 21 %

(1) Operating results, assets and loans are reporting from continuing operations

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