This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Texas Capital Bancshares Announces Operating Results For Q3 2012

Stocks in this article: TCBI

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

  • Net income increased 10% on a linked quarter basis and increased 50% from Q3 2011
  • EPS increased 5% on a linked quarter basis and increased 43% for the third quarter of 2012 as compared to the same quarter of 2011
  • Demand deposits increased 5% and total deposits increased 1% on a linked quarter basis and grew 27% and 22%, respectively, from Q3 2011
  • Loans held for investment increased 5% and total loans increased 8% on a linked quarter basis and grew 24% and 30%, respectively, from Q3 2011

“Texas Capital experienced outstanding results for the third quarter of 2012,” said George Jones, CEO. “During the quarter we successfully completed offerings of equity and debt capital. By leveraging the new capital effectively with strong growth in loans, we have produced record earnings and excellent returns. We believe we are demonstrating the value of our business model and why Texas Capital has become the Best Business Bank in Texas. ®

FINANCIAL SUMMARY      

(dollars and shares in thousands)

 
Q3 2012 Q3 2011 % Change
QUARTERLY OPERATING RESULTS (1)
Net Income $ 32,570 $ 21,710 50 %
Diluted EPS $ .80 $ .56 43 %
ROA 1.40 % 1.25 %
ROE 17.27 % 14.93 %
Diluted Shares 40,756 38,435
 
BALANCE SHEET (1)
Total Assets $ 9,881,362 $ 7,705,372 28 %
Demand Deposits 2,114,279 1,661,125 27 %
Total Deposits 6,717,579 5,486,463 22 %
Loans Held for Investment 6,549,089 5,302,584 24 %
Loans Held for Sale 2,818,622 1,909,567 48 %
Total Loans 9,367,711 7,212,151 30 %
Stockholders’ Equity 802,406 587,944 36 %

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

1 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,380.05 -36.80 -0.21%
S&P 500 2,016.83 -4.42 -0.22%
NASDAQ 4,698.6730 +15.2660 0.33%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs