Texas Capital Bancshares Announces Operating Results For Q3 2012

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

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