Texas Capital Bancshares Q1 earnings of $0.80 EPS missed analyst expectations by $0.06.

Texas Capital Bancshares (NASDAQ:TCBI) reported Q1 earnings of $0.80 EPS, missing analysts' expectations of $0.86 by $0.06. The firm had revenue of $472.49M, compared to analyst estimates of $268.02M. Texas Capital Bancshares stock traded up $0.30 during midday trading on Friday, hitting $66.34. Despite the miss, Stephens increased its price target from $73.00 to $75.00, implying a potential upside of 13.67%. The bank has a return on equity of 7.05% and a net margin of 9.66%.

July 19, 2024
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