Seeking Alpha

Texas Capital tumbles after earnings miss

  • Net income of $28.3M fell 15% from a year ago, and EPS of $0.60 fell 25% after January's capital raise.
  • Q1 saw non-performing assets rise, primarily attributable to one borrower. Non-accrual loans of $43.6M, or 0.48% of loans ticked up 10 basis points from Q4.
  • Raymond James downgrades the stock to Market Perform from Outperform.
  • Source: Press Release
  • Previously: Texas Capital Bancshares misses by $0.13
  • TCBI -12.3%
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