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.

Previously: Texas Capital Bancshares misses by $0.13

TCBI -12.3%

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