Texas Capital Tops Estimate
Texas Capital Bancshares Inc. (NASDAQ:TCBI) reported fourth-quarter 2011 operating earnings of 67 cents per share, surpassing the Zacks Consensus Estimate of 61 cents. The results were also above the prior-year quarter’s earnings of 32 cents per share. Quarterly results of Texas Capital benefited from an increase in net interest income. However, lower non-interest income and [...]
Texas Capital Bancshares Inc. (NASDAQ:TCBI) reported fourth-quarter 2011 operating earnings of 67 cents per share, surpassing the Zacks Consensus Estimate of 61 cents. The results were also above the prior-year quarter’s earnings of 32 cents per share.
Quarterly results of Texas Capital benefited from an increase in net interest income. However, lower non-interest income and higher expenses were the dampeners.
Quarter in Detail
Texas Capital’s net interest income was $88.1 million, up 33.6% from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards