Texas Capital: 3Q Earnings Snapshot

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DALLAS (AP) _ Texas Capital Bancshares Inc. (TCBI) on Wednesday reported third-quarter earnings of $57.1 million.
The bank, based in Dallas, said it had earnings of $1.08 per share.

The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 66 cents per share.
The holding company for Texas Capital Bank posted revenue of $304.1 million in the period. Its revenue net of interest expense was $267.9 million, which also topped Street forecasts. Six analysts surveyed by Zacks expected $254 million.

Texas Capital shares have fallen 32% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $38.50, a drop of 30% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TCBI at https://www.zacks.com/ap/TCBI