Texas Capital Misses Q1 EPS, But Revenues Better Than Estimates
<p><a href='https://financialmodelingprep.com/financial-summary/TCBI'>Texas Capital Bancshares (NASDAQ:TCBI)</a> reported its Q1 results on Thursday, with EPS coming in at $0.70, missing the Street estimate of $0.87. Revenues of $272.75 million, instead, came in above the Street estimate of $266.29 million.</p>
<p>Full-year guidance now calls for low double-digit percentage revenue growth (down from mid-teens), mid-single digit expense growth (down from low double-digit), and maintenance of year-over-year positive operating leverage objective.</p>
<p>RBC Capital said they are encouraged by another quarter of positive operating leverage, core loan growth, and momentum in the expanded fee businesses. Although the industry is facing a tougher environment, analysts expect to see the financial benefits of the company’s transformation continue to materialize in the coming quarters.</p>

NASDAQ:, TCBI