Texas Capital: 1Q Earnings Snapshot

DALLAS (AP) _ Texas Capital Bancshares Inc. (TCBI) on Wednesday reported first-quarter profit of $82.8 million.

The Dallas-based bank said it had earnings of $1.60 per share.

The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.34 per share.

The holding company for Texas Capital Bank posted revenue of $355.6 million in the period. Its revenue net of interest expense was $265.6 million, which also topped Street forecasts. Eight analysts surveyed by Zacks expected $253.8 million.

Texas Capital shares have increased 15 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $58.65, a drop of 35 percent in the last 12 months.

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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