Texas Capital Bancshares Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended Dec. 31, 2015; Reports Net Charge-Offs for the Fourth Quarter Ended Dec. 31, 2015
January 20, 2016 at 04:08 pm
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Texas Capital BancShares Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended Dec. 31, 2015. For the quarter, the company reported total interest income of $154,820,000 compared to $137,833,000 a year ago. Net interest income was $142,188,000 compared to $127,582,000 a year ago. Income before income taxes was $52,466,000 compared to $58,191,000 a year ago. Net income available to common stockholders was $32,316,000 or $0.70 per diluted share compared to $35,397,000 or $0.78 per diluted share a year ago. ROA was 0.72% compared to 1.03% a year ago. Return on average common equity was 8.82% compared to 11.41% a year ago. Tangible book value was $31.69 per share compared to $28.72 per share a year ago. Book value was $32.12 per share compared to $29.17 per share a year ago.
For the year, the company reported total interest income of $602,958,000 compared to $514,547,000 a year ago. Net interest income was $556,530,000 compared to $476,965,000 a year ago. Income before income taxes was $224,495,000 compared to $212,362,000 a year ago. Net income available to common stockholders was $135,104,000 or $2.91 per diluted share compared to $126,602,000 or $2.88 per diluted share a year ago. ROA was 0.79% compared to 1.05% a year ago. ROE was 9.65% compared to 11.31% a year ago.
Net charge-offs for the fourth quarter of 2015 were $2.0 million compared to net charge-offs of $1.1 million in the fourth quarter of 2014.
Texas Capital Bancshares, Inc. is a bank holding company. The Company, through its subsidiary Texas Capital Bank (the Bank), provides a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. The Bank offers a full range of products and services, including commercial loans for general corporate purposes, including financing for working capital, organic growth, and acquisitions; real estate term and construction loans; mortgage warehouse lending; treasury management services, including online banking and debit and credit card services; investment banking and advisory services, and letters of credit. It also provides banking services for its individual customers, including personal wealth management and trust services; certificates of deposit; interest and non-interest bearing checking accounts; savings accounts; secured and unsecured loans; online and mobile banking, and investment banking, and advisory services.
Texas Capital Bancshares Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended Dec. 31, 2015; Reports Net Charge-Offs for the Fourth Quarter Ended Dec. 31, 2015