Texas Capital: Q3 Earnings Snapshot

DALLAS (AP) — DALLAS (AP) — Texas Capital Bancshares Inc. (TCBI) on Wednesday reported third-quarter earnings of $103.7 million.

The bank, based in Dallas, said it had earnings of $2.28 per share. Earnings, adjusted for non-recurring costs, were $2.35 per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.94 per share.

The holding company for Texas Capital Bank posted revenue of $538.8 million in the period. Its revenue net of interest expense was $356.6 million, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $338.5 million.

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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