Texas Capital Bancshares reported strong third quarter results characterized by record net interest income and expanding margins. Total revenue reached $356.6 million, supported by a 14% year-over-year increase in core fee income, while the company maintained robust capital levels and initiated a new $200 million share repurchase program.
Key Highlights
- Net interest income reached a record $275.0 million, with the net interest margin expanding 16 basis points sequentially to 3.44%.
- Core fee income rose 14% year-over-year, driven by growth in investment banking and advisory fees to $35.3 million.
- Asset quality showed linked-quarter pressure as criticized loans increased to $782.4 million from $696.3 million in the second quarter.
- Active capital management included $103.0 million in share repurchases during the quarter and the declaration of a $0.20 per share common dividend.