Texas Capital Bancshares Q4 Adjusted EPS $0.65 Misses $0.75 Estimate, Sales $245.85M Miss $252.75M Estimate
Portfolio Pulse from Benzinga Newsdesk
Texas Capital Bancshares (NASDAQ:TCBI) reported Q4 adjusted EPS of $0.65, missing the $0.75 estimate, and sales of $245.85M, below the $252.75M estimate. This reflects a 25.29% decrease in EPS and a 53.20% decrease in sales from the same period last year.
January 18, 2024 | 11:06 am
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Texas Capital Bancshares reported a significant miss in Q4 earnings and sales, with a notable year-over-year decline in both metrics.
The missed earnings and sales estimates, along with the substantial year-over-year declines, are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100