Texas Capital Bancshares Q2 net income rises as average earning assets increase
TCBI•Q2 results and drivers
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US regional bank's Q2 net income rose 10% yr/yr, with record fee income
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Adjusted diluted EPS for Q2 increased to $1.88 from $1.63 a year earlier
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Company repurchased $23.6 mln in stock during the quarter
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FEE INCOME GROWTH - Higher wealth management, investment banking, trading and other non-interest income drove record fee income
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NET INTEREST INCOME - Increase in average earning assets and lower funding costs boosted net interest income, partially offset by lower asset yields and higher deposit costs
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CREDIT COSTS - Higher provision for credit losses due to increased criticized loans and net charge-offs
Outlook, key details and analyst coverage
- Company did not provide specific guidance for the current qtr or full yr
| Metric | Beat/Miss | Actual | Consensus Estimate |
| Q2 EPS | $1.83 | ||
| Q2 Net Interest Income | $260.38 mln | ||
| Q2 Credit Loss Provision | $18 mln |
