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Texas Capital reports Q4 EPS $4.23, consensus 94c

Net income available to common stockholders was $212.9, or $4.23 per diluted share, for the fourth quarter of 2022, compared to $37.1M, or 74c per diluted share, for the third quarter of 2022 and $60.8 M, or $1.19 per diluted share, for the fourth quarter of 2021. The fourth quarter of 2022 included a $248.5M gain and $13.0M in expenses related to the sale of the Company’s insurance premium finance subsidiary, BankDirect Capital Finance, $9.8M in restructuring reserves related to the continued deployment of our target operating model and $8M in charitable contributions to the newly formed Texas Capital Bank Foundation. "The quarterly financial results coupled with the strategic and transformative actions taken during 2022 position the Firm to execute on the unique opportunity in front of us, while serving the best clients in the best markets," said Rob C. Holmes, President and CEO. "The financial resilience created over the last two years by the aggregate, focused actions taken have built the foundation of the Firm which will be our strategic advantage allowing us to both support our clients during times of market stress while delivering financial progress to all of our stakeholders."

Published first on TheFly

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