Texas Capital Bancshares Inctx (TCBI) SEC Filing 10-Q Quarterly report for the period ending Friday, June 30, 2017

Earnings Press Release
10-Q Quarterly Report
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Texas Capital Bancshares Inctx
Ticker: TCBI CIK: 1077428

Exhibit 99.1

MEDIA & INVESTOR CONTACT

Heather Worley, 214.932.6646

heather.worley@texascapitalbank.com

TEXAS CAPITAL BANCSHARES, INC. ANNOUNCES OPERATING RESULTS FOR Q2 2017

DALLAS - July 19, 2017 - Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, announced earnings and operating results for the second quarter of 2017.

“We are extremely pleased with our second quarter results, reporting record earnings led by strong core loan growth and rebounding mortgage finance balances," said Keith Cargill, CEO. "We continue to be optimistic about our earnings power for the remainder of 2017 and are well-positioned to exploit future business opportunities."


•	Loans held for investment ("LHI"), excluding mortgage finance, increased 7% on a linked quarter basis, growing 14% from the second quarter of 2016.


•	Total mortgage finance loans, including MCA increased 42% on a linked quarter basis and increased 10% from the second quarter of 2016.


•	Demand deposits increased 15% and total deposits increased 4% on a linked quarter basis, increasing 2% and 4%, respectively, from the second quarter of 2016.


•	Net income increased 20% on a linked quarter basis and increased 31% from the second quarter of 2016.


•	EPS increased 21% on a linked quarter basis and increased 24% from the second quarter of 2016.


•	ROE increased to 10.08% compared to 8.60% for the first quarter of 2017 and 9.65% for the second quarter of 2016.

FINANCIAL SUMMARY

(dollars and shares in thousands)



	Q2 2017			Q2 2016			% Change
QUARTERLY OPERATING RESULTS
Net income	$	51,095		$	38,880		31	%
Net income available to common stockholders	$	48,658		$	36,443		34	%
Diluted EPS	$	0.97		$	0.78		24	%
Diluted shares	50,230			46,438			8	%
ROA	0.96		%	0.77		%
ROE	10.08		%	9.65		%

BALANCE SHEET
Loans held for sale (MCA)	$	843,164		$	221,347		281	%
LHI, mortgage finance	5,183,600			5,260,027			(1	)%
LHI	14,280,353			12,502,513			14	%
Total LHI	19,463,953			17,762,540			10	%
Total loans	20,309,970			17,983,887			13	%
Total assets	23,119,713			21,080,994			10	%
Demand deposits	8,174,830			7,984,208			2	%
Total deposits	17,292,223			16,703,565			4	%
Stockholders’ equity	2,100,553			1,684,735			25	%

The following information was filed by Texas Capital Bancshares Inctx (TCBI) on Wednesday, July 19, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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