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

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

Exhibit 99.1

INVESTOR CONTACT

Heather Worley, 214.932.6646

heather.worley@texascapitalbank.com

TEXAS CAPITAL BANCSHARES, INC. ANNOUNCES OPERATING RESULTS FOR Q3 2017

DALLAS - October 18, 2017 - Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, announced earnings and operating results for the third quarter of 2017.

“We are extremely pleased to report results for another great quarter, with record earnings, continued core loan and deposit growth and seasonally strong mortgage finance balances. We continue to be optimistic about our earnings power for the remainder of 2017," said Keith Cargill, CEO. "While we remain well positioned to take advantage of future business opportunities, we also remain cautious as we are late in a recovery cycle."


•	Loans held for investment ("LHI"), excluding mortgage finance, increased 4% on a linked quarter basis, growing 17% from the third quarter of 2016.


•	Total mortgage finance loans, including MCA, increased 9% on a linked quarter basis and increased 18% from the third quarter of 2016.


•	Demand deposits increased 1% and total deposits increased 10% on a linked quarter basis, decreasing 6% and increasing 5%, respectively, from the third quarter of 2016.


•	Net income increased 15% on a linked quarter basis and increased 37% from the third quarter of 2016.


•	EPS increased 15% on a linked quarter basis and increased 29% from the third quarter of 2016.


•	ROE increased to 11.20% compared to 10.08% for the second quarter of 2017 and 10.20% for the third quarter of 2016.

FINANCIAL SUMMARY

(dollars and shares in thousands)



	Q3 2017			Q3 2016			% Change
QUARTERLY OPERATING RESULTS
Net income	$	58,684		$	42,725		37	%
Net income available to common stockholders	$	56,246		$	40,287		40	%
Diluted EPS	$	1.12		$	0.87		29	%
Diluted shares	50,251			46,510			8	%
ROA	0.99		%	0.78		%
ROE	11.20		%	10.20		%

BALANCE SHEET
Loans held for sale (MCA)	$	955,983		$	648,684		47	%
LHI, mortgage finance	5,642,285			4,961,159			14	%
LHI	14,828,406			12,662,394			17	%
Total LHI	20,470,691			17,623,553			16	%
Total loans	21,426,674			18,272,237			17	%
Total assets	24,400,998			22,216,388			10	%
Demand deposits	8,263,202			8,789,740			(6	)%
Total deposits	19,081,257			18,145,123			5	%
Stockholders’ equity	2,158,363			1,725,782			25	%

The following information was filed by Texas Capital Bancshares Inctx (TCBI) on Wednesday, October 18, 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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