Texas Capital Bancshares meets Q1 profit expectations
Shares of Texas Capital Bancshares, Inc. (Nasdaq:TCBI) are higher on news after the close on Wednesday that the Dallas-based bank holding company met analysts’ first-quarter profit expectations. Earnings for the first three months of 2008 were $7.9 million, or $0.30 per share, in line with the consensus forecast of 11 analysts polled by Thomson Financial. During the first-quarter of 2007 net income was $5.4 million, or $0.20 per share.
At 10:22 a.m. ET, the stock had gained $1.88, or 12%, to $17.76. For detailed price information and recent news stories about Texas Capital Bancshares, click TCBI.
