Texas Capital Bancshares, Inc. Provides Earnings Guidance for the Year 2017
January 25, 2017 at 05:00 pm EST
Share
Texas Capital Bancshares, Inc. provided earnings guidance for the year 2017. Outlook for traditional held for investment growth is actually consistent with the trend that the company noted in 2016, high single, low double digit before the possible impact of the strengthening in the economy. The equity raised in fourth quarter of 2016 provides the capacity to support additional growth after risk-weighted loan growth in 2016 exceeded, ROE for the year. The outlook for core NIM has increased, reflecting that the year-to-date performance has exceeded guidance and that the company will benefit from a December 2016 increase. Before the impact of liquidity, the company has increased 10 basis points, now at 3.70% to 3.80%, and also increasing guidance for reported NIM with a new range of 3.20% to 3.30%. The outlook for net revenue, NIE and efficiency ratio have also improved. Modest improvement in 2017 due to mid-December change in the Fed funds rate, but the company anticipates or include in guidance no additional changes in interest rates. The full year contribution from key initiatives in '15 and '16 will increase the strong activity in MCA after the first full year contribution in 2016.
Texas Capital Bancshares, Inc. is a bank holding company. The Company, through its subsidiary Texas Capital Bank (the Bank), provides a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. The Bank offers a full range of products and services, including commercial loans for general corporate purposes, including financing for working capital, organic growth, and acquisitions; real estate term and construction loans; mortgage warehouse lending; treasury management services, including online banking and debit and credit card services; investment banking and advisory services, and letters of credit. It also provides banking services for its individual customers, including personal wealth management and trust services; certificates of deposit; interest and non-interest bearing checking accounts; savings accounts; secured and unsecured loans; online and mobile banking, and investment banking, and advisory services.