Texas Capital Bancshares (NASDAQ:TCBI) reported its Q1 results on Thursday, with EPS coming in at $0.70, missing the Street estimate of $0.87. Revenues of $272.75 million, instead, came in above the Street estimate of $266.29 million.
Full-year guidance now calls for low double-digit percentage revenue growth (down from mid-teens), mid-single digit expense growth (down from low double-digit), and maintenance of year-over-year positive operating leverage objective.
RBC Capital said they are encouraged by another quarter of positive operating leverage, core loan growth, and momentum in the expanded fee businesses. Although the industry is facing a tougher environment, analysts expect to see the financial benefits of the company’s transformation continue to materialize in the coming quarters.