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DALLAS (AP) — DALLAS (AP) — Texas Capital Bancshares Inc. (TCBI) on Thursday reported first-quarter earnings of $47 million.
The bank, based in Dallas, said it had earnings of 92 cents per share.
The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 99 cents per share.
The holding company for Texas Capital Bank posted revenue of $471.7 million in the period. Its revenue net of interest expense was $280.5 million, also falling short of Street forecasts. Four analysts surveyed by Zacks expected $287.9 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TCBI at https://www.zacks.com/ap/TCBI