Texas Capital Bancshares Inc (TCBI) Files 10-K for the Fiscal Year Ended on December 31, 2018

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Texas Capital Bancshares Inc (TCBI) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Texas Capital Bancshares Inc is engaged in providing lending services to businesses. Its services included credit solutions, treasury and liquidity services, mortgage finance, private wealth solution and personal banking solution. Texas Capital Bancshares Inc has a market cap of $2.97 billion; its shares were traded at around $59.21 with a P/E ratio of 10.20 and P/S ratio of 3.16.


For the last quarter Texas Capital Bancshares Inc reported a revenue of $253.4 million, compared with the revenue of $222.8 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $978.0 million, an increase of 19.3% from last year. For the last five years Texas Capital Bancshares Inc had an average revenue growth rate of 16.2% a year.

The reported diluted earnings per share was $5.79 for the year, an increase of 55.2% from previous year. Over the last five years Texas Capital Bancshares Inc had an EPS growth rate of 14.1% a year. The profitability rank of the company is 4 (out of 10).

At the end of the fiscal year, Texas Capital Bancshares Inc has the cash and cash equivalents of $3 billion, compared with $2.9 billion in the previous year. The long term debt was $4.3 billion, compared with $3.2 billion in the previous year. Texas Capital Bancshares Inc has a financial strength rank of 4 (out of 10).

At the current stock price of $59.21, Texas Capital Bancshares Inc is traded at 20.6% discount to its historical median P/S valuation band of $74.61. The P/S ratio of the stock is 3.16, while the historical median P/S ratio is 3.96. The stock lost 33.54% during the past 12 months.

For the complete 20-year historical financial data of TCBI, click here.

This article first appeared on GuruFocus.


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