Texas Capital Bancshares posts $65.6 million Q3 loss on $179.6 million securities sale
Texas Capital Bancshares reported a net loss available to common stockholders of $65.6 million, or $1.41 per diluted share, for the quarter ended September 30, 2024, compared with net income of $37.4 million, or $0.80 per diluted share, in the second quarter. The loss was driven mainly by a $179.6 million loss on the sale of available-for-sale debt securities, which matters to shareholders because it erased the prior quarter's profit and reduced stockholders' equity.
Key points
- Net loss available to common stockholders of $65.6 million, or $1.41 per diluted share, versus net income of $37.4 million, or $0.80, in Q2 2024
- $179.6 million loss on sale of available-for-sale debt securities ($2.92 per diluted share) and $5.9 million in restructuring expense
- Net interest income rose to $240.1 million from $216.6 million in Q2 2024; net interest margin was 3.16%
- Book value per share was $66.09 at September 30, 2024, up 14% year over year
The filing
Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 17, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.