TXCP

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Texas Capital Bancshares climbs 4%

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Texas Capital Bancshares (TCBI.US) climbed nearly 4% during regular trading to $105.33.

The stock is up 16.61% over the past ten sessions and up 16.82% year to date. It sits 30.15% above its 52-week low of US$80.93. Volume was 0.34 times its average.

The Nasdaq Composite is down 1.69% over the past five sessions and up 10.69% year to date.

The regional banks industry index rose 2.2% over the same period, in line with the stock's move.

Third-quarter adjusted earnings per share reached a record $2.35, up 8% year-over-year and 25% sequentially, while adjusted net income rose 2% from a year earlier to $102.7 million. Total revenue increased 5% year-over-year to $356.6 million.

Management raised its full-year adjusted revenue growth guidance to the high single digits and approved a new $200 million share buyback program.

Based on public media reports. AI-generated; not investment advice.

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