Energy sector rebound fuels 1Q profit rise at Texas Capital | American Banker

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Profit at Texas Capital Bancshares spiked upward in the first quarter as improvement in the energy sector allowed the Dallas company to reduce its loan-loss provision by more than two-thirds.

The $21 billion-asset company’s net income rose 77% from a year earlier to $40.1 million. Earnings per share were 80 cents, meeting the average estimate of analysts compiled by FactSet Research Systems.

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