DA Davidson cuts Texas Capital Bancshares stock price target on expense outlook
DA Davidson reduced Texas Capital Bancshares (TCBI) price target to $105 from $106, citing higher expected expenses. The bank reported strong Q3 2026 results, with EPS of $2.35 and revenue of $356.6M, beating estimates. Revenue grew 35.6% YoY, driven by net interest margin expansion and record investment banking. Management plans aggressive hiring, which may increase costs. Credit trends were mixed, with pressure on mortgage finance.
