Texas Capital BancShares Inc. (NASDAQ:TCBI) Q1 2015 Earnings Conference Call - Final Transcript

Apr 22, 2016 • 05:00 pm ET


Texas Capital BancShares Inc. (NASDAQ:TCBI) Q1 2015 Earnings Conference Call - Final Transcript


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Good afternoon, and welcome to the Texas Capital Bancshares First Quarter 2015 Earnings Conference Call.

[Operator Instructions]

I'd now like to turn the conference over to Heather Worley, Director of Investor Relations. Please go ahead.

Heather Worley

Welcome to the Texas Capital Bancshares First Quarter 2015 Earnings Conference Call. I am Heather Worley, Director of Investor Relations.

[Operator Instructions] Before we get into our discussion today, I would like to read the following statements. Certain matters discussed on this call may contain forward-looking statements as defined in federal securities laws, which statements are subject to risks and uncertainties and are based on Texas Capital's current estimates or expectations of future events or future results.

These statements are not historical in nature and can generally be identified by such words as believe, expect, estimate, anticipate, plan, may, will, intend and similar expressions. A number of factors, many of which are beyond Texas Capital's control, could cause actual results to differ materially from future results expressed or implied by our forward-looking statements. These risks and uncertainties include the risks of adverse impacts from general economic conditions, the effects of recent declines in oil and gas prices on our customers, competition, changes in interest rates and exposure to regulatory and legislative changes.

These and other factors that could cause results to differ materially from those described in the forward-looking statements, as well as the discussion of the risks and uncertainties that may affect Texas Capital's business, can be found in our Annual Report on Form 10-K and other filings made by Texas Capital with the Securities and Exchange Commission. Forward-looking statements speak only as of the date of this call. Texas Capital is under no obligation and expressly disclaims any obligation to update, alter or revise its forward-looking statements, whether as a result of new information, future events or otherwise. Joining me on the call today are Keith Cargill, President and CEO, and Peter Bartholow, CFO and COO.

After a few prepared remarks, our operator Amy will facilitate a Q&A session.

At this time, I will turn the call over to Keith Cargill, who will begin on Slide 3 of the webcast. Keith?

Keith Cargill

Thank you, Heather. Welcome to our first quarter earnings call. After my opening remarks, Peter Bartholow, our CFO and Chief Operating Officer will review the financial performance with you before handing back the reins for closing comments. After my closing remarks, we will field questions. Let's get started with Slide three. We are pleased to have again delivered strong growth in LHI balances in the first quarter. Competition remains keen. However, we are winning business as our bankers and client support teams continue to deliver exceptional service and custom tailored solutions to both long-time clients and new clients.

We're growing across all lines of business and all geographic regions. As expected, even our energy business has experienced modest growth and Houston posted the strongest percentage growth rate of our five Texas regions. Mortgage finance showed exceptional growth for the first quarter as market