Dallas-based Texas Capital Bancshares Inc. on Oct. 18 posted a 39.6% year-over-year increase in third-quarter profit.

Net income available to common stockholders climbed to $56.2 million, or $1.12 per share, from net income of $40.3 million, or 87 cents per share, a year ago. The S&P Capital IQ consensus normalized EPS estimate was $1.11.

The company's net interest margin for the quarter was 3.59%, up from 3.57% in the linked quarter and up from 3.14% a year ago.

At the end of the third quarter, total nonperforming assets stood at $136.3 million, compared to $142.4 million in the linked quarter and a decrease from $188.1 million a year ago. Net charge-offs totaled $10.7 million, compared to net charge-offs of $12.4 million in the linked quarter and net charge-offs of $7.4 million in the prior-year quarter. The company recorded a provision for loan losses of $19.4 million, up from $14.6 million in the previous quarter and down from $20.5 million a year earlier.

Texas Capital also recorded a $20.0 million provision for credit losses, which includes $4.5 million for losses related to hurricanes Harvey and Irma.

Texas Capital reported return on equity of 11.20%, compared with the second quarter's 10.08% and the year-ago period's 10.20%.