Welcome to our dedicated page for Texas Capital Bancshares news (Ticker: TCBI), a resource for investors and traders seeking the latest updates and insights on Texas Capital Bancshares stock.
Texas Capital Bancshares, Inc. (NASDAQ: TCBI), headquartered in Dallas, Texas, is a prominent commercial bank known for delivering highly personalized financial services to businesses and entrepreneurs. As a wholly-owned subsidiary of Texas Capital Bank, the company extends its expert services across Texas and throughout the United States. Recognized by Forbes as one of America's Best Banks, Texas Capital Bank prides itself on its client-centric approach and streamlined decision-making processes, making it the best business bank in Texas.
Founded in 1998, Texas Capital offers a comprehensive suite of financial solutions including commercial banking, consumer banking, investment banking, and wealth management. Its operations span key Texas metropolitan areas such as Austin, Dallas, Fort Worth, Houston, and San Antonio. The bank's national lines of business further provide specialized lending products to businesses nationwide, primarily focusing on secured lending with a majority of loans held for investment.
Texas Capital Bancshares has recently been involved in several noteworthy projects and partnerships. These include collaborations with organizations like the Presbyterian Night Shelter to combat homelessness and the launch of innovative financial products such as the Texas Capital Texas Small Cap Equity Index ETF (NASDAQ: TXSS). This new ETF aims to track the performance of small-cap companies headquartered in Texas, reflecting the state’s diverse economy and solidifying Texas Capital's role in supporting local businesses.
Financially, Texas Capital continues to demonstrate robust performance, as evidenced by their latest quarterly reports and forward-looking statements. The bank's ability to handle complex deals while maintaining close personal relationships with clients underscores their commitment to service excellence.
For more detailed information and the latest updates on Texas Capital Bancshares, visit their investor website or contact their representatives directly.
Texas Capital Bancshares will celebrate the launch of its broker dealer, Texas Capital Securities, on May 17, 2022, at the Nasdaq MarketSite, with CEO Rob C. Holmes ringing the Closing Bell. This move positions Texas Capital as the only full-service financial services firm in Texas, enhancing its capabilities to serve clients throughout their financial journeys. The new investment banking arm will offer access to capital markets and financial advisory services, representing a significant expansion of Texas Capital's service offerings.
Texas Capital Bancshares, Inc. (NASDAQ: TCBI) has announced a cash dividend of $14.375 per share for its 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B. This dividend, which amounts to $0.359375 per depositary share, is payable on June 15, 2022, to shareholders on record as of June 1, 2022. This reflects the company's commitment to providing returns to its investors while supporting its operational capabilities.
Texas Capital Bancshares (NASDAQ: TCBI) reported a first quarter 2022 net income of $39.7 million, or $0.69 per diluted share, down from $65.1 million in Q4 2021 and $71.9 million in Q1 2021. The decline was attributed to a decrease in mortgage finance loans attributed to rising interest rates. Loans held for investment, excluding mortgage finance and PPP, increased by $577.7 million (15% annualized). The bank's total deposits fell to $25.4 billion, a decline compared to previous quarters. Regulatory capital ratios remain robust.
Texas Capital Bancshares, ticker TCBI, announced a conference call on April 20, 2022, at 4:30 p.m. EDT to discuss its first quarter 2022 results. The press release will precede the call at 4:00 p.m. EDT. Participants can pre-register or join via phone, with specific access codes provided. An audio replay will be available post-call, lasting until July 19, 2022. Texas Capital Bancshares, founded in 1998 and based in Dallas, operates Texas Capital Bank, offering various financial services including commercial and consumer banking.
Texas Capital Bancshares (NASDAQ: TCBI) has been recognized as the number-one most trusted bank in America by Newsweek for 2022. This prestigious accolade, based on independent survey evaluations involving 50,000 U.S. residents, underscores the bank's commitment to client trust and employee dedication. Texas Capital Bank aims to establish itself as the flagship financial services firm in Texas while reinforcing a culture of collaboration and respect. The award reflects their strategic focus on transparency and trust, vital for lasting client relationships.
Texas Capital Bancshares (NASDAQ: TCBI) is expanding its Commercial Lending Certificate Program to include Huston-Tillotson University in Austin, Texas, in collaboration with the American Bankers Association (ABA). Initiated in 2021, the program aims to equip students with essential skills for careers in financial services. The curriculum will cover commercial lending processes, industry risk assessment, and loan structuring. Students passing the course will receive a certificate from ABA. The program reflects Texas Capital Bank's commitment to community empowerment.
Texas Capital Bancshares, Inc. (NASDAQ: TCBI) announced the expansion of its digital platform, Bask Bank, with the introduction of the Bask Interest Savings Account. This account offers a competitive Annual Percentage Yield (APY) of 0.70%, significantly higher than the national average of 0.06%. Bask Bank aims to meet the needs of customers seeking high-yield savings solutions without minimum balance requirements or monthly fees. The initiative reflects Texas Capital's commitment to providing enhanced financial services and improving customer experience.
Texas Capital Bancshares, Inc. (NASDAQ: TCBI) has announced a cash dividend of $14.375 per share for its 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B. This dividend is equivalent to $0.359375 per depositary share, with each depositary share representing a 1/40th interest in a share of the Series B Preferred Stock. The dividend will be payable on March 15, 2022, to shareholders on record as of March 1, 2022.
Texas Capital Bancshares, Inc. (NASDAQ: TCBI) has appointed John W. Cummings as Executive Vice President, Chief Administrative Officer, effective January 21, 2022. Mr. Cummings brings nearly 40 years of experience in the financial services sector, having held leadership roles at Citigroup and Merrill Lynch. His responsibilities will include overseeing Community Development, Corporate Communications, and various business lines. The CEO, Rob C. Holmes, expresses optimism about Cummings' impact on the bank's strategy and growth opportunities.
Texas Capital Bancshares, Inc. (NASDAQ: TCBI) reported strong financial results for Q4 2021, with net income reaching $65.1 million or $1.19 per diluted share, up from $43.4 million in Q3 2021. Full year 2021 net income totaled $253.9 million, a significant increase from $66.3 million in 2020. The bank benefited from a $10 million provision release, reflecting improved credit quality. Total assets decreased to $34.7 billion, while total deposits were $28.1 billion. Capital ratios remained above 'well-capitalized' requirements.
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