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, Inc. (NASDAQ: TCBI) reported a robust fourth quarter of 2022 with net income of $217.3 million, translating to $4.23 per diluted share, compared to $37.1 million in Q3 2022. The company recognized a pre-tax gain of $248.5 million from the sale of BankDirect Capital Finance, LLC, which significantly boosted non-interest income. Regulatory capital ratios were strong, with CET 1 at 13.0%. Total loans stood at $19.3 billion, reflecting a slight decline from prior quarters. The company also repurchased $65.3 million in stock during the quarter, reinforcing shareholder value.
Texas Capital Bancshares (NASDAQ: TCBI) has appointed Dustin Cosper as the Head of Commercial Real Estate, effective immediately. Cosper, who has been with the bank for 10 years, will oversee the execution of the bank's real estate strategy and work alongside other business lines. He previously served as Senior Vice President, Group Manager, and is recognized for delivering significant results in the sector. His appointment is expected to strengthen client relationships and support the bank's growth in real estate finance.
Texas Capital Bancshares, Inc. (NASDAQ: TCBI) will host a conference call and webcast on January 19, 2023, at 9:00 a.m. EDT to discuss its fourth quarter 2022 operating results. The press release detailing these results will be issued on January 18, 2023, post-market close. Interested participants can pre-register for the call or join via phone using the provided access codes. An audio replay will be available one hour after the call concludes and can be accessed until January 19, 2024. Texas Capital Bancshares provides a range of financial services through Texas Capital Bank.
Texas Capital Bancshares, Inc. (TCBI) has completed the sale of its subsidiary, BankDirect Capital Finance LLC, to AFCO Credit Corporation for approximately $3.4 billion. This strategic move enhances Texas Capital's financial strength, increasing its liquidity and tangible book value while generating a pre-tax gain of about $250 million. The sale is expected to boost the Common Equity Tier 1 ratio by 200 basis points and provide a 7% increase in tangible book value per share. Management aims to focus on expanding its core commercial services in Texas.
Texas Capital Bancshares, Inc. (NASDAQ: TCBI) has declared a cash dividend of $14.375 per share for its 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B. This amounts to $0.359375 per depositary share, representing a 1/40th interest in a share of the Series B Preferred Stock. The dividend is payable on December 15, 2022, to shareholders of record as of December 1, 2022. Texas Capital Bancshares is a member of the Russell 2000 Index and S&P MidCap 400, providing a range of financial services.
Texas Capital Bancshares (NASDAQ: TCBI) reported a net income of $41.4 million for Q3 2022, with earnings available to common stockholders at $37.1 million or $0.74 per diluted share. This is an increase from $29.8 million in Q2 2022 but a slight decrease from $39.1 million in Q3 2021. The bank's net interest income rose to $239.1 million, driven by improved yields. Despite a 20% rise in non-interest expenses due to staffing increases and legal costs, credit quality improved, evidenced by reduced criticized loans. Regulatory capital ratios remain strong.
Texas Capital Bancshares, Inc. (NASDAQ: TCBI) has signed a 15-year lease for its headquarters at 2000 McKinney Avenue in Dallas, expanding its space to over 200,000 square feet across seven floors. The new location will be named Texas Capital Center and includes renovations and additional floors. This move aims to enhance workplace experience and accessibility in Uptown Dallas, with construction expected to begin in early 2023 and wrap up in 2024.
Texas Capital Bancshares, Inc. (NASDAQ: TCBI) announced that its executive team will hold a conference call on October 20, 2022, at 10:00 a.m. EDT to discuss third quarter operating results. The press release with detailed results will be issued after market close on October 19, 2022. Participants can pre-register or call in to join the discussion. An audio replay of the call will be available shortly after its conclusion and can be accessed until October 20, 2023. Texas Capital Bancshares is a full-service financial institution headquartered in Dallas.
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