Texas Capital Bancshares, Inc. - TCBI STOCK NEWS

Texas Capital Bank has published its inaugural 2023 Environmental, Social, and Governance (ESG) report, marking a shift from its previous annual Corporate Social Responsibility Report. This new initiative, titled "Our Values in Action," reflects the bank's commitment to being a leading corporate citizen in Texas. Over the past year, the bank has made significant strides in enhancing its culture and business framework, gaining recognition as America's most trusted bank by Newsweek. The ESG Council was formed to identify opportunities, set goals, and monitor progress on ESG matters. The report outlines the bank's dedication to community service, as well as efforts in diversity, equity, inclusion, and consumer protection. Texas Capital aims to elevate its status as a premier financial services firm in Texas by sharing its achievements and setting ambitious future goals.

Texas Capital Bank has partnered with The University of North Texas at Dallas (UNT Dallas) to promote diversity in the financial services sector. The initiative introduces the American Banker Association's Commercial Lending Certificate for students, equipping them with essential credit analysis and commercial banking skills. This program can be integrated into finance, business, and accounting majors. As part of the collaboration, professionals from Texas Capital Bank will lead career development sessions. This move addresses the underrepresentation of African American and Hispanic credit analysts, with the job market expected to grow by 8.3% by 2026.

Texas Capital Bank served as the Opening Day sponsor for the 2023 Houston Livestock Show and Rodeo, marking a significant first for the institution. This partnership underscores its commitment to the community and education initiatives. On February 28, the bank distributed 10,000 limited edition bobbleheads and upgraded seating for select attendees, enhancing the Rodeo experience. The bank's engagement aligns with its mission to support Texas communities, further exemplified by an upcoming partnership in June with the Rodeo Scholarship Celebration. Texas Capital Bank is publicly traded under NASDAQ: TCBI.

Texas Capital Bancshares, Inc. (NASDAQ: TCBI) announced the appointment of Edward Rosenberg as Managing Director at Texas Capital Securities, effective March 2, 2023. Rosenberg will lead the funds management strategy and work with the Investment Banking and Private Wealth teams. With over 28 years of experience, he previously held leadership roles at American Century Investments, Northern Trust, and Russell Investments. Texas Capital Bank aims to expand its service offerings in investment banking and private wealth management. The company is headquartered in Dallas and operates across several Texas cities.

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 translates to $0.359375 per depositary share, each representing a 1/40th interest in the preferred stock. The dividend is scheduled for payment on March 15, 2023, to shareholders on record as of March 1, 2023. Texas Capital Bancshares operates Texas Capital Bank, offering tailored financial services across various sectors, with a presence in multiple Texas cities.

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.