Texas Capital Bancshares, Inc. Announces Quarterly Dividend for Preferred Stock

Rhea-AI Summary

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.

Positive

• Declaration of a cash dividend of $14.375 per preferred share, signaling financial strength.
• Dividend payment enhances shareholder value, creating investment appeal.

Negative

• None.

DALLAS, Jan. 23, 2023 (GLOBE NEWSWIRE) -- Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, and its board of directors declared a cash dividend of $14.375 per share of the 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B (the “Series B Preferred Stock”), equivalent to $0.359375 per depositary share, each representing a 1/40th interest in a share of the Series B Preferred Stock. The depositary shares are traded on the NASDAQ under the symbol “TCBIO.” The Series B Preferred Stock dividend is payable on March 15, 2023, to holders of record at the close of business on March 1, 2023.

About Texas Capital Bancshares, Inc.
Texas Capital Bancshares, Inc. (NASDAQ: TCBI), a member of the Russell 2000 Index and the S&P MidCap 400, is the parent company of Texas Capital Bank, a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. Founded in 1998, the institution is headquartered in Dallas with offices in Austin, Houston, San Antonio, and Fort Worth, and has built a network of clients across the country. With the ability to service clients through their entire lifecycles, Texas Capital Bank has established commercial banking, consumer banking, investment banking and wealth management capabilities.

FAQ

What is the dividend amount for TCBI?

The dividend amount for Texas Capital Bancshares (TCBI) is $14.375 per share.

When is the TCBI dividend payment date?

The dividend payment date for TCBI is March 15, 2023.

What is the record date for TCBI's dividend?

The record date for TCBI's dividend is March 1, 2023.

What stock symbol are the preferred shares of TCBI traded under?

The preferred shares of Texas Capital Bancshares are traded under the symbol 'TCBIO'.