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

Rhea-AI Summary

Texas Capital Bancshares, Inc. (NASDAQ: TCBI) announced a cash dividend of $14.375 per share of its 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B, equivalent to $0.359375 per depositary share. This dividend is payable on September 15, 2022, to shareholders on record as of September 1, 2022. Texas Capital Bank offers a range of financial services and is a member of the Russell 2000 Index and S&P MidCap 400.

Positive

• Cash dividend of $14.375 per share provides income for shareholders.
• Demonstrates company confidence in financial stability.

Negative

• None.

DALLAS, July 25, 2022 (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 September 15, 2022, to holders of record at the close of business on September 1, 2022.

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. For more information, please visit www.texascapitalbank.com. Member FDIC.

FAQ

What is the dividend amount for TCBI's Series B Preferred Stock?

The dividend amount is $14.375 per share.

When is the dividend for TCBI's Series B Preferred Stock payable?

The dividend is payable on September 15, 2022.

What is the record date for the TCBI Series B Preferred Stock dividend?

The record date is September 1, 2022.

How much is each depositary share of TCBI's Series B Preferred Stock?

Each depositary share is equivalent to $0.359375.