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

Rhea-AI Summary

Texas Capital Bancshares, Inc. announces a quarterly dividend for its 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B, at $14.375 per share, payable on June 17, 2024. The dividend amounts to $0.359375 per depositary share, with the record date set for June 3, 2024.

DALLAS, April 22, 2024 (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 June 17, 2024, to holders of record at the close of business on June 3, 2024.

ABOUT TEXAS CAPITAL BANCSHARES, INC.

Texas Capital Bancshares, Inc. (NASDAQ: TCBI), a member of the Russell 2000® Index and the S&P MidCap 400®, the parent company of Texas Capital Bank d/b/a Texas Capital, is 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, building a network of clients across the country. With the ability to service clients through their entire lifecycles, Texas Capital established commercial banking, consumer banking, investment banking and wealth management capabilities. All services are subject to applicable laws, regulations, and service terms. Member FDIC. For more information, please visit www.texascapital.com.

FAQ

What dividend has Texas Capital Bancshares, Inc. announced for its preferred stock?

Texas Capital Bancshares, Inc. has declared a cash dividend of $14.375 per share of the 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B.

When is the dividend payable for Texas Capital Bancshares, Inc. preferred stock?

The dividend for Texas Capital Bancshares, Inc. preferred stock is payable on June 17, 2024.

What is the record date for the dividend of Texas Capital Bancshares, Inc. preferred stock?

The record date for the dividend of Texas Capital Bancshares, Inc. preferred stock is June 3, 2024.

What is the depositary share equivalent for the Texas Capital Bancshares, Inc. Series B Preferred Stock dividend?

The depositary share equivalent for the Texas Capital Bancshares, Inc. Series B Preferred Stock dividend is $0.359375 per depositary share.

Where are the depositary shares of Texas Capital Bancshares, Inc. Series B Preferred Stock traded?

The depositary shares of Texas Capital Bancshares, Inc. Series B Preferred Stock are traded on the NASDAQ under the symbol 'TCBIO'.