Texas Capital Stock Price, News & Analysis

Texas Capital Bancshares (NASDAQ: TCBI) reported a first quarter 2022 net income of $39.7 million, or $0.69 per diluted share, down from $65.1 million in Q4 2021 and $71.9 million in Q1 2021. The decline was attributed to a decrease in mortgage finance loans attributed to rising interest rates. Loans held for investment, excluding mortgage finance and PPP, increased by $577.7 million (15% annualized). The bank's total deposits fell to $25.4 billion, a decline compared to previous quarters. Regulatory capital ratios remain robust.

Texas Capital Bancshares, ticker TCBI, announced a conference call on April 20, 2022, at 4:30 p.m. EDT to discuss its first quarter 2022 results. The press release will precede the call at 4:00 p.m. EDT. Participants can pre-register or join via phone, with specific access codes provided. An audio replay will be available post-call, lasting until July 19, 2022. Texas Capital Bancshares, founded in 1998 and based in Dallas, operates Texas Capital Bank, offering various financial services including commercial and consumer banking.

Texas Capital Bancshares (NASDAQ: TCBI) has been recognized as the number-one most trusted bank in America by Newsweek for 2022. This prestigious accolade, based on independent survey evaluations involving 50,000 U.S. residents, underscores the bank's commitment to client trust and employee dedication. Texas Capital Bank aims to establish itself as the flagship financial services firm in Texas while reinforcing a culture of collaboration and respect. The award reflects their strategic focus on transparency and trust, vital for lasting client relationships.

Texas Capital Bancshares (NASDAQ: TCBI) is expanding its Commercial Lending Certificate Program to include Huston-Tillotson University in Austin, Texas, in collaboration with the American Bankers Association (ABA). Initiated in 2021, the program aims to equip students with essential skills for careers in financial services. The curriculum will cover commercial lending processes, industry risk assessment, and loan structuring. Students passing the course will receive a certificate from ABA. The program reflects Texas Capital Bank's commitment to community empowerment.

Texas Capital Bancshares, Inc. (NASDAQ: TCBI) announced the expansion of its digital platform, Bask Bank, with the introduction of the Bask Interest Savings Account. This account offers a competitive Annual Percentage Yield (APY) of 0.70%, significantly higher than the national average of 0.06%. Bask Bank aims to meet the needs of customers seeking high-yield savings solutions without minimum balance requirements or monthly fees. The initiative reflects Texas Capital's commitment to providing enhanced financial services and improving customer experience.

Texas Capital Bancshares, Inc. (NASDAQ: TCBI) has announced a cash dividend of $14.375 per share for its 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B. This dividend is equivalent to $0.359375 per depositary share, with each depositary share representing a 1/40th interest in a share of the Series B Preferred Stock. The dividend will be payable on March 15, 2022, to shareholders on record as of March 1, 2022.

Texas Capital Bancshares, Inc. (NASDAQ: TCBI) has appointed John W. Cummings as Executive Vice President, Chief Administrative Officer, effective January 21, 2022. Mr. Cummings brings nearly 40 years of experience in the financial services sector, having held leadership roles at Citigroup and Merrill Lynch. His responsibilities will include overseeing Community Development, Corporate Communications, and various business lines. The CEO, Rob C. Holmes, expresses optimism about Cummings' impact on the bank's strategy and growth opportunities.

Texas Capital Bancshares, Inc. (NASDAQ: TCBI) reported strong financial results for Q4 2021, with net income reaching $65.1 million or $1.19 per diluted share, up from $43.4 million in Q3 2021. Full year 2021 net income totaled $253.9 million, a significant increase from $66.3 million in 2020. The bank benefited from a $10 million provision release, reflecting improved credit quality. Total assets decreased to $34.7 billion, while total deposits were $28.1 billion. Capital ratios remained above 'well-capitalized' requirements.

Texas Capital Bancshares (NASDAQ: TCBI) has officially launched Texas Capital Securities, its affiliated broker dealer, after receiving necessary regulatory approvals. This new entity, registered with FINRA, SEC, and state regulators, will offer a variety of investment banking services including mergers and acquisitions advisory, capital raising, and securities underwriting. The launch aims to enhance client relationships and increase fee-based revenue from its existing corporate, real estate, and mortgage finance client base.