Texas Capital Stock Price, News & Analysis

Texas Capital Bancshares (NASDAQ: TCBI) announced a conference call to discuss its fourth quarter 2021 results on January 20, 2022, at 4:30 p.m. EDT. A related press release will be issued at 4:00 p.m. EDT. Participants can pre-register for the call online to receive a unique PIN or join via phone using access code 071705. The live webcast can be accessed through the company's website, and an audio replay will be available after the call. Texas Capital Bancshares provides personalized financial services to businesses across major Texas cities.

Texas Capital Bancshares, Inc. (NASDAQ: TCBI) has announced a leadership transition effective January 1, 2022. Matt Scurlock, currently the Executive Vice President, Corporate Treasurer, will assume the role of Chief Financial Officer, succeeding Julie Anderson, who is stepping down after 22 years. Anderson will assist in the transition until March 31, 2022. Scurlock brings a strong background in corporate finance and treasury, having held key roles at Texas Capital Bank since 2013 and served at Deloitte and Zions Bancorporation. This change is seen as critical for optimizing financial performance and supporting the company’s strategic goals.

Texas Capital Bancshares, Inc. (NASDAQ: TCBI) has appointed Jay Clingman as Vice Chairman of Commercial Banking, effective November 15, 2021. Clingman, a Texas banking veteran with over three decades at JPMorgan Chase, will work to enhance strategy and identify growth opportunities across Commercial Banking at Texas Capital Bank. CEO Rob C. Holmes highlighted the importance of Clingman’s experience in executing the bank’s strategic vision, particularly in expanding its focus on commercial and industrial markets.

Texas Capital Bancshares (NASDAQ: TCBI) has appointed Chris Calvert as Market Chairman and Claire Harrison as Market President of Austin. Harrison, previously Senior VP of Corporate Banking, will focus on developing client opportunities and market growth. Calvert, with over 20 years at the Bank, will continue to lead Corporate and Middle Market Banking in Austin. CEO Rob C. Holmes praised Harrison’s contributions since joining in June. This leadership change aims to strengthen the Bank's presence in Austin and improve client service, aligning with the Bank's strategic vision.

Texas Capital Bancshares, Inc. (NASDAQ: TCBI) announced a cash dividend of $14.375 per share on 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 a share of the Series B Preferred Stock. The dividend will be payable on December 15, 2021, for shareholders on record as of December 1, 2021. This announcement reflects the company's commitment to returning value to its shareholders.

Texas Capital Bancshares, Inc. (NASDAQ: TCBI) reported Q3 2021 net income of $43.4 million ($0.76 per diluted share), down 24% from Q3 2020. The company saw a 5% increase in demand deposits but a 4% decrease in loans held for investment year-over-year. A $5.0 million provision for credit losses was recorded, contrasting with a negative provision in the previous quarter. Non-interest income fell 30% quarterly and 65% year-over-year. Regulatory capital ratios remained strong, exceeding well-capitalized requirements.

Texas Capital Bancshares, Inc. (NASDAQ: TCBI) will host a conference call on October 20, 2021, at 4:30 p.m. EDT to discuss its third quarter 2021 operating results. The press release will precede the call at 4:00 p.m. EDT. Interested participants can register for the call online to obtain a unique PIN or join through a dedicated phone line. A live webcast and presentation slides will be available on the company's website, and an audio replay will be accessible post-call until December 20, 2021.

Texas Capital Bancshares, Inc. (NASDAQ: TCBI) has appointed Anna M. Alvarado as Executive Vice President, Chief Legal Officer, and Corporate Secretary, effective October 15, 2021. Previously, Ms. Alvarado served as General Counsel at FirstCash, Inc., where she managed an international legal team and led significant initiatives, including Latin American expansion. CEO Rob C. Holmes anticipates her diverse expertise will bolster the bank's strategic objectives amidst evolving regulatory challenges, particularly with the upcoming broker-dealer launch.

Texas Capital Bancshares, Inc. (NASDAQ: TCBI) has announced a comprehensive strategy to transform Texas Capital Bank into a flagship financial services firm. CEO Rob C. Holmes detailed plans to enhance client delivery, invest in technology, and more than double client-facing staff by 2025. The bank aims to expand its services, including launching a broker-dealer and enhancing Treasury Solutions. This new direction focuses on accountability, resource allocation, and long-term value creation for shareholders, demonstrating progress in enhancing client relationships and capital flexibility.