Welcome to our dedicated page for Texas Capital news (Ticker: TCBI), a resource for investors and traders seeking the latest updates and insights on Texas Capital stock.
Texas Capital Bancshares, Inc. (NASDAQ: TCBI) is the parent company of Texas Capital Bank and operates as a full-service financial services firm serving businesses, entrepreneurs and individual customers. This news page aggregates company announcements, press releases and other updates related to TCBI and its affiliates, giving readers a single place to review the latest information about the firm.
According to its public disclosures, Texas Capital is headquartered in Dallas, Texas, with offices in Austin, Houston, San Antonio and Fort Worth, and has built a network of clients across the country. The company reports capabilities in commercial banking, consumer banking, investment banking and wealth management, as well as capital markets and advisory services through its broker-dealer subsidiary, TCBI Securities, Inc. News items often highlight developments across these areas.
Visitors can expect to find coverage of quarterly and full-year operating results, including earnings releases and discussions of balance sheet trends, capital ratios and credit quality metrics. Other frequent topics include dividend declarations on preferred stock, share repurchase activity, index membership references, and announcements about strategic initiatives such as expansions of the Corporate and Investment Banking platform or changes related to sponsored funds and ETFs.
The page may also feature updates on community and philanthropic initiatives, such as the Texas Capital Foundation’s Honors Awards, which provide grants to nonprofit organizations across Texas. Together, these news items provide context on how Texas Capital Bancshares manages its banking operations, capital markets activities and community engagement over time. Investors, clients and observers can use this news feed to follow the company’s official communications and regulatory-related announcements.
Texas Capital Bancshares, Inc. (NASDAQ: TCBI) appointed Thomas E. Long to its Board of Directors, expanding the board to 12 members. Long, co-CEO of Energy Transfer LP, brings over 30 years of leadership experience in the energy sector. He aims to leverage his financial expertise to contribute to Texas Capital's strategic initiatives. The management expressed optimism about Long's appointment, stating it aligns with their enterprise transformation plan to enhance financial services and shareholder value. Long holds a BA in Accounting and is a Certified Public Accountant.
Texas Capital Bancshares will celebrate the launch of its broker dealer, Texas Capital Securities, on May 17, 2022, at the Nasdaq MarketSite, with CEO Rob C. Holmes ringing the Closing Bell. This move positions Texas Capital as the only full-service financial services firm in Texas, enhancing its capabilities to serve clients throughout their financial journeys. The new investment banking arm will offer access to capital markets and financial advisory services, representing a significant expansion of Texas Capital's service offerings.
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, which amounts to $0.359375 per depositary share, is payable on June 15, 2022, to shareholders on record as of June 1, 2022. This reflects the company's commitment to providing returns to its investors while supporting its operational capabilities.
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.