Texas Capital Stock Price, News & Analysis

Texas Capital Bancshares, Inc. (NASDAQ: TCBI) has declared 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, with the shares traded under the symbol TCBIO. The dividend is payable on September 15, 2021, to shareholders on record as of September 1, 2021.

Texas Capital Bancshares is a member of the Russell 2000 and S&P MidCap 400 indexes, offering personalized financial services across Texas.

Texas Capital Bancshares (NASDAQ: TCBI) reported strong second-quarter results for 2021, with a net income of $73.5 million, which is a remarkable increase compared to both the previous quarter and the same period in 2020. Key developments included a $375 million subordinated note issuance and the strategic sale of mortgage servicing rights to optimize resources. Despite a decline in loans held for investment and deposits, significant drops in non-performing assets and provisions for credit losses were noted, reflecting a recovery from the COVID-19 pandemic's impact.

Texas Capital Bancshares (NASDAQ: TCBI) announced the appointment of Paola Arbour to its Board of Directors, expanding the board to eleven members. Chairman Larry Helm highlighted her extensive experience in driving technological advancements and enhancing customer experiences. Arbour, currently the Chief Information Officer at Tenet Healthcare, brings over 30 years of IT leadership experience. She has held significant roles at ProV International, ServiceNow, and Dell Services. Arbour expressed excitement about strengthening the bank's position and improving service offerings.

Texas Capital Bancshares, Inc. (NASDAQ: TCBI) announced the appointment of Jon M. Larson as Head of Homebuilder and Community Finance, effective July 14, 2021. Larson brings over 30 years of real estate banking experience, previously generating over $5 billion in homebuilder portfolios. Reporting to Curtis Burchard, he will enhance banking solutions for homebuilders and developers. Texas Capital Bank aims to leverage Larson's expertise to improve client relationships and service delivery, affirming its commitment to the homebuilder sector.

Texas Capital Bancshares, Inc. (NASDAQ: TCBI) announced a conference call to discuss Q2 2021 results on July 21, 2021, at 4:30 p.m. EDT. Registrations for the call are available online, with a unique PIN provided for access. A replay will be available post-call. Additionally, a strategy update call is scheduled for September 1, 2021. The company is a member of the Russell 2000® Index and S&P MidCap 400®, offering personalized financial services to businesses nationwide.

Texas Capital Bank has appointed Rick Rodman as the Head of Business Banking, effective June 21, 2021. This new position demonstrates the bank's strategy to expand its Business Banking segment significantly. Rodman brings over 15 years of leadership experience in banking, having previously worked at CrossFirst Bankshares, Capital One, and Bank of America Merrill Lynch. The bank's CEO, Rob C. Holmes, emphasized Rodman's local market knowledge and leadership skills, anticipating his contribution to growth and profitability within the Commercial & Industrial Banking franchise.

Texas Capital Bank (TCBI) has committed $100,000 to the Future Bankers Leadership Program at Texas Southern University. This initiative, in partnership with the Texas Bankers Association, aims to enhance diversity in banking by providing formal education, mentorship, and two paid internships for students. Scheduled to launch in Fall 2021, the program prepares students for careers in commercial banking, fostering a more inclusive workforce. Texas Capital Bank emphasizes its commitment to diversity, equity, and inclusion in both its operations and community initiatives.

Texas Capital Bancshares, Inc. (NASDAQ: TCBI) announced a revised quarterly cash dividend of $16.2917 per share for its 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B. The dividend, equivalent to $0.4072917 per depositary share, includes an additional period from March 3 to March 15, 2021. This payment is due on June 15, 2021, to holders of record at the close of business on June 1, 2021. Texas Capital is a commercial bank based in Dallas, providing personalized financial services across Texas.

Texas Capital Bank has announced key leadership changes, effective between May and August 2021. Joe Valenzuela is appointed Senior Manager, Diversity, Equity, & Inclusion, aiming to enhance the company’s diversity initiatives. Don Goin takes on the role of Chief Information Officer, focusing on technological strategies to improve client services. Madison Simm steps up as President of Mortgage Finance after the retirement of Jack Nunnery, overseeing critical business solutions in the mortgage sector. These appointments are part of Texas Capital Bank's strategy to strengthen its position and serve clients effectively.