Texas Capital Bancshares, Inc. reports news as the bank holding company parent of Texas Capital Bank and the broader Texas Capital brand. The firm provides full-service financial services through commercial banking, consumer banking, investment banking and wealth management capabilities for businesses, entrepreneurs and individual customers.
Recurring updates cover quarterly operating results, net interest income and margin trends, loan and deposit activity, fee-generating businesses, regulatory capital levels, dividends on common and preferred securities, and capital actions. Company news also includes syndicated credit facilities led by Texas Capital, leadership and operating-model appointments, and Texas Capital Foundation community grant programs in Texas.
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.
Texas Capital Bancshares (NASDAQ: TCBI) announced the appointment of Daniel S. Hoverman as Executive Vice President of Texas Capital Bank and President of TCBI Securities, Inc., effective immediately. Hoverman will lead the bank's Investment Banking Division to expand its services, including mergers and acquisitions advisory and capital raising. With over 20 years of experience in investment banking, he previously held key positions at Regions Bank and Houlihan Lokey. The bank has begun registering TCBI Securities, Inc. with regulatory bodies to enhance its client offerings.
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.