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. 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 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.
Texas Capital Bancshares (NASDAQ: TCBI) announced plans to redeem all 6 million outstanding shares of its 6.50% Non-Cumulative Perpetual Preferred Stock, Series A, at a price of $25 per share. The redemption will occur on June 15, 2021, coinciding with a scheduled dividend payment date. Holders will receive the redemption price, excluding any unpaid dividends. The shares are held electronically via The Depository Trust Company, with Computershare serving as the redemption agent. This move simplifies the company's capital structure and may enhance shareholder value.
Texas Capital Bancshares (NASDAQ: TCBI) announced the redemption of all issued and outstanding 6.50% Subordinated Notes due 2042, totaling $111 million, effective June 21, 2021. Holders will receive a redemption price of 100% of the principal plus accrued interest up to the redemption date. Post-redemption, interest on the Notes will cease. The Notes are book-entry form through The Depository Trust Company. For redemption details, investors must contact their brokers.
Texas Capital Bank has completed a rebranding initiative, introducing a new logo and an updated website to reflect its commitment to client relationships and future vision under President and CEO Rob C. Holmes. The rebranding focuses on expanding client relationships and enhancing capital flexibility to foster growth and long-term value. The new logo is designed to be modern and approachable, while the redesigned website improves user experience and showcases the bank's expertise. Texas Capital Bancshares is listed on NASDAQ under the ticker TCBI.
Texas Capital Bancshares (NASDAQ: TCBI) has announced a public offering of $375 million in 4.000% Fixed-to-Fixed Rate Subordinated Notes due 2031, priced at 100% of face value. Interest will be paid semi-annually, starting November 6, 2021. The offering is expected to close on May 6, 2021, subject to typical closing conditions. The proceeds will be used for general corporate purposes, including potentially redeeming existing subordinated notes. J.P. Morgan Securities LLC and Goldman Sachs & Co. LLC are acting as joint book-running managers for the offering.
Texas Capital Bancshares, Inc. (NASDAQ: TCBI) declared a cash dividend of $0.40625 per share for its Series A Preferred Stock and $14.375 per share for its Series B Preferred Stock. These dividends are payable on June 15, 2021, to shareholders on record by June 1, 2021. The Series A Preferred Stock trades under the symbol TCBIP, and the Series B under TCBIO.
Texas Capital Bank offers personalized financial services, serving the community from locations in major Texas cities.
Texas Capital Bank has agreed to sell its Mortgage Servicing Rights (MSRs) portfolio, valued at approximately $14 billion, to PHH Mortgage. This sale aims to optimize the bank's balance sheet and focus on high-growth segments. Alongside, PHH plans to offer jobs to many of Texas Capital's Correspondent Lending employees, facilitating a smoother transition. Texas Capital remains committed to its core Mortgage Finance, Mortgage Warehouse, and Specialty Lending businesses, with an expectation of increased investments in these areas. The transaction is set for completion in Q2 2021, pending standard conditions.