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 Bank announces executive appointments to strengthen leadership and drive long-term strategy. Nancy McDonnell becomes Executive Vice President, Head of Treasury Services, bringing 30 years of experience from JPMorgan Chase. Tim Storms is appointed Executive Vice President, Head of Risk Transformation, with nearly 38 years in risk management at JPMorgan. Both executives will report to CEO Rob C. Holmes and aim to enhance the company’s operations and shareholder value while navigating a challenging market.
Texas Capital Bancshares (NASDAQ: TCBI) reported its fourth quarter and full-year results for 2020, highlighting a net income of $60.2 million ($1.14 per share) for the fourth quarter, a 7% decline year-over-year. The full-year net income was $66.3 million, down 79% from 2019. Average mortgage finance loans rose 5% quarter-over-quarter, and credit quality improved with decreases in non-performing assets. The company successfully deployed $1.8 billion into higher yielding securities. Despite challenges, the company remains optimistic with new CEO Rob Holmes expected to enhance performance.
Benchmark Email has secured a $3,000,000 credit facility from Texas Capital Bank, designed to scale with the company's revenue. CEO Jonathan Herrick stated that this funding will support aggressive acquisitions to promote growth and innovation in 2021. The company aims to enhance its sales and marketing solutions for small to medium-sized businesses (SMBs), leveraging Martech tools and AI. Texas Capital Bank's Doug Mangum expressed confidence in Benchmark Email's leadership and growth potential within the Martech space.
Liberty Commercial Finance has announced the closing of a new senior lending facility with Texas Capital Bank to enhance its funding capabilities. This move follows a recent equity investment from Copley Equity Partners. While the size of the facility remains undisclosed, it aims to provide a stable capital base to support Liberty's clients. The partnership underscores the commitment to delivering value at various business stages, as highlighted by Texas Capital Bank's management. Liberty has funded over $600 million in originations since its inception in 2017.
Texas Capital Bancshares, Inc. (NASDAQ: TCBI) has appointed Rob C. Holmes as CEO and President, effective January 24, 2021. Holmes succeeds Larry L. Helm, who will continue as Executive Chair for a transition period. With over 30 years at JPMorgan Chase, Holmes brings extensive experience in corporate banking and investment. Helm praised Holmes for his leadership qualities, emphasizing the need for innovation and strong client relationships. Holmes expressed commitment to sustainable growth and the bank's unique market position. Texas Capital Bank aims to enhance shareholder value under his leadership.
Texas Capital Bancshares, Inc. (NASDAQ: TCBI) has declared a cash dividend of $0.40625 per share for its Series A non-cumulative perpetual preferred stock, trading under the symbol TCBIP. This dividend will be payable on December 15, 2020, to shareholders of record as of December 1, 2020. The company serves various financial needs with a strong presence in major Texas cities, enhancing its position in the market.
Texas Capital Bancshares, Inc. (NASDAQ: TCBI) reported Q3 2020 net income of $57.1 million ($1.08 per share), a significant improvement from a net loss of $34.3 million in Q2 2020 but down 36% from $88.1 million in Q3 2019. Total mortgage finance loans rose 6% quarter-over-quarter, while demand deposits increased 14%. However, loans held for investment fell 5% from Q2 and 6% from the previous year. The provision for credit losses decreased to $30 million, with criticized loans totaling $1.1 billion. Regulatory capital ratios remain well-capitalized.
Texas Capital Bancshares (NASDAQ: TCBI) has announced a conference call scheduled for October 21, 2020, at 5:00 p.m. EDT to discuss its third quarter 2020 operating results. The press release will be issued at 4:00 p.m. EDT on the same day. Participants can pre-register for the call via the provided link or join by calling designated numbers. An audio replay will be available shortly after the call's conclusion. Texas Capital Bancshares operates Texas Capital Bank, focusing on personalized financial services across major Texas cities.
Texas Capital Bancshares, Inc. (NASDAQ: TCBI) announced a cash dividend of $0.40625 per share for its non-cumulative perpetual preferred stock, Series A (NASDAQ: TCBIP). The dividend is payable on September 15, 2020, to shareholders who are on record as of September 1, 2020. As a member of the Russell 2000® Index and S&P MidCap 400®, Texas Capital Bank provides personalized financial services across Texas.
Texas Capital Bancshares, Inc. (NASDAQ: TCBI) reported a net loss of $34.3 million, or $0.73 per diluted share, for Q2 2020, a significant decline from net income of $77.8 million in Q2 2019. The loss was attributed to a $100 million provision for credit losses amid rising criticized loans due to COVID-19. Non-interest income rose by $58.7 million, but non-interest expenses increased significantly by $56.9 million compared to Q1 2020. The bank continues to support clients with a loan modification program and funded $717.5 million under the Paycheck Protection Program.
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