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 (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.
Texas Capital Bancshares (NASDAQ: TCBI) announced a conference call on July 22, 2020, at 5:00 p.m. EDT to discuss its second quarter 2020 results, with a press release set for 4:00 p.m. EDT. Participants can pre-register online or call in to join. An audio replay will be available shortly after the call. Additionally, the company scheduled its Annual Meeting of Stockholders for October 20, 2020, at 9:00 a.m. CDT, with in-person attendance subject to COVID-19 guidelines. For more details, visit their investor relations website.
Texas Capital Bancshares (NASDAQ: TCBI) announced that C. Keith Cargill has stepped down as President and CEO, effective immediately. Larry L. Helm, previously Chairman of the Board, will serve as Executive Chair, CEO, and President until a permanent successor is named. Cargill will support the transition as Vice Chairman through the end of 2020. The Board is conducting a search for a new CEO with the help of an executive search firm. Helm brings over 30 years of commercial banking experience, focusing on operational excellence and growth strategies in the middle market.