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 announced the appointment of Tim Storms as Executive Vice President and Chief Risk Officer, effective immediately, succeeding John Turpen, who will assist until March 31, 2021. Shannon Jurecka has been named Chief Human Resources Officer, effective April 1, 2021. Storms will oversee risk management functions, while Jurecka will focus on the company’s human capital strategy. Both executives report to Rob C. Holmes, President and CEO, as Texas Capital Bank aims to enhance its risk management culture and employee development initiatives.
The board of Texas Capital Bancshares, Inc. (NASDAQ: TCBI) has declared a cash dividend of $0.40625 per share for its Series A Preferred Stock, symbolized as TCBIP. This dividend is scheduled for payment on March 15, 2021, to shareholders recorded by the close of business on March 1, 2021. Headquartered in Dallas, Texas Capital Bank provides personalized financial services and is noted for being part of the Russell 2000® and S&P MidCap 400® indices.
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.