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 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.