Texas Capital Stock Price, News & Analysis

Texas Capital Bancshares (NASDAQ: TCBI) reported its Q4 and full-year 2024 results, showing significant growth across key metrics. The bank achieved a 38% year-over-year increase in fee income areas, along with 13% growth in total deposits and 10% growth in total loans. Q4 2024 net income available to common stockholders was $66.7 million ($1.43 per diluted share), compared to a loss of $65.6 million in Q3 2024.

The bank maintained strong capital ratios with 11.4% CET1 and 15.4% Total Capital. Book Value and Tangible Book Value per share both increased 8% year-over-year. The provision for credit losses was $18.0 million in Q4 2024, with net charge-offs of $12.1 million. The board authorized a new $200.0 million share repurchase program through January 31, 2026.

Texas Capital Bancshares (NASDAQ: TCBI) has announced it will release its full year and fourth quarter 2024 financial results before market opening on Thursday, January 23, 2025. The company will host a conference call and webcast at 9:00 a.m. EDT on the same day to discuss the results.

Participants can pre-register for the call through a provided link to receive a unique PIN for immediate access, or alternatively dial 833.470.1428 using access code 969515 at least fifteen minutes before the call. A live webcast will be available, along with presentation slides accessible through the company's investor website. An audio replay will be made available one hour after the call concludes.

Texas Capital Securities, a subsidiary of Texas Capital Bancshares (NASDAQ: TCBI), has launched equity research coverage of 38 companies across energy and energy-adjacent sectors. The coverage spans three core areas: Upstream Energy (23 stocks), Energy Adjacent (8 stocks), and Agribusiness and Biofuels (7 stocks).

The initiative aims to enhance the firm's product offerings and expand its Institutional Services business. The coverage focuses on companies positioned to benefit from AI data center demand, U.S. liquified natural gas infrastructure expansion, and policy-driven growth in biofuels. The Upstream Energy sector includes E&P companies, Mineral and Royalty companies, and Minerals-like MLPs, while Energy Adjacent coverage includes various operators in land management, water handling, and clean energy technology.

Texas Capital Bancshares (NASDAQ: TCBI) has appointed Aimee Williams-Ramey as its new Chief Human Resources Officer (CHRO), effective immediately. Williams-Ramey, who joined the company in May 2024 as Deputy General Counsel and Assistant Corporate Secretary, brings over 25 years of experience in legal, corporate governance, human resources, and other key areas.

In her new role, Williams-Ramey will lead the firm's human capital strategy, including talent acquisition and development, compensation, benefits, and employee engagement. She reports directly to President & CEO Rob C. Holmes and serves on the firm's Operating Committee.

Prior to joining Texas Capital, Williams-Ramey held executive positions at Six Flags Entertainment , where she managed HR for over 25,000 employees, and served in leadership roles at Sabre and FINRA.

Gateway Fiber has secured an additional $75 million in debt financing, bringing its total debt financing to $250 million for the year. The funding, arranged by Texas Capital alongside JPMorgan Chase Bank, Third Coast Bank, and CIBC, will support the company's fiber network expansion through 2025 in Missouri, Minnesota, and Massachusetts. With backing from equity sponsor CBRE Investment Management, Gateway Fiber aims to strengthen its position in residential and commercial fiber internet markets while maintaining service quality.

Texas Capital Bancshares, the parent company of Texas Capital Bank, has announced a cash dividend of $14.375 per share for its 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B. This is equivalent to $0.359375 per depositary share, each representing a 1/40th interest in a share of the Series B Preferred Stock. The depositary shares are traded on NASDAQ under the symbol TCBIO. The dividend will be payable on December 16, 2024, to holders of record at the close of business on December 2, 2024.

Texas Capital Bancshares, Inc. (NASDAQ: TCBI) announced its Q3 2024 results, reporting a net loss of $65.6 million, or $1.41 per diluted share. This loss was primarily due to a $179.6 million loss on sale of available-for-sale debt securities. The quarter included strategic actions such as acquiring a $332 million commercial loan portfolio and repositioning the balance sheet with proceeds from a $1.2 billion sale of lower-yielding securities.

Despite the loss, the company achieved record levels of income in fee areas of focus. Book Value and Tangible Book Value per share both increased 14% year-over-year, reaching record levels. Capital ratios remained strong, with CET1 at 11.2% and Total Capital at 15.2%. Net interest income increased to $240.1 million, up from $216.6 million in Q2 2024, with net interest margin improving to 3.16%.

Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, has announced its plans to release financial results for the third quarter of 2024 before market opening on Thursday, October 17, 2024. The company will host a conference call and webcast to discuss the Q3 2024 operating results on the same day at 9:00 a.m. EDT.

Participants can pre-register for the call or join through an operator using the provided phone number and access code. A live webcast will be available, and presentation slides can be accessed on the company's investor website. An audio replay will be made available one hour after the call concludes.

Texas Capital Bank Private Wealth Advisors and Texas Capital Funds Trust have launched the Texas Capital Government Money Market ETF (NYSE: MMKT), a first-of-its-kind ETF holding highly liquid, short-term U.S. government debt instruments and cash equivalents. This innovative fund combines the intraday liquidity and flexibility of an ETF with the risk and return characteristics of a money market fund, following Rule 2a-7 of the Investment Company Act of 1940.

The MMKT ETF aims to provide high current interest income while maintaining liquidity and stability of principal. It joins Texas Capital's suite of funds, including the Texas Capital Texas Equity Index ETF (NYSE Arca: TXS). The fund is managed by J. Steven Orr, chief investment officer of Texas Capital Bank Private Wealth Advisors, with over 30 years of portfolio management experience.