Texas Capital Stock Price, News & Analysis

Blue Tide, a North American producer of re-refined Group II+ base oils, has successfully upsized its revolving credit facility with Texas Capital as the lead and Origin Bank joining as a lending partner. The company initially secured a facility with Texas Capital in April 2024 to support its used motor oil (UMO) processing unit operations and hydrotreater construction.

With base oil production now operational in Baytown, Texas, the additional funding will support working capital and expansion initiatives as Blue Tide moves into full-scale operations. The expanded credit facility aims to enhance operational efficiencies and expand production capabilities, marking an important milestone for the company's growth strategy.

Texas Capital Bancshares (NASDAQ: TCBI) has received multiple industry awards in early 2025, reinforcing its position as Texas's premier full-service financial institution. The bank earned the Best Regional Bank title from Bankrate for the second consecutive year, recognized for its competitive APYs on deposit accounts. GOBankingRates also honored TCBI's Money Market Accounts for the second year running, noting their low fees and excellent yields.

Additionally, Newsweek included Texas Capital among America's Best Regional Banks and Credit Unions for the first time, based on comprehensive criteria including the Texas Ratio, profitability metrics, customer surveys involving 71,000 U.S. citizens, and analysis of 1.9 million social media reviews.

Texas Capital Bancshares (NASDAQ: TCBI) has announced its quarterly dividend for Series B Preferred Stock holders. The company declared a cash dividend of $14.375 per share of the 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B, which equals $0.359375 per depositary share. Each depositary share represents a 1/40th interest in a Series B Preferred Stock share and trades on NASDAQ under the symbol 'TCBIO'. The dividend will be paid on March 17, 2025, to stockholders of record as of March 3, 2025.

Texas Capital Bancshares (NASDAQ: TCBI) announced that its Board of Directors unanimously elected Rob C. Holmes to serve as Chairman of the Board following the 2025 Annual Meeting of Stockholders, while maintaining his current positions as President & CEO. Current Chairman Bob Stallings will transition to Lead Independent Director and received a one-year waiver from the Board's retirement policy to stand for reelection in 2025.

The Board's decision reflects confidence in Holmes's transformational leadership since 2021, during which he has led the company's strategic plan to build the premier full-service financial services firm headquartered in Texas. The new governance structure aims to consolidate leadership under Holmes while maintaining independent director oversight.

The company also announced its Q4 and full-year 2024 operating results, highlighting successful execution of strategic milestones and strong client adoption trends, while maintaining industry-leading capital and liquidity positions.

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.