Texas Capital Bancshares, Inc. Announces Quarterly Dividend for Preferred Stock

Rhea-AI Summary

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.

Positive

• Declared cash dividend of $14.375 per share for Series B Preferred Stock.
• Dividend equivalent to $0.359375 per depositary share.
• Dividend payable on December 16, 2024.

Negative

• None.

DALLAS, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, and its board of directors declared a cash dividend of $14.375 per share of the 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B (the “Series B Preferred Stock”), 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 the NASDAQ under the symbol “TCBIO.” The Series B Preferred Stock dividend is payable on December 16, 2024, to holders of record at the close of business on December 2, 2024.

ABOUT TEXAS CAPITAL BANCSHARES, INC.

Texas Capital Bancshares, Inc. (NASDAQ®: TCBI), a member of the Russell 2000® Index and the S&P MidCap 400®, is the parent company of Texas Capital Bank (“TCB”). Texas Capital is the collective brand name for TCB and its separate, non-bank affiliates and wholly-owned subsidiaries. Texas Capital is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs and individual customers. Founded in 1998, the institution is headquartered in Dallas with offices in Austin, Houston, San Antonio and Fort Worth, and has built a network of clients across the country. With the ability to service clients through their entire lifecycles, Texas Capital has established commercial banking, consumer banking, investment banking and wealth management capabilities. All services are subject to applicable laws, regulations, and service terms. Deposit and lending products and services are offered by TCB. For deposit products, member FDIC. For more information, please visit www.texascapital.com.

FAQ

What dividend was announced by Texas Capital Bancshares for Series B Preferred Stock?

Texas Capital Bancshares announced a cash dividend of $14.375 per share for its Series B Preferred Stock.

When is the dividend for TCBI's Series B Preferred Stock payable?

The dividend is payable on December 16, 2024.

What is the record date for Texas Capital Bancshares' Series B Preferred Stock dividend?

The record date for the dividend is December 2, 2024.

What is the equivalent dividend per depositary share for TCBI's Series B Preferred Stock?

The equivalent dividend per depositary share is $0.359375.

Under what symbol are the depositary shares for TCBI's Series B Preferred Stock traded?

The depositary shares are traded under the symbol TCBIO.