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

Rhea-AI Summary

Texas Capital Bancshares (NASDAQ: TCBI) has announced a quarterly dividend for its Series B Preferred Stock. The company's 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, which equals to $0.359375 per depositary share.

The depositary shares, trading under the symbol TCBIO on NASDAQ, each represent a 1/40th interest in a share of the Series B Preferred Stock. The dividend will be paid on June 16, 2025, to stockholders of record as of June 2, 2025.

Positive

• Regular quarterly dividend maintained at $14.375 per preferred share
• Consistent dividend payments indicate financial stability

Negative

• None.

News Market Reaction

+2.62%

1 alert

+2.62% News Effect

On the day this news was published, TCBI gained 2.62%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

DALLAS, April 21, 2025 (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 June 16, 2025, to holders of record at the close of business on June 2, 2025.

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.

INVESTOR CONTACT
Jocelyn Kukulka, 469.399.8544
jocelyn.kukulka@texascapitalbank.com 

MEDIA CONTACT
Julia Monter, 469.399.8425
julia.monter@texascapitalbank.com

FAQ

What is the dividend amount for TCBI Series B Preferred Stock for Q2 2025?

TCBI declared a dividend of $14.375 per share for Series B Preferred Stock, equivalent to $0.359375 per depositary share.

When is the TCBI Series B Preferred Stock dividend payable in June 2025?

The dividend is payable on June 16, 2025, to holders of record as of June 2, 2025.

What is the trading symbol for TCBI's Series B Preferred Stock depositary shares?

The depositary shares trade on NASDAQ under the symbol 'TCBIO'.

How many depositary shares equal one share of TCBI Series B Preferred Stock?

Each depositary share represents a 1/40th interest in one share of the Series B Preferred Stock.