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

Texas Capital Bancshares (NASDAQ: TCBI) has announced its quarterly dividend for Series B Preferred Stock holders.

Rhea-AI Summary

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.

Positive

• Consistent dividend payment demonstrates financial stability
• Maintaining 5.75% Fixed Rate dividend indicates strong cash flow position

Negative

• None.

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DALLAS, Jan. 27, 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 March 17, 2025, to holders of record at the close of business on March 3, 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. 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

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

The dividend amount is $14.375 per share of Series B Preferred Stock, equivalent to $0.359375 per depositary share.

When is the TCBI Series B Preferred Stock dividend payable for Q1 2025?

The dividend is payable on March 17, 2025, to holders of record as of March 3, 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 much of a Series B Preferred Stock share does each TCBI depositary share represent?

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

What is the fixed rate for TCBI's Series B Preferred Stock?

The Series B Preferred Stock has a 5.75% Fixed Rate Non-Cumulative perpetual rate.