Texas Capital Bancshares offers a preferred share with a 6.7% dividend yield, TCBIO, making it a solid choice for fixed income investors. Despite a decline in net interest income, TCBI's net interest margin remains above pandemic levels due to effective leverage management. Texas Capital saw significant loan growth in 2024, but nonperforming loans increased, posing potential risks to earnings.
TCBI's progress with the growth strategies looks encouraging. Yet rising expenses are concerning.
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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.
TCBI's Q4 2024 results were disappointing overall, with declining net interest margin, slowed loan growth, and deposits far from all-time highs. The only positive note was the rapid increase in non-interest income, particularly from Investment Banking & Trading and Treasury Product Fees. Rising mortgage rates and a challenging macroeconomic environment have impacted loan growth and profitability, raising concerns for future performance.
TCBI's Q4 earnings benefit from a rise in NII and fee income. Lower expenses are another tailwind.
Texas Capital Bancshares, Inc. (NASDAQ:TCBI ) Q4 2024 Earnings Conference Call January 23, 2024 9:00 AM ET Company Participants Jocelyn Kukulka - Head of Investor Relations Rob Holmes - President & Chief Executive Officer Matt Scurlock - Chief Financial Officer Conference Call Participants Benjamin Gerlinger - Citi Peter Winter - D.A. Davidson Jared Shaw - Barclays Capital Anthony Elian - JPMorgan Operator Good morning all and thank you for attending the Texas Capital Bancshares, Inc. Q4 2024 Earnings Conference Call.
Texas Capital (TCBI) came out with quarterly earnings of $1.43 per share, beating the Zacks Consensus Estimate of $1.07 per share. This compares to earnings of $0.65 per share a year ago.
DALLAS, Jan. 23, 2025 (GLOBE NEWSWIRE) -- Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital, today announced that its Board of Directors (the Board) unanimously elected Rob C. Holmes, Texas Capital's President & Chief Executive Officer and existing Board Director, to also serve as Chairman of the Board immediately following the 2025 Annual Meeting of Stockholders.
Get a deeper insight into the potential performance of Texas Capital (TCBI) for the quarter ended December 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.