Profile
Sector:
Financial ServicesIndustry:
Banks - RegionalCountry:
United StatesIPO:
13 August 2003Website:
http://www.texascapitalbank.comNext earnings report:
17 January 2025Last dividends:
03 March 2016Next dividends:
N/APrice
after hours | Fri, 01 Nov 2024 20:20:00 GMTDividend
Analysts recommendations
Institutional Ownership
TCBI Latest News
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.
Does Texas Capital (TCBI) have what it takes to be a top stock pick for momentum investors? Let's find out.
Texas Capital Bancshares saw a significant improvement in net interest income in Q3 due to increased deposits and reduced external debt. The bank's deposit growth outpaced peers, leading to a lower loan-to-deposit ratio and improved net interest margins. Risks include loan performance concerns and geographic concentration in Texas, with rising nonaccrual loans and a low allowance for credit losses.
Aluminum producer Alcoa (AA) and financial holding company Texas Capital Bancshares (TCBI) are two stocks to watch after crushing their Q3 earnings expectations on this week.
TCBI's Q3 results reflect an increase in revenues. A rise in loan & deposit balances is an added benefit.
Texas Capital Bancshares, Inc. (NASDAQ:TCBI ) Q3 2024 Earnings Conference Call October 17, 2024 9:00 AM ET Company Participants Rob Holmes - President and CEO Matt Scurlock - CFO Jocelyn Kukulka - Head of IR Conference Call Participants Woody Lay - KBW Ben Gerlinger - Citi Matt Olney - Stephens Michael Rose - Raymond James Operator Good morning, all, and thank you all for attending the Texas Capital Bancshares Third Quarter 2024 Earnings Conference Call. My name is Breka, and I will be your moderator for today.
Texas Capital (TCBI) came out with quarterly earnings of $1.62 per share, beating the Zacks Consensus Estimate of $0.97 per share. This compares to earnings of $1.18 per share a year ago.
Record level of income in fee areas of focus (1) Quarterly strategic actions include acquisition of $332 million commercial loan portfolio and balance sheet repositioning of the proceeds from $1.2 billion sale of lower-yielding available-for-sale securities into higher yielding securities Book Value and Tangible Book Value (2) per share both increased 14% year over year, reaching record levels Capital ratios continue to be strong, including 11.2% CET1 and 15.2% Total Capital DALLAS, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, announced operating results for the third quarter of 2024. Net loss available to common stockholders was $65.6 million, or $1.41 net loss per diluted share, for the third quarter of 2024, compared to net income available to common stockholders of $37.4 million, or $0.80 net income per diluted share, and $57.4 million, or $1.18 per diluted share, for the for the second quarter of 2024 and third quarter of 2023, respectively.
Texas Capital (TCBI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
TCBI's steady progress on its ongoing strategic business plan, along with a solid balance sheet position, is set to aid its financials in the long run.
What type of business is Texas Capital Bancshares?
Texas Capital Bancshares, Inc. is a banking and financial holding company. The company is the parent company of Texas Capital Bank, National Association. It offers a range of loans, deposit accounts, and other financial products and services to its customers. In particular, a variety of products and services are offered to the company's business clients, including commercial loans for general corporate purposes, including working capital financing, internal growth, acquisitions, and financing of business insurance premiums; medium- and long-term tax-exempt loans, and others. Texas Capital Bancshares, Inc. was founded in 1996 and is headquartered in Dallas, Texas.
What sector is Texas Capital Bancshares in?
Texas Capital Bancshares is in the Financial Services sector
What industry is Texas Capital Bancshares in?
Texas Capital Bancshares is in the Banks - Regional industry
What country is Texas Capital Bancshares from?
Texas Capital Bancshares is headquartered in United States
When did Texas Capital Bancshares go public?
Texas Capital Bancshares initial public offering (IPO) was on 13 August 2003
What is Texas Capital Bancshares website?
https://www.texascapitalbank.com
Is Texas Capital Bancshares in the S&P 500?
No, Texas Capital Bancshares is not included in the S&P 500 index
Is Texas Capital Bancshares in the NASDAQ 100?
No, Texas Capital Bancshares is not included in the NASDAQ 100 index
Is Texas Capital Bancshares in the Dow Jones?
No, Texas Capital Bancshares is not included in the Dow Jones index
When was Texas Capital Bancshares the previous earnings report?
No data
When does Texas Capital Bancshares earnings report?
The next expected earnings date for Texas Capital Bancshares is 17 January 2025