Texas Capital's (TCBI) Strategic Actions Aid Amid High Costs [Yahoo! Finance]
Texas Capital Bancshares, Inc. (TCBI)
Last texas capital bancshares, inc. earnings: 4/22 04:03 pm
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US:NASDAQ Investor Relations:
investors.texascapitalbank.com
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Source: Yahoo! Finance
Given the company's strong liquidity position, its capital distribution activities seem sustainable. However, an elevated expense base and deteriorating asset quality are a major concern. Texas Capital is focused on growing organically. An elevated level of investment banking, trading income and higher NII drove revenues to witness a compound annual growth rate (CAGR) of almost 2% over the last five years (2018-2023). Although the revenues declined in first-quarter 2024, TCBI's progress on its strategic plan (announced in September 2021), efforts to expand banking capabilities and expansion of customer portfolio are expected to support revenue growth in the quarters ahead. Management expects 2024 adjusted revenues to rise in the mid-single-digit range. In 2023, net loans held for investments (LHI) improved 5.6% year over year to $20.09 billion and the upswing followed in the first quarter of 2024 as well. Although total deposits fell 2.1% to $22.37 billion during the same period,
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TCBI
News
- Federal Home Loan Bank of Dallas and Texas Capital Award $850K for Austin Affordable Housing [Yahoo! Finance]Yahoo! Finance
- Federal Home Loan Bank of Dallas and Texas Capital Award $850K for Austin Affordable HousingBusiness Wire
- Bullish Texas Capital Bancshares Insiders Loaded Up On US$2.42m Of Stock [Yahoo! Finance]Yahoo! Finance
- Texas Capital Names David Oman as Chief Risk Officer [Yahoo! Finance]Yahoo! Finance
- Texas Capital Names David Oman as Chief Risk OfficerGlobeNewswire
TCBI
Earnings
- 4/18/24 - Miss
TCBI
Sec Filings
- 6/14/24 - Form 4
- 6/12/24 - Form 3
- 6/4/24 - Form 4
- TCBI's page on the SEC website