Texas Capital's (TCBI) Strategic Plan Aids Amid Cost Woes [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
Its strong balance sheet and decent liquidity help to sustain its share repurchase program. However, elevated operating expenses and deteriorating credit quality remain near-term headwinds. Texas Capital's strength lies in its organic growth, which is evident in its revenue-led growth. Over the past three years, the company witnessed a compounded annual growth rate (CAGR) of nearly 1% in its revenues, attributed to increased investment banking and trading income, and higher net interest income. TCBI continues to execute its strategic plan (announced in September 2021), which has been enhancing its banking capabilities. This, in turn, will further bolster revenue growth. In alignment with its strategic plan, the company expanded its product offerings and enhanced its presence in promising markets. Management expects adjusted revenues to grow in the mid-single-digit range for 2024. As of Dec 31, 2023, Texas Capital had a total debt (comprising long-term debt and short-term borrowi
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TCBI
News
- Deutsche Bank (DB) Q1 Earnings & Revenues Rise Y/Y, Stock Up [Yahoo! Finance]Yahoo! Finance
- Texas Capital Bancshares, Inc. Announces Quarterly Dividend for Preferred StockGlobeNewswire
- Texas Capital Bancshares, Inc. (NASDAQ: TCBI) had its price target lowered by analysts at Truist Financial Co. from $66.00 to $61.00. They now have a "hold" rating on the stock.MarketBeat
- Texas Capital Bancshares, Inc. (NASDAQ: TCBI) had its price target lowered by analysts at Keefe, Bruyette & Woods from $76.00 to $74.00. They now have an "outperform" rating on the stock.MarketBeat
- Texas Capital Bancshares, Inc. (NASDAQ: TCBI) had its price target lowered by analysts at Stephens from $78.00 to $73.00. They now have an "overweight" rating on the stock.MarketBeat
TCBI
Earnings
- 4/18/24 - Miss
TCBI
Sec Filings
- 4/25/24 - Form 4
- 4/25/24 - Form 4
- 4/25/24 - Form 4
- TCBI's page on the SEC website