Texas Capital Bancshares Inc

TCBI

Equity

ISIN US88224Q1076 / Valor 1500829

NASDAQ (2024-12-26)

USD 78.63+0.42%

Texas Capital Bancshares Inc
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About company

Texas Capital Bancshares Inc is a financial institution that provides a range of personal banking solutions to assist individuals in planning for their future financial needs. These solutions encompass services such as checking and savings accounts, term loans, lines of credit, debit and credit cards, as well as online banking capabilities. The company aims to support its customers in managing their finances effectively and achieving their financial goals through a comprehensive suite of banking products and services.

Summarized from source with an LLMView SourceSector: Finance

Net Income

Texas Capital Bancshares Inc. reported a net income of $41.7 million for the second quarter of 2024. Net income available to common stockholders was $37.4 million, or $0.80 per diluted share, showing a significant increase from the first quarter of 2024, which had a net income of $21.8 million, or $0.46 per diluted share.

Book Value

Both the Book Value and Tangible Book Value per share for Texas Capital Bancshares Inc. increased by 1.9% in the second quarter of 2024. This growth was achieved despite the repurchase of $50.0 million in shares, reaching record levels for the company.

Capital Ratios

Texas Capital Bancshares Inc. maintained strong capital ratios in the second quarter of 2024, with a Common Equity Tier 1 (CET1) ratio of 11.6% and a Total Capital ratio of 15.7%. These ratios indicate the company's robust financial health and ability to withstand economic fluctuations.

Net Interest Income

For the second quarter of 2024, Texas Capital Bancshares Inc. reported net interest income of $216.6 million, a slight increase from $215.0 million in the first quarter of 2024. This increase was driven by higher average earning assets and a decline in funding costs, partially offset by an increase in average interest-bearing deposits.

Non-Interest Income

Non-interest income for Texas Capital Bancshares Inc. rose by $9.1 million, or 22%, in the second quarter of 2024 compared to the first quarter of 2024. This increase was primarily due to higher investment banking and advisory fees, as well as other non-interest income sources.

Summarized from source with an LLMView Source

Key figures

21.5%1Y

34.3%3Y

36.4%5Y

Performance

31.9%1Y

37.0%3Y

50.2%5Y

Volatility