Texas Capital Bancshares Files 8-K on Financial Results & Other Events

TL;DR

**TCBI just dropped an 8-K on financial results, check it for performance updates!**

AI Summary

On January 18, 2024, Texas Capital Bancshares, Inc. (TCBI) filed an 8-K to announce its financial results and other events. This filing is important for investors because it provides transparency into the company's performance, specifically regarding its Common Stock (TCBI) and Series B Preferred Stock (TCBIO) which are both registered on the Nasdaq Stock Market. Understanding these results helps shareholders assess the bank's health and future prospects.

Why It Matters

This filing gives investors crucial, up-to-date information on Texas Capital Bancshares' financial health, directly impacting their investment decisions and the perceived value of their shares.

Risk Assessment

Risk Level: low — This 8-K is a routine disclosure of financial results and other events, not indicating any immediate new risks.

Analyst Insight

A smart investor would review the detailed financial results mentioned in Item 2.02 (Results of Operations and Financial Condition) and Item 8.01 (Other Events) of the full 8-K filing to understand the specific performance metrics and any other material developments impacting Texas Capital Bancshares, Inc.

Key Numbers

• $0.01 — Par value per share (for both Common Stock and Series B Preferred Stock)

Key Players & Entities

• TEXAS CAPITAL BANCSHARES, INC. (company) — registrant filing the 8-K
• Nasdaq Stock Market (company) — exchange where TCBI and TCBIO are registered
• $0.01 (dollar_amount) — par value per share for Common Stock and Series B Preferred Stock

Forward-Looking Statements

• Texas Capital Bancshares will continue to file routine 8-K reports for significant events. (TEXAS CAPITAL BANCSHARES, INC.) — high confidence, target: Ongoing

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share TCBI Nasdaq Stock Market 5.
• $150.0 million — which the Company may repurchase up to $150.0 million in shares of its outstanding common sto

Filing Documents

• tcbi-20240118.htm (8-K) — 35KB
• a1182024exhibit991.htm (EX-99.1) — 535KB
• a4q2023_earningsxpresent.htm (EX-99.2) — 33KB
• a4q2023_earningsxpresent001.jpg (GRAPHIC) — 34KB
• a4q2023_earningsxpresent002.jpg (GRAPHIC) — 236KB
• a4q2023_earningsxpresent003.jpg (GRAPHIC) — 106KB
• a4q2023_earningsxpresent004.jpg (GRAPHIC) — 157KB
• a4q2023_earningsxpresent005.jpg (GRAPHIC) — 150KB
• a4q2023_earningsxpresent006.jpg (GRAPHIC) — 132KB
• a4q2023_earningsxpresent007.jpg (GRAPHIC) — 106KB
• a4q2023_earningsxpresent008.jpg (GRAPHIC) — 150KB
• a4q2023_earningsxpresent009.jpg (GRAPHIC) — 137KB
• a4q2023_earningsxpresent010.jpg (GRAPHIC) — 127KB
• a4q2023_earningsxpresent011.jpg (GRAPHIC) — 130KB
• a4q2023_earningsxpresent012.jpg (GRAPHIC) — 146KB
• a4q2023_earningsxpresent013.jpg (GRAPHIC) — 69KB
• a4q2023_earningsxpresent014.jpg (GRAPHIC) — 89KB
• a4q2023_earningsxpresent015.jpg (GRAPHIC) — 86KB
• a4q2023_earningsxpresent016.jpg (GRAPHIC) — 104KB
• tcbicolorlogoforrelease.jpg (GRAPHIC) — 15KB
• 0001077428-24-000002.txt ( ) — 3539KB
• tcbi-20240118.xsd (EX-101.SCH) — 2KB
• tcbi-20240118_def.xml (EX-101.DEF) — 16KB
• tcbi-20240118_lab.xml (EX-101.LAB) — 30KB
• tcbi-20240118_pre.xml (EX-101.PRE) — 16KB
• tcbi-20240118_htm.xml (XML) — 4KB

02. Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition. (a) On January 18, 2024, Texas Capital Bancshares, Inc. (the "Company") issued a press release and made available presentation slides regarding its operating and financial results for its fiscal quarter and year ended December 31, 2023. A copy of the press release is attached hereto as Exhibit 99.1. A copy of the presentation is attached hereto as Exhibit 99.2. The information in Item 2.02 of this report (including Exhibits 99.1 and 99.2) shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act of 1934, as amended, except as expressly set forth by specific reference in such a filing.

01. Other Events

Item 8.01. Other Events. Announcement of Share Repurchase Program On January 17, 2024, the Company's board of directors authorized a new share repurchase program under which the Company may repurchase up to $150.0 million in shares of its outstanding common stock. Any repurchases under the repurchase program will be made in accordance with applicable securities laws from time to time in open market or private transactions. The extent to which the Company repurchases shares, and the timing of such repurchases, will be at management's discretion and will depend upon a variety of factors, including market conditions, our capital position and amount of retained earnings, regulatory requirements and other considerations. The share repurchase program is set to expire on January 31, 2025, and the program may be suspended or discontinued at any time. Remaining repurchase authorization under the January 18, 2023 share repurchase program was terminated upon authorization of this new program.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits 99.1 Press Release, dated January 18 , 202 4 announcing Texas Capital Bancshares, Inc.'s operating and financial results for its fiscal quarter and year ended December 3 1 , 2023 99.2 Presentation dated January 1 8 , 202 4 discussing Texas Capital Bancshares, Inc.'s operating and financial results for its fiscal quarter and year ended December 3 1 , 2023 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: January 18, 2024 TEXAS CAPITAL BANCSHARES, INC. By: /s/ J. Matthew Scurlock J. Matthew Scurlock Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR